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.
The amount of financial assistance and scholarships or grants you can get varies based on your circumstances. Keep reading to learn more to help you to know just how much aid and scholarships to expect from Bethel University.
Bethel University - Mishawaka average financial aid offer for freshmen students is $20,884.00. A significant 100% of freshmen benefit from financial aid, with the main type being grants and scholarships.
Loans are included in the umbrella of ‘financial aid’, even so, the only true discount from the cost of college is a grant or scholarship that you don’t have to pay back.
Worried about the student loans that might be part of a financing offer? View the average amount of debt per student at Bethel University - Mishawaka.
Institutional scholarships and grants are financial aid awards given by colleges and universities to help students manage tuition costs and other education-related expenses. These awards, which do not need to be repaid, can be classified as merit-based or need-based. Students who excel academically, possess unique talents, or have specific skills can be eligible for merit-based institutional scholarships. Factors such as high school performance, standardized test scores, or participation in extracurricular activities often contribute to eligibility for these scholarships. Need-based institutional grants, on the other hand, are awarded to students who demonstrate financial need. The amount given is generally based on the student’s family’s financial situation, aiming to cover the gap between the cost of attendance and the family’s capacity to pay. To assess a student’s eligibility for need-based grants, colleges and universities may rely on information from the Free Application for Federal Student Aid (FAFSA) or other financial aid forms. Institutional scholarships and grants are essential for students, as they can substantially lower college expenses and make higher education more affordable.
The numbers listed below make reference to help that is offered by Bethel University - Mishawaka.
99% of first-year students (300 total) were offered scholarships at Bethel University - Mishawaka, averaging $16,371.00 per person. This puts it the top 25th percentile among colleges and universities nationwide.
In addition to scholarships, 42% of first-year students (128 total) got federal grant aid, averaging $4,478.00 per person.
The table below demonstrates scholarship and grant allocations by income level for freshmen receiving any type of federal Title IV assistance, which includes Federal PLUS loans.
| Income Level | Percent of Freshman | Average Assistance |
|---|---|---|
| Income 0-30k | 18.81% | $26,312.00 |
| Income 30k-48k | 9.57% | $25,695.00 |
| Income 48k-75k | 15.51% | $19,920.00 |
| Income 75k-110k | 17.49% | $18,408.00 |
| Income 110k + | 13.53% | $18,245.00 |
The table above shows students who are receiving Title IV aid, which is federal assistance from the government in the form of grants, loans, and work-study. Learn more.
Of the 303 undergraduate students at Bethel University - Mishawaka around 100% (302 total) receive some form of grant aid. The typical amount awarded was $20,884.00.
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.