Financial Information^*

*(Tuition, dormitory costs, and all other fees are subject to annual review and change)

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General Costs

Tuition Per Semester: $200 per unit (Scheduled increase to $225 per unit for Spring 2007).

An Institutional Credit of up to 6% to a maximum of $210 per semester (3% if paid for by credit card) will be applied if all charges are paid in full prior to the first day of class. IN NO CASE WILL S.B.C. INSTITUTIONAL (NOT FEDERAL OR STATE AID) FINANCIAL AID AND/OR CREDITS EXCEED THE AMOUNT OF SEMESTER CHARGES.

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Housing

*Full time unmarried students have priority for placement in on campus housing.

A $100.00 deposit is required to reserve space in the dormitory. Upon occupancy, this deposit may be applied to the cleaning fee. Off campus housing in the proximity of Shasta Bible College includes both apartments and single family dwellings. Rental prices for such housing begin at around $600 for apartments and $900 for single family dwellings.

Dormitory occupancy during the summer months may be available by special arrangement with the Business Office.

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Special Fees

Non-Refundable Fees:

* Student Activity fee applies only to students who are taking classes at the Redding Campus and may be waived in the case of students who do not plan to participate in any school sponsored student activities.

Refundable Fees:

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Audit Costs

Students who want to attend class meetings, but do not want to receive academic credit, may audit approved classes. Auditors are not required to complete assignments or take examinations. (Audit cost may differ for selected evening school classes.) 

Students who take 15 units or more in a semester may audit one class for no additional cost upon approval of the professor.

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Senior Citizen Discount

Senior Citizens (age 60 and over) may take any regularly scheduled on-campus class* for a $35 registration fee per class, plus 5% of the normal tuition (audit or credit). For example, a 3 unit class, with a regular tuition of $600, could be taken for credit for $65 ($35 registration plus $30 discounted tuition), or the same class could be audited for $50 ($35 registration plus $15 discounted tuition). Other fees applicable.

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Typical Year Costs

For a single student carrying a full-time load (16 units), the following cost estimates emerge for the first year of school (8 months).

Costs for books may vary depending on the student’s program and academic load.

Miscellaneous personal expenses not covered include the following: clothing, laundry, cleaning, dental, baby-sitting for married couples, entertainment, transportation, etc. A city bus stops hourly at Shasta Bible College and serves the entire community for a reasonable fare.

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Payment of Accounts

Charges for tuition and fees, including dormitory charges, are all due and payable at the time of registration. For the convenience of students and their parents a deferred-payment plan is available.

Students are not considered registered and may not be admitted to class until they have either paid all their semester’s costs in full or are adhering to the deferred payment plan.

All financial accounts must be paid in full or be current before grades, transcripts, or diplomas will be released. Students must clear their accounts before taking final exams unless arrangements have been made through the Business Office. A charge of $50.00 per $1,000 on outstanding balances will be assessed. See the Director of Financial Aid for details.

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Financial Dismissal

Students who demonstrate a consistent disregard for their financial responsibilities (i.e., tuition, dorm fee, utilities, and other fees) to Shasta Bible College may be subject to eviction, suspension, and/or dismissal by the Administrative Committee.

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Withdrawal from School

A student may be entitled to a refund under the following guidelines, providing proper withdrawal procedures are completed. Failure to attend classes will not entitle a student to a refund unless the proper withdrawal procedures are followed.

Students on the deferred payment plan, who still owe part of their semester’s costs at the time of withdrawal, will have their refund deducted from the balance due. If the refund does not exceed the balance due, the remaining balance must be paid prior to withdrawal.

Refunds to students who are dismissed for academic deficiency or misconduct will be subject to administrative review.

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Right to Cancel and Refund Policy

THE FOLLOWING DISCLOSURES ARE MADE IN COMPLIANCE WITH SECTIONS

94810 AND 94820 through 94825 OF THE CALIFORNIA EDUCATION CODE: 

1. BUYERS RIGHT TO CANCEL: The undersigned student has a right under California Education Code, section 94810 (a)(7) to cancel this agreement at any time and receive a refund in accordance with this institutions refund policy. The student must complete a withdrawal form expressing the student’s desire for withdrawal or leave of absence. The forms may be obtained from the college Registrar’s Office. The form should be completed by the student and returned to:

Registrar, Shasta Bible College, 2951 Goodwater Ave., Redding, CA  96002.

