Financial Aid Process
In order to offset some of the cost of attendance, Shasta Bible College and Graduate School participates in Title IV Federal Financial Aid grant programs for all eligible students. These programs include the Federal Pell Grant, FSEOG Grant, Federal Work Study and Federal Direct Loans. SBC&GS also administers the Cal Grant program for students who have received an award. Veterans aid is also disbursed through the Financial Aid Office as well as any awards from the Bureau of Indian Affairs. All programs are from either the state or federal government and are administered through the Financial Aid Office.
Basic to the philosophy of education of Shasta Bible College and Graduate School 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. While it may be necessary to take out federal loans to complete school, we do not encourage our students to incur any unnecessary debt.
While the application as a student to SBC&GS and financial aid application are two separate processes, students must be admitted to SBC&GS before any financial aid will be guaranteed.
The financial aid application, the Free Application for Federal Student Aid (FAFSA), is free and easy. It is to be completed online. The FAFSA application does take time to be processed through the federal processor. The FAFSA can be processed as long as the student is attending school but students are encouraged to fill out a FAFSA as soon as possible so that any grants are processed in the appropriate time frames.
Financial Aid Programs:
FSA ID: The first step in the electronic application process is to obtain an FSA ID. An FSA ID is a username and password that you must use to log in to certain U.S. Department of Education (ED) websites. Your FSA ID identifies you as someone who has the right to access your own personal information on ED websites such as the Free Application for Federal Student Aid (FAFSA) at https://studentaid.gov/h/apply-for-aid/fafsa.
Parents of a dependent students, will need their own FSA ID to sign their child's FAFSA electronically. If you have more than one child attending college, you can use the same FSA ID to sign all applications. Please note: Each FSA ID user must have a unique e-mail address. Your FSA ID is used to sign legally binding documents electronically. It has the same legal status as a written signature. Don't give your FSA ID to anyone—not even to someone helping you fill out the FAFSA.
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. Shasta Bible College and Graduate School accepts the FAFSA as the primary needs analysis document for determining Pell Grants, FSEOG grants, Federal Work Study awards and institutional need-based awards. To aid in the verification process it is recommended that all students use the IRS Retrieval Tool when filling out the FAFSA.
SBC&GS’s Federal School Code: 016802
Verification: After the FAFSA has been completed, some of the information may be required by the federal government to be verified. To aid in the verification process it is recommended that you use the IRS retrieval tool. Shasta Bible College and Graduate School may request a copy of your federal tax transcript, W2s, and other supporting documents. The student will not be able to receive any federal financial aid until this process is completed. If a student's document file is not completed, institutional financial aid may also be cancelled.
Note: until the verification process has been completed, any financial aid award given is an estimate only. Submit documentation as early as possible in order to receive a finalized contract. Please contact the Financial Aid Office to verify which verification worksheets and what documentation may be required.
Shasta Bible College and Graduate School uses a third-party servicer, Campus Ivy, to manage and process all federal aid.
Financial Aid is not disbursed until verification has been successfully completed and a student is fully accepted into a degree program.
Selective Service Registration: Federal regulations mandate that persons who are required to be registered for the Selective Service must do so before they can apply for and/or receive federal financial aid. Your application information will be compared against the Selective Services department records by a computer data link; discrepancies must be resolved before the student can receive financial aid.
Expected Family Contribution (EFC): The FAFSA application calculates an EFC for each student. To do so, it uses the federal methodology to look at income, asset values, household size, etc., and assesses each family’s ability to pay.
Financial Need is calculated in the following way: COA – EFC = Financial Need
All need-based aid must fit within a student’s Financial Need. This includes aid awarded by the federal government, state, Shasta Bible College and Graduate School, and/or outside organizations. Because federal regulations prohibit awarding financial aid in excess of a student’s eligibility or above the cost of attendance, aid that was originally in a student’s package may need to be reduced or replaced.
Cost of Attendance (COA): The COA is comprised of Shasta Bible College and Graduate School’s tuition, residential costs, and state averages of transportation personal expenses, books, supplies, etc. Each student’s total aid package (scholarships + grants + loans + work-study + outside resources) must fit within the COA. The Financial Aid Office will determine the exact COA. This amount can be seen on the student’s Populi. Please refer all questions to the Financial Aid Office.
