by our College Data Analytics TeamThe majority of college students don’t pay the full price for their education, as financial aid packages, including scholarships, grants, loans, and work-study opportunities, help to offset the costs.
Curious about the financial aid opportunities at Lancaster Bible College and what you may be eligible for? Explore the answers here.
Lancaster Bible College average financial aid offer for freshmen students is $15,936.00. 99% of reshman students get financial aid, most of which is in the form of grants and scholarships
Financial aid contains loans, grants, and scholarships. But college loans need to be repaid, thus they are not a real college discount.
We feel that loan debt ought to be regarded as a consequence instead of true financial aid. Learn more on student loan debt at Lancaster Bible College.
Institutional scholarships and grants refer to financial aid provided directly by a college or university to support students in covering their educational expenses. These awards can be either merit-based or need-based and do not require repayment. Merit-based institutional scholarships reward students who have demonstrated exceptional academic achievements, talents, or skills in specific areas. Such scholarships often take into account a student’s high school performance, standardized test scores, or extracurricular activities. On the other hand, need-based institutional grants are allocated to students who exhibit financial need. The amount awarded is usually determined by the student’s family’s financial circumstances and aims to cover the difference between the cost of attendance and the family’s capacity to pay. To assess eligibility for need-based grants, colleges and universities may use information from the Free Application for Federal Student Aid (FAFSA) or other financial aid forms. Institutional scholarships and grants play a crucial role in assisting students, as they can considerably lower the cost of college and make higher education more attainable.
The numbers below apply to scholarships and grants primarily provided by Lancaster Bible College.
99% of incoming freshmen (164 total) were awarded scholarships at Lancaster Bible College, averaging $12,321.00 a piece. This puts it the top 25th percentile among colleges and universities nationwide.
In addition to scholarships, 73% of first-year students (121 total) got federal grant aid, averaging $2,829.00 per person.
Amount of Financial Assistance Per Income Level
| Income Level | Percent of Freshman | Average Assistance |
|---|---|---|
| Income 0-30k | 10.84% | $18,336.00 |
| Income 30k-48k | 5.42% | $22,657.00 |
| Income 48k-75k | 22.89% | $16,700.00 |
| Income 75k-110k | 22.89% | $13,097.00 |
| Income 110k + | 13.86% | $10,351.00 |
The table above shows students who are obtaining Title IV aid, which is federal assistance from the government in the form of grants, loans, and work-study. Learn more here.
99% of the 166 undergraduates at Lancaster Bible College receive some sort of grant aid. This is a total of about 164 students getting an average of $15,936.00 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.