by our College Data Analytics TeamThe majority of students will not be asked to pay the complete price tag of a school. Rather, they are presented a financial aid deal that includes a mix of loans, grants, scholarships, and possibly work-study opportunities. The price tag of going to Faith Baptist Bible College and Theological Seminary can appear overpowering, but remember that the majority of students obtain some kind of financial assistance.
What financial aid options can FBBC&TS offer, and what will you qualify for? Keep reading for more information. Keep reading to discover what amount of financial assistance could be accessible 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 Faith Baptist Bible College and Theological Seminary.
Aid such as grants, loans, work-study, and scholarships helps colleges decrease the real cost of attendance for most students. Some kinds of aid are clearly preferable to others, and outcomes differ across students.
For incoming first-year students at Faith Baptist Bible College and Theological Seminary, 98% of the incoming full-time class was awarded financial aid approximately 119 freshmen).
| Type of Aid | % of Freshmen Receiving | Average Amount |
|---|---|---|
| Grant or scholarship aid (all sources) | 97% | $13,168 |
| Institutional grants & scholarships | 96% | $8,825 |
| Federal Pell grants | 48% | $5,554 |
| State/local grants | 22% | $7,378 |
| Federal student loans | 34% | $4,718 |
The best aid is gift aid: grants and scholarships that carry no repayment obligation. Across the undergraduate body at FBBC&TS, about 74% of undergraduates were awarded grant or scholarship aid averaging $14,369 (covering around 383 recipients).
| Award | % of Undergrads Receiving | Average Amount |
|---|---|---|
| Grant or scholarship aid (all sources) | 74% | $14,369 |
| Federal Pell grants | 35% | $5,263 |
| Federal student loans | 21% | $5,488 |
On-campus students receiving title-IV aid were awarded grants averaging $16,440.
Since aid is largely need-based, the real cost of attendance falls steeply for lower-income families.
| Family Income | Average Net Price |
|---|---|
| $0 – $48,000 | $15,752 |
| $30,001 – $75,000 | $16,543 |
| Over $75,000 | $21,778 |
These figures reflect what title-IV aid recipients pay after grant and scholarship aid is applied.
Net price is the cost remaining after grant and scholarship aid is subtracted from the sticker price, and it is the most useful single number for estimating real cost.
| Cohort | Average Net Price |
|---|---|
| On-campus title-IV students | $16,282 |
| Off-campus title-IV students | $17,819 |
For a customized cost estimate, visit FBBC&TS’s NPC: faith.edu/net-price-calculator/.
A typical borrower at FBBC&TS leaves with $8,750 of federal student loans.
| Metric | Amount |
|---|---|
| Median federal debt (all student-aid borrowers) | $8,750 |
| Median federal debt (graduates only) | $12,971 |
| Typical 10-year monthly payment (graduates) | $137.51/mo |
At a typical 10-year repayment schedule, the median graduate would pay about the monthly figure above.
The median alone does not show how widely outcomes vary across the student body. These percentiles trace how cumulative federal debt is spread among borrowers at FBBC&TS.
| Percentile | Cumulative Federal Debt |
|---|---|
| 25th percentile | $5,500 |
| 75th percentile | $17,900 |
Outcomes differ by income bracket, by first-generation status, and by whether a student is financially dependent.
Debt by Income Tier
| Income tier | Median federal debt |
|---|---|
| Middle income | $10,000 |
First-Generation Comparison
| Cohort | Median federal debt |
|---|---|
| First-generation students | $8,750 |
| Continuing-generation students | $8,625 |
A handful of calculated indicators summarize the debt outlook at FBBC&TS.
Stafford loans make up the bulk of federal direct lending to undergraduates. Below is the annual Stafford program activity at FBBC&TS:
| Metric | Value |
|---|---|
| Stafford loan recipients | 740 |
| Total Stafford loan amount | $8,296,280 |
GI Bill and DoD Tuition Assistance are the two federal aid programs targeted at military-affiliated students.
Post-9/11 GI Bill recipients
| Metric | Value |
|---|---|
| GI Bill recipients | 10 |
| Total GI Bill amount | $85,161 |
| Average GI Bill amount per recipient | $8,516 |
DoD program volume
| Metric | Value |
|---|---|
| DoD Tuition Assistance recipients | 0 |
| Total DoD amount | $0 |
References
More about our data sources and methodologies.