BBS » Costs & Financial Aid

Baptist Bible Seminary Financial Assistance

Financial Assistance | Work Study | Loans | 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

BBS Scholarships
Requirement
Amount
Application
Application Deadline

Training Timothys Scholarship

(for M.Min. and M.Div. students)

Full-time according to program of study; master’s student
Per year: (half from church, half from BBS) -$4,000 M.Div. -$2,000 M.Min.
N/A
Wives’ Tuition Grant
Wife of full time M.Div. student
Two free classes (up to six credit hours).
U.S. Army Chaplain Candidate Program
Fulfill active duty requirements in the summer
Varies
N/A

 


Definitions

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 or a combination of modules, once a week, and online classes.

If you have any questions about whether your 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 July 1.

An application for Federal Work Study begins by you, the student, filing the FAFSA , the 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. All loans for graduate students are unsubsidized loans. This means that you, the student, will be responsible to pay all interest that accrues on the loan from the date of disbursement until the loan 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 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 the only 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.

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

Loans
Eligibility
Annual Amounts
Application
Application Deadline
Federal Direct Stafford Loan (unsubsidized)
Cost of attendance
$20,500*
- FAFSA

Complete Entrance Loan Counseling and Master Promissory Note at www.studentloans.gov -Submit a Federal Stafford Loan Request Loan Form 2013-2014 to the Office of Student Financial Services
June 30, 2014
Alternative Loan
Co-signer may be required; approved credit history
Up to full cost of academic year
- Apply Now
- Contact the lender of your choice
Varies


*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).

Federal Direct Stafford Loans are subject to a 1.072% origination fee. The amount of money actually received by BBC and disbursed to your account will be 1.072% less than the amount borrowed. For example, if you borrow a Federal Direct Stafford Loan in the amount of $8,500, the actual amount disbursed to your account would be $8,409. The interest rate for 2013-2014 will be 5.41%.

Click here to download the Federal Direct Stafford Loan Request Form (2013-2014)

 

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.

Scholarship monies are available from multiple sources - it pays to do your homework!

The following will also be helpful:

Seminaryscholarship.com
is sponsored by Logos Bible Software and open to all students currently enrolled in an accredited theological seminary in North America or those who will enroll in the next eight months. The one-time scholarship is awarded to a different student every quarter.

Planning Tools and Calculators
These websites also provide information about available financial aid. Apply for as much as 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.

For further assistance: Call 570.585.9215 or 800-451-7664, option 5 or e-mail the Office of Student Financial Services at financialaid@bbc.edu.