Understanding Financial Aid
The quantity of financial assistance, scholarships, and grants varies from person to person. With all the details listed below, you will better understand how much financial aid you'll get from Biola University determined by family income and merit.
How Many Undergrads Get Financial Assistance?
Biola University's average financial aid offer for new first years is $24,249. Approximately 97.0% of incoming students receive some kind of financial assistance, the majority of which is in the form of scholarships and grants.
Financial aid consists of scholarships, grants, and student loans. However, loans have to be paid off, so they are not a true discount.
Uneasy about the debt that may be part of a financing offer? See the average amount of debt per student at Biola.
Number of Biola Scholarships & Grants
The stats following pertain to assistance which is provided by Biola University.
97.0% of first year students (793 total) were given scholarships at Biola University, averaging $13,069 per student. This puts it in the top 40th percentile of all colleges in the country.
As well as scholarships, 30.0% of freshman students (246 total) obtained a federal grant, averaging $4,896 each.
Check out the typical level of grants and scholarships freshmen receive by checking out the chart below.
Scholarships are awarded due to merit or special ability, while grants are given due to need.
Amount of Financial Assistance By Income Level
The following chart demonstrates grant and scholarship allocations by income for freshmen getting any sort of federally-funded Title IV aid, such as Federal PLUS loans.
|Income Level||Percent of Freshman||Average Assistance|
|Income 110k +||21.9%||$11,182|
Education funding from the federal government available as grants, loans, or work-study is referred to as Title IV aid. Get more info on Title IV here..
$18,143 is the Average Total an Undergraduate Will Get in Grants or Scholarships
3,884 Biola undergrads obtain grant aid (this is around 93.0% of the entire student body). The typical amount these students obtain is $18,143
Biola University Financial Aid Links
|Financial Aid Department Website||https://www.biola.edu/undergrad/financial-aid|
|Net Price Calculator||https://www.biola.edu/undergrad/financial-aid/net-price-calculator#net-price|