by our College Data Analytics TeamFinancial aid in the form of loans, grants, work-study, and scholarships is one way colleges reduce the cost of attendance so most students can actually afford to attend.
However, some types of financial aid are definitely more desireable than others, and some students will receive more aid than others.Find out more by scrolling down the page.
Maranatha Baptist University average financial aid offer for freshmen students is $7,739.00. Financial aid is provided to about 98% of first-year students, with the bulk of support coming in the form of grants and scholarships.
A financial aid package includes loans, grants, and scholarships. However, student loans have to be paid back, so they aren’t a true discount.
A student loan isn’t a genuine college price reduction, but rather an additional cost consideration. Discover how much student loan debt from Maranatha Baptist University you could end up dealing with.
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 numbers below apply to scholarships and grants primarily provided by Maranatha Baptist University.
78% of new students (98 total) were offered scholarships at Maranatha Baptist University, averaging $4,842.00 per person. This puts it in the top 50th percentile among colleges and universities nationwide.
In addition to scholarships, 80% of first years (100 total) were awarded federal grant aid, averaging $3,875.00 each.
The table following demonstrates grant and scholarship distributions by income level for freshmen getting any sort of federally-funded Title IV aid, which includes Federal PLUS loans.
| Income Level | Percent of Freshman | Average Assistance |
|---|---|---|
| Income 0-30k | 17.60% | $10,989.00 |
| Income 30k-48k | 16.80% | $10,284.00 |
| Income 48k-75k | 16.80% | $7,122.00 |
| Income 75k-110k | 12.80% | $4,430.00 |
| Income 110k + | 4.00% | $3,055.00 |
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 125 undergraduate students at Maranatha Baptist University around 98% (112 total) receive some form of grant aid. The typical amount awarded was $7,739.00.
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.