Financial Aid OverviewGeneral Costs
Tuition Per Semester: Tuition is $425 per unit for all graduate and undergraduate degrees. Full time enrollment of 15 units or more is rewarded with a $1000 tuition discount. Tuition, resident hall costs, and all other fees are subject to annual review and change Special Fees Per Semester: Non-Refundable Fees Application fee $50.00 Registration fee $200.00 per semester (early registration discount is $100 available one month before the start of the semester. SBC financial account must be at $0 to receive discount) Student Activity fee for all on-campus students $70.00 per semester Yearbook fee $20.00 per semester Accident Insurance fee for students attending any class on campus $40.00 per semester Graduation fee, undergraduate $200.00 Graduation fee, graduate $200.00 Technology Fee $150.00 per semester Credit for Work Experience $30.00 per course credited Extended Payment Agreement $100.00 per semester Miscellaneous course lab fee Some courses may have associated lab fees. Withdrawal as a student fee $50 Transcript requests $10 First time residents in the dorms will have a back-ground check: $35 Any fees required by a school for supervised fieldwork or student teaching will be billed to the student at enrollment. Early registration ends 30 days before the beginning of the semester. Refundable Fees Resident Hall Key Deposit (refundable) $20.00 Mailbox Key Deposit (refundable) $5.00 Main Building Security Door Card (refundable) $10.00 Resident Hall Cleaning deposit (maybe refundable) $100.00 Audit Costs Students who want to attend class meetings, but do not want to receive academic credit, may audit approved, on-campus and online classes. Auditors are not required to complete assignments or take examinations. Audit Enrollment Fee $50.00 for first course Audit Technology Fee $100.00 for first course Total: $150.00 for first course Once auditors have paid for their first course, a second course if free. Students who take 15 units or more in a semester may audit one on-campus class free of charge upon approval of the professor. Students who have taken a class for credit before, may audit the same class again once for free. Housing Per Semester Housing for single students $1500.00 per semester Cleaning Deposit (refundable upon approval) $100.00 On campus housing is a privilege, not a right. Full time unmarried students have priority for placement in on campus housing. Dorms are reserved for students 25 and under. For single students over the age of 25 and married students, special permission may be given by the Administrative Committee to reside on campus. Married students can request occupancy as rooms are available at $750 per month plus utilities. Off campus housing in the proximity of Shasta Bible College and Graduate School includes both apartments and single-family dwellings. Rental prices for such housing begin at around $900 for apartments and $1400 for single family dwellings. Resident hall occupancy during the summer months may be available by special arrangement with the Business Office. Typical Undergraduate Semester Cost For a student carrying a full-time load (15 units*), the following cost estimates emerge: Tuition ($425 per unit) $5100 Fees (Non-refundable) $350 On-Campus Student Fees (Non-refundable) $70 On-Campus accident insurance (Non-refundable) $40 On-Campus keys (refundable) $15 Residential Hall $1500 Residential key (refundable) $20 Residential cleaning Deposit (refundable) $100 Total Typical Cost-- $7195 per semester ($14,390 per year) Cleaning deposits and key deposits are charged annually and are returned upon exiting. Full-time tuition discount of $1000 per semester is applied when enrollment and attendance is verified. Online students do not have to pay any of the on-campus fees and thus only pay $350 for fee. Note: For federal financial aid eligibility 15 units is considered full time. To finish a degree at SBC&GS within the allotted time, a student must average a minimum of 16 units a semester, thus SBC&GS rewards 15 or more full time enrollment with $1000 discount. To take more than 18 units a student must receive special permission from his or her academic advisor. Costs for books may vary depending on the student’s program and academic load. The purchasing of a required textbook is the responsibility of each student. SBC&GS does not maintain a bookstore. Miscellaneous personal expenses not covered include the following: clothing, laundry, cleaning supplies, food, toiletries, medical/dental, entertainment, transportation, etc. A city bus stops nearby and serves the entire community for a reasonable fare. Coin-op laundry facilities are available on site for resident students. Typical Graduate Semester Cost For a student carrying a minimum full-time load (9 units*) the following cost estimates emerge: Tuition ($425 per unit) $3,825 Fees (Non-refundable) $350 Total Typical Cost-- $4175 per semester ($8350 per year) If a graduate student takes classes on campus, the campus fees also apply. See the list of fees above under Special Fees per Semester. *Note: For financial aid eligibility 9 units is considered full time. To finish a degree at SBC&GS within the allotted time, a student may need to average a higher number of units per semester. See the expected time frame for each degree. Full-time graduate students taking 9 or more units a semester receive a $1000 tuition discount. Payment Options Copies of the contract with expected financial aid will be sent by email to the student 2 weeks prior to the first day of class for the student’s information and approval. The