Seminary Financial Aid Application
FAITH BAPTIST THEOLOGICAL SEMINARY
FINANCIAL AID APPLICATION 2015–2016
Faith Baptist Theological Seminary offers several sources of student financial aid. Follow the steps below to apply for financial aid for the 2015–2016 school year. If you are a new student, complete the application and the EFC Calculator at the same time you apply to the seminary.
STEP 1: CHOOSE THE RIGHT SCHOLARSHIPS.
|Scholarship||Amount||Student Status||Degree||Information/Requirements||When to Apply|
|Church Match Scholarship||$1000||Part- or Full-Time||M.A.R.
Available to students who plan to enter full-time ministry. If a church gives $500, FBTS will match the amount, making a total of $1,000. 2.0 GPA Minimum
Awarded to full-time students in any program who show exceptional academic and ministerial potential. Financial need is also considered. 2.5 GPA minimum.
|When applying for admission to FBTS|
|Faithful Servant Scholarship||50% tuition discount on first three 2-credit courses||Part- or Full-Time||M.A.R.
|For pastors, assistant pastors, and missionaries who are new students. A new student is one who has never taken a class at FBTS or has not taken a seminary class for credit in the three years prior to applying for this scholarship. 2.0 GPA minimum.||When applying for admission to FBTS|
|FBTS has over 25 endowed scholarships for degree-seeking students. Review which scholarships you are eligible for here or in the seminary catalog.
You must identify which institutional scholarship(s) you are applying for on the form below. 2.0-2.5 GPA minimum.
|Bellevue Church Foundation Scholarship||Varies||Fulltime||M.Div.||Applicants must contact the seminary office for the Bellevue application. 2.3 GPA minimum.||March 31|
STEP 2: COMPLETE THE FINANCIAL AID APPLICATION.
Click here for the application. After you have submitted your application, return to this page to complete Step 3.
STEP 3: SUBMIT THE EFC CALCULATOR REPORT
You must complete and submit the Expected Family Contribution (EFC) Calculator to help us determine financial aid.
1. Complete the EFC Calculator.
2. E-mail the EFC Calculator report to yourself (or print it).
All information is confidential and will only be used in determining financial aid.
Tuition, Room, Board, and Fees
For a Student Taking 14–18 Credit Hours a Semester in the 2014–2015 School Year
|Estimated Other Expenses|
|Books and Supplies||582||1,164|
|Estimated Other Expenses||2,229||4,458|
|New Student Reservation Fee||200||One Time|
|1-13 Credit Hours||570||Per Credit Hour|
|More than 18 Credit Hours||552||Per Credit Hour|
|2014-2015 Summer School||417||Per Credit Hour|
|2014-2015 Audit||299||Per Credit Hour|
|Student Benefit Fee (6 hours or more)||244||Per Semester|
|Student Benefit Fee (fewer than 6 hours)||118||Per Semester|
Faith Baptist Bible College offers institutional aid ranging from $2,500 to $15,000 a year. This aid is in the form of scholarships and endowments.
• Up to Full-Tuition Scholarship
• President's Scholarships
• Academic Excellence Scholarship
• Program Scholarship
• Faith Scholarship
• Great Scriptures Scholarship
• Campus Visit Scholarship
• Christian Workers's Grant
Click here to find the details of these scholarships and learn of more scholarships.
To qualify for these scholarship, you need to
1. Apply to Faith
2. Complete your FAFSA
3. Attend Scholarship Weekend in the spring of your senior year
4. Meet GPA and Act score requirements
5. Complete your Financial Aid Student Information Form
Check out our Net Price Calculator for a quick and easy way to see an estimate of your total college costs and your financial aid.
For further information, contact the Admissions Department at 1.888.324.8448.
Applying for Financial Aid
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 $45 application fee online or you can mail it to our Admissions Department.
You must complete the FAFSA (Free Application for Federal Student Aid) in order to qualify for any financial aid, including institutional, federal, or state aid. Complete the FAFSA online at fafsa.ed.gov as soon as possible after January 1, using your 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. It is not a means to apply for any loan or personal scholarship. Visit fafsa4caster.ed.gov for more details.
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.
All federal aid will be sent directly to Faith and disbursed into the student's account each semester. First time recipients of financial aid must attend Faith at least 30 days before they can receive their first disbursement, which will come at the end of September. The second disbursement will come at the end of February. Aid will not be disbursed until the student has completed all financial aid paperwork that has been requested by the Faith Financial Aid office. 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.
The US Department of Education authorizes at least 30% of all FAFSAs are selected for verification. If you are selected, you will then be asked to supply all tax information that was used to organize your FAFSA (parents' taxes and students' taxes) and W2s. After the verification has taken place, the student will receive a letter letting them know what aid is accessible to them.
How Do I Qualify for the Pell Grant?
Pell grants are often the first resource for college students. These grants are determined by your FAFSA. Pell Grants currently offer students more than $5,000 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 through an electronic transfer from the U.S. Department of Education to Faith each semester.
• Students must be a U.S. citizen or an eligible noncitizen.
• A student enrolled half-time in an approved course of study will receive half of the maximum award allotted. A student who is enrolled full-time and who demonstrates a financial need will receive the full award allotted.
• Students must have a high school diploma or something comparable.
• Students must have a valid social security number.
• Male students much be registered for Selective Service.
• Students must maintain Satisfactory Academic Progress.
If students do not achieve Satisfactory Academic Progress, they will be on probation. During that time they can still receive financial aid for the next semester. However, if they do not improve their GPA, they will be on Academic Suspension and will not be allotted financial aid until they improve their grades. For more information about the Satisfactory Academic Progress policy, consult the Financial Aid Handbook.
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. Click here to find the next Scholarship Weekend dates.
Although Faith does not persuade students to take out loans, we realize sometimes that is what is needed. Faith will not certify a loan unless a FAFSA online interview has been completed. It is important to remember that FAFSA is not an application for a loan. It is also important to research loans very carefully. You should look for banks and lenders who offer good interest rates.
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 6—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. A $25 late fee will be assessed if the down payment is not received by the due date. Returning students are to pay a down payment of $1,000 by July 15. A $25 late fee will be assessed if the down payment is not received by the due date.
Step 7—Payment of Balance Due
To help you figure your total costs, complete the Estimated Charges and Financial Aid Worksheet. You then 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. [link to the form]
Failing to complete all the payment arrangements by the first day of each semester will result in a $100 late fee. Interest of 12% APR is charged on the first of any month in which charges are not completely covered. Exceptions to any payment procedure must be approved by the Vice President for Business/CFO before the start of the semester.
Delinquent accounts will result in the withholding of degrees, diplomas, and official transcripts until payment has been made in full. Unpaid accounts will be subject to the collection procedures of the college.
studentaid.ed.gov—for more resources on savings programs
finaid.org—for more resources on scholarship information
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