Distance Education Eligibility: Students taking courses via distance education may qualify for federal aid as any student on campus.
TYPES OF FEDERAL AID:
Federal Pell Grant: This grant is aid that is given based on financial need and does not have to be repaid. It comes from the U.S. Government based on the outcome of your FAFSA. 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 Federal Pell Grant for 2024-25 school year is $7395 based on full-time enrollment. Students on a part time curriculum receive a prorated amount. Students with an SAI of -1500 through 6655 will receive some portion of a Federal Pell Grant.
Federal Supplemental Education Opportunity Grant: This grant is federal and institutional money used to the extent of available funds to assist students who have high need. Generally, high need is determined by the student’s Federal Pell Grant eligibility. Minimum grant is $100. These grants are awarded by the Scholarship Committee by August 1, for the fall semester, December 15 for the spring semester, and April 15 for the summer semester.
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 California’s minimum wage and work a minimum of 3-5 hours per week. Where possible, jobs are designed to be in line with a student’s educational goal. All students desiring to apply for FWS must mark on their FAFSA that they are interested in a work study program. These students will receive priority in the hiring process. Not all requests can be granted. The Financial Aid Committee meets after August 1 to match the requests for student employees with the applicants and their skills.
Federal Direct Loans: The Financial Aid Director administers the federal student loan program available to eligible students from the federal government. If a loan is obtained to pay for an educational program, the student will have the responsibility to repay the full amount of the loan plus interest. If the student is eligible for a loan guaranteed by the federal government and the student defaults on the loan, both of the following may occur:
The Financial Aid Committee has the right to limit the size of loans on a case by case basis.
All needed forms for requesting a federal loan can be found on the SBC&GS website on the Financial Aid Page. Also available on the website is the Policy and Procedure document for loan requests.
By policy, the Financial Aid Office does not order loans until after the end of the add/drop date after the start of each semester.
SBC&GS complies with the Department of Education’s statement that "The school cannot require the borrower to participate in arbitration or any internal dispute resolution process offered by the institution prior to filing a borrower defense to repayment application with the Department pursuant to § 685.206(e); the school cannot, in any way, require students to limit, relinquish, or waive their ability to pursue filing a borrower defense claim, pursuant to § 685.206(e) at any time; and any arbitration, required by a pre-dispute arbitration agreement, tolls the limitations period for filing a borrower defense to repayment application pursuant to § 685.206(e)(6)(ii)."
Special Notes: We believe that financial irresponsibility is unacceptable in Christian leadership and do not encourage our students to incur any unnecessary debt. That debt creates a future obligation obstructing one’s choices to be called into an occupation which may lead to a life style of minimum compensation. As an institution we recognize and inform students that federal loans may be more favorable than private education loans. To that end, we establish our tuition which is manageable provided a student is responsible with the resources available to them.
OTHER TYPES OF AID:
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 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.
Home schooled students: Home schooled students may qualify for Cal Grant programs by filling out a FAFSA by the March 2 deadline and having SAT, ACT or GED scores submitted to the California Student Aid Commission before the March 2 deadline. The SAT, ACT, or GED scores are used in lieu of a GPA. The student must have their own Web Grant account and use the CSAC forms.
Students who have been awarded a Cal Grant should check with the Financial Aid Office as soon as possible to make sure they are receiving the correct grant. Forms are available from the Financial Aid Office to change a Cal Grant B to a Cal Grant A if you are eligible for either grant.
A student must be enrolled in a degree program to qualify for a Cal Grant. The Certificate program does not qualify.
Cal Grant A Entitlement awards are guaranteed for every graduating California 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. To apply for a Cal Grant, submit the FAFSA as soon as possible 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.
Cal Grant A Competitive awards are for other eligible California students who have at least a 3.0 Grade Point Average, meet the requirements and apply by March 2. Selection is based on a composite score that takes into consideration your GPA, family income, time out of high school, parents’ educational levels and other factors such as whether you come from a single-parent household or you are or were a foster youth. The award for 2024-25 is $9358.