2.  REFUND POLICY: Tuition refund for students who have completed 60% or less of the course of instruction of any course shall be a pro rata refund. No refund may be claimed after 60% of the course has been completed. A student’s refund will be calculated as follows:

Withdrawal in the first two weeks: 100% refund,

3rd week: 80% refund

4th week: 70% refund

5th week: 60% refund

6th week: 50% refund

7th week: 40% refund

8th week: 30% refund

9th week: 20% refund

after the 9th week, no refund.

For classes not conducted on the traditional 15 week semester basis, the tuition refund will be calculated on an equivalent pro rata basis.

EXAMPLE: An on campus student enrolls for 12 units at a cost of $2,575 including fees, and housing is $825, the total semester cost is $3,400. The student then withdraws after the 6th week. Tuition refund is $1,200, and housing refund is $412.50. There is no refund of fees. Refunds will be made only on amounts actually paid. 

3.  STATE OF CALIFORNIA STUDENT TUITION RECOVERY FUND:   

California law requires that this institution pay a fee each time a student enrolls. This fee supports the Student Tuition Recovery Fund (STRF), a special fund established by the California Legislature to protect any California resident who attends a private postsecondary institution and experiences a financial loss as a result of closure of the institution, the institution’s breach or anticipatory breach of the agreement for the course of instruction, a decline in the quality or value of the course of instruction within the 30 day period before the institution’s closure, or the institution’s refusal to pay a court judgment.

To qualify for an STRF reimbursement, applicants must be California residents and must have resided in California at the time the enrollment agreement was signed, or when they received lessons at a California mailing address from an approved institution offering distance education. Students who are temporarily residing in California for the sole purpose of receiving an education, specifically those who hold student visas, are not considered California residents.

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Financial Aid

Financial Aid Overview

In order to offset some of the cost of attendance, Shasta Bible College participates in Title IV Federal Financial Aid grant programs for all eligible students and the Cal Grant program for students who are eligible residents of California. Shasta Bible College does not participate in any type of school sponsored student loan program. All programs are administered through the Financial Aid Office.

Basic to the philosophy of education of Shasta Bible College is the conviction that Christian higher education should be oriented to the divine scriptures, the Bible, finding in its frame of reference a basis for the integration of all knowledge. As such, we believe that financial irresponsibility is unacceptable in Christian leadership, and do not encourage our students to incur any unnecessary debt.

While the application as a student to SBC and financial aid application are two separate processes, students must be admitted to SBC before any financial aid commitments will be determined. The financial aid application, The Free Application for Federal Student Aid is free and easy. It can be completed electronically or in a paper format, the FAFSA application does take time to be processed through the federal processor. Students are encouraged to allow enough time to complete the process and pay the required fees when registering.

Charges for tuition and fees, including dormitory charges are all due and payable at the time of registration. Discounts of 3-6% for payment in full of all charges prior to the first day of class are available. Payment plans may be negotiated at the discretion of the institution. All financial accounts must be paid up to date before grades, transcripts or diplomas will be released. Students must clear their accounts before taking final exams.

Typical Semester Costs

Financial Aid Programs

Federal aid comes from the U.S. Government.

PELL GRANT: Gift aid that is given based on financial need. It is a need-based program designed to assist low-income families. It is the first type of assistance for which all students are evaluated based on the family’s ability to pay. The maximum Pell Grant for 06/07 is $4050.

Campus based aid: Money that the government provides to SBC to give to students through the Financial Aid Office.

Federal Supplemental Education Opportunity Grant. Grant money to assist students who have high need. Generally, high need is determined by the student’s Pell Grant eligibility.

Federal Work Study. A limited number of on-campus jobs are available to assist students who are able to work to earn a portion of their financial aid. Students are paid $7.00 per hour and work 3-5 hours per week. Where possible, jobs are designed to be in line with a student’s educational goal.

PIN: The first step in the electronic application process is to obtain a PIN - a Personal Identification Number. It is your electronic signature. Both students and parents obtain their own number. It never expires and parents can use their pin for all brothers and sisters applying for student aid. http://www.pin.ed.gov.

