Financial Aid OverviewGeneral Costs for the 2016-17 school year.
Tuition Per Semester: $350 per unit, undergraduate $350 per unit, graduate Tuition, resident hall costs, and all other fees are subject to annual review and change Housing Per Semester: Housing for single students--$1200.00 per semester Maintenance Fee (non-refundable)--$150.00 Cleaning Deposit (refundable upon approval)-- $100.00 *Full time unmarried students have priority for placement in on-campus housing. 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. Resident hall occupancy during the summer months may be available by special arrangement with the Office of the Executive Assistant to the President. Special Fees Per Semester: Non-Refundable Fees: Application fee (one time fee) -- $50.00 Registration fee--$200.00 per semester. Note that $100 is waved if you are registered one month prior to the start of classes. Student Activity fee*--$70.00 per semester Yearbook fee*--$20.00 per semester Accidental Insurance fee*--$40.00 per semester Graduation fee, undergraduate--$125.00 Graduation fee, graduate--$125.00 Technology Fee--$150.00 per semester Credit for Work Experience--$30.00 per course credited Extended Payment Agreement--$100.00 per semester Any fees required by a school for supervised field work or student teaching will be billed to the student at enrollment. * These fees are required for students taking classes on the Redding campus. Married students who carry their own accident insurance can have the insurance fee waived with documentation. Refundable Fees: Resident Hall Key Deposit (refundable)--$20.00 Mailbox Key Deposit (refundable)--$5.00 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 classes. Auditors are not required to complete assignments or take examinations. Audit Enrollment Fee--$50.00 per course Audit Technology Fee--$100.00 per course Total:$150.00 per course Students who take 15 units or more in a semester may audit one class free of charge upon approval of the professor. Typical Undergraduate Semester Cost: For a student carrying a full-time load (12 units*), the following cost estimates emerge: TUITION ($350 per unit) $4200 FEES (Non-refundable) $350 On-Campus Fees (Non-refundable) $90 On-campus Fees (refundable) $25 RESIDENTIAL HALL $1200 Residential Fees (Non-refundable) $150 Residential Fees (refundable) $100 TOTAL Typical Cost-- $6115 per semester ($12,230 per year) 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, medical/dental, entertainment, transportation, etc. A city bus stops hourly at Shasta Bible College and serves the entire community for a reasonable fare. Coin-op laundry facilities are available on site for resident students. *Note that for financial aid eligibility 12 units is considered full time. To finish a degree at SBC within the allotted time, a student must average a minimum of 16 units a semester. Another option is to take a class during summer school. To take more than 18 units a student must receive special permission from the Registrar. Typical Graduate Semester Cost: For a student carrying a minimum full-time load (9 units) the following cost estimates emerge: TUITION ($350 per unit) $3150 FEES (Non-refundable) $350 TOTAL TYPICAL COST- $3500 per semester ($7000 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. Payment of Accounts Charges for tuition and fees, including resident hall charges, are all due and payable at the time of registration. Students are not considered registered and may not be admitted to class until they have signed a financial contract with the Financial Aid Director. Copies of the contract with expected financial aid will be sent to the student prior to the first day of class for approval. An extended payment plan is available for a $100 per semester fee. Applications and disclosures for federal loans can be found on the SBC web site in the right column on the Financial Aid page. Charges for tuition and fees, including resident hall charges are all due and payable at the time of registration. Payment plans may be negotiated at the discretion of the institution. 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 Financial Aid Office. See the Director of Financial Aid for details. 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). Shasta Bible College & Graduate School admits qualified students who are personally committed to faith in Jesus Christ, and does not discriminate on the basis of sex, color, physical disability, national or ethic origin in the administration of its educational programs, admissions policies, financial aid programs, and other school administered programs. Financial Aid Overview Ninety Eight percent of the students at Shasta Bible College and Graduate School receive some form of financial aid. This aid may be Federal Title IV, VA benefits, Cal Grant benefits, or Institutional Aid. 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. These programs include the Pell Grant, FSEOG Grant, Federal Work Study and Federal Direct Loans. SBC also administers the Cal Grant program for students who have received an award and Veteran disbursements for eligible vets. SBC does not participate in any type of school sponsored student loan program. All programs are from the federal government and 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. 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 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 (FAFSA), is free and easy. It can be completed online or in a paper format. 