by our College Data Analytics TeamMost students will never be charged 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 price of attendance at SUM Bible College and Theological Seminary can feel tremendous, but do not forget that almost all students receive some sort of financial help.
What financial assistance options will School of Urban Missions offer you, and what will you qualify for? Read on for more information. Keep reading to see how much school funding could be available to you.
Your financial aid package, which may contain grants and scholarships, will be determined on your financial need. The figures below will help you estimate the aid you might receive from SUM Bible College and Theological Seminary.
Financial assistance, available as scholarships, loans, and work-study, is a way schools lower the price of attendance so many students can enroll. Keep in mind that certain forms of assistance are more beneficial than others, and aid amounts differ from student to student.
For incoming first-year students at SUM Bible College and Theological Seminary, 55% of first-year full-time students received aid of some kind (about 18 incoming students).
| Type of Aid | % of Freshmen Receiving | Average Amount |
|---|---|---|
| Grant or scholarship aid (all sources) | 48% | $2,680 |
| Institutional grants & scholarships | 27% | $2,626 |
| Federal Pell grants | 30% | $1,840 |
| State/local grants | 0% | — |
| Federal student loans | 27% | $2,594 |
Unlike loans, grants and scholarships are gift aid that does not need to be paid back, making them the most desirable form of assistance. Here, about 57% of undergraduate students received gift aid averaging $5,208 (covering around 181 undergraduates).
| Award | % of Undergrads Receiving | Average Amount |
|---|---|---|
| Grant or scholarship aid (all sources) | 57% | $5,208 |
| Federal Pell grants | 45% | $4,487 |
| Federal student loans | 43% | $7,688 |
Among title-IV aid recipients living on campus, grant and scholarship aid averaged $3,276.
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 | $19,532 |
| $30,001 – $75,000 | $20,200 |
| Over $75,000 | $24,025 |
Each amount is the average cost remaining once grant aid is subtracted, by income band.
After grants and scholarships come off the published price, what remains is the net price — the best estimate of true out-of-pocket cost.
| Cohort | Average Net Price |
|---|---|
| On-campus title-IV students | $21,680 |
| Off-campus title-IV students | $21,042 |
For a personalized estimate based on your family’s financial situation, use School of Urban Missions’s net price calculator: www.sum.edu/net-price-calculator/.
Graduating students at School of Urban Missions carry a median federal student debt of $13,815 of federal student loans.
| Metric | Amount |
|---|---|
| Median federal debt (all student-aid borrowers) | $13,815 |
| Median federal debt (graduates only) | $26,677 |
| Typical 10-year monthly payment (graduates) | $282.82/mo |
That monthly figure reflects the median graduate debt repaid on a standard 10-year federal schedule.
The median alone does not show how widely outcomes vary across the student body. These percentiles trace how cumulative federal debt is spread among borrowers at School of Urban Missions.
| Percentile | Cumulative Federal Debt |
|---|---|
| 10th percentile (lowest-debt students) | $3,167 |
| 25th percentile | $5,756 |
| 75th percentile | $24,500 |
| 90th percentile (highest-debt students) | $38,518 |
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 | $11,441 |
| Middle income | $16,551 |
| High income | $14,883 |
By First-Generation Status
| Cohort | Median federal debt |
|---|---|
| First-generation students | $12,674 |
| Continuing-generation students | $16,551 |
Dependency-Status Comparison
| Cohort | Median federal debt |
|---|---|
| Dependent students | $14,064 |
| Independent students | $12,917 |
Federal data publishes pre-calculated indicators that summarize debt outcomes. School of Urban Missions.
The Stafford program is the federal direct-loan vehicle most undergraduates use. The aggregate figures below show how active the program is at School of Urban Missions:
| Metric | Value |
|---|---|
| Stafford loan recipients | 1798 |
| Total Stafford loan amount | $33,674,192 |
GI Bill and DoD Tuition Assistance are the two federal aid programs targeted at military-affiliated students.
Post-9/11 GI Bill recipients
| Metric | Value |
|---|---|
| GI Bill recipients | 11 |
| Total GI Bill amount | $96,895 |
| Average GI Bill amount per recipient | $8,809 |
References
More about our data sources and methodologies.