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Financial Aid

• Financial Aid \

Overview

Nazarene Bible College offers financial aid in the form of grants, scholarships, loans, and employment. Federal aid includes the Pell Grant, Supplemental Educational Opportunity Grant (SEOG), Work-Study, as well as the Perkins Loan and Stafford Loan programs, which provide long-term, low interest loans. In addition, there is a limited amount of institutional aid through the college. Individual financial aid may be comprised of one or more of these types of aid. Applications for all forms of financial aid are available in the Financial Aid Office. Consumer information related to the financial aid programs of Nazarene Bible College, its policies and procedures, and student eligibility may be obtained by contacting the Director of Financial Aid.

Generally, financial aid is tailored to help meet the needs of the student, but both the student and the college must recognize that the primary responsibility for paying college expenses rests with the student.

Eligibility for the various types of aid is determined by analyzing the information provided on the Student Financial Aid Application. The student may apply for one or more types of aid depending upon qualifications and the funds available. The student must be enrolled for at least four hours and be in good academic standing to be eligible for federal aid. However, the student may, in certain cases, be eligible for a federal Pell Grant for enrollment of less than four hours. Students must be enrolled in at least eight credit hours to receive institutional aid. All financial aid is disbursed by crediting one-third of the total award to the student's account each trimester.

A student must reapply each year for federal aid and institutional aid. The Director of Financial Aid is responsible for the administration of all financial aid funds.

Limitation

A student not officially pursuing degrees or certificates is not eligible for federal aid.

Forfeiture

A student placed on probation because of disciplinary or academic reasons may forfeit all rights to financial assistance. If a student drops below eight hours, institutional aid is forfeited at the rate of refund listed in Policy on Refunds section.

Nazarene Bible College Alumni Matching Grant

A special one-time matching grant is available to new or transfer students according to the following policy:

1. Funds given by the student's home Church of the Nazarene will be matched by the Alumni Association. The maximum amount per student will be established each year. Currently, the Alumni Association will match up to $150.00 from the student's home Church of the Nazarene.
2. The student must be enrolled for 8 credit hours or more.
3. The student should present a letter from the pastor of the church making the grant, indicating the student(s) to receive the grant.

Veterans Benefits

Nazarene Bible College is approved for the training of veterans. At the present time, the specific approved programs for which the veteran may receive educational benefits are the Bachelor of Arts in Ministry and the Associate of Arts in Lay Ministry.

Advisory assistance and the V.A. forms and applications can be obtained from the Financial Aid Office.

For information about the GI Bill and Educational Benefits visit the GI Bill Web Site.

Selective Service

Please note that male citizens of the U.S. and male immigrant aliens 18 through 25 years old must be registered with the U.S. Selective Service System to be eligible for federal student loans and grants. Men can register at any post office, or register now on-line at www.sss.gov/regist.htm.