by our College Data Analytics TeamThe majority of students are not billed 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 Manna University can appear tremendous, but do not forget that almost all students obtain some kind of financial help.
Just what financing solutions does Grace College of Divinity provide, and just what are you going to be eligible for? Keep scrolling for answers. Read on to discover how much school funding could be available to you.
The amount of financial aid and scholarships you are eligible for will vary depending on your family’s income. The information provided on this page can help you determine how much aid you may receive from Manna University.
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.
Looking at the entering class at Manna University, 50% of first-time, full-time freshmen received some form of financial aid around 3 new students).
| Type of Aid | % of Freshmen Receiving | Average Amount |
|---|---|---|
| Grant or scholarship aid (all sources) | 33% | $5,047 |
| Institutional grants & scholarships | 33% | $2,474 |
| Federal Pell grants | 17% | $5,146 |
| State/local grants | 0% | — |
| Federal student loans | 33% | $4,454 |
Grants and scholarships are the most valuable form of aid because, unlike loans, they never have to be repaid. Across the undergraduate body at Grace College of Divinity, some 33% of the undergraduate population received grant aid that averaged $3,954 (covering around 57 undergraduates).
| Award | % of Undergrads Receiving | Average Amount |
|---|---|---|
| Grant or scholarship aid (all sources) | 33% | $3,954 |
| Federal Pell grants | 33% | $3,936 |
| Federal student loans | 18% | $6,332 |
On-campus students receiving title-IV aid were awarded grants averaging $2,573.
The figures below show the average net price — cost after all grant and scholarship aid — broken out by family income.
| Family Income | Average Net Price |
|---|---|
| $0 – $48,000 | $16,723 |
| $30,001 – $75,000 | $16,723 |
| Over $75,000 | $23,618 |
Each figure is the net price after grants and scholarships, not the published sticker price.
The net price represents the average annual cost a title-IV-receiving student pays after grant aid is subtracted from the full cost of attendance.
| Cohort | Average Net Price |
|---|---|
| On-campus title-IV students | $15,210 |
| Off-campus title-IV students | $8,621 |
For an estimate tailored to your family circumstances, see Grace College of Divinity’s online cost calculator: manna.edu/net-price-calculator/.
The median student at Grace College of Divinity graduates with $9,500 in federal loans.
| Metric | Amount |
|---|---|
| Median federal debt (all student-aid borrowers) | $9,500 |
| Median federal debt (graduates only) | $13,450 |
| Typical 10-year monthly payment (graduates) | $142.59/mo |
Under a standard ten-year plan, the median graduate’s monthly payment lands near the figure above.
The figures below break down median federal debt by income tier, first-generation status, and dependency.
By Family Income
| Income tier | Median federal debt |
|---|---|
| Middle income | $8,944 |
Dependent vs Independent Students
| Cohort | Median federal debt |
|---|---|
| Dependent students | $6,500 |
| Independent students | $11,584 |
The figure below distills the debt data into a single burden category for Grace College of Divinity.
Stafford loans make up the bulk of federal direct lending to undergraduates. The totals below capture Stafford lending at Grace College of Divinity:
| Metric | Value |
|---|---|
| Stafford loan recipients | 204 |
| Total Stafford loan amount | $2,881,080 |
The GI Bill and DoD Tuition Assistance are the main federal aid routes for veterans and service members.
GI Bill volume
| Metric | Value |
|---|---|
| GI Bill recipients | 21 |
| Total GI Bill amount | $133,248 |
| Average GI Bill amount per recipient | $6,345 |
DoD Tuition Assistance activity
| Metric | Value |
|---|---|
| DoD Tuition Assistance recipients | 8 |
| Total DoD amount | $15,990 |
| Average DoD amount per recipient | $1,999 |
References
More about our data sources and methodologies.