Are all students eligible to receive Bethany financial aid?

 No, only degree seeking (MA/MDiv) or certificate(CATS) students are eligible. Students must be in good academic and financial standing to receive aid. Occasional students are not eligible to receive financial aid and must pay full tuition

 Who has to pay the $800 base amount?

All degree and certificate students will pay the base amount, $800 for the 2010-2011 academic year. This will be paid regardless of how many classes are being taken.Occasional students will pay full tuition, $1,260 per class in 2010-2011.

Is financial aid available for online and/or off campus classes?

Yes, aid is available regardless of where the class is taken or in what format.

Is there a limit to the number of Academic Excellence Scholarships or Church Service  Covenant awards to be given?

No, all students who meet the requirements will receive these awards.

Can Federal Work Study money be used to pay the $800 base amount?

No, the base amount and any other tuition charges must be paid by the first day of classes. This can be done three ways: by paying the balance in full, using federal loan funds or signing a promissory note and making three monthly payments.

If i'm only taking classes in the spring term can I still receive financial aid?

Yes, but all paperwork must be completed by the deadline of June 15 for continuing students. New students entering in the spring will have till December 1 to get paperwork completed.

What other costs are there besides the $800 base amount payment?

  The only other costs for degree, MA and MDiv students will be the Cross Cultural bank contribution. This is $100 per semester for MDiv students and $150 for MA.  CATS and Occasional students do not have to pay this charge. There is a late registration fee of $50 for registering after the standard registration period. There is also a $50 late drop fee for dropping a class after the initial two week period. FOr a complete listing of tuition and fees click here.

What are the deadlines to apply for aid?

  Current students must submit an essay for the Church Service Covenant by May 15.  All other material; FAFSA and need-based application, must be submitted by June 15. Award letters will be sent July 1. Entering students must submit all materials by July 15 if starting in the fall semester, December 1 if starting in the spring(including January Intensives) and March 15 if beginning with a May Intensive.

  When will the bills be sent and due?

  Account statements for the fall semester will be sent August 1 and be due the first day of semester long classes.  If starting with an August Intensive bills will be sent July 1 and be due the first day of class. For the spring semester bills will be sent by January 1 and be due the first day of semester long classes. Accounts must be paid by the start of semester long classes. This can be done by paying in full, using federal loan funds or signing a promissory note and making three monthly installments. 

Federal Work Study 

How much will Work Study jobs pay?

Compensation will vary depending on the job and it's responsibilities and duties.

How do I apply for a federal work study job?

   Follow the same instructions for federal loans and if you demonstrate financial need you'll also need to complete a work study job application.

Academic Excellence Scholarship 

 Do I have to apply for the Academic Excellence Scholarship?

No, all degree and certificate students will have their academic performance reviewed by the faculty and dean at the May faculty meeting. Scholarships will be awarded based on their decision and no action is needed by students to receive the award. Notification will be sent by the dean by June 1. Eligibility for entering students will be based on their GPA, application essay, faculty interviews and recommendations. 

How much does the Academic Excellence Scholarship cover?

  The award is available to cover either 40 or 50% of tution costs after the base amount has been paid. 

 Federal Loans

 What are the requirements to apply for a federal loan and/or work study job?

  You must be enrolled at least half time, or taking six credit hours per session. You must also be imaking satisfactory academic progress.  

What types of federal loans does Bethany offer? 

    We offer Subsidized and Unsubsidized loans through the Direct Loan program. The interest rate is currently 6.8% on both. Unsubsidized loans accrue interest while in school, Subsidized do not. You have the option of deferring this interest till graduation. 

Are there limits on how much I can borrow?

   Yes. For graduate students you can borrow up to $20,500 annually. The maximum Subsidized amount is $8,500 per year. There is also a lifetime Stafford limit of $138,500, $65,500 in Subsidized. 

 How do I apply for federal loans?

   You will need to fill out the Free Application for Federal Student Aid (FAFSA) and a separate Bethany application. 

When are loan checks given out?

  Loan disbursements are made the first day of each semester.  Any tution and fees owed will be deducted from the loan amount and a check for the remainder will be issued.

  When does loan repayment begin?

Both types of  loans have a six month grace period to begin repayment after graduation, withdrawl or falling below half time status. 

Need-based Aid 

   Need based aid is available to students who demonstrate financial need. They must apply by completing the FAFSA and Bethany application. Qualifying students may receive need based aid to cover any unmet tution costs after the base amount is paid. Need based aid does not need to be repaid. 

Church Service Covenant

How much does the Church Service Covenant cover?

    This award will cover 50% of tution costs after the base amount has been paid. 

How do I apply for the Church Service Covenant?

   Returning students will need to complete an essay by May 15 to apply. This essay must demonstrate that the students vocational calling meets one of the criteria to receive the award. They will also need to show appropriate academic progress by crediting classes at a pace to complete their degree in the alotted time, including a ministry formation placement consistent with their calling to church service or the MA thesis project. Entering students will submit an essay as part of the application process and be asked to submit a letter of recommendation from someone familiar with theie calling.