by our College Data Analytics TeamRather than paying the full sticker price for a college education, most students receive a financial aid package that eases the burden with scholarships, grants, loans, and work-study options, while the amount and type of aid may vary among students.
What financial aid options does BLC offer, and what will you qualify for? Keep scrolling for answers.
$21,573.00 is the typical Bethany Lutheran College’s first year financial aid package. Financial aid is provided to about 98% of first-year students, with the bulk of support coming in the form of grants and scholarships.
Loans are a part of financial aid plans, but the only true college discount is a scholarship or grant that you don’t have to repay.
A college loan is not a true college discount, but rather an outcome to consider. Find out how much student loan debt from Bethany Lutheran College you may end up taking on.
Financial awards given by a college or university to its students, known as institutional scholarships and grants, help to offset the cost of tuition and other education-related expenses. These awards fall into two categories: merit-based and need-based, and they do not need to be paid back. Merit-based institutional scholarships are granted to students who have shown outstanding academic accomplishments, special talents, or abilities in a particular field. Factors such as high school performance, standardized test results, or involvement in extracurricular activities often contribute to these scholarship decisions. Conversely, need-based institutional grants cater to students who demonstrate financial need. The awarded amount is typically based on the student’s family’s financial standing and is intended to cover the difference between the cost of attendance and the family’s ability to contribute. Colleges and universities might use data from the Free Application for Federal Student Aid (FAFSA) or other financial aid forms to determine a student’s eligibility for need-based grants. Institutional scholarships and grants are a vital source of financial support for students, as they can significantly reduce the cost of attending college and help make higher education more accessible.
The numbers below apply to scholarships and grants primarily provided by Bethany Lutheran College.
98% of first-year students (174 total) were offered scholarships at Bethany Lutheran College, averaging $17,894.00 per person. This puts it the top 25th percentile among colleges and universities nationwide.
In addition to scholarships, 74% of freshman students (131 total) obtained federal grant aid, averaging $2,431.00 a piece.
The table below shows grant and scholarship distributions by income for first-year students getting any sort of federally-funded Title IV aid, including Federal PLUS loans.
| Income Level | Percent of Freshman | Average Assistance |
|---|---|---|
| Income 0-30k | 10.67% | $27,670.00 |
| Income 30k-48k | 7.30% | $26,530.00 |
| Income 48k-75k | 11.80% | $25,886.00 |
| Income 75k-110k | 13.48% | $20,776.00 |
| Income 110k + | 19.10% | $16,938.00 |
The table above displays undergrads who are obtaining Title IV aid, federal aid from the government including loans, grants or work-study. Learn more here.
98% of the 178 undergraduates at Bethany Lutheran College receive some sort of grant aid. This is a total of about 174 students getting an average of $21,573.00 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.