How MBTS'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 Midwestern Baptist Theological Seminary since 2013.

For that period, the average number of students who received grants aid/scholarships is 272, which is 51.78 % of all undergraduate students. 199 students which is 38.67% of undergraduate students received federal student loans and the average loan amount is $7,218.

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	159 (61%)	$4,266	114 (44%)	$4,021	105 (40%)	$6,548
2014-15	225 (64%)	$7,735	143 (41%)	$3,614	147 (42%)	$6,201
2015-16	208 (55%)	$4,156	137 (36%)	$3,512	178 (47%)	$7,097
2016-17	228 (56%)	$5,205	145 (36%)	$5,434	226 (56%)	$9,261
2017-18	253 (50%)	$4,134	186 (37%)	$3,657	177 (35%)	$7,250
2018-19	255 (45%)	$4,906	195 (35%)	$5,509	196 (35%)	$7,382
2019-20	317 (47%)	$6,510	227 (34%)	$7,316	229 (34%)	$6,956
2020-21	353 (40%)	$5,503	275 (31%)	$5,430	263 (30%)	$6,898
2021-22	453 (48%)	$5,427	306 (32%)	$5,723	274 (29%)	$7,372
Average	272 (51.78%)	$5,316	192 (36.22%)	$4,913	199 (38.67%)	$7,218

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

Overview

For the last 10 years, on average, 21 (64.11 % of students) received grants or scholarships and its average amount is $4,857. It can cover 44.07% of tuition & fees ($11,020).

In addition, 16 (47.44 % of students) students get helped from the students loans (average amount : $6,018).

Year	Grants or Scholarships^*		Student Loans
Year	Number Received (percent^**)	Average Amount	Number Received (percent^**)	Average Amount
2013-14	8 (24%)	$5,045	8 (24%)	$5,019
2014-15	21 (60%)	$4,278	18 (51%)	$5,828
2015-16	34 (74%)	$2,080	25 (54%)	$2,805
2016-17	20 (87%)	$2,093	19 (83%)	$7,272
2017-18	18 (78%)	$8,539	14 (61%)	$7,613
2018-19	21 (70%)	$4,127	15 (50%)	$7,142
2019-20	24 (96%)	$6,608	8 (32%)	$6,469
2020-21	21 (53%)	$5,166	18 (45%)	$6,408
2021-22	26 (35%)	$5,774	20 (27%)	$5,606
Average	21 (64.11%)	$4,857	16 (47.44%)	$6,018

^*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, 14 (39.00 % of students) received Pell (federal) grants and its average amount is $5,036.

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	7 (21%)	$4,602	-	-	-	-	4 (12%)	$2,037
2014-15	15 (43%)	$4,720	-	-	-	-	10 (29%)	$1,904
2015-16	25 (54%)	$2,429	-	-	-	-	19 (41%)	$526
2016-17	6 (26%)	$4,415	-	-	-	-	20 (87%)	$769
2017-18	9 (39%)	$4,406	2 (9%)	$100	-	-	14 (61%)	$8,132
2018-19	16 (53%)	$4,838	-	-	-	-	14 (47%)	$661
2019-20	12 (48%)	$8,479	18 (72%)	$1,948	-	-	13 (52%)	$1,675
2020-21	17 (43%)	$5,288	6 (15%)	$808	-	-	11 (28%)	$1,250
2021-22	18 (24%)	$6,146	5 (7%)	$1,020	-	-	13 (18%)	$2,645
Average	14 (39.00%)	$5,036	8 (25.75%)	$969	-	-	13 (41.67%)	$2,178

^*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, 16 (47.44 % of students) get any students loan help and its average loan amount is $16.

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	8 (24%)	$5,019	8 (24%)	$5,019	-	-
2014-15	18 (51%)	$5,828	18 (51%)	$5,481	1 (3%)	$6,250
2015-16	25 (54%)	$2,805	24 (52%)	$2,610	1 (2%)	$7,500
2016-17	19 (83%)	$7,272	19 (83%)	$5,803	3 (13%)	$9,307
2017-18	14 (61%)	$7,613	13 (57%)	$5,462	3 (13%)	$11,862
2018-19	15 (50%)	$7,142	15 (50%)	$6,275	1 (3%)	$13,000
2019-20	8 (32%)	$6,469	8 (32%)	$6,469	-	-
2020-21	18 (45%)	$6,408	18 (45%)	$5,514	2 (5%)	$8,048
2021-22	20 (27%)	$5,606	19 (26%)	$4,849	1 (1%)	$20,000
Average	16 (47.44%)	$6,018	16 (46.67%)	$5,276	2 (5.71%)	$10,852

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Scholarships, Grants, and Loan Trends at MBTS

All Undergraduate Students Financial Aid Over Time

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