by our College Data Analytics TeamMany students will never be charged the full, advertised sticker price of a school. Instead, they will be given a financial aid offer that will include a combination of scholarships, grants, loans, and work-study. The price tag of going to Belmont College can appear tremendous, but do not forget that almost all students obtain some kind of financial help.
Just what financial assistance solutions will Belmont College deliver, and just what are you going to be eligible for? Read on for answers. Scroll down to find out just how much financial aid will be open to you.
The amount of financial aid and scholarships you are eligible for will vary depending on your family’s income. Continue reading to find information to help you understand just how much assistance you can expect to receive from Belmont College.
Financial aid, in the form of loans, grants, work-study, and scholarships, is one way colleges reduce the cost of attendance so most students can actually afford to attend. However, some types of aid are more desirable than others, and some students will receive more than others.
For incoming first-year students at Belmont College, 89% of new full-time first-years were awarded at least some aid (about 106 students).
| Type of Aid | % of Freshmen Receiving | Average Amount |
|---|---|---|
| Grant or scholarship aid (all sources) | 84% | $5,059 |
| Institutional grants & scholarships | 50% | $3,150 |
| Federal Pell grants | 44% | $5,469 |
| State/local grants | 8% | $1,826 |
| Federal student loans | 15% | $3,752 |
Grants and scholarships are the most valuable form of aid because, unlike loans, they never have to be repaid. At Belmont College, around 43% of undergraduate students received gift aid averaging $4,659 (across roughly 358 students).
| Award | % of Undergrads Receiving | Average Amount |
|---|---|---|
| Grant or scholarship aid (all sources) | 43% | $4,659 |
| Federal Pell grants | 27% | $4,665 |
| Federal student loans | 14% | $4,959 |
For students living on campus and receiving title-IV aid, grants averaged $5,685.
Because need-based aid scales with family income, what students actually pay differs sharply across income brackets.
| Family Income | Average Net Price |
|---|---|
| $0 – $48,000 | $5,042 |
| $30,001 – $75,000 | $5,779 |
| Over $75,000 | $8,319 |
The numbers above are post-aid net prices, so they already account for grants and scholarships.
Net price is the cost remaining after grant and scholarship aid is subtracted from the sticker price, and it is the most useful single number for estimating real cost.
| Cohort | Average Net Price |
|---|---|
| On-campus title-IV students | $6,995 |
| Off-campus title-IV students | $5,919 |
To get a personalized net price estimate, try Belmont College’s online cost calculator: www.belmontcollege.edu/admissions-and-aid/paying-for-college/net-price-calculator/.
The median student at Belmont College graduates with $5,322 in federal loans.
| Metric | Amount |
|---|---|
| Median federal debt (all student-aid borrowers) | $5,322 |
| Median federal debt (graduates only) | $8,747 |
| Typical 10-year monthly payment (graduates) | $92.73/mo |
Spreading the median graduate debt over a standard 10-year repayment schedule works out to roughly the monthly payment shown above.
The numbers below show the full range, not just the middle of the distribution. The percentiles below describe the cumulative federal debt distribution for borrowers at Belmont College.
| Percentile | Cumulative Federal Debt |
|---|---|
| 10th percentile (lowest-debt students) | $1,309 |
| 25th percentile | $2,478 |
| 75th percentile | $11,800 |
| 90th percentile (highest-debt students) | $17,331 |
The figures below break down median federal debt by income tier, first-generation status, and dependency.
Debt by Income Tier
| Income tier | Median federal debt |
|---|---|
| Low income | $5,450 |
| Middle income | $5,500 |
| High income | $4,410 |
By First-Generation Status
| Cohort | Median federal debt |
|---|---|
| First-generation students | $5,459 |
| Continuing-generation students | $4,202 |
Dependency-Status Comparison
| Cohort | Median federal debt |
|---|---|
| Dependent students | $3,715 |
| Independent students | $8,163 |
Federal data publishes pre-calculated indicators that summarize debt outcomes. Belmont College.
Stafford loans are the federal government’s primary direct undergraduate lending program. Below is the annual Stafford program activity at Belmont College:
| Metric | Value |
|---|---|
| Stafford loan recipients | 5474 |
| Total Stafford loan amount | $73,397,288 |
Veterans and active-duty service members may qualify for the Post-9/11 GI Bill or DoD Tuition Assistance.
Post-9/11 GI Bill activity
| Metric | Value |
|---|---|
| GI Bill recipients | 9 |
| Total GI Bill amount | $43,269 |
| Average GI Bill amount per recipient | $4,808 |
Active-duty Tuition Assistance recipients
| Metric | Value |
|---|---|
| DoD Tuition Assistance recipients | 0 |
| Total DoD amount | $0 |
References
More about our data sources and methodologies.