Financial Aid Payment Examples

Every student’s situation is different, but these three examples will give you a general idea of what to expect for your child. If you have any questions, please contact our This email address is being protected from spambots. You need JavaScript enabled to view it. at 515.964.0601, ext. 202.

 

Iowa Resident With Pell Grant
Iowa Resident No Pell Grant

Non-Iowa Resident With Pell Grant

God Will Provide for You

Warne KellieKellie Warne will be starting her sophomore year at Faith Baptist Bible College this fall. She is passionate about life and is excited to see what God has for her through the Elementary Education program at Faith. This is her story of how God has provided for her:   When God made it clear He wanted me at Faith, I immediately thought, "How am I ever going to afford it?!" I knew that if I were ever going to attend Faith, I needed to trust God to provide the funds to do so. I also knew I needed to be diligent in seeking ways to pay for college.

Immediately I saw God providing in various ways for me. Initially I had to speak to my grandmother about God leading me to Faith. Thankfully I had a weapon under my belt when I presented Faith to her: Scholarship Weekend. I knew I needed some type of game plan to show her my seriousness about Faith. I also had a Talents For Christ scholarship to help in funding my college education. I explained to my grandmother how I would look for scholarships, work hard, and plan diligently in order to make Faith happen.

As the months went on, I applied for countless scholarships in my home state of Nebraska. My grandparents and I took the trip to Faith for Scholarship Weekend in order to see what scholarships were also available. I worked a part-time job, saved, and prayed diligently, all the while trusting God would provide. He did just that.

Letters in the mail began rolling in. For anyone who has experienced receiving letters in the mail that say you are a recipient of a scholarship, you know they are better than any birthday or Christmas you have had in previous years. I received news from Faith informing me of a scholarship I received for four years. I couldn’t believe how faithful He was to me and how amazingly He proved it to me!

God was and still is showering me with blessings, and I couldn't be more thankful. Even as I continue my education here at Faith, I have found many more opportunities for scholarships. If God is leading you to Faith, do not let financial fears keep you from attending. If this is where God wants you, He will provide a way. Remember that all things work out for those who love God (Rom. 8:28). He can provide for you, just like He did for me.

 

 

If you have any questions, please contact our This email address is being protected from spambots. You need JavaScript enabled to view it.  at 515.964.0601, ext. 216. Faith’s skilled and experienced staff will show you how a Faith education is affordable for you.

 

The Financial Aid Process

Financial aid is an important part of your choice of a college. Faith's Financial Aid Department is ready to assist you to make attending Faith as affordable as possible. Call the Faith Financial Aid office at 515-964-0601 ext. 202, if you have any questions. We are here to help you!

Step 1:Planning Ahead
Step 2:Understanding the Process
Step 3:Applying for Aid
Step 4:Receiving Federal Aid
Step 5:Seeking a Loan

Step 1: Planning ahead

Every year college costs increase. Students and parents should research the best ways to plan for the future. For more information please go to studentaid.ed.gov.

What can I as a parent do to help my child prepare for college?
Academic preparation
>Check out Faith's Jump Start program. Students have the opportunity to get a jump start on their college education by taking a class at Faith for credit.
>Adviseyour student to take the right junior high and high school courses based on the type of college he or she chooses to attend.
>Encourageyour student to maintain good grades throughout high school.
>Assistyour student in choosing the right school by researching the school's curriculum, size, type of school, and affordability.
>Encourage campus visits.
>Help your student obtain and complete all admissions applications.
>Assist your student with essays and preparing for admissions interviews

Home schooling
If you are homeschooling your child, contact the Admissions Office at the college. The Admissions Office will be interested in the level and intensity of the course work your child has completed. Find out whether the college requires a transcript of completed courses. Sometimes, a college will request a list of books used and any completed course materials. Your child's GPA will probably not matter as much as factors such as college entrance exam scores, personal essays, and interviews.

Many colleges find it useful to have a portfolio of the homeschooled student's work. In addition to information such as grades and test scores, the portfolio might include writing samples, computer programming projects, awards, lists of books read, and newspaper clippings about volunteer work.