student then can choose a method of payment including payment upfront by the first day of class, federal loans or the SBC&GS Extended Payment Plan. If no payment is selected, loans will be added and the Director of Admissions will contact the person to get forms signed. Charges for tuition and fees, including resident hall charges, are all due and payable by the first day of classes unless arrangements have been made with the Financial Aid Director. To pay with federal student loans, the required forms and disclosures can be found on the Financial Aid tab on the SBC&GS web site at www.shasta.edu. Loan requests are granted by the Financial Aid Committee on a case by case basis. The SBC&GS Extended Payment Plan is made available for a fee of $100 per semester. The account must be at $0 by the first day of the 15th week of the semester or arrangements made with the Financial Aid Office. If the account is not at $0 by the first day of the next semester a 5% penalty of the remaining balance will be assessed by the business office plus a new Extended Payment Plan and $100 fee will be applied regardless of whether the student is enrolled in the next semester or not. The student cannot enroll in the next semester until the account is less than $1000. If the account is not paid by the end of the second Extended Payment Plan, the student’s debt may be sent to a collections agency. Any exceptions or other arrangements are made on a case by case basis with the Business Office. The Extended Payment Plan is compliant with the California Educational Code 94916. NOTICE: "YOU MAY ASSERT AGAINST THE HOLDER OF THE PROMISSORY NOTE YOU SIGNED IN ORDER TO FINANCE THE COST OF THE EDUCATIONAL PROGRAM ALL OF THE CLAIMS AND DEFENSES THAT YOU COULD ASSERT AGAINST THIS INSTITUTION, UP TO THE AMOUNT YOU HAVE ALREADY PAID UNDER THE PROMISSORY NOTE." (CEC §94916) Students are not considered registered and may not be admitted to class until they have signed a financial contract with the Financial Aid Director or have made arrangements with the Financial Aid Director. SATISFACTORY ACADEMIC PROGRESS There are two forms of Academic Progress: Institutional and Federal Financial Aid. The institutional standard requires that in order to graduate an undergraduate student must have a cumulative GPA of 2.0. (Graduate level requirements are different. Please see the graduate portion of the catalog.) All exceptions are considered by the Academic Committee. Two semesters in a row with less than a 2.0 are considered grounds for an academic dismissal. A student can make an appeal to the Academic Committee. The Committee’s decision is final but can include a Probation Contract, a limited number of semester units, a tutor, or oversight by an academic advisor among other options. Financial Aid recipients (including VA benefit recipients, and CalGrant recipients) are also required to meet academic requirements. This standard is called Satisfactory Academic Progress (SAP). The Financial Aid Office monitors SAP at the end of every semester. Three standards are used: GPA, PACE (units attempted vs. units completed) and Quantitative (time-related). You must meet the minimum requirements of all three standards to receive federal financial aid. When you receive a ‘W’ (withdrawal) it signifies a lack of progress towards your academic goal and will affect your GPA based, PACE and time-related progress. Federal Financial Aid Requirements: All students receiving federal aid must meet the standards of all three of the following categories:
CUMULATIVE GPA BASED: Undergraduate students must make a minimum cumulative grade point average each semester of no less than 2.0. A 2.0 is equivalent to “C” level work. Graduate students must make a minimum cumulative grade point average each semester of no less than 2.5 or C+. CAL GRANT and VA recipients must maintain the same standards PACE: All coursework completed will be included in the evaluation of Units Attempted versus Units Completed. This includes ‘W’ (withdraw) and ‘F’ (failure) grades. An ‘F’ (failure) grade may be repeated and funded one time. Units Completed will be divided by the number of Units Attempted. When the percentage of units attempted versus units completed is 67% or above the student has met the requirements for PACE. Less than 67% completed is considered not making PACE. PACE will be evaluated at the end of each semester. All semesters will be included in the calculation of SAP even periods of non-funding including summer semesters. All coursework completed at prior institutions that is transferred to the SBC&GS degree will be included. QUANTITATIVE: The maximum number of units a student can be awarded financial aid towards their academic goal is 150% of their stated program of study. Time-related SAP will be determined by major. Changing majors will impact your ability to complete your education with Financial Aid funding. Please note that very few majors will exceed the 192-unit limit and the Bible certificate programs will be substantially less. All units from prior institutions will be included in the unit count. If it has been determined that a student can’t mathematically finish their program of study within the allotted time frame (150%) they will become ineligible for Financial Aid. It is suggested when the student has completed 67% towards their stated major they review their academic standing with their supervisor to correct any deficiencies in their coursework prior to using all their financial aid funding. It is at the discretion of the Financial Aid Office to request an Academic Plan from the student’s supervisor.