FAFSA: The Free Application for Federal Student Aid will ask questions regarding your education plans, financial information and schools to send your information. This information will assist the Financial Aid Office to determine your eligibility. A worksheet can be downloaded to help you through the process. http://www.fafsa.ed.gov.

SBC Scholarships: Shasta Bible College offers a limited number of scholarships. Students should check the catalog for eligibility and any additional forms necessary. The scholarships offered by SBC will be applied towards the student’s account. There is no cash value and cash will not be paid to the student. Should the student’s expenses be covered by other assistance, the award may be carried forward to another semester of study. Any combination of awards will not exceed student’s need.

DISTANCE EDUCATION: Students taking courses via distance education may qualify for federal aid. Those who do not qualify based on the FAFSA may apply to the Distance Education Committee for assistance towards their tuition expenses. The application can be filled out online.

Cal Grant Programs: If you graduated from a California high school and meet the eligibility criteria, you may be eligible for a Cal Grant Entitlement or Competitive award. Cal Grant Entitlement awards are guaranteed for every qualified high school senior or recent graduate who applies by March 2; Cal Grant Competitive awards are for other qualified students who are high school seniors or recent graduates based on a competition. Cal Grant Competitive awards are limited.

Cal Grant A Entitlement awards are guaranteed for every graduating high school senior who has at least a 3.0 grade point average, meets the requirements and applies by March 2 of their senior year or within one year of graduating. The application requires the FAFSA and the Cal Grant GPA form. This award pays for tuition and fees up to $7,550.

Cal Grant A Competitive awards are guaranteed for every graduating high school senior who has at least a 3.0 Grade Point Average, meets the requirements and applies by March 2 of their senior year or within one year of graduating. Selection is based on a composite score that takes into consideration your GPA, family income, time out of high school, parent’s educational levels and other factors such as whether you come from a single-parent household or you are or were a foster youth.

Cal Grant B is for low-income students who have at least a 2.0 Grade Point Average. The award for most first-year students is $1,551 and may be used for books, living expenses and transportation as well as for tuition and fees. When renewed or awarded beyond the first year, you’ll receive an additional award specifically for tuition and fees, the same amount as the Cal Grant A.

Cal Grant B Entitlement awards are guaranteed for every high school senior who has at least a 2.0 GPA, meets the requirements and applies on time.

Cal Grant Competitive awards are for other eligible students who have at least a 2.0 GPA and apply on time. Selection is based on a composite score that takes into consideration your GPA, family income, time out of high school, parent’s educational levels and other factors, such as whether you come from a single-parent household or you are or were a foster youth.

You apply for a Cal Grant by submitting the FAFSA as soon as possible after January 1 and no later than the postmarked deadline of March 2. You must also submit a verified Cal Grant GPA (or GED, SAT or ACT test score if you don’t have a GPA) to the California Student Aid Commission by the March 2 deadline. Additional information regarding Cal Grant awards can be found at www.csac.ca.gov.

Chafee Grants for Foster Youth: Up to $5,000 a year for college is available if you are or were a foster youth. To apply, you must file the FAFSA and the California Chafee Grant Application which is available on line at www.chafee.csac.ca.gov.

Satisfactory Academic Progress Policy

All financial aid recipients must maintain ‘Satisfactory Academic Progress’ in their chosen course of study in order to continue to receive Federal Title IV Assistance. Satisfactory Academic Progress has four components:

A.            An acceptable grade point average. The minimum standards of achievement for students are a cumulative grade point average of 2.0 for all units earned at SBC and a 2.0 semester grade point average for the semesters under review.

B.          An acceptable number of units attempted to units completed. Degree requirements at SBC are 128 semester units with a minimum cumulative grade point average of 2.0 for an Bachelor of Arts Degree. You will be expected to complete our educational goal by completing your degree, or reaching 192 units, whichever comes first. The general catalog provides the college wide degree requirements.

C.      A period of review: Each student's progress will be reviewed at the end of each semester. All coursework completed at SBC, whether or not the student received financial aid will be considered.

