$4,205

Avg. Federal Grant

$4,349

Avg. Federal Loan

$4,068,682

Total Aid Awarded

Maranatha Baptist University Financial Aid and Scholarships

Students Receiving Aid Percent of Students Receiving Financial Aid.

60%

Total Aid Amount Average Total Aid Awarded per year.

$4.069M

Financial Aid Official Website

www.mbu.edu/financial-aid

As many as 93% of the students at MBU get some sort of financial aid, and the total amount of assistance/loans provided is more than $1,717,857 in a year. At MBU, the total percentage of applicants who receive the Federal Grant stands at 47%. In comparison, 89% of the students are awarded the Student Grant, 83% get the Institution Grant, and 47% of the applicants receive the Pell Grant. Furthermore, the average aid for the Federal Grant receivers is $4,083, and the same stands at $2,892 for State Grant awardees and $4,390 for Institution Grant recipients. On the other hand, the average aid received by the Pell Grant awardees is $4,192. Among other things, the annual family income of the applicant plays a major role in determining the total financial aid they are actually eligible to receive. In addition to financial grants and scholarship schemes, students can also avail of monetary benefits like student loans to pay for their education. But, they should understand that student loans are borrowed at a certain rate of interest, unlike grants and scholarships. While grants and scholarship schemes do not require repayment, student loans should be repaid by the applicants within a given period. At Maranatha Baptist University, the percentage of candidates who opt to avail of student loans is around 40%.

Financial Aid Breakdown

Student Receiving Aid

Federal Grant Aid

55%

State Grant Aid

21%

Institution Grant Aid

85%

Pell Grant

55%

Average Aid Awarded

Federal Grant Aid

$4,205

State Grant Aid

$2,462

Institution Grant Aid

$4,754

Pell Grant

$4,120

Federal Aid based on Family Income

Family Income

Average Federal Aid Per Year

Under $30,000

$9,511

$30,001 - $48,000

$9,438

$48,001 - $75,000

$7,820

$75,001 - $110,000

$8,034

Over $110,000

$3,688

Student Loans for Maranatha Baptist University

Average Loan Amount Average Loan Amount received per year.

$6,090/Year

Students Taking Out Loans

43%

Loan Default Rate

5.2%

Minumum Credit ScoreApply in as little asVariable APRFixed APR
Discover Student LoansNot Available15 minutes or less2.954.74 View disclosures
Credible6202 minutes5.38%-16.99%14.43%-16.99%1 View disclosures
Sallie MaeNot Available15 minutes1.13% - 11.23%¹ (with autopay)3.50% - 12.60%¹ (with autopay) View disclosures

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