Units from other Colleges/Universities: Units from other colleges/universities that are degree applicable will be included in your maximum time-related calculation. BE AWARE! Changes made to your major will not change the time related SAP, PACE or QUANTITATIVE requirements and may limit future funding. If you have already completed a college degree, you are not eligible for further funding. Graduate students are eligible for Federal Unsubsidized Loans. Frequency of Progress and Goal Review: We assess at the end of each semester. The student must meet all SAP standards to maintain eligibility. For example, if you enroll full time and drop half of your units after the add/drop deadline, you are not meeting the PACE standards even if you are meeting the GPA based standard. Continuing this pattern of dropping coursework will result in not completing your program of study within PACE or QUANTITATIVE SAP as well. What if you don’t make SAP? Sometimes unexpected events prevent you from passing classes, dropping a class, or withdrawing during the semester which results in unsatisfactory academic progress. The first semester you fail to make SAP will result in a warning. You will be eligible for one additional semester of funding in a warning status. During this semester it is possible to clear the warning status by successfully completing the semester with SAP. If the warning semester results in a lack of SAP future financial aid funding will cease unless the Faculty Committee and the Financial Aid Committee grant a Probation semester. MILITARY DEPLOYMENT: Students who have been deployed for military reasons may have the warning status removed upon return with adequate documentation. Regaining Financial Aid Eligibility: After two unsuccessful semesters of using financial aid but without passing SAP, a student may continue financial aid eligibility by filing a one-time Probation Appeal with the Financial Aid Office. This appeal will be first taken to the Faculty Committee to approve any granting of an Academic Probation before a Financial Probation can be considered. Upon review and approval of your appeal an academic plan will be implemented between the Financial Aid Office and the student. This will be a signed contract and failure to comply will immediately disqualify the student from ALL future funding. Adequate consideration will be given to all appeals. The appeal process is available one time and not subject to re-appeal if denied. All decisions of the Financial Aid Office are final. The student will be notified in writing regarding the decision of the Financial Aid Office. Upon acceptance and approval of the signed Academic Plan the student will be placed on Probation Status with the Financial Aid Office. Subsequent semesters with failure to comply with the Academic Plan or failure to make SAP will result in all future Financial Aid terminated without opportunity to appeal. Appeal Process: Situations that may be considered for an appeal relate to the student or their immediate family members only. These situations must be extenuating emergency situations such as: death of immediate family member or extreme medical emergencies. The written appeal must include reason for lack of SAP and what steps the student has taken to correct the situation satisfactorily. The semester following the Ineligibility Status will not be funded. An appeal may be submitted one time only by the deadlines of 15th of either October or March following the semester the student became ineligible. Appeals submitted after this date will be reviewed the following semester. If the appeal is approved the student will be required to sign an Academic Plan contract authored by the Financial Aid Director and personalized to assist the student in making SAP and maintaining PACE. During the time the student is under the contract of the Academic Plan the student will remain on Probation. Upon successful completion of the Academic Plan the student will return to normal standing. Should the student not make SAP in the future the student will again be placed in Warning Status with one additional funding of financial aid. No additional appeals are accepted. The Appeal Form is available from the Financial Aid Office and student page online at www.shasta.edu Academic Plan The Financial Aid Director will request an Academic Plan from the student’s supervisor designed to assist the student in successfully completing their elected program of study within a prescribed time frame while successfully maintaining SAP. The Academic Plan must be followed by the student to prevent future disqualification from Financial Aid. This will be a signed contract between the student and the Financial Aid Office. SAP will be reviewed at the end of each the semester to determine compliance with the Academic Plan as well as SAP. The Academic Plan cannot exceed the allowed time frame of 150% plus units for a given program. The student will stay on Probation Status for the length of the Academic Plan at which time the student will return to normal standing provided they have continued to follow the Academic Plan and make SAP. SCHOOL AFFILIATED ORGANIZATIONS Shasta Bible College and Graduate School is not affiliated with any organizations that derive or gain any benefit from the student loan industry. SBC&GS does not have any preferred lender arrangements. |
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