Scholarships, Grants, and Loan Trends at BAC

5%

Received Percent Changed

$2,733

Received Amount Changes

Over the past 10 years (2015-2023), the average number of students who received grants aid/scholarships is 1,397, which is 92.11 % of all undergraduate students. 916 students which is 60.22% of undergraduate students received federal student loans and the average loan amount is $6,924.

For full-time, first-time beginning students (freshmen), 99.22% of students received grants or scholarships and 62% of students received student loans.

All Undergraduate Students Financial Aid Over Time

The following table shows the trends of financial aid for all undergraduate students at Belmont Abbey College since 2014.

For that period, the average number of students who received grants aid/scholarships is 1,397, which is 92.11 % of all undergraduate students. 916 students which is 60.22% of undergraduate students received federal student loans and the average loan amount is $6,924.

YearGrant or Scholarship*Pell GrantsFederal Student Loans
Number Received (percent**)Average AmountNumber Received (percent**)Average AmountNumber Received (percent**)Average Amount
2014-151,377 (88%)$7,475653 (42%)$4,2091,117 (72%)$7,822
2015-161,396 (93%)$6,879584 (39%)$4,0861,043 (70%)$7,442
2016-171,445 (95%)$7,938615 (40%)$4,0111,095 (72%)$7,069
2017-181,406 (90%)$8,785545 (35%)$4,3101,002 (64%)$6,927
2018-191,426 (92%)$9,287503 (32%)$4,422922 (59%)$6,784
2019-201,385 (92%)$9,984460 (31%)$4,818832 (55%)$6,740
2020-211,386 (94%)$10,480406 (28%)$4,951780 (53%)$6,683
2021-221,391 (92%)$10,753401 (27%)$4,928754 (50%)$6,338
2022-231,365 (93%)$10,208375 (25%)$5,263700 (47%)$6,508
Average1,397 (92.11%)$9,088505 (33.22%)$4,555916 (60.22%)$6,924
*Grant or scholarship aid includes aid received, from the federal government, state or local government, the institution, and other sources known by the institution.
**percentage of number of students receiving aids among all undergraduate students.

Freshmen (First-time, Full-time Undergraduate) Financial Aid Over Time

For the last 10 years, on average, 367 (99.22 % of students) received grants or scholarships and its average amount is $9,285. It can cover 47.62% of tuition & fees ($19,500).

In addition, 229 (62.44 % of students) students get helped from the students loans (average amount : $6,623).

Year Grants or Scholarships*Student Loans
Number Received (percent**)Average AmountNumber Received (percent**)Average Amount
2014-15287 (99%)$7,618202 (69%)$6,216
2015-16308 (100%)$8,514202 (66%)$6,308
2016-17351 (98%)$9,166251 (70%)$5,884
2017-18396 (99%)$9,427263 (66%)$5,946
2018-19388 (99%)$10,077238 (61%)$6,409
2019-20367 (100%)$10,224223 (61%)$7,559
2020-21390 (99%)$10,177240 (61%)$7,517
2021-22425 (100%)$9,266248 (58%)$6,534
2022-23390 (99%)$9,098196 (50%)$7,231
Average367 (99.22%)$9,285229 (62.44%)$6,623
*Grant or scholarship aid includes aid received, from the federal government, state or local government, the institution, and other sources known by the institution.
**percentage of number of students receiving aids among all undergraduate students.

The following table shows the trends of grants or scholarships over time. For the last 10 years, on average, 110 (30.00 % of students) received Pell (federal) grants and its average amount is $4,478.

In addition, 93 students received State/local government grants/scholarships (25.67 % of students).

Year Federal (Pell) GrantsOther Federal State/Local governmentInstitutional
Number Received (percent)Average AmountNumber Received (percent)Average Amount Number Received (percent)Average AmountNumber Received (percent)Average Amount
2014-1587 (30%)$3,83128 (10%)$93995 (33%)$4,274262 (90%)$5,423
2015-16103 (33%)$4,12325 (8%)$98490 (29%)$4,413297 (96%)$5,979
2016-17111 (31%)$4,22830 (8%)$948104 (29%)$4,676348 (97%)$6,417
2017-18124 (31%)$4,19035 (9%)$92395 (24%)$4,732395 (99%)$6,916
2018-19125 (32%)$4,33447 (12%)$1,046104 (27%)$4,976384 (98%)$7,295
2019-20124 (34%)$4,958287 (78%)$75991 (25%)$5,419365 (99%)$6,648
2020-21111 (28%)$5,002125 (32%)$1,671108 (27%)$6,191389 (99%)$6,520
2021-22110 (26%)$4,73856 (13%)$1,30481 (19%)$6,248423 (99%)$6,709
2022-2398 (25%)$4,89744 (11%)$98169 (18%)$6,157390 (99%)$6,667
Average110 (30.00%)$4,47875 (20.11%)$1,06293 (25.67%)$5,232361 (97.33%)$6,508
*Grant or scholarship aid includes aid received, from the federal government, state or local government, the institution, and other sources known by the institution.
**percentage of number of students receiving aids among all undergraduate students.

The following table describes number of students and average amount of loans by loan type. The following table shows the trends of grants or scholarships over time.

For the last 10 years, on average, 229 (62.44 % of students) get any students loan help and its average loan amount is $229.

YearTotalFederal student loansOther student loans
Number Received (percent)Average AmountNumber Received (percent)Average AmountNumber Received (percent)Average Amount
2014-15202 (69%)$6,216196 (67%)$5,66911 (4%)$13,134
2015-16202 (66%)$6,308202 (66%)$5,55511 (4%)$13,827
2016-17251 (70%)$5,884227 (63%)$5,25724 (7%)$11,821
2017-18263 (66%)$5,946240 (60%)$5,35223 (6%)$12,143
2018-19238 (61%)$6,409236 (60%)$5,39318 (5%)$14,030
2019-20223 (61%)$7,559217 (59%)$5,60930 (8%)$15,614
2020-21240 (61%)$7,517234 (60%)$5,52835 (9%)$14,585
2021-22248 (58%)$6,534243 (57%)$5,15226 (6%)$14,175
2022-23196 (50%)$7,231190 (48%)$5,18028 (7%)$15,462
Average229 (62.44%)$6,623221 (60.00%)$5,41123 (6.22%)$13,866

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