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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 |
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. |
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N/A |
Wives’ Tuition Grant |
Wife of full time M.Div. student |
Two free classes (up to six credit hours). |
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U.S. Army Chaplain Candidate Program |
Fulfill active duty requirements in the summer |
Varies |
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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 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 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 (subsidized) |
Need/ Cost of attendance |
$8,500 |
- FAFSA
Complete Entrance Loan Counseling and Master Promissory
Note at www.studentloans.gov -Submit a Federal Stafford Loan Request Loan Form 2011-12 to the
Office of Student Financial Services |
June 30, 2012 |
Federal Direct Stafford Loan (unsubsidized) |
Cost of attendance |
$12,000 |
- FAFSA**
Complete Entrance Loan Counseling and Master Promissory
Note at www.studentloans.gov -Submit a Federal Stafford Loan Request Loan Form 2011-12 to the
Office of Student Financial Services |
June 30, 2012 |
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 |
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.
Federal Direct 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 Federal Direct Stafford Loan in the amount of $8,500, the actual amount disbursed to your account would be $8,457.50
Click here to download the Federal Direct Stafford Loan Request Form (2011-2012)
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:
Graduate or Professional School Scholarship
Graduating college senior or college graduate. Scholastic ability. Continuing as first-year graduate student.
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 awareded to a different student every quarter.
Planning Tools and Calculators
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.
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.
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