In addition, your child might want to consider enrolling at a local community college. Some homeschooler families find community college a good way to "try out" a college environment and to build a record of courses and grades beyond the home transcript.

Financial preparation
> Savings:Begin saving as soon as possible.
> Tax Benefits:Consider the tax benefits and ramifications related to paying for college.
> Borrowing:Learn what borrowing opportunities are available to you.

What is available?
• Pell grants and scholarships are the first resource for all college students. Pell grants currently offer students a maximum of $4,800 each year, based on student financial eligibility. Those with the greatest financial need will receive the maximum award. The Pell grant is awarded to the student's account through an electronic transfer from the U.S. Department of Education to Faith each semester.

How does a student qualify?
• Students must be a U.S. citizen or an eligible noncitizen.
• In order for a student to receive any financial aid, a student must be enrolled half-time in an approved course of study. The student will then receive half of the maximum award allotted. A student who is enrolled full-time and who demonstrates an immense financial need will receive the full award allotted.
• Student must demonstrate a need for financial aid in order to receive any federal financial aid. Federal aid will be distributed based on your FAFSA. This formula, developed by the U.S. Department of Education, uses the tax and bank records of the parents as well as students to determine financial aid. Visit fafsa4caster.ed.gov to learn what aid is offered.
• Students must have a high school diploma or a comparable document.
• Students must have a valid social security number.
• Male students much be registered for Selective Service.
• Students must maintain Satisfactory Academic Progress. If studentsare not successful in achieving Satisfactory Academic Progress, they willreceive their financial aid for that year, but they will be placed on probation. If students do not improve their GPA, they will be placed on Academic Suspension and will not be allotted financial aid until their grades improve. If you have any questions about the Satisfactory Progress policy, check Faith's Financial Aid Handbook.

What can I do ahead of time to prepare?
To put you in a better position for financial aid, eliminate as much debt as possible. You will work with a figure called the Expected Family Contribution (EFC), which is based on a family's resources available for the student's schooling.

Visit studentaid.ed.gov and to finaid.org for more resources on savings programs.
and scholarship information.

Step 1:Planning Ahead
Step 2:Understanding the Process
Step 3:Applying for Aid
Step 4:Receiving Federal Aid
Step 5:Seeking a Loan

Step 2: Understanding the Process

• Fill out the Free Application for Federal Student Aid (FAFSA)in order to qualify for any financial aid. Apply for a PIN at pin.ed.gov and then go to fafsa.ed.gov tofill out the electronic application. The electronic version involves less processing time, fewer errors, and can be saved and returned to at another time.Enter code 007121 in step 6 to have your information sent to Faith.

• Your FAFSA report is then sent to the Central Processing System, which is a third party servicer for the United States Department of Education. Your Social Security number will be matched with your FAFSA for accuracy, so use your full name as it reads on your Social Security card. The Selective Service database will match all male students. You can register for Selective Service with FAFSA. If you decide not to register, you may not receive federal aid. The last match for the FAFSA will be citizenship.

• You will then receive a Student Aid Report (SAR). If you provided an e-mail address on your FAFSA application, you will also receive the SAR via e-mail. The schools that you listed on your FAFSA application will receive an Institutional Student Information Record. This record lets the colleges you are considering know you are interested in attending. The colleges can then prepare a financial aid package for you.

• Some FAFSAs are selected for verification. If selected, you will be asked to supply your tax information that was used to complete your FAFSA (parents and students). Be sure you have signed any paper documents you submit. Students and parents will need to sign the verification worksheets. The Faith Financial Aid Department will be happy to help you fill out the worksheets.

• After the verification has taken place, you will receive a letter letting you know what aid is available to you.

Step 1:Planning Ahead
Step 2:Understanding the Process
Step 3:Applying for Aid
Step 4:Receiving Federal Aid
Step 5:Seeking a Loan

Step 3: Applying for Aid

Your completed FAFSA is not a means to apply for any loan or scholarship, but it will make federal financial aid available to you.Faith's Financial Aid Department will help you with your loan process. Federal aid will be calculated on the student's Expected Family Contribution.

