Over the past 8 years (2015-2022), the average number of students who received grants aid/scholarships is 91, which is 84.86 % of all undergraduate students. 42 students which is 39.67% of undergraduate students received federal student loans and the average loan amount is $5,406.

For full-time, first-time beginning students (freshmen), 92.71% of students received grants or scholarships and 41% of students received student loans.

All Undergraduate Students Financial Aid Over Time

The following table shows the trends of financial aid for all undergraduate students at Elim Bible Institute and College since 2015.

For that period, the average number of students who received grants aid/scholarships is 91, which is 84.86 % of all undergraduate students. 42 students which is 39.67% of undergraduate students received federal student loans and the average loan amount is $5,406.

YearGrant or Scholarship*Pell GrantsFederal Student Loans
Number Received (percent**)Average AmountNumber Received (percent**)Average AmountNumber Received (percent**)Average Amount
2015-1699 (84%)$2,019----
2016-1785 (83%)$4,62245 (44%)$4,63835 (34%)$4,356
2017-1885 (88%)$5,71450 (52%)$5,08255 (57%)$5,287
2018-19100 (88%)$6,76457 (50%)$4,89359 (52%)$6,466
2019-2093 (88%)$7,18445 (42%)$4,50940 (38%)$6,330
2020-2195 (92%)$8,71732 (31%)$4,55029 (28%)$5,564
2021-2279 (71%)$9,01242 (38%)$4,81033 (29%)$4,430
Average91 (84.86%)$6,29045 (42.83%)$4,74742 (39.67%)$5,406
*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.

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

For the last 8 years, on average, 27 (92.71 % of students) received grants or scholarships and its average amount is $6,690. It can cover 69.12% of tuition & fees ($9,678).

In addition, 11 (41.33 % of students) students get helped from the students loans (average amount : $4,572).

Year Grants or Scholarships*Student Loans
Number Received (percent**)Average AmountNumber Received (percent**)Average Amount
2015-1650 (88%)$2,397--
2016-1719 (79%)$4,3349 (38%)$4,832
2017-1827 (82%)$6,33718 (55%)$4,971
2018-1930 (100%)$6,73415 (50%)$4,766
2019-2021 (100%)$9,3509 (43%)$4,887
2020-2124 (100%)$8,7698 (33%)$4,563
2021-2217 (100%)$8,9075 (29%)$3,414
Average27 (92.71%)$6,69011 (41.33%)$4,572
*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 8 years, on average, 13 (52.17 % of students) received Pell (federal) grants and its average amount is $5,050.

In addition, 12 students received State/local government grants/scholarships (46.83 % 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
2015-16------50 (88%)$2,397
2016-1711 (46%)$4,774--10 (42%)$1,85914 (58%)$803
2017-1817 (52%)$5,3468 (24%)$45315 (45%)$2,74120 (61%)$1,773
2018-1921 (70%)$4,6584 (13%)$37514 (47%)$3,31623 (77%)$2,446
2019-2010 (48%)$5,03114 (67%)$1,49513 (62%)$3,37718 (86%)$4,512
2020-2112 (50%)$4,91924 (100%)$1,5779 (38%)$3,13621 (88%)$4,064
2021-228 (47%)$5,5732 (12%)$4788 (47%)$4,03816 (94%)$4,598
Average13 (52.17%)$5,05010 (43.20%)$87612 (46.83%)$3,07823 (78.86%)$2,942
*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 8 years, on average, 11 (41.33 % of students) get any students loan help and its average loan amount is $11.

YearTotalFederal student loansOther student loans
Number Received (percent)Average AmountNumber Received (percent)Average AmountNumber Received (percent)Average Amount
2015-16------
2016-179 (38%)$4,8329 (38%)$4,832--
2017-1818 (55%)$4,97118 (55%)$4,971--
2018-1915 (50%)$4,76615 (50%)$4,766--
2019-209 (43%)$4,8879 (43%)$4,887--
2020-218 (33%)$4,5638 (33%)$4,563--
2021-225 (29%)$3,4145 (29%)$3,414--
Average11 (41.33%)$4,57211 (41.33%)$4,572--

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