How Biola'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 Biola University since 2013.

For that period, the average number of students who received grants aid/scholarships is 3,785, which is 95.56 % of all undergraduate students. 2,241 students which is 56.00% of undergraduate students received federal student loans and the average loan amount is $6,738.

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	3,929 (91%)	$16,459	1,347 (31%)	$4,232	2,675 (62%)	$6,849
2014-15	3,974 (91%)	$16,997	1,383 (32%)	$4,299	2,680 (61%)	$6,839
2015-16	3,884 (93%)	$18,143	1,311 (31%)	$4,339	2,503 (60%)	$7,044
2016-17	4,018 (99%)	$19,020	1,221 (30%)	$4,352	2,402 (59%)	$6,890
2017-18	3,900 (99%)	$20,563	1,254 (32%)	$4,465	2,345 (59%)	$6,845
2018-19	3,793 (98%)	$22,457	1,177 (30%)	$4,624	2,179 (56%)	$6,667
2019-20	3,751 (96%)	$22,843	1,081 (28%)	$4,910	2,100 (54%)	$6,506
2020-21	3,454 (99%)	$26,511	952 (27%)	$4,960	1,665 (48%)	$6,341
2021-22	3,366 (94%)	$23,947	928 (26%)	$5,199	1,617 (45%)	$6,663
Average	3,785 (95.56%)	$20,771	1,184 (29.67%)	$4,598	2,241 (56.00%)	$6,738

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

Overview

For the last 10 years, on average, 807 (97.78 % of students) received grants or scholarships and its average amount is $20,658. It can cover 44.23% of tuition & fees ($46,704).

In addition, 479 (57.44 % of students) students get helped from the students loans (average amount : $8,089).

Year	Grants or Scholarships^*		Student Loans
Year	Number Received (percent^**)	Average Amount	Number Received (percent^**)	Average Amount
2013-14	832 (92%)	$14,104	560 (62%)	$8,311
2014-15	894 (95%)	$14,864	581 (62%)	$7,755
2015-16	793 (97%)	$16,654	518 (64%)	$7,595
2016-17	841 (99%)	$18,028	517 (61%)	$8,661
2017-18	865 (99%)	$20,950	543 (62%)	$8,207
2018-19	838 (99%)	$22,704	485 (57%)	$8,267
2019-20	873 (99%)	$23,678	483 (55%)	$9,137
2020-21	690 (100%)	$28,421	334 (48%)	$6,930
2021-22	634 (100%)	$26,521	292 (46%)	$7,941
Average	807 (97.78%)	$20,658	479 (57.44%)	$8,089

^*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, 224 (27.00 % of students) received Pell (federal) grants and its average amount is $4,677.

In addition, 203 students received State/local government grants/scholarships (24.67 % 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	236 (26%)	$4,122	77 (9%)	$1,322	194 (22%)	$8,172	830 (92%)	$10,933
2014-15	292 (31%)	$4,299	108 (11%)	$945	234 (25%)	$7,751	893 (95%)	$11,330
2015-16	243 (30%)	$4,415	139 (17%)	$947	212 (26%)	$7,727	793 (97%)	$13,069
2016-17	229 (27%)	$4,455	80 (9%)	$935	215 (25%)	$8,087	841 (99%)	$14,659
2017-18	263 (30%)	$4,624	93 (11%)	$878	243 (28%)	$8,028	865 (99%)	$17,195
2018-19	233 (28%)	$4,666	96 (11%)	$997	218 (26%)	$7,914	838 (99%)	$19,233
2019-20	196 (22%)	$5,072	205 (23%)	$1,527	197 (22%)	$8,065	873 (99%)	$20,360
2020-21	166 (24%)	$5,296	106 (15%)	$1,341	163 (24%)	$8,147	690 (100%)	$25,016
2021-22	156 (25%)	$5,141	54 (9%)	$1,499	149 (24%)	$8,333	634 (100%)	$23,170
Average	224 (27.00%)	$4,677	106 (12.78%)	$1,155	203 (24.67%)	$8,025	806 (97.78%)	$17,218

^*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, 479 (57.44 % of students) get any students loan help and its average loan amount is $479.

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	560 (62%)	$8,311	555 (62%)	$5,702	126 (14%)	$11,820
2014-15	581 (62%)	$7,755	577 (61%)	$5,822	92 (10%)	$12,464
2015-16	518 (64%)	$7,595	514 (63%)	$5,781	94 (12%)	$10,240
2016-17	517 (61%)	$8,661	506 (60%)	$5,468	102 (12%)	$16,772
2017-18	543 (62%)	$8,207	535 (61%)	$5,506	83 (10%)	$18,204
2018-19	485 (57%)	$8,267	479 (57%)	$5,264	77 (9%)	$19,324
2019-20	483 (55%)	$9,137	474 (54%)	$5,343	97 (11%)	$19,387
2020-21	334 (48%)	$6,930	326 (47%)	$4,897	47 (7%)	$15,279
2021-22	292 (46%)	$7,941	288 (45%)	$5,231	42 (7%)	$19,337
Average	479 (57.44%)	$8,089	473 (56.67%)	$5,446	84 (10.22%)	$15,870

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Scholarships, Grants, and Loan Trends at Biola

All Undergraduate Students Financial Aid Over Time

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