Step 1:Planning Ahead
Step 2:Understanding the Process
Step 3:Applying for Aid
Step 4:Receiving Federal Aid
Step 5:Seeking a Loan

Step 4: Receiving Federal Aid

All federal aid will be sent directly to Faith and applied to your account. Aid will be disbursed according to semesters. First-time recipients of financial aid must attend college at least 30 days before they can receive their first disbursement of federal loans. We will not disburse aiduntil you have completed all financial aid paperwork requested by our Financial Aid office. If you have a credit balance on your account, Faith will issue a check for the balance.

Step 1:Planning Ahead
Step 2:Understanding the Process
Step 3:Applying for Aid
Step 4:Receiving Federal Aid
Step 5:Seeking a Loan

Step 5: Securing a Loan

Although Faith does not persuade students to take out loans, we realize that sometimes it is necessary. Faith will not certify a loan unless a online entrance interview has been completed. Remember that completing your FAFSA is not an application for a loan. Research loans carefully. Look for banks and lenders who offer good interest rates.

Step 1:Planning Ahead
Step 2:Understanding the Process
Step 3:Applying for Aid
Step 4:Receiving Federal Aid
Step 5:Seeking a Loan

Prospective Students

Faith has a number of scholarships available for new students. Check the chart below for the ones you may qualify for. Click here for more information about the process for securing financial aid.

[Put here the chart from the Prospective Students on current site.]

Current Students

Faith has a number of scholarships available for current students. Check the list below for the ones you may qualify for. Click here for more information about the process for securing financial aid.

