$5,040

Avg. Federal Grant

$4,788

Avg. Federal Loan

$5,725,457

Total Aid Awarded

Williams Baptist College Financial Aid and Scholarships

Students Receiving Aid Percent of Students Receiving Financial Aid.

100%

Total Aid Amount Average Total Aid Awarded per year.

$5.725M

Financial Aid Official Website

https://williamsbu.edu/everything-financial/

Interestingly, almost all of the students at WBU receive some sort of financial aid, and the total amount of assistance/loans provided totals more than $2,183,628 in a year. The total percentage of candidates applying to Williams Baptist University who receive the Federal Grant is 48%. In comparison, 100% of the students are awarded the Student Grant, 100% get the Institution Grant, and 48% of the applicants receive the Pell Grant. Moreover, the average aid amount for Federal Grant awardees stands at $4,195, while the same comes to $1,664 for State Grant receivers and $6,950 for Institution Grant awardees. On the other hand, the average aid received by the Pell Grant awardees is $4,259. The annual family income of the applicants is also considered for determining the total financial assistance that they will be eligible for. Apart from financial grants and scholarships, candidates can also avail of monetary benefits like student loans to fund 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 WBU, an estimated number of 59% of the applicants choose to go for student loans.

Financial Aid Breakdown

Student Receiving Aid

Federal Grant Aid

49%

State Grant Aid

49%

Institution Grant Aid

100%

Pell Grant

49%

Average Aid Awarded

Federal Grant Aid

$5,040

State Grant Aid

$1,489

Institution Grant Aid

$7,980

Pell Grant

$4,714

Federal Aid based on Family Income

Family Income

Average Federal Aid Per Year

Under $30,000

$11,918

$30,001 - $48,000

$15,262

$48,001 - $75,000

$9,258

$75,001 - $110,000

$7,342

Over $110,000

$7,994

Student Loans for Williams Baptist College

Average Loan Amount Average Loan Amount received per year.

$5,278/Year

Students Taking Out Loans

67%

Loan Default Rate

9.5%

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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