About Financial Aid
Consumer Information
Shasta Bible College and Graduate School is not in a pending petition in bankruptcy. It is not operating as a debtor in possession, and has not filed a petition within the preceding five years, nor has it had a petition in bankruptcy filed against it within the preceding five years that resulted in reorganization under Chapter 11 of the United States Bankruptcy Code (11 U.S. C. Sec. 1101).
SBC&GS’s Federal School Code: 016802
Code of Conduct
As an employee at Shasta Bible College and Graduate School, the Director of Financial Aid will maintain the moral and spiritual ideals of the College, render respect to members of its faculty and students and conform to its social, academic and spiritual requirements, and recognize his responsibility to live an exemplary Christian life in keeping with the admonitions of Scriptures.
Conflicts of Interest Defined
As an employee, the Director of Financial Aid will not place myself in a position to determine or influence college business decisions which may result in personal material benefit. In the event of perceived conflicts of interest, the Director of Financial will present a written disclosure statement to the Executive Committee for resolution and representation to the Board of Trustees; or make a personal statement to be recorded in the minutes at a meeting of the appropriate committee or subcommittee.
Financial Suspension
Students who fail to meet their financial obligations may be placed on suspension until their obligations have been met or acceptable arrangements have been made through the Financial Aid Office. Failure to meet tuition obligations to the College will result in suspension or dismissal from classes. Students must have a financial balance of less than $1,000 before they may register for the next semester. To qualify for the early registration discount, the balance must be fully met by the early registration deadline which is one month prior to the start of the next semester.
Financial Dismissal
Students who demonstrate a consistent disregard for their financial responsibilities (i.e., tuition, resident hall fee, and other fees) to Shasta Bible College and Graduate School may be subject to eviction, suspension, and/or dismissal by the Administrative Committee. Their account may be sent to collections.
Withdrawal from School
Students withdraw during a semester for a variety of reasons such as family emergencies, illness, military service, and job relocation. Withdrawing during the semester will affect your Financial Aid Satisfactory Academic Progress status and may affect funding you have received prior to your withdrawal. Because financial aid is earned per day, you may be required to repay funds that you have received. The Financial Aid office will calculate as of the day you withdraw what you have earned.
Students desiring to withdraw from school before the end of the semester must obtain a withdrawal form from the Registrar and return it to the Registrar’s Office.
Failure to attend classes will not entitle a student to a refund unless the proper withdrawal procedures are followed. Please see the Withdrawal section in this catalog for full explanation. The date of calculation is the date that the form is completed and returned to the Registrar’s Office. If a student decides to withdraw as an enrolled student before the end of the semester, there is a $50 fee to pay for the required forms with the government through our third-party servicer, Campus Ivy.
The form can be obtained from the Registrar’s office and should be completed by the student and returned to:
Registrar, Shasta Bible College and Graduate School, 2951 Goodwater Ave., Redding, CA 96002.
A student may be entitled to a refund under the following guidelines, providing proper withdrawal procedures are completed. Students on the extended payment plan, who still owe part of their semesters’ 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 student is responsible to repay the remaining balance. If a repayment is due, the student will not be able to register in a future term or receive financial aid until the outstanding balance is paid.
Before deciding to drop classes or withdraw from school, students are encouraged to check your options with the Financial Aid Office. There are options to help you succeed.
Withdrawing and Repaying Financial Aid
If you withdraw from all your classes before the 60% enrollment period, you may owe money back to federal financial aid programs. This is known as “Return to Title IV”, (R2T4), and it will affect Satisfactory Academic Progress, which will place you in either a warning or ineligible status. Based on the day you withdraw, the Financial Aid Office will ask our third-party servicer, Campus Ivy, to calculate any funds owed to the federal programs. There is a $50 fee required for this service. Students are notified of required repayments. It is the responsibility of the student to repay funds due before they will be considered for further financial aid.
Right to Cancel and Refund Policy
THE FOLLOWING DISCLOSURES ARE MADE IN COMPLIANCE WITH §94911(e)(1),(2),(3) OF THE CALIFORNIA EDUCATION CODE:
BUYERS RIGHT TO CANCEL: The student has a right under California Education Code, section 94810 (a)(7) to cancel his contract/agreement at any time and receive a refund in accordance with this institution’s 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 and Graduate School
2951 Goodwater Ave.
Redding, CA 96002
The student can withdraw up until 4:00 pm on Friday of the second week of the semester and be refunded 100% of his fees and tuition. The census date for each semester is the Monday of the third week of school.
