How SUM Bible College and Theological Seminary'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 SUM Bible College and Theological Seminary since 2013.

For that period, the average number of students who received grants aid/scholarships is 375, which is 80.78 % of all undergraduate students. 344 students which is 74.22% of undergraduate students received federal student loans and the average loan amount is $7,616.

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	320 (92%)	$5,741	247 (71%)	$4,244	314 (90%)	$7,194
2014-15	362 (78%)	$5,982	262 (57%)	$5,126	338 (73%)	$8,523
2015-16	522 (100%)	$4,532	293 (56%)	$4,587	387 (74%)	$7,717
2016-17	406 (73%)	$5,239	406 (73%)	$4,038	430 (77%)	$7,691
2017-18	463 (90%)	$5,683	361 (71%)	$4,132	442 (86%)	$6,395
2018-19	384 (86%)	$5,757	258 (58%)	$5,106	325 (73%)	$7,779
2019-20	403 (88%)	$6,377	359 (78%)	$4,127	335 (73%)	$7,264
2020-21	267 (63%)	$4,808	243 (58%)	$4,671	274 (65%)	$6,828
2021-22	244 (57%)	$5,483	221 (51%)	$5,306	247 (57%)	$9,155
Average	375 (80.78%)	$5,511	294 (63.67%)	$4,593	344 (74.22%)	$7,616

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

Overview

For the last 10 years, on average, 66 (86.44 % of students) received grants or scholarships and its average amount is $5,822. It can cover 55.66% of tuition & fees ($10,460).

In addition, 56 (72.33 % of students) students get helped from the students loans (average amount : $5,735).

Year	Grants or Scholarships^*		Student Loans
Year	Number Received (percent^**)	Average Amount	Number Received (percent^**)	Average Amount
2013-14	64 (100%)	$5,204	57 (89%)	$5,796
2014-15	83 (64%)	$5,030	81 (62%)	$4,829
2015-16	96 (100%)	$4,610	74 (77%)	$5,510
2016-17	75 (94%)	$6,044	63 (79%)	$7,641
2017-18	82 (91%)	$5,554	75 (83%)	$5,736
2018-19	60 (76%)	$6,372	54 (68%)	$6,844
2019-20	66 (94%)	$9,054	50 (71%)	$2,533
2020-21	36 (97%)	$4,447	27 (73%)	$4,974
2021-22	28 (62%)	$6,083	22 (49%)	$7,749
Average	66 (86.44%)	$5,822	56 (72.33%)	$5,735

^*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, 50 (66.89 % of students) received Pell (federal) grants and its average amount is $4,836.

In addition, 66 students received State/local government grants/scholarships (94.00 % 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	47 (73%)	$4,547	6 (9%)	$250	-	-	64 (100%)	$1,841
2014-15	63 (48%)	$4,533	4 (3%)	$375	-	-	83 (64%)	$1,571
2015-16	65 (68%)	$4,454	5 (5%)	$375	-	-	95 (99%)	$1,591
2016-17	75 (94%)	$3,577	14 (18%)	$282	-	-	72 (90%)	$2,515
2017-18	58 (64%)	$5,175	5 (6%)	$520	-	-	81 (90%)	$1,885
2018-19	42 (53%)	$5,644	9 (11%)	$511	-	-	60 (76%)	$2,345
2019-20	52 (74%)	$4,915	14 (20%)	$346	66 (94%)	$2,955	66 (94%)	$2,154
2020-21	31 (84%)	$4,851	4 (11%)	$700	-	-	22 (59%)	$314
2021-22	20 (44%)	$5,832	4 (9%)	$2,113	-	-	16 (36%)	$2,827
Average	50 (66.89%)	$4,836	7 (10.22%)	$608	66 (94.00%)	$2,955	62 (78.67%)	$1,894

^*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, 56 (72.33 % of students) get any students loan help and its average loan amount is $56.

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	57 (89%)	$5,796	57 (89%)	$5,796	-	-
2014-15	81 (62%)	$4,829	81 (62%)	$4,829	-	-
2015-16	74 (77%)	$5,510	74 (77%)	$5,510	-	-
2016-17	63 (79%)	$7,641	63 (79%)	$7,641	-	-
2017-18	75 (83%)	$5,736	75 (83%)	$5,736	-	-
2018-19	54 (68%)	$6,844	54 (68%)	$6,844	-	-
2019-20	50 (71%)	$2,533	50 (71%)	$2,533	-	-
2020-21	27 (73%)	$4,974	27 (73%)	$4,974	-	-
2021-22	22 (49%)	$7,749	22 (49%)	$7,749	-	-
Average	56 (72.33%)	$5,735	56 (72.33%)	$5,735	-	-

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Scholarships, Grants, and Loan Trends at SUM Bible College and Theological Seminary

All Undergraduate Students Financial Aid Over Time

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