by our College Data Analytics TeamA lot of 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 cost of going to Nazarene Bible College can seem overwhelming, but bear in mind that many students are given some form of financial aid.
What financial assistance options will Nazarene Bible College offer you, and what will you qualify for? Read on for more information. Read on to discover how much school funding could be available to you.
How much aid you qualify for depends largely on your family’s financial circumstances. The information provided on this page can help you determine how much aid you may receive from Nazarene Bible College.
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.
Because grants and scholarships do not have to be repaid, they are the most sought-after type of financial aid. Here, around 69% of the undergraduate population received grant aid that averaged $1,686 (covering around 401 undergraduates).
| Award | % of Undergrads Receiving | Average Amount |
|---|---|---|
| Grant or scholarship aid (all sources) | 69% | $1,686 |
| Federal Pell grants | 15% | $4,627 |
| Federal student loans | 11% | $4,513 |
Graduating students at Nazarene Bible College carry a median federal student debt of $17,106 in federal loans.
| Metric | Amount |
|---|---|
| Median federal debt (all student-aid borrowers) | $17,106 |
| Median federal debt (graduates only) | $34,787 |
| Typical 10-year monthly payment (graduates) | $368.8/mo |
The 10-year payment estimate assumes a standard federal repayment plan and the median graduate debt amount.
A single median figure conceals how much debt outcomes differ student to student. The four reference points below map the debt distribution at Nazarene Bible College.
| Percentile | Cumulative Federal Debt |
|---|---|
| 10th percentile (lowest-debt students) | $3,167 |
| 25th percentile | $6,334 |
| 75th percentile | $32,033 |
| 90th percentile (highest-debt students) | $42,698 |
Median debt varies by family income, by first-generation status, and by dependency status.
Median Debt by Income Bracket
| Income tier | Median federal debt |
|---|---|
| Low income | $13,905 |
| Middle income | $19,779 |
| High income | $22,959 |
First-Generation Comparison
| Cohort | Median federal debt |
|---|---|
| First-generation students | $17,434 |
| Continuing-generation students | $10,750 |
Dependency-Status Comparison
| Cohort | Median federal debt |
|---|---|
| Dependent students | $7,373 |
| Independent students | $18,490 |
The figure below distills the debt data into a single burden category for Nazarene Bible College.
Most undergraduate borrowing runs through the federal Stafford loan program. The totals below capture Stafford lending at Nazarene Bible College:
| Metric | Value |
|---|---|
| Stafford loan recipients | 1946 |
| Total Stafford loan amount | $43,765,173 |
The GI Bill and DoD Tuition Assistance are the main federal aid routes for veterans and service members.
Post-9/11 GI Bill recipients
| Metric | Value |
|---|---|
| GI Bill recipients | 15 |
| Total GI Bill amount | $58,392 |
| Average GI Bill amount per recipient | $3,893 |
DoD program volume
| Metric | Value |
|---|---|
| DoD Tuition Assistance recipients | 2 |
| Total DoD amount | $6,750 |
| Average DoD amount per recipient | $3,375 |
References
More about our data sources and methodologies.