- The next accreditation review was scheduled for April 24, 2023.
With their net price calculators, many colleges and universities give an idea of what merit-based aid might accompany need-based aid. For schools that share such data, we also provide financial aid data in the Finanical Aid sections.
There are some caveats to consider when using the net price estimates:
- The net price calculation is weighted by this school's proportion of students living on- and off-campus and this school's estimate of off-campus costs, which may cause the net price methodology be a bit inconsistent from school to school.
- Parental income and student financial aid eligibility is sometimes more complicated than the simple family income number reported here.
- The net price calculation for all students is inclusive of students who received any institutional or government aid, but at the family income levels the net price only considers the tuition paid by those who qualified for federal aid.
You can get a little better guess at what you would pay by using this school's net price calculator.
It's important to remember that a school's published costs may not be indicative of what it will actually cost to attend. Time magazine wrote about this in their article Yes, you can get a college to cut its tuition price. Nonetheless, this inflation-adjusted look at the historic annual costs for tuition, fees, books, and supplies can give you an idea of the costs you might expect in the coming years. Comparing the total costs inclusive of room and board (if applicable) with the annual net price estimates in the previous tab will help you determine the financial aid package to expect.
Private and public universities' charges are difficult to compare due to the in-state and out-of-state price differences of public universities, and therefore we only compare Elim Bible Institute and College to other private schools within your chosen context group.
Understanding the rules and process that determine who gets financial aid can be intimidating. Here are some quick links to help:
- Visit Elim Bible Institute and College's Net Price Calculator for the most accurate estimate of your anticipated costs. Every school publishes a Net Price Calculator that does its best to give you a fair estimate of what you might expect to pay. Many calculators consider your high school record as part of the calculation. This will be far more accurate than any of the averages or published tuition values that you see here.
- FederalStudentAid, a government site that will walk you through the federal financial aid process. There are a number of kinds of student loans and other aid, and this site can walk you through all of the choices you will need to make.
Across the country, graduation rates are surprisingly low. In fact, Forbes Magazine suggests that they are unacceptably low. However, from another point of view, sometimes graduation rates simply reflect the relative preparation of the students who enter. Colleges with a mission to help people coming from less advantaged backgrounds, such as first-generation and low-income students, may have low graduation rates despite relatively strong outcomes for students who face many obstacles to success. Without the context provided in these views of completion rates, it can be tricky to separate predatory schools that take financial advantage of under-prepared students from those that are actively seeking to encourage and help those students.
For the consumer choosing a school, once you have narrowed your list to those schools that you can afford and that seem likely to admit you, consider the outcome measures in this section and choose the specific measures that best describe your plans. Very simply, schools with high graduation rates and high loan repayment rates will likely give you the best opportunity to succeed.
- Remedial services
- Academic/career counseling services
- Employment services for current students
- Placement services for program completers
A high proportion of international and out-of-state students speaks to reputation and offers an opportunity for diverse interactions in and out of class.
Elim Bible Institute and College has undergraduates from 11 states or territories and 7 countries.
Elim Bible Institute and College is a private not-for-profit school. Along with publicly-controlled schools, not-for-profit schools do not have the goal of annual profit, but they do want to have healthy finances with adequate revenue to meet all expenses. On the other hand, private for-profit schools have creating a profit for shareholders as an annual goal.
Here we examine assets at Elim Bible Institute and College in context, and it seems most fair to adjust for the size of the institution. We examine the assets per full-time-equivalent student so that we level the playing field for size.
There's a catch to these assets, though. Many gifts to a school's endowment have strings attached; the money is restricted to a specific purpose. Assets shown in green below are unrestricted, and are very important to a school's ability to meet its financial obligations. Some assets are the land and buildings that a school must have in order to function, and these may appear as green (unrestricted assets) but are nonetheless less helpful in meeting annual financial commitments. This look at assets is only a piece of the puzzle as we decide if a school is stable.