Cal Grant B is for low-income California students who have at least a 2.0 Grade Point Average. The award for most first-year students is $1,648 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, the remaining three years is $10,868 per year.
Cal Grant B Entitlement awards are guaranteed for every California high school senior who has at least a 2.0 GPA, meets the requirements and applies on time.
Cal Grant B 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.
All Cal Grant recipients must maintain at 2.0 GPA in order to remain eligible to receive the grant. The federal guidelines for Satisfactory Academic Progress are followed.
Cal Grant A and B awards are limited to 4 academic years. Students need to take 15 units per semester in order to graduate within 4 years. AB2248
Chafee Grants for Foster Youth: Up to $5,000 a year for college is available if you are or were a former foster youth. To apply, you must file the FAFSA and the California Chafee Grant Application which is available online at www.chafee.csac.ca.gov.
Bureau of Indian Affairs: Students who have native American heritage should check with their tribe for financial aid help. Most tribes offer student grants. The Financial Aid Office will work with each student with their tribe and scholarship counselor.
VETERAN Benefits: Honorably discharged military service members can be receive earned educational benefits by working with the Financial Aid Office. The Financial Aid Office is the contact point for all service members. SBC&GS also offers the Yellow Ribbon award to those qualifying service members.
Insurance Disability Benefits: Some students have received vouchers from their insurance companies for educational and retraining benefits from accidents. The Financial Aid Office will work with each student and their advocate for receiving those benefits to pay for education.
California Department of Rehab: SBC&GS is authorized to administer your award from the state if you are eligible for benefits. See the Financial Aid Office for information.
Other forms of aid: The Financial Aid Office is willing to work with students to obtain other forms of aid available to the student. Students are encouraged to make an appointment with the Financial Aid Director as soon as possible.
SBC&GS Scholarships: Shasta Bible College and Graduate School offers a limited number of scholarships. Forms can be found on the website: http://www.shasta.edu/financial-aid.html. The scholarships offered by SBC&GS will be applied towards the student’s tuition expenses. 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 the next semester of study (one semester only). Scholarship fall into categories of Undergraduate and Graduate degrees. Undergraduates have both need-based and non-need based scholarships. Graduate students are eligible for alumni discounts which is non-need based and ministry discounts which are need-based. See more information on following pages.
Basic to the philosophy of education of Shasta Bible College and Graduate School 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. While it may be necessary to take out federal loans to complete school, we do not encourage our students to incur any unnecessary debt.
While the application as a student to SBC&GS and financial aid application are two separate processes, students must be admitted to SBC&GS before any financial aid will be guaranteed.
The financial aid application, the Free Application for Federal Student Aid (FAFSA), is free and easy. It is to be completed online. The FAFSA application does take time to be processed through the federal processor. The FAFSA can be processed as long as the student is attending school but students are encouraged to fill out a FAFSA as soon as possible so that any grants are processed in the appropriate time frames.
Financial Aid Programs:
FSA ID: The first step in the electronic application process is to obtain an FSA ID. An FSA ID is a username and password that you must use to log in to certain U.S. Department of Education (ED) websites. Your FSA ID identifies you as someone who has the right to access your own personal information on ED websites such as the Free Application for Federal Student Aid (FAFSA) at https://studentaid.gov/h/apply-for-aid/fafsa.
Parents of a dependent students, will need their own FSA ID to sign their child's FAFSA electronically. If you have more than one child attending college, you can use the same FSA ID to sign all applications. Please note: Each FSA ID user must have a unique e-mail address. Your FSA ID is used to sign legally binding documents electronically. It has the same legal status as a written signature. Don't give your FSA ID to anyone—not even to someone helping you fill out the FAFSA.
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. Shasta Bible College and Graduate School accepts the FAFSA as the primary needs analysis document for determining Pell Grants, FSEOG grants, Federal Work Study awards and institutional need-based awards. To aid in the verification process it is recommended that all students use the IRS Retrieval Tool when filling out the FAFSA.
SBC&GS’s Federal School Code: 016802
Verification: After the FAFSA has been completed, some of the information may be required by the federal government to be verified. To aid in the verification process it is recommended that you use the IRS retrieval tool. Shasta Bible College and Graduate School may request a copy of your federal tax transcript, W2s, and other supporting documents. The student will not be able to receive any federal financial aid until this process is completed. If a student's document file is not completed, institutional financial aid may also be cancelled.