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 Federal aid comes from the U.S. Government. FSA ID: The first step in the electronic application process is to obtain a Federal Student Aid Identity. An FSA ID is a username and password that you must use to log in to certain U.S. Department of Education websites. Your FSA ID identifies you as someone who has the right to access your own personal information. If you are a parent of a dependent student, you will need your own FSA ID if you want to sign your 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. Sharing your FSA ID could put you at risk of identity theft! What happened to the Federal Student Aid PIN? The FSA ID replaced the the Federal Student Aid PIN on May 10, 2015. If you haven’t logged in to a Federal Student Aid site (such as fafsa.gov or StudentLoans.gov) since May 10, you will need to create an FSA ID before you can log on in the future. If you already have a PIN, you can link your information to your new FSA ID by entering your PIN while registering for your FSA ID. (This will save you time when registering for your FSA ID.) However, a PIN is not required to create an FSA ID. Wondering why the FSA ID replaced the Federal Student Aid PIN? The main reason we made the change was to increase security. Having a username and password is much more secure than a PIN that you enter in conjunction with personally identifiable information (your Social Security number, name, and date of birth). The fewer times you have to enter personally identifiable information over the Internet, the safer you are. 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 accept 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’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 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. The verification worksheets are available on the Financial Aid page online at www.shasta.edu Please 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. 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. A statement to that effect will be taken from you as part of the FAFSA application process. 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 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/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’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 account. Please refer all questions to the Financial Aid Office. Pell Grant: This grant is aid that is given based on financial need and does not have to be repaid. 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 2017-18 school year is $5920 based on full-time enrollment. Students on a part time curriculum receive a prorated amount. Students with an EFC of 0 through 5234 will receive some portion of a 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 Pell Grant eligibility. Minimum grant is $100. Maximum grant is $500 per year. These grants are awarded by the Scholarship Committee by July 28, for the fall semester, December 7 for the spring semester, and May 1 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 $10.00 per hour (California minimum wage) and work 3-5 hours per week. Where possible, jobs are designed to be in line with a student’s educational goal. Federal Direct Loans: Shasta Bible College administrates the federal student loan program available to eligible students. 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 or state government and the student defaults on the loan, both of the following may occur: (1) 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. (2) 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. Loan forms can be found on the website on the Financial Aid page. See the column on the right for the SBC loan related forms. The Financial Aid Office will help the student with loan amounts and limits. SBC Scholarships: Shasta Bible College offers a limited number of scholarships. Forms can be found on the website: www.shasta.edu. Click on financial aid. The scholarships offered by SBC 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). Distance Education Eligibility: Students taking courses via distance education may qualify for federal and state 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 may qualify for Cal Grant programs by filling out a FAFSA by the March 2 deadline and having SAT scores submitted before the March 2 deadline. 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 up to $9084 for new awards to a private college. To apply for a Cal Grant, submit 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. 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. 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 $1,656 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 $9,084 per year when attending a private eligible college. 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. 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. VETERANS INFORMATION Information for Veteran students… Shasta Bible College is approved as a degree-granting institution for the attendance of veterans. The VA has approved “all standard degree programs for approval effective 8/01/2011” to train students who are using VA education benefits. Note that One-year Certificate programs and three year Diploma programs are not included and are not approved by the VA. The Secondary Bachelor of Arts in Biblical Studies is not included with this approval. Individualized Distance Education courses are approved when applicable to the Associate of Arts in Early Childhood Education only. They do not apply to the Certificate in Early Childhood Education. All college transcripts are evaluated for possible units that can be transferred. Veterans can also apply for credit for work. See the catalog specific information related to Credit for Work Experience under Admissions Policies. The SBC Financial Aid Office can help with federal aid for: Chapter 30® – Montgomery GI Bill® Chapter 33® – Post-9/11 GI Bill® Chapter 35® – Survivors’ and Dependents’ Education Assistance Program® Chapter 31® – VA Vocational Rehabilitation® Chapter 1606® – Selected Reserve® Shasta Bible College and Graduate School is a Yellow Ribbon® participating