Refund Policy
Shasta Bible College and Graduate School refunds 100% of tuition and fees through the close of business on the Friday of the second week of each semester. The form must be received by 4:00 p.m. The dorm charges are prorated for the number of days that a student is in residence.
Credit balances are paid for funds actually received. 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 financial aid refund will be calculated based on the date the forms are completed and turned to the Registrar's Office. Compliant with the CCR 71750(c) “A pro rata refund pursuant to section 94919(c) or 94920(d) or 94927 of the Code shall be no less than the total amount owed by the student for the portion of the educational program provided subtracted from the amount paid by the student, calculated as follows:
(1) The amount owed equals the daily charge for the program (total institutional charge, divided by the number of days or hours in the program), multiplied by the number of days student attended, or was scheduled to attend, prior to withdrawal.”
WITHDRAWING AND REPAYING FINANCIAL AID: If you withdraw from classes before the 60% enrollment period, you may owe money back to federal financial aid programs. This is known as “Return to Title IV,” (R2T4). Students receiving federal student aid must have the earned and unearned portion of student aid calculated at the time of withdrawal. The student is entitled to a refund on money not paid from federal student financial aid program fund. Refunds will be made only on amounts actually paid.
Notice that withdrawing can affect your Satisfactory Academic Progress (SAP) which will place you in either a warning or ineligible status for financial aid. Based on the day you withdraw; the Financial Aid Office will calculate any funds owed to the federal programs and students are notified of required repayments. It is the responsibility of the student to repay funds due before they will be considered for further financial aid.
Should the student be a Cal Grant recipient, a refund to the source is calculated the same way that the federal calculations are made as delineated above.
Should a student have Veteran’s benefits and withdraw as a student (not on deployment), a refund to the source is calculated the same way that the federal calculations are made as delineated above. Veterans on deployment are encouraged to contact their professors for arrangements with an incomplete so that the classes can be completed under that provision.
Shasta Bible College and Graduate School is not in a pending petition in bankruptcy. It is not operating as a debtor in possession, and has not filed a petition within the preceding five years, nor has it had a petition in bankruptcy filed against it within the preceding five years that resulted in reorganization under Chapter 11 of the United States Bankruptcy Code (11 U.S. C. Sec. 1101).
SBC&GS’s Federal School Code: 016802
Code of Conduct
As an employee at Shasta Bible College and Graduate School, the Director of Financial Aid will maintain the moral and spiritual ideals of the College, render respect to members of its faculty and students and conform to its social, academic and spiritual requirements, and recognize his responsibility to live an exemplary Christian life in keeping with the admonitions of Scriptures.
Conflicts of Interest Defined
As an employee, the Director of Financial Aid will not place myself in a position to determine or influence college business decisions which may result in personal material benefit. In the event of perceived conflicts of interest, the Director of Financial will present a written disclosure statement to the Executive Committee for resolution and representation to the Board of Trustees; or make a personal statement to be recorded in the minutes at a meeting of the appropriate committee or subcommittee.
Financial Suspension
Students who fail to meet their financial obligations may be placed on suspension until their obligations have been met or acceptable arrangements have been made through the Financial Aid Office. Failure to meet tuition obligations to the College will result in suspension or dismissal from classes. Students must have a financial balance of less than $1,000 before they may register for the next semester. To qualify for the early registration discount, the balance must be fully met by the early registration deadline which is one month prior to the start of the next semester.
Financial Dismissal
Students who demonstrate a consistent disregard for their financial responsibilities (i.e., tuition, resident hall fee, and other fees) to Shasta Bible College and Graduate School may be subject to eviction, suspension, and/or dismissal by the Administrative Committee. Their account may be sent to collections.
Withdrawal from School
Students withdraw during a semester for a variety of reasons such as family emergencies, illness, military service, and job relocation. Withdrawing during the semester will affect your Financial Aid Satisfactory Academic Progress status and may affect funding you have received prior to your withdrawal. Because financial aid is earned per day, you may be required to repay funds that you have received. The Financial Aid office will calculate as of the day you withdraw what you have earned.
