FINANCIAL AID » 2010-2011 Scholarships and Other 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.

Scholarships | Work Study | Loans | Other Financial Assistance


2010-2011 Scholarships & Grants

BBC Graduate Scholarships & Grants
Requirement
Amount
Application
Application Deadline
New Student Graduate Grant
- First time, first semester student (cannot be used in conjunction with Academic Assistance Grant)
$100 per credit hour
N/A
N/A
Academic Assistance
Grant
Must be enrolled six or more hours per semester (cannot be used in conjunction with New Student Graduate Grant)
$100 per credit hour
N/A
N/A
Multi-Teacher Grant Two or more full or part time students teaching in the same Christian school who are enrolled in the M.S. in Christian School Education program at the same time. Two teachers each receive 10% off their tuition. Three teachers receive 20%, four receive 30%, five receive 40%, and six or more receive 50%. Contact Graduate Admissions 30 days before first day of class.

Definitions


Full-Time
The definition of "full time” varies depending upon your graduate program. The following shows the number of credits per semester required to be full time in each program. Credits can be spread over one or more sessions of three credits each within any given semester.

M.S. in Christian School Education = Six credits per semester.
M.S. in Counseling Ministries = Six credits per semester.
Masters of Arts = Six credits per semester.

Semester
A “semester” is defined by the school as the following periods of enrollment:

Fall = Any classes taken from August through December.
Spring = Any classes taken from January through May.
Summer = Any classes taken from May through August.

Semesters may be made up of one or more online sessions.

If you have any questions about whether you are full time in any given semester, please contact Student Financial Services.


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 six months after the student leaves school or graduates. 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:


BBC Graduate Loans
 Eligibility
Amount
Application
Application Deadline
Federal Direct Stafford
Need/ Cost of attendance
$8,500
June 30, 2012
Federal Direct Unsubsidized Stafford
Cost of attendance
$12,000
June 30, 2012
Alternative Private Loan
Co-signer may be required; approved credit history
Up to full cost of academic year
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.

You may apply for an alternative loan by clicking on one of the following lenders.

Chase Select
CitiBank
Citizens Bank - Trufit Student Loan
Discover Student Loans
PNC Bank - The Solution Loan
SallieMae - The Smart Option Loan
Suntrust - Custom Choice
Suntrust - Academic Answer

To compare the loans, click 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 Direct 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).

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.

Stafford Loans are subject to a 0.5% origination fee. The amount of money actually received by BBC and disbursed to your account will be .5% less than the amount borrowed. For example, if you borrow a Stafford Loan in the amount of $5,000, the actual amount disbursed to your account would be $4,975.

Click here to download the Federal Direct Stafford Loan Request Form (2010-2011).
Click here to download the Federal Direct Stafford Loan Request Form (2011-2012).


Other Sources of Financial Aid

Thousands of grants and scholarships are available. The power for assessing various scholarships lies with you. Remember - help is available as you search.

The websites listed below also provide information about available financial aid. 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.

American Education Services (AES) - Account access for your loan information through 2009-10
CollegeNET
College.gov - Good source for college information
Department of Education PIN Registration
Entrance Counseling for Loans – www.studentloans.gov
Exit Counseling for Loans – www.studentloans.gov
FAFSA on the Web - Apply for FAFSA via the web
Fast Web - Search for scholarships
Federal (Title IV) School Code Search - Find your school's code
Finaid.org - Guide to financial aid
Master Promissory Note ( MPN) – www.studentloans.gov
NSLC - National Student Loan Clearinghouse
NSLDS Student Access - Review your Stafford Loan aggregate amount
Peterson's Guide
PHEAA - Pennsylvania Higher Education Assistance Agency
Student Loans - Account access for your loan information beginning 2010-11
The College Board
U.S. Department of Education
Wired Scholar - Search for scholarships

If you need assistance at any time, feel free to contact the Office of Student Fiinancial Services at 570.585.9215 or 800.451.7664 option 5 or email us at financialaid@bbc.edu.