Note: until the verification process has been completed, any financial aid award given is an estimate only. Submit documentation as early as possible in order to receive a finalized contract. Please contact the Financial Aid Office to verify which verification worksheets and what documentation may be required.
Shasta Bible College and Graduate School uses a third-party servicer, Campus Ivy, to manage and process all federal aid.
Financial Aid is not disbursed until verification has been successfully completed and a student is fully accepted into a degree program.
Selective Service Registration: Federal regulations mandate that persons who are required to be registered for the Selective Service must do so before they can apply for and/or receive federal financial aid. Your application information will be compared against the Selective Services department records by a computer data link; discrepancies must be resolved before the student can receive financial aid.
Expected Family Contribution (EFC): The FAFSA application calculates an EFC for each student. To do so, it uses the federal methodology to look at income, asset values, household size, etc., and assesses each family’s ability to pay.
Financial Need is calculated in the following way: COA – EFC = Financial Need
All need-based aid must fit within a student’s Financial Need. This includes aid awarded by the federal government, state, Shasta Bible College and Graduate School, and/or outside organizations. Because federal regulations prohibit awarding financial aid in excess of a student’s eligibility or above the cost of attendance, aid that was originally in a student’s package may need to be reduced or replaced.
Cost of Attendance (COA): The COA is comprised of Shasta Bible College and Graduate School’s tuition, residential costs, and state averages of transportation personal expenses, books, supplies, etc. Each student’s total aid package (scholarships + grants + loans + work-study + outside resources) must fit within the COA. The Financial Aid Office will determine the exact COA. This amount can be seen on the student’s Populi. Please refer all questions to the Financial Aid Office.
Distance Education Eligibility: Students taking courses via distance education may qualify for federal aid as any student on campus.
TYPES OF FEDERAL AID:
Federal Pell Grant: This grant is aid that is given based on financial need and does not have to be repaid. It comes from the U.S. Government based on the outcome of your FAFSA. 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 Federal Pell Grant for 2024-25 school year is $7395 based on full-time enrollment. Students on a part time curriculum receive a prorated amount. Students with an SAI of -1500 through 6655 will receive some portion of a Federal Pell Grant.
Federal Supplemental Education Opportunity Grant: This grant is federal and institutional money used to the extent of available funds to assist students who have high need. Generally, high need is determined by the student’s Federal Pell Grant eligibility. Minimum grant is $100. These grants are awarded by the Scholarship Committee by August 1, for the fall semester, December 15 for the spring semester, and April 15 for the summer semester.
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 California’s minimum wage and work a minimum of 3-5 hours per week. Where possible, jobs are designed to be in line with a student’s educational goal. All students desiring to apply for FWS must mark on their FAFSA that they are interested in a work study program. These students will receive priority in the hiring process. Not all requests can be granted. The Financial Aid Committee meets after August 1 to match the requests for student employees with the applicants and their skills.
Federal Direct Loans: The Financial Aid Director administers the federal student loan program available to eligible students from the federal government. If a loan is obtained to pay for an educational program, the student will have the responsibility to repay the full amount of the loan plus interest. If the student is eligible for a loan guaranteed by the federal government and the student defaults on the loan, both of the following may occur:
- The federal or state government or a loan guarantee agency may take action against the student, including applying any income tax refund to which the student is entitled to reduce the balance owed on the loan.
- The student may not be eligible for any other federal student financial aid at another institution or other government assistance until the loan is repaid or satisfactory repayment arrangements have been made.
The Financial Aid Committee has the right to limit the size of loans on a case by case basis.
All needed forms for requesting a federal loan can be found on the SBC&GS website on the Financial Aid Page. Also available on the website is the Policy and Procedure document for loan requests.
By policy, the Financial Aid Office does not order loans until after the end of the add/drop date after the start of each semester.