Students desiring to withdraw from school before the end of the semester must obtain a withdrawal form from the Registrar and return it to the Registrar’s Office.
Failure to attend classes will not entitle a student to a refund unless the proper withdrawal procedures are followed. Please see the Withdrawal section in this catalog for full explanation. The date of calculation is the date that the form is completed and returned to the Registrar’s Office. If a student decides to withdraw as an enrolled student before the end of the semester, there is a $50 fee to pay for the required forms with the government through our third-party servicer, Campus Ivy.
The form can be obtained from the Registrar’s office and should be completed by the student and returned to:
Registrar, Shasta Bible College and Graduate School, 2951 Goodwater Ave., Redding, CA 96002.
A student may be entitled to a refund under the following guidelines, providing proper withdrawal procedures are completed. Students on the extended payment plan, who still owe part of their semesters’ 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 student is responsible to repay the remaining balance. If a repayment is due, the student will not be able to register in a future term or receive financial aid until the outstanding balance is paid.
Before deciding to drop classes or withdraw from school, students are encouraged to check your options with the Financial Aid Office. There are options to help you succeed.
Withdrawing and Repaying Financial Aid
If you withdraw from all your classes before the 60% enrollment period, you may owe money back to federal financial aid programs. This is known as “Return to Title IV”, (R2T4), and it will affect Satisfactory Academic Progress, which will place you in either a warning or ineligible status. Based on the day you withdraw, the Financial Aid Office will ask our third-party servicer, Campus Ivy, to calculate any funds owed to the federal programs. There is a $50 fee required for this service. Students are notified of required repayments. It is the responsibility of the student to repay funds due before they will be considered for further financial aid.
Right to Cancel and Refund Policy
THE FOLLOWING DISCLOSURES ARE MADE IN COMPLIANCE WITH §94911(e)(1),(2),(3) OF THE CALIFORNIA EDUCATION CODE:
BUYERS RIGHT TO CANCEL: The student has a right under California Education Code, section 94810 (a)(7) to cancel his contract/agreement at any time and receive a refund in accordance with this institution’s 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 and Graduate School
2951 Goodwater Ave.
Redding, CA 96002
The student can withdraw up until 4:00 pm on Friday of the second week of the semester and be refunded 100% of his fees and tuition. The census date for each semester is the Monday of the third week of school.
Refund Policy
Shasta Bible College and Graduate School refunds 100% of tuition and fees through the close of business on the Friday of the second week of each semester. The form must be received by 4:00 p.m. The dorm charges are prorated for the number of days that a student is in residence.
Credit balances are paid for funds actually received. 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 financial aid refund will be calculated based on the date the forms are completed and turned to the Registrar's Office. Compliant with the CCR 71750(c) “A pro rata refund pursuant to section 94919(c) or 94920(d) or 94927 of the Code shall be no less than the total amount owed by the student for the portion of the educational program provided subtracted from the amount paid by the student, calculated as follows:
(1) The amount owed equals the daily charge for the program (total institutional charge, divided by the number of days or hours in the program), multiplied by the number of days student attended, or was scheduled to attend, prior to withdrawal.”
WITHDRAWING AND REPAYING FINANCIAL AID: If you withdraw from classes before the 60% enrollment period, you may owe money back to federal financial aid programs. This is known as “Return to Title IV,” (R2T4). Students receiving federal student aid must have the earned and unearned portion of student aid calculated at the time of withdrawal. The student is entitled to a refund on money not paid from federal student financial aid program fund. Refunds will be made only on amounts actually paid.
Notice that withdrawing can affect your Satisfactory Academic Progress (SAP) which will place you in either a warning or ineligible status for financial aid. Based on the day you withdraw; the Financial Aid Office will calculate any funds owed to the federal programs and students are notified of required repayments. It is the responsibility of the student to repay funds due before they will be considered for further financial aid.
Should the student be a Cal Grant recipient, a refund to the source is calculated the same way that the federal calculations are made as delineated above.
Should a student have Veteran’s benefits and withdraw as a student (not on deployment), a refund to the source is calculated the same way that the federal calculations are made as delineated above. Veterans on deployment are encouraged to contact their professors for arrangements with an incomplete so that the classes can be completed under that provision.
