by our College Data Analytics TeamMost students won’t pay the advertised price of a school. Instead, they will be provided with a financial aid plan that includes a mix of scholarships, grants, loans, and work-study. But some kinds of aid are more desirable than others, and some students will get more than others.
Curious about the financial aid opportunities at School of Urban Missions and what you may be eligible for? Explore the answers here.
SUM Bible College and Theological Seminary average financial aid offer for freshmen students is $9,054.00. About 94% of first year students receive financial aid, most of which is in the form of grants and scholarships.
A financial aid package includes loans, grants, and scholarships. However, student loans have to be paid back, so they aren’t a true discount.
Concerned about the loans that may be included in your financial aid package? See the average amount of debt per student at SUM Bible College and Theological Seminary.
As well as scholarships, 74% of freshmen (52 total) obtained a federal grant, for about $5,008.00 a piece.
The numbers and the chart below reference predominantly federal grants, as well as some local and state grants.
74% of first-year students at SUM Bible College and Theological Seminary (52 total) got a federal grant, averaging $5,008.00.
The following table displays scholarship and grant allocations by family income for freshman students receiving any kind of federal Title IV assistance, such as Federal PLUS loans.
| Income Level | Percent of Freshman | Average Assistance |
|---|---|---|
| Income 0-30k | 47.14% | $7,907.00 |
| Income 30k-48k | 11.43% | $8,706.00 |
| Income 48k-75k | 15.71% | $6,459.00 |
| Income 75k-110k | 10.00% | $4,434.00 |
| Income 110k + | 1.43% | $1,214.00 |
The table above shows undergrads who are getting Title IV aid, which is federal assistance from the government in the form of grants, loans, and work-study. Learn more here.
94% of the 70 undergraduates at SUM Bible College and Theological Seminary receive some sort of grant aid. This is a total of about 66 students getting an average of $9,054.00 per person.
Check out the Tuition and Fees page or the Cost Per Credit Hour page to find out more.
References
More about our data sources and methodologies.