FINANCIAL AID » 2011- 2012 Financial Assistance

We understand the challenge of paying for your classes. That’s why we offer several ways to make your education more affordable. You can qualify for several kinds of assistance.

Work Study | Loans | Other Financial Assistance

 

DISCOUNTS

Classes in the flexible Master of Arts program are priced at $300 per credit hour. Courses in the Education and Counseling Ministries programs are priced at $400 per credit hour.

BBC alumni can save with 20 percent discounts in the M.A. and Counseling Ministries programs.

BBC alumni and Christian school teachers are eligible for 30 percent tuition discounts in the M.Ed. program.

Alumni need to have completed at least 12 credits at BBC to be eligible for the discount. Get all the details from Graduate Admissions. Email gradadmissions@bbc.edu or call 800.451.7664.

Federal Work Study

Federal Work Study is available on a limited basis. The priority deadline for applying is May 1.

An application for Federal Work Study begins by you, the student, filing the FAFSA , or Free Application For Federal Student Aid.

The second step in applying for Federal Work Study is to submit an application form for Student Financial Services to review. The application form is available here.

Loans

A student loan is an award of financial aid for which the lender will have to be paid back. Some loans are subsidized, meaning the federal government pays the interest that accrues on the loan from the date of disbursement until the loan is paid in full. Other loans are unsubsidized, meaning you will be responsible to pay all interest that accrues on the loan from the date of disbursement until it is paid in full.

You may need to carefully consider taking out a loan to help pay the costs of your education. View the Baptist Bible Lending Code of Conduct here.

The following information will be helpful as you consider student loans:

Loans
Eligibility
Amount
Application
Application Deadline
Federal Direct Stafford Loan
(Subsidized)
Need
$8,500
June 30, 2012
Federal Direct Stafford Loan
(Unsubsidized)
Cost of attendance
$12,000
June 30, 2010
Private Alternative Loan
- Co-signer may be required
- approved credit history
Up to full cost of academic year
Contact lender of choice
Varies


Baptist Bible College bases its selection of preferred loan lenders solely on the best interest of its students. Read more about the selection process here.

Though BBC makes every effort to ensure lenders on our list provide the least expensive loans and best service possible, students and parents have the right and ability to select the lender of their choice, regardless of our suggested lender list.


Federal Stafford Loan

The amount of Stafford Loan money a student may receive in a year depends on FAFSA results and the cost of attendance (based on enrollment status, such as full-time vs. half-time).

School Level
Stafford Loan Base Amount
Additional Unsubsidized Loan Amount
Graduate Level
$8,500.00
$12,000.00


The base amount for which you are eligible in a given academic year may include either or both subsidized and unsubsidized amounts, depending on your calculated need. For instance, if you are eligible (based on the FAFSA's EFC calculation) for a $2,000 subsidized Stafford Loan, you may also take a $6,500 unsubsidized Stafford Loan during the same year, for a total of $8,500 to bring you to the maximum base amount.

Stafford Loans are subject to a 0.5% origination fee and 1% default fee (total of 1.5%). The amount of money actually received by BBC and disbursed to your account will be 1.5% less than the amount borrowed. For example, if you borrow a Stafford Loan in the amount of $8,500, the actual amount disbursed to your account would be $8,372.50

Click here to download the Stafford Loan Request Form (2011-2012)

The Pennsylvania Student Loan Marketplace also offers alternative loans to students and their families in an effort to make them as affordable as possible. It is not only the place that you can see a side by side comparison of what your loan terms would actually be, however, it should be a helpful tool in making an informed decision as to the kind of loan and what lender would best suit your situation. Students are not required to use the Pennsylvania Student Loan Marketplace – you can choose any lender that you prefer.

To learn about and compare your loan options in the marketplace, click here.

To view the disclosure statement of the Pennsylvania Student Loan Marketplace, click here.



Other Financial Assistance

Thousands of other grants and scholarships are available. The power for accessing these scholarships lies with you. Remember: Help is available as you search.

Getting Started
The above link is your key to learning how to search for scholarships. It will help you maximize your potential to receive aid. It is well worth your time to read through this information. It won't take long and will give you direction. The following will also be helpful:

Graduate or Professional School Scholarship
Graduating college senior or college graduate. Scholastic ability. Continuing as first-year graduate student.

These websites also provide information about available financial aid. Apply for as many for which you are eligible. Use this list as a starting point, but do not limit yourself to just these websites. Do some research. You will find much is available for you.

Planning Tools and Calculators
American Education Services (AES) - Account access for your loan information
Calculators from PHEAA - Good tool to budget for success, plan for saving, know your monthly loan repayment.
College.gov - Good source for college information
Fast Web - Search for scholarships
Finaid.org - Guide to financial aid
Mortgage Loan.com - College savings calculator tool.
Peterson's Guide
U.S. Department of Education

FAFSA Tools
Department of Education PIN Registration
FAFSA on the Web - Apply for FAFSA via the web
Federal (Title IV) School Code Search - Find your school's code

Organizations for Financial Aid
NASFAA - National Association of Student Financial Aid Administrators
NSLC - National Student Loan Clearinghouse
NSLDS Student Access - Review your Stafford Loan aggregate amount
PASFAA - Pennsylvania Association of Student Financial Aid Administrators