Financial Aid Timeline
Whether you are a new college student or you are transferring to Faith from another school, your first step is to complete the online application. You can pay the $50 application fee online or you can mail it to our Admissions Department.
The financial aid process begins with the Free Application for Federal Student Aid (FAFSA). You must complete the FAFSA in order to qualify for any financial aid, including institutional, federal, or state. Complete the FAFSA online at fafsa.ed.gov as soon as possible after January 1, using the previous year's tax information. Both student and parent will need to apply for a PIN at pin.ed.gov.
Enter school code 007121 in step 6 to have your information sent to Faith. Be sure to use the IRS Data Retrieval Tool to upload your tax information directly from the IRS to your FAFSA. This step simplifies the process if your FAFSA is selected for verification. Remember to respond promptly to any requests for documentation from the Faith Financial Aid Department.
The FAFSA will calculate your Expected Family Contribution (EFC). Your EFC is used to determine your state and federal grant eligibility as well as your federal loan eligibility.
All federal aid will be disbursed directly into the student's account each semester. If a credit balance is created by your financial aid, you can choose to have the amount refunded to you or leave it on your account for the next semester.
Step 3—Scholarship Weekend
Every year in March we hold a weekend just for those who have applied for the upcoming fall semester. Through this event we award thousands of dollars of scholarships, some renewable for up to four years.
Students and their parents come to campus, interact with faculty, staff, and students, and attend classes and chapel. You will stay in the dorms, eat with our students, and meet your future classmates! And the whole weekend is free to you.
Scholarship Weekend is a Do-Not-Miss event since all institutional scholarships for new students are awarded through this event. So mark March 21-23, 2013 on your calendars.
Once we have accepted your application, you can turn in a Housing Request Form with a $200 deposit. This deposit is not an additional fee but will be deducted from your total bill. When you send in this deposit, our Registrar's Office will confirm your enrollment and send you a tentative class schedule. This deposit is due by May 15.
Step 5—Down Payment
A $1,500 down payment is due on July 15 for all new students. This down payment is not an additional charge but will be deducted from your total bill.
Step 6—Payment of Balance Due
You have two options for paying your account:
• Pay the balance due by the first day of class each semester.
• Use an automatic monthly payment plan.
Admissions Financial Aid
Fall Bible ConferenceNovember 3-7
Faith Board members and other personnel explore the theme For Our Admonition—Lessons from the Old Testament.
Impact Youth ConferenceNovember 8–Owatonna, Minnesota
Bring your teens to a full day of activities and spiritual challenge.