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.
Interested in understanding the financial aid resources available at Bethel University Minnesota and your eligibility? Find the answers you seek below.
Bethel University Minnesota average financial aid offer for freshmen students is $23,655.00. A significant 99% of freshmen benefit from financial aid, with the main type being grants and scholarships.
Financial aid helps reduce the cost, or the full retail price of the college. However, be aware that the only true college discount is scholarships & grants.
Concerned about the student loans that might be part of your financing deal? Look at the average amount of debt per student at Bethel University Minnesota.
Colleges and universities offer institutional scholarships and grants as financial assistance to help students cover tuition fees and other educational costs. These awards, which do not require repayment, can be merit-based or need-based. Merit-based institutional scholarships recognize students who have exceptional academic records, special talents, or skills in particular areas. Eligibility for these scholarships often depends on factors such as a student’s high school performance, standardized test scores, or involvement in extracurricular activities. In contrast, need-based institutional grants are designed for students who show financial need. The amount awarded usually depends on the student’s family’s financial condition and aims.
The following numbers pertain to assistance that is supplied by Bethel University Minnesota.
99% of incoming freshmen (577 total) were awarded scholarships at Bethel University Minnesota, averaging $20,462.00 a piece. This puts it the top 25th percentile among colleges and universities nationwide.
As well as scholarships, 23% of freshmen (135 total) obtained a federal grant, for about $4,881.00 a piece.
The table shows scholarship and grant allocations by income for first-year students receiving any type of federal Title IV assistance, including Federal PLUS loans.
| Income Level | Percent of Freshman | Average Assistance |
|---|---|---|
| Income 0-30k | 5.17% | $31,410.00 |
| Income 30k-48k | 6.72% | $31,467.00 |
| Income 48k-75k | 11.38% | $29,159.00 |
| Income 75k-110k | 16.72% | $25,594.00 |
| Income 110k + | 31.21% | $19,671.00 |
The table above displays students who are getting Title IV aid, federal aid from the government including loans, grants or work-study. Get more info on Title IV here.
577 Bethel University Minnesota undergrads obtain grant aid (this is about 99% of the entire undergraduate student population). The average amount these students receive is $23,655.00.
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.