SBC&GS complies with the Department of Education’s statement that "The school cannot require the borrower to participate in arbitration or any internal dispute resolution process offered by the institution prior to filing a borrower defense to repayment application with the Department pursuant to § 685.206(e); the school cannot, in any way, require students to limit, relinquish, or waive their ability to pursue filing a borrower defense claim, pursuant to § 685.206(e) at any time; and any arbitration, required by a pre-dispute arbitration agreement, tolls the limitations period for filing a borrower defense to repayment application pursuant to § 685.206(e)(6)(ii)."
Special Notes: We believe that financial irresponsibility is unacceptable in Christian leadership and do not encourage our students to incur any unnecessary debt. That debt creates a future obligation obstructing one’s choices to be called into an occupation which may lead to a life style of minimum compensation. As an institution we recognize and inform students that federal loans may be more favorable than private education loans. To that end, we establish our tuition which is manageable provided a student is responsible with the resources available to them.
OTHER TYPES OF AID:
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 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.
Home schooled students: Home schooled students may qualify for Cal Grant programs by filling out a FAFSA by the March 2 deadline and having SAT, ACT or GED scores submitted to the California Student Aid Commission before the March 2 deadline. The SAT, ACT, or GED scores are used in lieu of a GPA. The student must have their own Web Grant account and use the CSAC forms.
Students who have been awarded a Cal Grant should check with the Financial Aid Office as soon as possible to make sure they are receiving the correct grant. Forms are available from the Financial Aid Office to change a Cal Grant B to a Cal Grant A if you are eligible for either grant.
A student must be enrolled in a degree program to qualify for a Cal Grant. The Certificate program does not qualify.
Cal Grant A Entitlement awards are guaranteed for every graduating California 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. To apply for a Cal Grant, submit the FAFSA as soon as possible 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.
Cal Grant A Competitive awards are for other eligible California students who have at least a 3.0 Grade Point Average, meet the requirements and apply by March 2. Selection is based on a composite score that takes into consideration your GPA, family income, time out of high school, parents’ educational levels and other factors such as whether you come from a single-parent household or you are or were a foster youth. The award for 2024-25 is $9358.
Cal Grant B is for low-income California students who have at least a 2.0 Grade Point Average. The award for most first-year students is $1,648 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, the remaining three years is $10,868 per year.
Cal Grant B Entitlement awards are guaranteed for every California high school senior who has at least a 2.0 GPA, meets the requirements and applies on time.
Cal Grant B 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.
All Cal Grant recipients must maintain at 2.0 GPA in order to remain eligible to receive the grant. The federal guidelines for Satisfactory Academic Progress are followed.
Cal Grant A and B awards are limited to 4 academic years. Students need to take 15 units per semester in order to graduate within 4 years. AB2248
Chafee Grants for Foster Youth: Up to $5,000 a year for college is available if you are or were a former foster youth. To apply, you must file the FAFSA and the California Chafee Grant Application which is available online at www.chafee.csac.ca.gov.
Bureau of Indian Affairs: Students who have native American heritage should check with their tribe for financial aid help. Most tribes offer student grants. The Financial Aid Office will work with each student with their tribe and scholarship counselor.
VETERAN Benefits: Honorably discharged military service members can be receive earned educational benefits by working with the Financial Aid Office. The Financial Aid Office is the contact point for all service members. SBC&GS also offers the Yellow Ribbon award to those qualifying service members.
Insurance Disability Benefits: Some students have received vouchers from their insurance companies for educational and retraining benefits from accidents. The Financial Aid Office will work with each student and their advocate for receiving those benefits to pay for education.
California Department of Rehab: SBC&GS is authorized to administer your award from the state if you are eligible for benefits. See the Financial Aid Office for information.
Other forms of aid: The Financial Aid Office is willing to work with students to obtain other forms of aid available to the student. Students are encouraged to make an appointment with the Financial Aid Director as soon as possible.
SBC&GS Scholarships: Shasta Bible College and Graduate School offers a limited number of scholarships. Forms can be found on the website: http://www.shasta.edu/financial-aid.html. The scholarships offered by SBC&GS will be applied towards the student’s tuition expenses. 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 the next semester of study (one semester only). Scholarship fall into categories of Undergraduate and Graduate degrees. Undergraduates have both need-based and non-need based scholarships. Graduate students are eligible for alumni discounts which is non-need based and ministry discounts which are need-based. See more information on following pages.
