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

Over the past 10 years (2013-2022), 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.
For full-time, first-time beginning students (freshmen), 96.44% of students received grants or scholarships and 50% of students received student loans.

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.
YearGrant or Scholarship*Pell GrantsFederal Student Loans
Number Received (percent**)Average AmountNumber Received (percent**)Average AmountNumber Received (percent**)Average Amount
2013-14533 (96%)$8,549266 (48%)$4,170256 (46%)$5,534
2014-15525 (92%)$6,397265 (46%)$4,356296 (52%)$5,709
2015-16573 (95%)$6,263304 (50%)$4,184324 (54%)$5,561
2016-17524 (97%)$6,441258 (48%)$4,389308 (57%)$5,448
2017-18513 (98%)$6,709250 (48%)$4,475286 (55%)$5,738
2018-19494 (99%)$8,272237 (48%)$4,511267 (54%)$5,216
2019-20516 (97%)$7,971216 (41%)$4,625247 (47%)$6,076
2020-21460 (99%)$10,453199 (43%)$4,523215 (46%)$5,773
2021-22457 (99%)$8,536191 (41%)$4,571210 (46%)$5,823
Average511 (96.89%)$7,732243 (45.89%)$4,423268 (50.78%)$5,653

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

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
Number Received (percent**)Average AmountNumber Received (percent**)Average Amount
2013-14370 (91%)$5,857183 (45%)$5,274
2014-15309 (91%)$6,052176 (52%)$5,772
2015-16327 (94%)$5,644177 (51%)$5,311
2016-17327 (96%)$6,142188 (55%)$6,394
2017-18317 (100%)$6,161190 (60%)$5,159
2018-19324 (99%)$7,314179 (55%)$5,587
2019-20340 (98%)$7,303153 (44%)$6,367
2020-21285 (99%)$9,287124 (43%)$6,273
2021-22246 (100%)$8,195110 (45%)$5,775
Average316 (96.44%)$6,884164 (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.
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) GrantsOther Federal State/Local governmentInstitutional
Number Received (percent)Average AmountNumber Received (percent)Average Amount Number Received (percent)Average AmountNumber Received (percent)Average Amount
2013-14195 (48%)$4,23213 (3%)$8786 (1%)$867366 (90%)$3,621
2014-15158 (47%)$4,41014 (4%)$9219 (3%)$1,061299 (88%)$3,849
2015-16166 (48%)$4,22616 (5%)$8384 (1%)$4,822320 (92%)$3,473
2016-17159 (47%)$4,52917 (5%)$9794 (1%)$870327 (96%)$3,878
2017-18157 (50%)$4,47814 (4%)$8528 (3%)$1,142317 (100%)$3,877
2018-19164 (50%)$4,62920 (6%)$82510 (3%)$2,162324 (99%)$4,853
2019-20150 (43%)$4,674263 (76%)$6637 (2%)$3,069339 (97%)$4,679
2020-21126 (44%)$4,317251 (87%)$2,3855 (2%)$2,316285 (99%)$5,238
2021-2298 (40%)$4,85615 (6%)$8253 (1%)$1,958246 (100%)$6,187
Average153 (46.33%)$4,48369 (21.78%)$1,0186 (1.89%)$2,030314 (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..
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.
YearTotalFederal student loansOther student loans
Number Received (percent)Average AmountNumber Received (percent)Average AmountNumber Received (percent)Average Amount
2013-14183 (45%)$5,274177 (44%)$5,2646 (1%)$5,555
2014-15176 (52%)$5,772176 (52%)$5,4559 (3%)$6,200
2015-16177 (51%)$5,311177 (51%)$5,0537 (2%)$6,536
2016-17188 (55%)$6,394188 (55%)$5,91613 (4%)$6,916
2017-18190 (60%)$5,159184 (58%)$5,0906 (2%)$7,280
2018-19179 (55%)$5,587179 (55%)$5,11911 (3%)$7,613
2019-20153 (44%)$6,367152 (44%)$5,79212 (3%)$7,810
2020-21124 (43%)$6,273124 (43%)$5,40614 (5%)$7,682
2021-22110 (45%)$5,775110 (45%)$5,5245 (2%)$5,526
Average164 (50.00%)$5,768163 (49.67%)$5,4029 (2.78%)$6,791
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