In 2006, tuition for full-time Faith Baptist Bible College and Theological Seminary students was $17,480 a year.
Tuition increased 2.88% in 2023–from $16,990 the previous year. Usually, college tuition goes up about 3% every year.
If these numbers sound impossible, remember, the total cost of tuition isn't the final cost for attending college. Many students find the actual cost of college is much less than the total tuition after grants, scholarships, and tuition discounts kick in. Plus, student loans can make theactual cost of attending college feel more doable until you're done with college.
Faith Baptist Bible College and Theological Seminary meets 48% of the demonstrated financial need for undergraduates. First-year students that attend Faith Baptist Bible College and Theological Seminary full-time are awarded $7,043 a year in financial aid, on average.
In 2020, students graduated with an average of $15,006 in student loans for each student with debt.
Faith Baptist Bible College and Theological Seminary is a private, religious institution, which means it has the same tuition for students from Iowa as it does for residents from other states.
Public colleges and universities receive funding from the state government. Public, state schools can offer lower tuition for students who meet the requirements for in-state residency.
Attending an insitution where you are eligible for in-state tuition can drastically reduce the cost of tuition, as well as loans and interest owed. Be sure to confirm your state's requirements for in-state residency. Each state has different requirements to qualify as in-state resident. In many states, students must have lived in the state for 12 months before starting school to qualify for in-state tuition. There may be other criteria as well, depending on the state you and your parents currently reside in.
Faith Baptist Bible College and Theological Seminary has the same tuition for international students as for those from out of state.
International students usually do not qualify for for federal financial aid, but should research private or Faith Baptist Bible College and Theological Seminary-specific aid and scholarships.
Tuition is not the only cost of attending college; there are other costs associated with college, like room and board, facility fees, and books and supplies. Let's take a look at what impacts these costs, and what to expect at Faith Baptist Bible College and Theological Seminary.
Room and board at Faith Baptist Bible College and Theological Seminary costs $7,318 a year. This includes the cost of living in dorms or other on-campus housing, plus a dining plan that allows you to eat all or some of your meals the school dining halls.
Board costs can depend on the number of meals you intend to eat on-campus
The cost of books often surprises first-year college students. The actual cost of books and supplies depends on the courses you take and the materials required. To save money, many students choose to use books from the library or buy used textbooks and materials.
The majority of colleges charge some yearly fees to offsets cost associated with maintaining facilties, like the computer labs and libraries, athletic facilities, and more.
There may be optional fees associated with participating in special activities, like joining a fraternity or sorority, or participating in sports or other extracurriculars. Most colleges offer ways so that those with demonstrated need to get help covering these fees.
The cost of transportation in college depends on a few key factors. Will you take a subway, car or an airplane to get to school? Will you need to pay to park on-campus? Is the campus walkable? Do you plan to bring a car or are you planning to use public transportation? All of these factors can drastically impact your transportation budget. At Faith Baptist Bible College and Theological Seminary, freshman are allowed to park on campus.
A school's location can also have a big effect on transportation costs. Small, rural schools may be easier to get around, but the cost of getting to campus may be higher. On the other hand transportation in a city can be expensive, but cities may offer more trains, busses and low-cost flight options to actually get to school. Faith Baptist Bible College and Theological Seminaryis in a suburb in Iowa.
When budgeting for college, be sure to leave some room in your budget for the cost of things like going out to eat or see shows, furnishing your living space, and things like haircuts, clothes and, yes, even toilet paper and shampoo.
Now, let’s go over all of the costs we've covered, to get a better estimate of the actual cost of attending Faith Baptist Bible College and Theological Seminary.
What will the cost of attending Faith Baptist Bible College and Theological Seminary be? Here is a breakdown of tuition and expenses.
|2023 Total Tuition and Expenses|
|Room and Board||$7,318|
The total estimated cost will vary depending on whether you are going to live on-campus or off-campus.
|Total Estimated Costs|
The breakdowns above provide a good estimate of the total cost of attendance before financial aid and scholarships. Tuition and fees may vary depending on program, course level, location, and more.
