How Many Undergrads Get Financial Assistance?
Biola University's average financial aid offer for new first years is $30,971. Approximately 99.0% 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.
99.0% of first year students (838 total) were given scholarships at Biola University, averaging $19,233 per student. This puts it in the top 20th percentile of all colleges in the country.
As well as scholarships, 28.0% of freshman students (236 total) obtained a federal grant, averaging $5,013 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 +||25.7%||$18,077|
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..
$22,457 is the Average Total an Undergraduate Will Get in Grants or Scholarships
3,793 Biola undergrads obtain grant aid (this is around 98.0% of the entire student body). The typical amount these students obtain is $22,457
Biola University Financial Aid Links
|Financial Aid Department Website||https://www.biola.edu/financial-aid/scholarships-and-aid/undergrad|
|Net Price Calculator||https://www.biola.edu/financial-aid/resources/net-price-calculator#net-price|