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 Central Baptist College can appear overpowering, but remember that the majority of students obtain some kind of financial assistance.
Just what financial aid solutions can CBC deliver, and just what are you going to be eligible for? Keep reading for answers. Keep scrolling to find out how much school funding will be available to you.
Your financial aid package, which may contain grants and scholarships, will be determined on your financial need. The figures below will help you estimate the aid you might receive from Central Baptist College.
Through a mix of loans, grants, work-study and scholarships, schools bring down the effective cost so more students can attend. Keep in mind that certain forms of assistance are more beneficial than others, and aid amounts differ from student to student.
For freshmen starting at Central Baptist College, 99% of first-year full-time students received aid of some kind some 101 first-years).
| Type of Aid | % of Freshmen Receiving | Average Amount |
|---|---|---|
| Grant or scholarship aid (all sources) | 99% | $13,240 |
| Institutional grants & scholarships | 99% | $9,349 |
| Federal Pell grants | 50% | $5,856 |
| State/local grants | 37% | $2,172 |
| Federal student loans | 57% | $5,056 |
Unlike loans, grants and scholarships are gift aid that does not need to be paid back, making them the most desirable form of assistance. Here, approximately 85% of undergraduate students received gift aid averaging $12,911 (across approximately 466 recipients).
| Award | % of Undergrads Receiving | Average Amount |
|---|---|---|
| Grant or scholarship aid (all sources) | 85% | $12,911 |
| Federal Pell grants | 40% | $5,566 |
| Federal student loans | 47% | $6,741 |
For students living on campus and receiving title-IV aid, grants averaged $18,318.
How much a family pays depends heavily on income, because most aid is awarded on the basis of financial need.
| Family Income | Average Net Price |
|---|---|
| $0 – $48,000 | $13,591 |
| $30,001 – $75,000 | $14,166 |
| Over $75,000 | $20,410 |
Each figure is the net price after grants and scholarships, not the published sticker price.
The net price strips out grant and scholarship aid from the sticker price to show roughly what families really pay.
| Cohort | Average Net Price |
|---|---|
| On-campus title-IV students | $12,287 |
| Off-campus title-IV students | $16,664 |
For a personalized estimate based on your family’s financial situation, use CBC’s net price calculator: www.cbc.edu/estimateexpenses.
The median student at CBC graduates with $12,876 of federal student loans.
| Metric | Amount |
|---|---|
| Median federal debt (all student-aid borrowers) | $12,876 |
| Median federal debt (graduates only) | $22,250 |
| Typical 10-year monthly payment (graduates) | $235.89/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 figures below chart the debt distribution at CBC.
| Percentile | Cumulative Federal Debt |
|---|---|
| 10th percentile (lowest-debt students) | $3,500 |
| 25th percentile | $5,652 |
| 75th percentile | $25,325 |
| 90th percentile (highest-debt students) | $36,250 |
How much a student borrows depends heavily on family income, first-gen status, and dependency.
Median Debt by Income Bracket
| Income tier | Median federal debt |
|---|---|
| Low income | $13,382 |
| Middle income | $12,000 |
| High income | $14,000 |
First-Generation Comparison
| Cohort | Median federal debt |
|---|---|
| First-generation students | $12,000 |
| Continuing-generation students | $14,751 |
Dependent vs Independent Students
| Cohort | Median federal debt |
|---|---|
| Dependent students | $11,200 |
| Independent students | $18,750 |
Federal data publishes pre-calculated indicators that summarize debt outcomes. CBC.
The Stafford program is the federal direct-loan vehicle most undergraduates use. Below is the annual Stafford program activity at CBC:
| Metric | Value |
|---|---|
| Stafford loan recipients | 3001 |
| Total Stafford loan amount | $51,105,663 |
The GI Bill and DoD Tuition Assistance are the main federal aid routes for veterans and service members.
Post-9/11 GI Bill activity
| Metric | Value |
|---|---|
| GI Bill recipients | 10 |
| Total GI Bill amount | $120,690 |
| Average GI Bill amount per recipient | $12,069 |
Active-duty Tuition Assistance recipients
| Metric | Value |
|---|---|
| DoD Tuition Assistance recipients | 6 |
| Total DoD amount | $16,000 |
| Average DoD amount per recipient | $2,667 |
References
More about our data sources and methodologies.