Scholarships, Grants, and Loan Trends at Biola

3%

Received Percent Changed

$8,490

Received Amount Changes

Over the past 10 years (2015-2023), the average number of students who received grants aid/scholarships is 3,714, which is 95.89 % of all undergraduate students. 2,117 students which is 54.11% of undergraduate students received federal student loans and the average loan amount is $6,718.

For full-time, first-time beginning students (freshmen), 98.67% of students received grants or scholarships and 55% 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 Biola University since 2014.

For that period, the average number of students who received grants aid/scholarships is 3,714, which is 95.89 % of all undergraduate students. 2,117 students which is 54.11% of undergraduate students received federal student loans and the average loan amount is $6,718.

YearGrant or Scholarship*Pell GrantsFederal Student Loans
Number Received (percent**)Average AmountNumber Received (percent**)Average AmountNumber Received (percent**)Average Amount
2014-153,974 (91%)$16,9971,383 (32%)$4,2992,680 (61%)$6,839
2015-163,884 (93%)$18,1431,311 (31%)$4,3392,503 (60%)$7,044
2016-174,018 (99%)$19,0201,221 (30%)$4,3522,402 (59%)$6,890
2017-183,900 (99%)$20,5631,254 (32%)$4,4652,345 (59%)$6,845
2018-193,793 (98%)$22,4571,177 (30%)$4,6242,179 (56%)$6,667
2019-203,751 (96%)$22,8431,081 (28%)$4,9102,100 (54%)$6,506
2020-213,454 (99%)$26,511952 (27%)$4,9601,665 (48%)$6,341
2021-223,366 (94%)$23,947928 (26%)$5,1991,617 (45%)$6,663
2022-233,288 (94%)$25,487910 (26%)$5,4901,563 (45%)$6,670
Average3,714 (95.89%)$21,7741,135 (29.11%)$4,7382,117 (54.11%)$6,718
*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, 791 (98.67 % of students) received grants or scholarships and its average amount is $22,213. It can cover 45.35% of tuition & fees ($48,984).

In addition, 450 (55.33 % of students) students get helped from the students loans (average amount : $7,959).

Year Grants or Scholarships*Student Loans
Number Received (percent**)Average AmountNumber Received (percent**)Average Amount
2014-15894 (95%)$14,864581 (62%)$7,755
2015-16793 (97%)$16,654518 (64%)$7,595
2016-17841 (99%)$18,028517 (61%)$8,661
2017-18865 (99%)$20,950543 (62%)$8,207
2018-19838 (99%)$22,704485 (57%)$8,267
2019-20873 (99%)$23,678483 (55%)$9,137
2020-21690 (100%)$28,421334 (48%)$6,930
2021-22634 (100%)$26,521292 (46%)$7,941
2022-23691 (100%)$28,096301 (43%)$7,140
Average791 (98.67%)$22,213450 (55.33%)$7,959
*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, 217 (26.89 % of students) received Pell (federal) grants and its average amount is $4,819.

In addition, 198 students received State/local government grants/scholarships (24.67 % 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
2014-15292 (31%)$4,299108 (11%)$945234 (25%)$7,751893 (95%)$11,330
2015-16243 (30%)$4,415139 (17%)$947212 (26%)$7,727793 (97%)$13,069
2016-17229 (27%)$4,45580 (9%)$935215 (25%)$8,087841 (99%)$14,659
2017-18263 (30%)$4,62493 (11%)$878243 (28%)$8,028865 (99%)$17,195
2018-19233 (28%)$4,66696 (11%)$997218 (26%)$7,914838 (99%)$19,233
2019-20196 (22%)$5,072205 (23%)$1,527197 (22%)$8,065873 (99%)$20,360
2020-21166 (24%)$5,296106 (15%)$1,341163 (24%)$8,147690 (100%)$25,016
2021-22156 (25%)$5,14154 (9%)$1,499149 (24%)$8,333634 (100%)$23,170
2022-23172 (25%)$5,40155 (8%)$1,682151 (22%)$8,659691 (100%)$24,726
Average217 (26.89%)$4,819104 (12.67%)$1,195198 (24.67%)$8,079791 (98.67%)$18,751
*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, 450 (55.33 % of students) get any students loan help and its average loan amount is $450.

YearTotalFederal student loansOther student loans
Number Received (percent)Average AmountNumber Received (percent)Average AmountNumber Received (percent)Average Amount
2014-15581 (62%)$7,755577 (61%)$5,82292 (10%)$12,464
2015-16518 (64%)$7,595514 (63%)$5,78194 (12%)$10,240
2016-17517 (61%)$8,661506 (60%)$5,468102 (12%)$16,772
2017-18543 (62%)$8,207535 (61%)$5,50683 (10%)$18,204
2018-19485 (57%)$8,267479 (57%)$5,26477 (9%)$19,324
2019-20483 (55%)$9,137474 (54%)$5,34397 (11%)$19,387
2020-21334 (48%)$6,930326 (47%)$4,89747 (7%)$15,279
2021-22292 (46%)$7,941288 (45%)$5,23142 (7%)$19,337
2022-23301 (43%)$7,140297 (43%)$5,21737 (5%)$16,208
Average450 (55.33%)$7,959444 (54.56%)$5,39275 (9.22%)$16,357

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