The majority of Faith Baptist Bible College and Theological Seminary undergrads use financial aid to help pay for school. In 2023, 290 of the 432 undergrads enrolled received financial aid. Faith Baptist Bible College and Theological Seminary meets 48% of the demonstrated financial need for undergraduates.
The average financial aid package for a full-time, first-year student is around $7,043 a year. Around 89% of Faith Baptist Bible College and Theological Seminary undergrads take out student loans to cover any remaining costs. Faith Baptist Bible College and Theological Seminary graduates who have student loans graduate with an average of $15,006 of student loan debt.
Most students take out institutional or government loans, because they tend to have lower interest rates and more flexible repayment options than private loans. Loans from the federal government can be subsidized or unsubsidized. Subsidized loans do not accrue interest during school, while unsubsidized loans begin accruing interest at the time the loan is issued. If students do no qualify for enough federal loans to cover the cost of tuition, some take out private loans. Parents can also take out ParentPLUS loans, which are government loans for parents who are helping their children pay for college.
The Free Application for Federal Student Aid (FAFSA) helps colleges determine how much financial need students and their familes have, so they can offer a financial aid package that meets, or come close to meeting, their need. For more information on Faith Baptist Bible College and Theological Seminary financial aid, keep reading, or visit their financial aid website.
Some students may receive grants and scholarships to help pay for college. Unlike loans, scholarships and grants do not have to be paid back.
In 2023, Faith Baptist Bible College and Theological Seminary awarded 232 need-based scholarships to students, giving away total of $1.1 million to help students with financial need cover the cost of school. An additional $340,000 in merit-based scholarship money was awarded to students without demonstrated financial need.
The net price of college is the actual cost of attending a school for one year. Net cost is calculated by subtracting any scholarships, grants or other aid that does not need to be paid back from the total cost. Student loans are not part of the calculation, because they need to be repaid.
Now that we have a sense of the total estimated costs for Faith Baptist Bible College and Theological Seminary students, we can subtract the average financial aid package to find the estimated net cost. Net cost can vary depending on a students’ need and the financial aid award received.
When considering whether a school fits your budget, it is important to consider the estimated net cost, not just the sticker price of tuition. Often, schools with the highest tuition also offer the most generous aid packages, so estimate your net cost before eliminating a school because it does fit your budget.
The average amount of financial aid received by a full-time first year student with demonstrated need at Faith Baptist Bible College and Theological Seminary was $7,043 in 2023. By substracting the average financial aid package from the estimated costs, we get a number that may make the cost of Faith Baptist Bible College and Theological Seminary seem more manageable.
|Estimated Net Cost for Full-Time Students|
What will attending Faith Baptist Bible College and Theological Seminary really cost you? The answer depends on several factors.
As of 2011, colleges are required to have a net price calculator on their website to help prospective students and their families get a better idea of the actual cost of attending that school, based on their financial situation. You can find the Faith Baptist Bible College and Theological Seminary's net cost calculator on their website.
Some students choose to use payment plans to make the cost of tuition fit more comfortably in their budget.
Students cannot pay tuition in installments. Contact the financial aid office to verify this and discuss options.
Schools sometimes offer tuition waivers to certain groups, to offset the cost of attending. Some colleges offer tuition waivers for employees and their family members, underrepresented students, or military students. Even with a tuition waiver, students are usually responsible for housing, meal plans, and other expenses.
Check the financial aid website for more information on payment plans and tuition waivers.
An endowment is the total value of a school's investments, donations, and assets. Endowment is not necessarily an indicator of the quality of a school, but it can give you a sense of how much money a college can afford to invest in expanding programs, improving facilities, and supporting students.
As of 2006, the total market value of Faith Baptist Bible College and Theological Seminary's endowment was $4 million. The average college endowment was $905 million in 2021. The school spends $3,060 for each full-time student enrolled.
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