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Friday 3.19.2010

Plan, explore, and apply to college using these great tools.

Multnomah Bible College and Biblical Seminary

Multnomah Bible College and Biblical Seminary
8435 N.E. Glisan Street
Portland, OR 97220

Official telephone: (503) 255-0332
Toll-free telephone: (800) 275-4672
Fax number: (503) 254-1268
Website: www.multnomah.edu
Screen last updated on: January 2010

The financial aid information below is valid for the 2008 academic year.

FINANCIAL AID OFFICE
Financial aid officer: Mary McGlothlan,
Director of Financial Aid
Contacting the office: 503 251-5339
finaid@multnomah.edu
FAFSA number: 003206

EXPENSES
Undergraduate tuition: $14,520; $14,520 out-of-state
Comprehensive tuition/room/board fees: $20,570
Tuition notes: comprehensive tuition/room/board fees, in-state tuition based on $484 per credit hour0, out-of-state tuition based on $484 per credit hour0
Book fees: $1,000
Miscellaneous expenses: $2,800
Combined room and board expenses: $6,050

APPLYING FOR AID

Required form Priority date Rolling? Closing date
FAFSAAugust 1yesN/A
Institution's own financial aid formMarch 1noN/A

Date award notification begins: April 15
Applied for financial aid:
85% of first-year students
85% of full-time undergraduates
85% of part-time undergraduates
Determined to have financial need:
82% of first-year students
86% of full-time undergraduates
77% of part-time undergraduates
Students determined to have financial need who received any financial aid:
98% of first-year students
100% of full-time undergraduates
100% of part-time undergraduates
Students determined to have financial need who received any need-based gift aid:
96% of first-year students
91% of full-time undergraduates
89% of part-time undergraduates
Students receiving financial aid who received need-based self-help aid:
90% of first-year students
87% of full-time undergraduates
83% of part-time undergraduates
Students receiving financial aid who received any non-need-based gift aid:
8% of first-year students
4% of full-time undergraduates
2% of part-time undergraduates
Students receiving financial aid whose need was fully met (excluding PLUS loans and private alternative loans):
8% of first-year students
7% of full-time undergraduates
11% of part-time undergraduates
Average percent of need that was met of students who received any need-based aid (excluding PLUS loans and private alternative loans):
51% for first-year students
51% for full-time undergraduates
57% for part-time undergraduates
Average financial aid package (excluding PLUS loans and private alternative loans):
$7,412 for first-year students
$7,919 for full-time undergraduates
$6,984 for part-time undergraduates
Average need-based gift award:
$4,979 for first-year students
$4,777 for full-time undergraduates
$4,365 for part-time undergraduates
Average need-based self-help award (excluding PLUS loans and private alternative loans):
$2,947 for first-year students
$4,108 for full-time undergraduates
$3,716 for part-time undergraduates
Average need-based loan (excluding PLUS loans and private alternative loans):
$2,709 for first-year students
$3,915 for full-time undergraduates
$3,648 for part-time undergraduates
Students who had no financial aid need and who received non-need-based aid (excluding athletic awards and tuition benefits):
10% of first-year students
5% of full-time undergraduates
3% of part-time undergraduates
Average award to students who had no financial aid need and who received non-need-based aid (excluding athletic awards and tuition benefits):
$2,680 for first-year students
$3,088 for full-time undergraduates
$550 for part-time undergraduates
Students who received a non-need-based athletic award:
0% of first-year students
0% of full-time undergraduates
0% of part-time undergraduates
Average non-need-based athletic award:
$0 for first-year students
$0 for full-time undergraduates
$0 for part-time undergraduates
School participates in Federal Work-Study Program: yes
Percent of students who received aid that participated in Federal Work Study: 25%

TYPES OF AID AVAILABLE
Types of loans available:
  • FFEL Subsidized Stafford Loans
  • FFEL Unsubsidized Stafford Loans
  • FFEL PLUS Loans
  • Private alternative loans
Parent loans packaged to meet need: yes
Percent of undergraduates who have borrowed through all loan programs: 96%
Average student debt upon graduation: $21,390
Types of payment plans:
  • school's own payment plan(s)
Need-based scholarships/grants available:
  • need-based (general)
  • Federal Pell Grants
  • SEOG
  • college/university scholarships/grants (institutional funds)
  • private scholarships/grants
Non-need-based scholarships/grants available:
  • non-need-based (general)
  • academic merit scholarships/grants
  • creative arts/performance
Percent of scholarship aid awarded to out-of-state students: 0%