by our College Data Analytics TeamThe majority of college students don’t pay the full price for their education, as financial aid packages, including scholarships, grants, loans, and work-study opportunities, help to offset the costs.
Curious about the financial aid opportunities at Elim and what you may be eligible for? Explore the answers here.
$9,350.00 is the typical Elim Bible Institute and College’s first year financial aid package. A significant 100% of freshmen benefit from financial aid, with the main type being grants and scholarships.
Loans are included in the umbrella of ‘financial aid’, even so, the only true discount from the cost of college is a grant or scholarship that you don’t have to pay back.
Worried about the student loans that might be part of a financing offer? View the average amount of debt per student at Elim Bible Institute and College.
In addition to scholarships, 76% of first years (16 total) were awarded federal grant aid, averaging $4,452.00 each.
These grants and scholarships are made up of mainly federal grants, plus some state and local awards.
76% of first-year students at Elim Bible Institute and College (16 total) obtained a federal grant, averaging $4,452.00.
The table below demonstrates scholarship and grant allocations by income level for freshmen receiving any type of federal Title IV assistance, which includes Federal PLUS loans.
| Income Level | Percent of Freshman | Average Assistance |
|---|---|---|
| Income 0-30k | 19.05% | $9,511.00 |
| Income 30k-48k | 19.05% | $9,849.00 |
| Income 48k-75k | 9.52% | $9,642.00 |
| Income 75k-110k | 9.52% | $5,695.00 |
| Income 110k + | 4.76% | $2,048.00 |
The table above shows students who are obtaining Title IV aid, which is federal assistance from the government in the form of grants, loans, and work-study. Learn more here.
21 Elim undergrads obtain grant aid (this is about 100% of the entire undergraduate student population). The average amount these students receive is $9,350.00.
Check out the Tuition and Fees page or the Cost Per Credit Hour page to find out more.
References
More about our data sources and methodologies.