Scholarships, Grants, and Loan Trends at VBC

7%

Received Percent Changed

-$2,210

Received Amount Changes

Over the past 10 years (2015-2023), the average number of students who received grants aid/scholarships is 61, which is 43.11 % of all undergraduate students. 23 students which is 16.78% of undergraduate students received federal student loans and the average loan amount is $5,192.

For full-time, first-time beginning students (freshmen), 67.11% of students received grants or scholarships and 30% 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 Veritas Baptist College since 2014.

For that period, the average number of students who received grants aid/scholarships is 61, which is 43.11 % of all undergraduate students. 23 students which is 16.78% of undergraduate students received federal student loans and the average loan amount is $5,192.

YearGrant or Scholarship*Pell GrantsFederal Student Loans
Number Received (percent**)Average AmountNumber Received (percent**)Average AmountNumber Received (percent**)Average Amount
2014-1531 (38%)$3,65922 (27%)$4,29514 (17%)$7,714
2015-1639 (46%)$3,35933 (39%)$3,70619 (23%)$6,925
2016-1737 (44%)$3,55330 (35%)$4,03720 (24%)$6,929
2017-1898 (50%)$3,36485 (43%)$3,69560 (31%)$5,358
2018-1970 (40%)$1,83965 (37%)$1,88927 (16%)$7,412
2019-2085 (45%)$1,76473 (38%)$1,96122 (12%)$3,268
2020-2171 (39%)$1,81761 (34%)$1,96617 (9%)$3,469
2021-2257 (41%)$1,56545 (32%)$1,91514 (10%)$2,848
2022-2362 (45%)$1,44946 (33%)$1,88112 (9%)$2,803
Average61 (43.11%)$2,48551 (35.33%)$2,81623 (16.78%)$5,192
*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, 7 (67.11 % of students) received grants or scholarships and its average amount is $3,155. It can cover 32.49% of tuition & fees ($9,712).

In addition, 4 (29.83 % of students) students get helped from the students loans (average amount : $4,471).

Year Grants or Scholarships*Student Loans
Number Received (percent**)Average AmountNumber Received (percent**)Average Amount
2014-156 (75%)$3,6753 (38%)$5,500
2015-165 (83%)$2,5282 (33%)$7,500
2016-174 (80%)$4,7162 (40%)$4,750
2017-1819 (76%)$4,45610 (40%)$3,700
2018-199 (53%)$2,2593 (18%)$4,500
2019-206 (60%)$2,0111 (10%)$875
2020-213 (60%)$2,830--
2021-224 (57%)$2,402--
2022-233 (60%)$3,522--
Average7 (67.11%)$3,1554 (29.83%)$4,471
*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, 6 (58.00 % of students) received Pell (federal) grants and its average amount is $3,391.

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
2014-155 (63%)$4,060----4 (50%)$438
2015-164 (67%)$3,035----1 (17%)$500
2016-174 (80%)$4,615----1 (20%)$405
2017-1819 (76%)$4,426----4 (16%)$146
2018-199 (53%)$2,229----1 (6%)$270
2019-204 (40%)$2,792----4 (40%)$224
2020-213 (60%)$2,623----2 (40%)$310
2021-223 (43%)$2,365----3 (43%)$837
2022-232 (40%)$4,370----3 (60%)$609
Average6 (58.00%)$3,391----3 (32.44%)$415
*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, 4 (29.83 % of students) get any students loan help and its average loan amount is $4.

YearTotalFederal student loansOther student loans
Number Received (percent)Average AmountNumber Received (percent)Average AmountNumber Received (percent)Average Amount
2014-153 (38%)$5,5003 (38%)$5,500--
2015-162 (33%)$7,5002 (33%)$7,500--
2016-172 (40%)$4,7502 (40%)$4,750--
2017-1810 (40%)$3,70010 (40%)$3,700--
2018-193 (18%)$4,5003 (18%)$4,500--
2019-201 (10%)$8751 (10%)$875--
2020-21------
2021-22------
2022-23------
Average4 (29.83%)$4,4714 (29.83%)$4,471--

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