How Word of Life Bible Institute'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 Word of Life Bible Institute since 2013.

For that period, the average number of students who received grants aid/scholarships is 511, which is 96.89 % of all undergraduate students. 268 students which is 50.78% of undergraduate students received federal student loans and the average loan amount is $5,653.

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	533 (96%)	$8,549	266 (48%)	$4,170	256 (46%)	$5,534
2014-15	525 (92%)	$6,397	265 (46%)	$4,356	296 (52%)	$5,709
2015-16	573 (95%)	$6,263	304 (50%)	$4,184	324 (54%)	$5,561
2016-17	524 (97%)	$6,441	258 (48%)	$4,389	308 (57%)	$5,448
2017-18	513 (98%)	$6,709	250 (48%)	$4,475	286 (55%)	$5,738
2018-19	494 (99%)	$8,272	237 (48%)	$4,511	267 (54%)	$5,216
2019-20	516 (97%)	$7,971	216 (41%)	$4,625	247 (47%)	$6,076
2020-21	460 (99%)	$10,453	199 (43%)	$4,523	215 (46%)	$5,773
2021-22	457 (99%)	$8,536	191 (41%)	$4,571	210 (46%)	$5,823
Average	511 (96.89%)	$7,732	243 (45.89%)	$4,423	268 (50.78%)	$5,653

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

Overview

For the last 10 years, on average, 316 (96.44 % of students) received grants or scholarships and its average amount is $6,884. It can cover 59.86% of tuition & fees ($11,500).

In addition, 164 (50.00 % of students) students get helped from the students loans (average amount : $5,768).

Year	Grants or Scholarships^*		Student Loans
Year	Number Received (percent^**)	Average Amount	Number Received (percent^**)	Average Amount
2013-14	370 (91%)	$5,857	183 (45%)	$5,274
2014-15	309 (91%)	$6,052	176 (52%)	$5,772
2015-16	327 (94%)	$5,644	177 (51%)	$5,311
2016-17	327 (96%)	$6,142	188 (55%)	$6,394
2017-18	317 (100%)	$6,161	190 (60%)	$5,159
2018-19	324 (99%)	$7,314	179 (55%)	$5,587
2019-20	340 (98%)	$7,303	153 (44%)	$6,367
2020-21	285 (99%)	$9,287	124 (43%)	$6,273
2021-22	246 (100%)	$8,195	110 (45%)	$5,775
Average	316 (96.44%)	$6,884	164 (50.00%)	$5,768

^*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, 153 (46.33 % of students) received Pell (federal) grants and its average amount is $4,483.

In addition, 6 students received State/local government grants/scholarships (1.89 % 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	195 (48%)	$4,232	13 (3%)	$878	6 (1%)	$867	366 (90%)	$3,621
2014-15	158 (47%)	$4,410	14 (4%)	$921	9 (3%)	$1,061	299 (88%)	$3,849
2015-16	166 (48%)	$4,226	16 (5%)	$838	4 (1%)	$4,822	320 (92%)	$3,473
2016-17	159 (47%)	$4,529	17 (5%)	$979	4 (1%)	$870	327 (96%)	$3,878
2017-18	157 (50%)	$4,478	14 (4%)	$852	8 (3%)	$1,142	317 (100%)	$3,877
2018-19	164 (50%)	$4,629	20 (6%)	$825	10 (3%)	$2,162	324 (99%)	$4,853
2019-20	150 (43%)	$4,674	263 (76%)	$663	7 (2%)	$3,069	339 (97%)	$4,679
2020-21	126 (44%)	$4,317	251 (87%)	$2,385	5 (2%)	$2,316	285 (99%)	$5,238
2021-22	98 (40%)	$4,856	15 (6%)	$825	3 (1%)	$1,958	246 (100%)	$6,187
Average	153 (46.33%)	$4,483	69 (21.78%)	$1,018	6 (1.89%)	$2,030	314 (95.67%)	$4,406

^*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, 164 (50.00 % of students) get any students loan help and its average loan amount is $164.

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	183 (45%)	$5,274	177 (44%)	$5,264	6 (1%)	$5,555
2014-15	176 (52%)	$5,772	176 (52%)	$5,455	9 (3%)	$6,200
2015-16	177 (51%)	$5,311	177 (51%)	$5,053	7 (2%)	$6,536
2016-17	188 (55%)	$6,394	188 (55%)	$5,916	13 (4%)	$6,916
2017-18	190 (60%)	$5,159	184 (58%)	$5,090	6 (2%)	$7,280
2018-19	179 (55%)	$5,587	179 (55%)	$5,119	11 (3%)	$7,613
2019-20	153 (44%)	$6,367	152 (44%)	$5,792	12 (3%)	$7,810
2020-21	124 (43%)	$6,273	124 (43%)	$5,406	14 (5%)	$7,682
2021-22	110 (45%)	$5,775	110 (45%)	$5,524	5 (2%)	$5,526
Average	164 (50.00%)	$5,768	163 (49.67%)	$5,402	9 (2.78%)	$6,791

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Scholarships, Grants, and Loan Trends at Word of Life Bible Institute

All Undergraduate Students Financial Aid Over Time

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