by our College Data Analytics TeamA lot of students will never be charged 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 Midwestern Baptist Theological Seminary can feel overpowering, but remember that the majority of students receive some sort of financial assistance.
What financial aid options can MBTS offer, and what will you qualify for? Keep reading for more information. Keep going to discover just how much financial aid could be open 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 Midwestern Baptist Theological Seminary.
Aid such as grants, loans, work-study, and scholarships helps colleges decrease the real cost of attendance for most students. However, some types of aid are more desirable than others, and some students will receive more than others.
At Midwestern Baptist Theological Seminary, 72% of new full-time first-years were awarded at least some aid roughly 50 incoming students).
| Type of Aid | % of Freshmen Receiving | Average Amount |
|---|---|---|
| Grant or scholarship aid (all sources) | 67% | $5,476 |
| Institutional grants & scholarships | 57% | $2,427 |
| Federal Pell grants | 46% | $4,727 |
| State/local grants | 0% | — |
| Federal student loans | 45% | $5,164 |
Grants and scholarships are the most valuable form of aid because, unlike loans, they never have to be repaid. At this school, approximately 39% of undergraduates were awarded an average grant or scholarship of $6,173 (across roughly 420 awardees).
| Award | % of Undergrads Receiving | Average Amount |
|---|---|---|
| Grant or scholarship aid (all sources) | 39% | $6,173 |
| Federal Pell grants | 30% | $6,341 |
| Federal student loans | 24% | $7,307 |
Among title-IV aid recipients living on campus, grant and scholarship aid averaged $6,074.
Because need-based aid scales with family income, what students actually pay differs sharply across income brackets.
| Family Income | Average Net Price |
|---|---|
| $0 – $48,000 | $24,225 |
| $30,001 – $75,000 | $25,599 |
| Over $75,000 | $27,979 |
Remember these are net prices — what families pay after gift aid, not before.
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 | $23,006 |
| Off-campus title-IV students | $25,140 |
To project your own net price, use MBTS’s online cost calculator: www.mbts.edu/future-students/cost-and-aid/costs-calculator/.
Graduating students at MBTS carry a median federal student debt of $9,995 of federal borrowing.
| Metric | Amount |
|---|---|
| Median federal debt (all student-aid borrowers) | $9,995 |
| Median federal debt (graduates only) | $15,675 |
| Typical 10-year monthly payment (graduates) | $166.18/mo |
At a typical 10-year repayment schedule, the median graduate would pay about the monthly figure above.
Looking only at the median can be misleading because it hides the spread. The percentiles below describe the cumulative federal debt distribution for borrowers at MBTS.
| Percentile | Cumulative Federal Debt |
|---|---|
| 10th percentile (lowest-debt students) | $1,750 |
| 25th percentile | $3,000 |
| 75th percentile | $16,250 |
| 90th percentile (highest-debt students) | $27,000 |
Debt outcomes are not uniform — they shift with income, first-generation status, and dependency.
By Family Income
| Income tier | Median federal debt |
|---|---|
| Low income | $10,125 |
| Middle income | $11,000 |
| High income | $7,375 |
First-Generation Comparison
| Cohort | Median federal debt |
|---|---|
| First-generation students | $9,750 |
| Continuing-generation students | $11,000 |
Dependent vs Independent Students
| Cohort | Median federal debt |
|---|---|
| Dependent students | $8,750 |
| Independent students | $10,875 |
Federal data publishes pre-calculated indicators that summarize debt outcomes. MBTS.
Stafford loans make up the bulk of federal direct lending to undergraduates. The annual Stafford volume below reflects program activity at MBTS:
| Metric | Value |
|---|---|
| Stafford loan recipients | 2171 |
| Total Stafford loan amount | $55,784,397 |
Veterans and active-duty service members may qualify for the Post-9/11 GI Bill or DoD Tuition Assistance.
Post-9/11 GI Bill recipients
| Metric | Value |
|---|---|
| GI Bill recipients | 102 |
| Total GI Bill amount | $576,793 |
| Average GI Bill amount per recipient | $5,655 |
DoD Tuition Assistance activity
| Metric | Value |
|---|---|
| DoD Tuition Assistance recipients | 11 |
| Total DoD amount | $13,500 |
| Average DoD amount per recipient | $1,227 |
References
More about our data sources and methodologies.