by our College Data Analytics TeamMost students will not be asked to pay 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 total cost of going to Maranatha Baptist University can seem tremendous, but do not forget that almost all students are given some form of financial help.
What financial assistance options will MBU offer you, and what will you qualify for? Read on for more information. Keep going to learn how much school funding will be available to you.
The amount of financial aid you can receive varies from person to person and will depend on your family’s economic situation. The figures below will help you estimate the aid you might receive from Maranatha Baptist University.
Financial assistance, available as scholarships, loans, and work-study, is a way schools lower the price of attendance so many students can enroll. Some kinds of aid are clearly preferable to others, and outcomes differ across students.
Among first-time, full-time freshmen at Maranatha Baptist University, 98% of entering full-time freshmen got some type of financial assistance approximately 103 new students).
| Type of Aid | % of Freshmen Receiving | Average Amount |
|---|---|---|
| Grant or scholarship aid (all sources) | 98% | $8,850 |
| Institutional grants & scholarships | 90% | $5,430 |
| Federal Pell grants | 55% | $5,447 |
| State/local grants | 19% | $3,939 |
| Federal student loans | 30% | $4,814 |
Grants and scholarships are the most valuable form of aid because, unlike loans, they never have to be repaid. At MBU, around 58% of undergraduates were awarded grant or scholarship aid averaging $8,986 (covering around 437 awardees).
| Award | % of Undergrads Receiving | Average Amount |
|---|---|---|
| Grant or scholarship aid (all sources) | 58% | $8,986 |
| Federal Pell grants | 34% | $4,873 |
| Federal student loans | 24% | $5,614 |
For students living on campus and receiving title-IV aid, grants averaged $11,087.
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 | $22,054 |
| $30,001 – $75,000 | $21,999 |
| Over $75,000 | $29,602 |
Remember these are net prices — what families pay after gift aid, not before.
Net price is the average annual cost after grants and scholarships are subtracted from the published cost of attendance — the figure closest to what a typical aid-receiving student actually pays.
| Cohort | Average Net Price |
|---|---|
| On-campus title-IV students | $26,005 |
| Off-campus title-IV students | $24,659 |
For an estimate tailored to your family circumstances, see MBU’s online cost calculator: mbu.edu/net-price-calculator/.
A typical borrower at MBU leaves with $12,375 of federal student loans.
| Metric | Amount |
|---|---|
| Median federal debt (all student-aid borrowers) | $12,375 |
| Median federal debt (graduates only) | $14,143 |
| Typical 10-year monthly payment (graduates) | $149.94/mo |
The 10-year payment estimate assumes a standard federal repayment plan and the median graduate debt amount.
Percentiles reveal the spread — half of all borrowers fall between the 25th and 75th percentiles. The four reference points below map the debt distribution at MBU.
| Percentile | Cumulative Federal Debt |
|---|---|
| 10th percentile (lowest-debt students) | $2,750 |
| 25th percentile | $5,500 |
| 75th percentile | $20,000 |
| 90th percentile (highest-debt students) | $27,000 |
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 | $13,750 |
| Middle income | $11,500 |
| High income | $14,936 |
By First-Generation Status
| Cohort | Median federal debt |
|---|---|
| First-generation students | $12,000 |
| Continuing-generation students | $12,500 |
Dependent vs Independent Students
| Cohort | Median federal debt |
|---|---|
| Dependent students | $12,000 |
| Independent students | $14,750 |
A handful of calculated indicators summarize the debt outlook at MBU.
Stafford loans are the federal government’s primary direct undergraduate lending program. The annual Stafford volume below reflects program activity at MBU:
| Metric | Value |
|---|---|
| Stafford loan recipients | 1748 |
| Total Stafford loan amount | $23,646,115 |
GI Bill and DoD Tuition Assistance are the two federal aid programs targeted at military-affiliated students.
Post-9/11 GI Bill activity
| Metric | Value |
|---|---|
| GI Bill recipients | 19 |
| Total GI Bill amount | $178,091 |
| Average GI Bill amount per recipient | $9,373 |
DoD program volume
| Metric | Value |
|---|---|
| DoD Tuition Assistance recipients | 9 |
| Total DoD amount | $12,500 |
| Average DoD amount per recipient | $1,389 |
References
More about our data sources and methodologies.