D.      Specific policies for defining the effect of course incompletes, withdrawals, repetitions and noncredit remedial courses. Transfer credits, non-credit remedial courses, withdrawals (unless withdrawal/F) and incompletes are not counted in the cumulative GPA completed. Students that withdraw from all classes after the two-week add/drop period will be placed on probation or suspension depending on their prior semesters SAP.

How to stay on track? Good study habits and get help when you need it.

What happens if you don't meet the standards? You will receive one semester as a PROBATIONARY semester. If you do not meet the standards for a second semester, you may appeal to the Academic Committee. The maximum units a student may be granted for an appeal may not exceed 150 of the degree requirement.

Students Who do not Meet the Above Criteria: Any units earned during the

Maymester/summer will count toward the GPA requirement and the unit maximum.

However, if six or more units are completed for the Maymester/Summer that apply to the student's degree, then those units may be considered for reinstatement of financial aid and removal from one probation status level, depending upon units needed to makeup for probation/dismissal status.

If there has been an error on the student's transcript that resulted in probation or suspension, it is the student's responsibility to provide a corrected unofficial transcript to the Financial Aid Office after the error has been corrected.

What is Probation Status? Students who have one semester of unsuccessful progress, with either units or GPA will be placed on financial aid probation during their next semester of enrollment. Students must reestablish their academic progress during the probation semester to regain regular standing.

What is Suspension Status? A student who has two consecutive semesters of unsuccessful progress, either with low GPA, lack of completed units or excess units will be placed on financial aid suspension. You will not be eligible for financial aid for the semester that you are using to reestablish your eligibility.

How to reestablish Regular Standing: You must complete the number of units enrolled in, with a minimum GPA of 2.0 and a minimum of six units without financial aid. Students enrolling in less than 6 units may reestablish their eligibility for the number of successful units completed.

Appeals: Students denied financial aid for lack of SAP may submit a written appeal to the Financial Aid Appeals Committee. The students will be permitted to present written evidence of special circumstances in consideration of an extension of an additional probationary semester. The appeal application may be requested from the Financial Aid Office.

Appeals are considered for the following: Medical, Family Emergency, Disabilities, Remediation, Reentry Student (three-year break in education), and other mitigating circumstances. Military Deployment: Students who have been deployed for military reasons may have an additional probation semester upon return.

The Financial Aid Appeals Committee reviews all appeals. Students will be notified in writing of the outcome and of the conditions of their probationary term if granted. All decisions of the committee are final. Upon notification of the committee's decision, the student must meet the terms of the appeal before reinstatement.

Withdrawing and Repaying Financial Aid: Students withdraw for a variety of reasons. If you withdraw from all of your classes before the 60% enrollment period, you may owe money back to federal financial aid programs. According to the day you withdraw, we will calculate any funds owed back to federal programs. It is your responsibility to withdraw officially if you must.

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SCHOLARSHIPS AND AWARDS

Shasta Bible College is eligible to participate in the following Title IV programs: Federal Pell Grant, Cal Grant, Federal Supplemental Educational Opportunity Grant (FSEOG) and Federal Work Study (FWS). In addition, the college offers private scholarships and awards. To be considered for the following scholarships and awards, you must file a FAFSA and a SBC Campus-Based Financial Aid Application. Please contact the Financial Aid Office for application, deadline and eligibility requirements.

Scholarships

The awarding of scholarships requires formal application by the student for each academic year the scholarship is awarded. Work/Study scholarships must be applied for on a semester basis. Granting of the scholarship is contingent each term upon approval by the Administrative Committee.

Christian Leadership Scholarship:

This scholarship is available for one student from each local church every year. Requirements for this scholarship include a minimum 2.5 grade point average and recommendations from your Youth Pastor and Senior Pastor. To apply for this scholarship, complete the Financial Aid Application and submit it along with a letter stating what you have done to demonstrate Christian leadership. This scholarship may be applied at the rate of $250 a semester for a full-time student or $50 a semester for a part-time student. This is a one-time scholarship per student.

Ministerial Scholarship: 

This provides one third tuition payment for full time students who are currently full time, salaried ministers or who are dependents of full time salaried ministers. (A dependent is defined as one who is listed as such on his/her parents’ 1040 Federal Tax Form. A copy of this form must be submitted annually with the scholarship application.)

