by our College Data Analytics TeamA lot of students are not billed the full sticker price of a school. Rather, they are offered a financial aid plan that includes a mix of loans, grants, scholarships, and possibly work-study opportunities. The price tag of going to Biola University can appear overwhelming, but bear in mind that many students obtain some kind of financial aid.
Just what financing solutions does Biola deliver, and just what are you going to be eligible for? Keep scrolling for answers. Keep scrolling to find out just how much financial aid will be open to you.
How much aid you qualify for depends largely on your family’s financial circumstances. Use the information below to understand how much financial assistance you may get from Biola University.
Through a mix of loans, grants, work-study and scholarships, schools bring down the effective cost so more students can attend. Some kinds of aid are clearly preferable to others, and outcomes differ across students.
For incoming first-year students at Biola University, 99% of first-year full-time students received aid of some kind approximately 741 incoming students).
| Type of Aid | % of Freshmen Receiving | Average Amount |
|---|---|---|
| Grant or scholarship aid (all sources) | 99% | $28,817 |
| Institutional grants & scholarships | 99% | $25,795 |
| Federal Pell grants | 23% | $5,626 |
| State/local grants | 20% | $8,689 |
| Federal student loans | 46% | $5,116 |
Unlike loans, grants and scholarships are gift aid that does not need to be paid back, making them the most desirable form of assistance. At Biola, around 95% of the undergraduate population received grant aid that averaged $27,449 (for some 3217 undergraduates).
| Award | % of Undergrads Receiving | Average Amount |
|---|---|---|
| Grant or scholarship aid (all sources) | 95% | $27,449 |
| Federal Pell grants | 26% | $5,798 |
| Federal student loans | 44% | $6,603 |
Title-IV recipients living on campus saw average grant aid of $31,262.
Need-based aid means lower-income families typically pay far less than the sticker price suggests.
| Family Income | Average Net Price |
|---|---|
| $0 – $48,000 | $22,367 |
| $30,001 – $75,000 | $23,464 |
| Over $75,000 | $33,352 |
The numbers above are post-aid net prices, so they already account for grants and scholarships.
Net price is the average annual cost after grants and scholarships are subtracted from the published cost of attendance — the figure closest to what a typical aid-receiving student actually pays.
| Cohort | Average Net Price |
|---|---|
| On-campus title-IV students | $31,495 |
| Off-campus title-IV students | $28,101 |
For an estimate tailored to your family circumstances, see Biola’s net price tool: www.biola.edu/financial-aid/resources/net-price-calculator#net-price.
Graduating students at Biola carry a median federal student debt of $19,000 in federal student debt.
| Metric | Amount |
|---|---|
| Median federal debt (all student-aid borrowers) | $19,000 |
| Median federal debt (graduates only) | $23,875 |
| Typical 10-year monthly payment (graduates) | $253.11/mo |
At a typical 10-year repayment schedule, the median graduate would pay about the monthly figure above.
Looking only at the median can be misleading because it hides the spread. The figures below chart the debt distribution at Biola.
| Percentile | Cumulative Federal Debt |
|---|---|
| 10th percentile (lowest-debt students) | $5,030 |
| 25th percentile | $9,250 |
| 75th percentile | $27,000 |
| 90th percentile (highest-debt students) | $33,000 |
How much a student borrows depends heavily on family income, first-gen status, and dependency.
By Family Income
| Income tier | Median federal debt |
|---|---|
| Low income | $19,500 |
| Middle income | $19,500 |
| High income | $18,375 |
First-Generation Comparison
| Cohort | Median federal debt |
|---|---|
| First-generation students | $19,656 |
| Continuing-generation students | $17,750 |
Dependency-Status Comparison
| Cohort | Median federal debt |
|---|---|
| Dependent students | $19,500 |
| Independent students | $15,000 |
The figure below distills the debt data into a single burden category for Biola.
Most undergraduate borrowing runs through the federal Stafford loan program. These figures summarize annual Stafford program activity at Biola:
| Metric | Value |
|---|---|
| Stafford loan recipients | 14354 |
| Total Stafford loan amount | $342,968,316 |
Military-affiliated students can tap the Post-9/11 GI Bill and DoD Tuition Assistance.
Post-9/11 GI Bill recipients
| Metric | Value |
|---|---|
| GI Bill recipients | 103 |
| Total GI Bill amount | $1,521,815 |
| Average GI Bill amount per recipient | $14,775 |
DoD Tuition Assistance activity
| Metric | Value |
|---|---|
| DoD Tuition Assistance recipients | 10 |
| Total DoD amount | $29,000 |
| Average DoD amount per recipient | $2,900 |
References
More about our data sources and methodologies.