How BAC's Financial Aid Changes

All Undergraduate Students Financial Aid Over Time

The following table and chart show the trends of financial aid for all undergraduate students at Belmont Abbey College since 2013.

For that period, the average number of students who received grants aid/scholarships is 1,409, which is 91.78 % of all undergraduate students. 974 students which is 63.33% of undergraduate students received federal student loans and the average loan amount is $7,101.

Year	Grant or Scholarship^*		Pell Grants		Federal Student Loans
Year	Number Received (percent^**)	Average Amount	Number Received (percent^**)	Average Amount	Number Received (percent^**)	Average Amount
2013-14	1,465 (90%)	$7,543	831 (51%)	$4,014	1,223 (75%)	$8,105
2014-15	1,377 (88%)	$7,475	653 (42%)	$4,209	1,117 (72%)	$7,822
2015-16	1,396 (93%)	$6,879	584 (39%)	$4,086	1,043 (70%)	$7,442
2016-17	1,445 (95%)	$7,938	615 (40%)	$4,011	1,095 (72%)	$7,069
2017-18	1,406 (90%)	$8,785	545 (35%)	$4,310	1,002 (64%)	$6,927
2018-19	1,426 (92%)	$9,287	503 (32%)	$4,422	922 (59%)	$6,784
2019-20	1,385 (92%)	$9,984	460 (31%)	$4,818	832 (55%)	$6,740
2020-21	1,386 (94%)	$10,480	406 (28%)	$4,951	780 (53%)	$6,683
2021-22	1,391 (92%)	$10,753	401 (27%)	$4,928	754 (50%)	$6,338
Average	1,409 (91.78%)	$8,792	555 (36.11%)	$4,417	974 (63.33%)	$7,101

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

Overview

For the last 10 years, on average, 355 (99.22 % of students) received grants or scholarships and its average amount is $9,181. It can cover 47.08% of tuition & fees ($19,500).

In addition, 230 (65.00 % of students) students get helped from the students loans (average amount : $6,306).

Year	Grants or Scholarships^*		Student Loans
Year	Number Received (percent^**)	Average Amount	Number Received (percent^**)	Average Amount
2013-14	283 (99%)	$8,161	207 (73%)	$4,380
2014-15	287 (99%)	$7,618	202 (69%)	$6,216
2015-16	308 (100%)	$8,514	202 (66%)	$6,308
2016-17	351 (98%)	$9,166	251 (70%)	$5,884
2017-18	396 (99%)	$9,427	263 (66%)	$5,946
2018-19	388 (99%)	$10,077	238 (61%)	$6,409
2019-20	367 (100%)	$10,224	223 (61%)	$7,559
2020-21	390 (99%)	$10,177	240 (61%)	$7,517
2021-22	425 (100%)	$9,266	248 (58%)	$6,534
Average	355 (99.22%)	$9,181	230 (65.00%)	$6,306

^*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.

Grants/Scholarship

The following table shows the trends of grants or scholarships over time. For the last 10 years, on average, 112 (31.67 % of students) received Pell (federal) grants and its average amount is $4,381.

In addition, 98 students received State/local government grants/scholarships (28.00 % of students).

Year	Federal (Pell) Grants		Other Federal		State/Local government		Institutional
Year	Number Received (percent)	Average Amount	Number Received (percent)	Average Amount	Number Received (percent)	Average Amount	Number Received (percent)	Average Amount
2013-14	114 (40%)	$4,029	37 (13%)	$933	111 (39%)	$4,068	283 (99%)	$4,821
2014-15	87 (30%)	$3,831	28 (10%)	$939	95 (33%)	$4,274	262 (90%)	$5,423
2015-16	103 (33%)	$4,123	25 (8%)	$984	90 (29%)	$4,413	297 (96%)	$5,979
2016-17	111 (31%)	$4,228	30 (8%)	$948	104 (29%)	$4,676	348 (97%)	$6,417
2017-18	124 (31%)	$4,190	35 (9%)	$923	95 (24%)	$4,732	395 (99%)	$6,916
2018-19	125 (32%)	$4,334	47 (12%)	$1,046	104 (27%)	$4,976	384 (98%)	$7,295
2019-20	124 (34%)	$4,958	287 (78%)	$759	91 (25%)	$5,419	365 (99%)	$6,648
2020-21	111 (28%)	$5,002	125 (32%)	$1,671	108 (27%)	$6,191	389 (99%)	$6,520
2021-22	110 (26%)	$4,738	56 (13%)	$1,304	81 (19%)	$6,248	423 (99%)	$6,709
Average	112 (31.67%)	$4,381	74 (20.33%)	$1,056	98 (28.00%)	$5,000	350 (97.33%)	$6,303

^*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..

Student Loans

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, 230 (65.00 % of students) get any students loan help and its average loan amount is $230.

Year	Total		Federal student loans		Other student loans
Year	Number Received (percent)	Average Amount	Number Received (percent)	Average Amount	Number Received (percent)	Average Amount
2013-14	207 (73%)	$4,380	199 (70%)	$4,072	8 (3%)	$12,026
2014-15	202 (69%)	$6,216	196 (67%)	$5,669	11 (4%)	$13,134
2015-16	202 (66%)	$6,308	202 (66%)	$5,555	11 (4%)	$13,827
2016-17	251 (70%)	$5,884	227 (63%)	$5,257	24 (7%)	$11,821
2017-18	263 (66%)	$5,946	240 (60%)	$5,352	23 (6%)	$12,143
2018-19	238 (61%)	$6,409	236 (60%)	$5,393	18 (5%)	$14,030
2019-20	223 (61%)	$7,559	217 (59%)	$5,609	30 (8%)	$15,614
2020-21	240 (61%)	$7,517	234 (60%)	$5,528	35 (9%)	$14,585
2021-22	248 (58%)	$6,534	243 (57%)	$5,152	26 (6%)	$14,175
Average	230 (65.00%)	$6,306	222 (62.44%)	$5,287	21 (5.78%)	$13,484

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Scholarships, Grants, and Loan Trends at BAC

All Undergraduate Students Financial Aid Over Time

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