How VBC'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 Veritas Baptist College since 2013.

For that period, the average number of students who received grants aid/scholarships is 56, which is 40.56 % of all undergraduate students. 24 students which is 17.75% of undergraduate students received federal student loans and the average loan amount is $5,490.

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	20 (22%)	$2,405	16 (18%)	$2,772	-	-
2014-15	31 (38%)	$3,659	22 (27%)	$4,295	14 (17%)	$7,714
2015-16	39 (46%)	$3,359	33 (39%)	$3,706	19 (23%)	$6,925
2016-17	37 (44%)	$3,553	30 (35%)	$4,037	20 (24%)	$6,929
2017-18	98 (50%)	$3,364	85 (43%)	$3,695	60 (31%)	$5,358
2018-19	70 (40%)	$1,839	65 (37%)	$1,889	27 (16%)	$7,412
2019-20	85 (45%)	$1,764	73 (38%)	$1,961	22 (12%)	$3,268
2020-21	71 (39%)	$1,817	61 (34%)	$1,966	17 (9%)	$3,469
2021-22	57 (41%)	$1,565	45 (32%)	$1,915	14 (10%)	$2,848
Average	56 (40.56%)	$2,592	48 (33.67%)	$2,915	24 (17.75%)	$5,490

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

Overview

For the last 10 years, on average, 6 (71.56 % of students) received grants or scholarships and its average amount is $3,464. It can cover 38.52% of tuition & fees ($8,992).

In addition, 4 (29.83 % of students) students get helped from the students loans (average amount : $4,471).

Year	Grants or Scholarships^*		Student Loans
Year	Number Received (percent^**)	Average Amount	Number Received (percent^**)	Average Amount
2013-14	1 (100%)	$6,295	-	-
2014-15	6 (75%)	$3,675	3 (38%)	$5,500
2015-16	5 (83%)	$2,528	2 (33%)	$7,500
2016-17	4 (80%)	$4,716	2 (40%)	$4,750
2017-18	19 (76%)	$4,456	10 (40%)	$3,700
2018-19	9 (53%)	$2,259	3 (18%)	$4,500
2019-20	6 (60%)	$2,011	1 (10%)	$875
2020-21	3 (60%)	$2,830	-	-
2021-22	4 (57%)	$2,402	-	-
Average	6 (71.56%)	$3,464	4 (29.83%)	$4,471

^*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, 6 (64.67 % of students) received Pell (federal) grants and its average amount is $3,504.

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	1 (100%)	$5,395	-	-	-	-	1 (100%)	$900
2014-15	5 (63%)	$4,060	-	-	-	-	4 (50%)	$438
2015-16	4 (67%)	$3,035	-	-	-	-	1 (17%)	$500
2016-17	4 (80%)	$4,615	-	-	-	-	1 (20%)	$405
2017-18	19 (76%)	$4,426	-	-	-	-	4 (16%)	$146
2018-19	9 (53%)	$2,229	-	-	-	-	1 (6%)	$270
2019-20	4 (40%)	$2,792	-	-	-	-	4 (40%)	$224
2020-21	3 (60%)	$2,623	-	-	-	-	2 (40%)	$310
2021-22	3 (43%)	$2,365	-	-	-	-	3 (43%)	$837
Average	6 (64.67%)	$3,504	-	-	-	-	2 (36.89%)	$448

^*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, 4 (29.83 % of students) get any students loan help and its average loan amount is $4.

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	-	-	-	-	-	-
2014-15	3 (38%)	$5,500	3 (38%)	$5,500	-	-
2015-16	2 (33%)	$7,500	2 (33%)	$7,500	-	-
2016-17	2 (40%)	$4,750	2 (40%)	$4,750	-	-
2017-18	10 (40%)	$3,700	10 (40%)	$3,700	-	-
2018-19	3 (18%)	$4,500	3 (18%)	$4,500	-	-
2019-20	1 (10%)	$875	1 (10%)	$875	-	-
2020-21	-	-	-	-	-	-
2021-22	-	-	-	-	-	-
Average	4 (29.83%)	$4,471	4 (29.83%)	$4,471	-	-

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Scholarships, Grants, and Loan Trends at VBC

All Undergraduate Students Financial Aid Over Time

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