school. Veterans who are eligible under the Post-9/11 G.I. Bill® at the 100% benefit rate can apply for the Yellow Ribbon Scholarship. This program is available to an unlimited number of undergraduate students. Shasta Bible College and Graduate School will make a contribution of $500 on behalf of the individual in the form of a Yellow Ribbon Scholarship and the VA will match that contribution. The student will receive $1000 per academic year and all subsequent academic years in which the student is eligible for military benefits and the student maintains satisfactory progress, conduct and continuous enrollment. Veterans or dependents of veterans who plan to enroll at Shasta Bible College are encouraged to contact the Financial Aid Office, Mrs. Linda Iles (530-221-4275 x 21) as soon as possible in order to make necessary arrangements with the Veterans Administration. For information on how to apply for education benefits, GI Bill®, and payment rates, visit US Department of Veterans Affairs at www.gibill.va.gov or call (888) 442-4551. Veterans are eligible to apply for Pell Grants and Federal Work Study programs in addition to their VA benefits. They are encouraged to fill out the free federal application found at www.fafsa.ed.gov. Retired veterans are honored by Shasta Bible College and Graduate School with a 25% tuition discount after all other aid has been considered. See the application for institutional aid on the financial aid page at www.shasta.edu. Honorably discharged veterans who have used all of their eligible educational GI Bill® assistance can receive a 10% tuition discount. See the application for institutional aid on the financial aid page at www.shasta.edu. Notice to Veterans: Veterans are required to make satisfactory academic progress each semester as with other federal aid. See the catalog for information about Satisfactory Academic Progress. Should active duty require you to be away, reservists are advised to make arrangements with their individual professors as soon as possible. All accommodations possible will be made. If an incomplete is necessary, the student should contact the registrar’s office for the proper form. Since GI Bill® benefits are based entirely on the number of units for which you are registered, it is imperative that you contact Mrs. Iles in Financial Aid anytime you add or drop units. In addition to the tuition benefit of the Yellow Ribbon® program, students may also be eligible for other benefits. In order to receive the monthly housing allowance, you must be enrolled for 7 or more units per semester. For further general information concerning VA benefits see the following link: Info for Veterans 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 may be subject to eviction, suspension, and/or dismissal by the Administrative Committee. 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 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. 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. Student desiring to withdraw from school or request a leave of absence must complete a withdrawal form. Failure to attend classes will not entitle a student to a refund unless the proper withdrawal procedures are followed. The date of calculation is the date that the form is completed and returned to the Registrar’s Office. The form can be obtained from the Registrar’s office and should be completed by the student and returned to: Registrar, Shasta Bible College, 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 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, you are responsible to repay the remaining balance. If you owe a repayment you will not be able to receive a transcript, register in a future term or receive financial aid until you have paid the outstanding balance. Refunds to students who are dismissed for academic deficiency or misconduct will be subject to administrative review. Before making a decision 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. REFUND POLICY: Tuition refund for students who have completed 60% or less of the course of instruction of any course shall be a prorated refund. No refund may be claimed after 60% of the course has been completed. Housing cost will be prorated. No refund of housing fees. A student’s refund will be calculated as follows: Withdrawal in the first two weeks of class: 100% refund of tuition and fees. Housing will be prorated. 3rd week: 80% refund of tuition and housing (no refund of fees) 4th week: 70% refund of tuition and housing (no refund of fees) 5th week: 60% refund of tuition and housing (no refund of fees) 6th week: 50% refund of tuition and housing (no refund of fees) 7th week: 40% refund of tuition and housing (no refund of fees) 8th week: 30% refund of tuition and housing (no refund of fees) 9th week: 20% refund of tuition and housing (no refund of fees) after the 9th week, no refund. EXAMPLE: An on campus student enrolls for 12 units at a cost of $3900 tuition, housing $1,200, and $530 in fees. The total semester cost is $5,630. The student then withdraws during the 6th week. Tuition refund is $1,950 and housing refund is $600. There is no refund of fees. For classes not conducted on the traditional 15 week semester basis (such as Maymester), the tuition refund will be 100% through the second class session and will be calculated thereafter on an equivalent pro rata basis. 