by our College Data Analytics TeamMany students are not billed the advertised price of a school. Instead, they will be provided a financial aid package that will include a combination of scholarships, grants, loans, and work-study. The total price of attendance at Huntsville Bible College can feel overpowering, but remember that the majority of students receive some sort of financial assistance.
Just what financial aid solutions can Huntsville Bible College provide, and just what are you going to be eligible for? Keep reading for answers. Keep going to see what amount of financial assistance could be accessible to you.
Eligibility for aid and scholarships is driven mostly by your household’s income and need. Read on to get a sense of the financial assistance available at Huntsville Bible College.
Aid such as grants, loans, work-study, and scholarships helps colleges decrease the real cost of attendance for most students. Bear in mind that not all aid is equal, and the amount any one student receives can vary widely.
Unlike loans, grants and scholarships are gift aid that does not need to be paid back, making them the most desirable form of assistance. At this school, some 43% of undergraduate students received gift aid averaging $4,620 (for some 35 undergraduates).
| Award | % of Undergrads Receiving | Average Amount |
|---|---|---|
| Grant or scholarship aid (all sources) | 43% | $4,620 |
| Federal Pell grants | 43% | $4,620 |
| Federal student loans | 54% | $7,227 |
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 | $11,562 |
Each amount is the average cost remaining once grant aid is subtracted, by income band.
The median student at Huntsville Bible College graduates with $28,500 in federal loans.
| Metric | Amount |
|---|---|
| Median federal debt (all student-aid borrowers) | $28,500 |
| Median federal debt (graduates only) | $40,500 |
| Typical 10-year monthly payment (graduates) | $429.37/mo |
Spreading the median graduate debt over a standard 10-year repayment schedule works out to roughly the monthly payment shown above.
How much a student borrows depends heavily on family income, first-gen status, and dependency.
Debt by Income Tier
| Income tier | Median federal debt |
|---|---|
| Low income | $28,500 |
These indicators are derived from the underlying debt data and summarize the overall picture at Huntsville Bible College.
Stafford loans make up the bulk of federal direct lending to undergraduates. The annual Stafford volume below reflects program activity at Huntsville Bible College:
| Metric | Value |
|---|---|
| Stafford loan recipients | 281 |
| Total Stafford loan amount | $8,852,216 |
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 | 7 |
| Total GI Bill amount | $19,000 |
| Average GI Bill amount per recipient | $2,714 |
References
More about our data sources and methodologies.