• Awana Citation Scholarship
Recipient must have earned the Awana Citation Award in high school.
•Bernard and Eleanor Bancroft Missionary Scholarship
Recipient must have successfully completed at least one semester of study at Faith. The student must plan to be a missionary, evidence proven Christian character and conduct, and meet all other eligibility requirements.
• Russell L. Bennington Pastoral Studies Scholarship      
Recipient must be a married, mal student having completed at least two years of study at Faith and planning to enter a full-time pastoral ministry. Student must evidence proven Christian character and meet all other eligibility requirements.
• Charles Bergerson Music Scholarship                    
Recipient must be a junior or above and have successfully completed at least one semester of study at Faith. Student must plan to go into a specialized Christian ministry in music, demonstrate potential, evidence proven Christian character and conduct, and meet all other eligibility requirements.
• Davis and Reba Brown Memorial Scholarship                   
Recipient must have successfully completed at least one semester of study at Faith. Student must demonstrate an exceptional burden and interest in home missions and/or church planting, evidence proven Christian character and conduct, and meet all other eligibility requirements.
• Herbert Brudtkuhl Scholarship                      
Recipient must be a maintenance, custodial, or security employee in good standing who has worked at least 200 hours during the previous 12 months. Student must evidence proven Christian character and conduct, be working toward a degree at Faith, and meet all other eligibility requirements.
• Christian Worker's Grant          
This need-based grant is available to students who are dependents of full-time Christian workers. Students must not already be receiving free tuition and must be enrolled full-time. Recipients must live on campus, evidence proven Christian character and conduct, and meet all other eligibility requirements.
• Earl and Shirley Dannenberg MK Student Scholarship   
Recipient must be a son or daughter of a missionary anticipating a missions ministry. Student must evidence proven Christian character and conduct and meet all other eligibility requirements.
• Robert L. Domokos Preaching Scholarship                       
Recipient must be a male student who has completed at least one semester of homiletics at Faith. Student must demonstrate an exceptional preaching ability and plan to enter the ministry as a pastor, pastoral assistant, missionary, or evangelist. He must evidence proven Christian character and conduct and meet all other eligibility requirements.
• William David Dougherty Music Scholarship
Recipient must be involved in an orchestral music group at Faith, evidence proven Christian character and conduct, and meet all other eligibility requirements.
• Far Eastern Missionary Scholarship
Recipient must be committed to missions and be most likely to go to Asia, preferably under Baptist Mid-Missions. Student must have successfully completed at least one semester of study at Faith and meet all other eligibility requirements.
• Esther Gee Scholarship
Recipient must be a food service employee in good standing, demonstrate good potential for completing a degree at Faith, evidence proven Christian character and conduct, and meet all other eligibility requirements.
• Joyce P. Grabiniski Scholarship
Recipient must have successfully completed at least one year at Faith, evidence proven Christian character, plan to enter the pastorate, and meet all other eligibility requirements.
• Grade Point Scholarship
Recipient must evidence proven Christian character and conduct, be enrolled as a full-time student, declare a pastoral major, and meet all other eligibility requirements.
• Graham Student Missionary Scholarship
Recipient must be enrolled in the missions program and seeking to enter a missionary ministry. Student must demonstrate potential for missions work, evidence Christian character and conduct, and meet all other eligibility requirements.
• Great Scriptures Scholarship
This scholarship is awarded to students who quote perfectly one of the designated portions of Scripture and meet all other eligibility requirements. Student may receive credit for one passage per semester as long as scholarship funds are available. Contact the Student Life Office for a list of the Scripture portions.
• Harold E. and Theodosia Gripp Grant
Recipient must demonstrate need, evidence proven Christian character and conduct, and meet all other eligibility requirements.
• Will and Eileen Hitchcock Memorial Scholarship
Recipient must be from Northeast Iowa (preference will be given to students from Walnut Ridge Baptist Church and/or Academy), evidence proven Christian character and conduct, and meet all other eligibility requirements.
• Raymond and June Hitz Memorial Scholarship
Recipient must plan to enter the pastorate, evidence proven Christian character and conduct, and meet all other eligibility requirements.
• John L. and Betty J. Hofmeister Scholarship         
Recipient must evidence proven Christian character and conduct, have successfully completed at least one year of study at Faith, and meet all other eligibility requirements.
• Husband and Father's Legacy Christian Service Grant
Recipient must have completed at least two years of study at Faith and be a married male student who has children under the age of ten; plans to be a missionary, evangelist, pastor, or youth pastor; evidences proven Christian character and conduct; and meets all other eligibility requirements.
• Robert E. Moritz Grant
Recipient must demonstrate need, evidence proven Christian character and conduct, and meet all other eligibility requirements.
• David Nettleton Christian Leadership Scholarship
Recipient must have successfully completed at least one semester at Faith and have demonstrated exceptional leadership ability. Student must seek to enter some aspect of Christian ministry, evidence Christian character and conduct, and meet all other eligibility requirements.
• John L. Patten Scholarship     
Recipient must plan to enter a specialized Christian ministry, evidence proven Christian character and conduct, and meet all other eligibility requirements.
• Irma Schwarck Scholarship
Recipient must demonstrate potential for a specialized Christian ministry, evidence proven Christian character and conduct, and meet all other eligibility requirements.
• Schildroth Home Missions Scholarship
Recipient must be a junior or senior at Faith who strongly desires to work in planting or assisting in planting churches in the United States.  The student must evidence proven Christian character, and meet all other eligibility requirements.
• Senior Class Scholarship
Recipient must be a returning senior who exhibits outstanding involvement in his or her Christian service during enrollment at Faith and meets all other eligibility requirements.
• Willard and Grace Stull Missionary Scholarship
Recipient must plan to enter a missionary ministry, have successfully completed at least one year at Faith, evidence proven Christian character and conduct, and meet all other eligibility requirements.
• Christian Thomsen Grant
Recipient must demonstrate need, show an interest in missions, and meet all other eligibility requirements.
• William A. Tock Scholarship
Student must plan to enter a specialized Christian ministry in the area of Christian schools, evidence proven Christian character and conduct, and meet all other eligibility requirements.
• Western Aid Scholarship
Recipient must be from a hometown west of the Mississippi River. Student must evidence proven Christian character, be a sophomore who has successfully completed one semester at Faith, and meet all other eligibility requirements.
• Irwin A. Weyhe Missionary Ministries Scholarship
Recipient must be a student who has successfully completed at least one year of study at Faith, is seeking to enter a missionary ministry, and meets all other eligibility requirements.

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