Understanding Financial Aid
Do you know financial assistance and scholarship or grant qualifications are determined by several requirements? Here you'll find information to help you to understand how much financial aid and scholarships you can expect from Biola University.
How Many Undergrads Get Financial Assistance?
Biola University's average financial aid offer for new first years is $22,619. Approximately 95.0% of incoming students receive some kind of financial assistance, the majority of which is scholarships and grants.
Financial aid consists of scholarships, grants, and student loans. However, student loans must be paid off, so they are not a genuine discount.
Uneasy about the debt that may be part of a financing offer? See the average amount of debt per student at Biola.
How Much Aid is Available That I Don't Have to Pay Back? (A.K.A. Scholarships & Grants)?
The stats following pertain to assistance which is offered by Biola University.
95.0% of first year students (893 total) were given scholarships at Biola University, averaging $11,330 per student. This puts it in the top 40th percentile of all colleges in the country.
296 freshman students were awarded a grant. About 31.0% Biola freshmen received grants with an average of $4,586 a piece.How are grants and scholarships dispersed to first years at Biola? Look at the data listed below.
Scholarships are awarded due to merit or special ability, while grants are given due to need.
Amount of Financial Assistance By Income Level
Find out what amount of scholarship and grant assistance you can plan to obtain according to your earnings. The chart below displays freshman students obtaining federal aid such as PLUS loans.
| Income Level | Percent of Freshman | Average Assistance |
|---|---|---|
| Income 0-30k | 15.7% | $22,086 |
| Income 30k-48k | 8.5% | $20,941 |
| Income 48k-75k | 12.3% | $18,604 |
| Income 75k-110k | 15.1% | $13,989 |
| Income 110k + | 18.5% | $9,802 |
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..
$16,997 is the Average Total an Undergraduate Will Get in Grants or Scholarships
3,974 Biola undergrads obtain grant aid (this is around 4,373 of the entire student body). The average amount these students obtain is $16,997
Biola University Financial Aid Links
| Financial Aid Department Website | undergrad.biola.edu/finaid/ |
| Net Price Calculator | undergrad.biola.edu/finaid/#net-price |