Multiple Sibling Financial Credit:

Shasta Bible College offers a multiple sibling financial credit as follows:

·         First student – no credit

·         Second student – 10% credit

·         Third student – 25% credit

·         Fourth and subsequent students – 25% credit

Multiple siblings must be attending Shasta Bible College concurrently. If one student graduates or leaves the college, then the credit applies to the number of siblings enrolled.

The multiple sibling financial credit may not be used in conjunction with any other credit offered by the college other than the early pay credit.

Multiple siblings must be dependent students of their parents or guardian. Married students are not eligible for the multiple sibling financial credit.

Music Scholarship:

This scholarship is available to students who qualify through audition with the Music Department for membership in Sounds of Shasta, or other college musical teams. Scholarship recipients must attend rehearsals regularly and must be available for music ministry on Sundays, at special events and for summer tours. This scholarship is applied at $500 per year for full time students participating in Sounds of Shasta.

Romaine Oliver Memorial Scholarship:

This scholarship is available to worthy students of Native American descent in memory of Romaine Oliver, veteran missionary to the Navajo Indians.

Team Ministry Scholarship:          

This provides up to one-half tuition for up to one half the unit load of the student’s spouse (not to exceed 9 units).

Warthan Family GARBC Scholarship:

This scholarship provides up to $500 per semester for students committed to pasturing within the General Association of Regular Baptist Churches (GARBC).

Work/Study Scholarship:               

This is given in exchange for completion of various assigned tasks around the school.

Awards

AWANA Citation Award

A tuition credit in the amount of $1,000 ($500 per semester) is applied to the first year’s bill of any full time student who has earned the AWANA citation award.

Beverly Ann MacNeill Memorial Award:

This is given at the end of each school year to a student who displays a consistent Christian testimony, who possesses personality, talents, and spiritual gifts appropriate to vocational ministry, and who senses the call of God upon his/her life for Missionary or Ministry service.

Christian Teacher Education Award:

This is given at the end of the year to a student who shows great promise as a Christian educator.

Faye L. Messler Memorial Award:

This is given at the end of the year to a student who evidences an interest in and propensity for International ministry in memory of Faye L. Messler.

Gerald K. Duckett Memorial Award:

This is given at the end of the year to a student who evidences potential excellence in Bible teaching and/or Jewish evangelism.

Most Improved Student Award

This is given to the student who demonstrates significant academic improvement through diligent study and commitment to Christ-honoring excellence in the classroom.

Music Ministry Award

This award is given at the end of year in recognition of a student who shows promise and interest in developing his or her gifts and talents in the area of music, the recipient of this award will have plans to enter a vocation in church music or music education.

Oran Smith Memorial Award:      

This is given at the end of each school year to a student who has shown academic excellence in school that year.

Presidential Award:         

This is given at the discretion of the President to students who evidence exceptional potential for Christian ministry and/or who demonstrate dedication to the promotion and advancement of Shasta Bible College.

Robert G. Nicholas Memorial Award

This award is given in recognition for exceptional evangelistic commitment and effectiveness.

Samuel Post Memorial Award:     

This is given to selected students who evidence the potential and sincere desire for future pastoral or teaching ministries. Awarding of this scholarship is determined by the decision of the Administrative Committee.

Spiritual Life Award:

This award is given to a student who has demonstrated the fruit of the Spirit as seen in his Christian maturity and leadership in the life of the student body.

Student Recruitment Award:          

This is given to students who significantly influence new full time students to attend Shasta Bible College.

Talents for Christ Award:

This award is given to the first place winner of the national Talents for Christ competition sponsored by the General Association of Regular Baptist Churches (GARBC). The award amounts to a 50% tuition discount each semester for four consecutive years, provided the student attends full time each semester. The second place national winner receives a 25% discount each semester for four consecutive years, provided the student attends full time each semester. The first place winner in the regional contest is awarded $500 to be applied toward tuition at the rate of $250 per semester for the first year in attendance.

Word of Life:

Children’s Steadfast Award (six-year award):

$1,000 one-time scholarship.

Student Ministry’s Cre8ive Discipleship Award:

$750 annual award.

Bible Institute Certificate Award:

A tuition credit of up to $1,000 ($500 per semester) is applied to the first year’s bill of any full time student who has graduated from the Word of Life Bible Institute in Schroon Lake, NY.