How Elim'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 Elim Bible Institute and College since 2015.

For that period, the average number of students who received grants aid/scholarships is 91, which is 84.86 % of all undergraduate students. 42 students which is 39.67% of undergraduate students received federal student loans and the average loan amount is $5,406.

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
2015-16	99 (84%)	$2,019	-	-	-	-
2016-17	85 (83%)	$4,622	45 (44%)	$4,638	35 (34%)	$4,356
2017-18	85 (88%)	$5,714	50 (52%)	$5,082	55 (57%)	$5,287
2018-19	100 (88%)	$6,764	57 (50%)	$4,893	59 (52%)	$6,466
2019-20	93 (88%)	$7,184	45 (42%)	$4,509	40 (38%)	$6,330
2020-21	95 (92%)	$8,717	32 (31%)	$4,550	29 (28%)	$5,564
2021-22	79 (71%)	$9,012	42 (38%)	$4,810	33 (29%)	$4,430
Average	91 (84.86%)	$6,290	45 (42.83%)	$4,747	42 (39.67%)	$5,406

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

Overview

For the last 8 years, on average, 27 (92.71 % of students) received grants or scholarships and its average amount is $6,690. It can cover 69.12% of tuition & fees ($9,678).

In addition, 11 (41.33 % of students) students get helped from the students loans (average amount : $4,572).

Year	Grants or Scholarships^*		Student Loans
Year	Number Received (percent^**)	Average Amount	Number Received (percent^**)	Average Amount
2015-16	50 (88%)	$2,397	-	-
2016-17	19 (79%)	$4,334	9 (38%)	$4,832
2017-18	27 (82%)	$6,337	18 (55%)	$4,971
2018-19	30 (100%)	$6,734	15 (50%)	$4,766
2019-20	21 (100%)	$9,350	9 (43%)	$4,887
2020-21	24 (100%)	$8,769	8 (33%)	$4,563
2021-22	17 (100%)	$8,907	5 (29%)	$3,414
Average	27 (92.71%)	$6,690	11 (41.33%)	$4,572

^*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 8 years, on average, 13 (52.17 % of students) received Pell (federal) grants and its average amount is $5,050.

In addition, 12 students received State/local government grants/scholarships (46.83 % 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
2015-16	-	-	-	-	-	-	50 (88%)	$2,397
2016-17	11 (46%)	$4,774	-	-	10 (42%)	$1,859	14 (58%)	$803
2017-18	17 (52%)	$5,346	8 (24%)	$453	15 (45%)	$2,741	20 (61%)	$1,773
2018-19	21 (70%)	$4,658	4 (13%)	$375	14 (47%)	$3,316	23 (77%)	$2,446
2019-20	10 (48%)	$5,031	14 (67%)	$1,495	13 (62%)	$3,377	18 (86%)	$4,512
2020-21	12 (50%)	$4,919	24 (100%)	$1,577	9 (38%)	$3,136	21 (88%)	$4,064
2021-22	8 (47%)	$5,573	2 (12%)	$478	8 (47%)	$4,038	16 (94%)	$4,598
Average	13 (52.17%)	$5,050	10 (43.20%)	$876	12 (46.83%)	$3,078	23 (78.86%)	$2,942

^*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 8 years, on average, 11 (41.33 % of students) get any students loan help and its average loan amount is $11.

Year	Total		Federal student loans		Other student loans
Year	Number Received (percent)	Average Amount	Number Received (percent)	Average Amount	Number Received (percent)	Average Amount
2015-16	-	-	-	-	-	-
2016-17	9 (38%)	$4,832	9 (38%)	$4,832	-	-
2017-18	18 (55%)	$4,971	18 (55%)	$4,971	-	-
2018-19	15 (50%)	$4,766	15 (50%)	$4,766	-	-
2019-20	9 (43%)	$4,887	9 (43%)	$4,887	-	-
2020-21	8 (33%)	$4,563	8 (33%)	$4,563	-	-
2021-22	5 (29%)	$3,414	5 (29%)	$3,414	-	-
Average	11 (41.33%)	$4,572	11 (41.33%)	$4,572	-	-

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Scholarships, Grants, and Loan Trends at Elim

All Undergraduate Students Financial Aid Over Time

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