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. State of California Student Tuition Recover Fund: Student Tuition Recovery Fund Disclosures (§5 CCR 76215(a)) The Student Tuition Recovery Fund (STRF) was established by the Legislature to protect any California resident who attends a private post-secondary institution from losing money if you prepaid tuition and suffered a financial loss as a result of the university: closing, failing to live up to its enrollment agreement; or refusing to pay a court judgment. “You must pay the state-imposed assessment for the Student Tuition Recovery Fund (STRF) if all of the following applies to you: 1. You are a student in an educational program, who is a California resident, or are enrolled in a residency program, and prepay all or part of your tuition either by cash, guaranteed student loans, or personal loans, and 2. Your total charges are not paid by any third-party payer such as an employer, government program or other payer unless you have a separate agreement to repay the third party. You are not eligible for protection from the STRF and you are not required to pay the STRF assessment, if either of the following applies: 1. You are not a California resident, or are not enrolled in a residency program, or 2. Your total charges are paid by a third party, such as an employer, government program or other payer, and you have no separate agreement to repay the third party.” “The State of California created the Student Tuition Recovery Fund (STRF) to relieve or mitigate economic losses suffered by students in educational programs who are California residents, or are enrolled in a residency program attending certain schools regulated by the Bureau for Private Postsecondary and Vocational Education. You may be eligible for STRF if you are a California resident or are enrolled in a residency program, prepaid tuition, paid the STRF assessment, and suffered an economic loss as a result of any of the following: 1. The school closed before the course of instruction was completed. 2. The school's failure to pay refunds or charges on behalf of a student to a third party for license fees or any other purpose, or to provide equipment or materials for which a charge was collected within 180 days before the closure of the school. 3. The school's failure to pay or reimburse loan proceeds under a federally guaranteed student loan program as required by law or to pay or reimburse proceeds received by the school prior to closure in excess of tuition and other costs. 4. There was a material failure to comply with the Act or this Division within 30 days before the school closed or, if the material failure began earlier than 30 days prior to closure, the period determined by the Bureau. 5. An inability after diligent efforts to prosecute, prove, and collect on a judgment against the institution for a violation of the Act.” However, no claim can be paid to any student without social security number or a taxpayer identification number.” However, no claim can be paid to any student without a social security number or a taxpayer identification number. The STRF fee will be assessed at the time of admissions and will appear on the contract. Students are advised to keep their copy of the contract to show that the fee was paid. Satisfactory Academic Progress Policy As a financial aid recipient, it is your responsibility to understand the terms and conditions of the Shasta Bible College Satisfactory Academic Progress Policy as it relates to you. This standard is called Satisfactory Academic Progress (SAP). The Financial Aid Office will monitor your progress at the end of each semester. We use three standards: GPA, PACE (units attempted vs. units completed) and Quantitative (time-related). You must meet the MINIMUM requirements of all three standards to receive financial aid. GPA BASED: The cumulative grade point average requirement is a 2.0. A 2.0 is equivalent to “C” level work. CAL GRANT RECIPIENTS: Note that Cal Grant standards mandate that you must maintain a 2.0 GPA in order to continue to receive a Cal Grant. You can regain eligibility by improving your GPA over the next semester. PACE: All coursework completed will be included in the evaluation of Units Attempted versus Units Completed. This includes ‘W’ (withdraw), ‘IP’ (in progress), ‘I’ (incomplete) 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 you have 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 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 90 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 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, 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 ONLY. During this semester it is possible to clear the WARNING status by successfully completing the semester with SAP. If the subsequent semester results in a lack of SAP future funding will cease. The student can petition the Financial Aid Committee to allow aid for one additional semester (called Probation). A form for petition is in the right hand column on the Financial Aid page on the web. By not making satisfactory academic progress a second time, a student loses your financial aid funding resulting in an INELIGIBLE status. MILTARY 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 aid you may regain financial aid eligibility. The semester the appeal is submitted will not be funded. 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. 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. 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, we 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. Financial Aid Code of Conduct Related to Student Finances CODE OF CONDUCT: As an employee at Shasta Bible College and Graduate School, I 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 my responsibility to live an exemplary Christian life in keeping with the admonitions of Scriptures. EMPLOYEE RESPONSIBLE FOR STUDENT LOANS: Director of Financial Aid CONFLICTS OF INTEREST DEFINED: As an employee, I 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, I will either: 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. 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. PREFERRED LENDER ARRANGEMENT: SBC does not have any preferred lender arrangements. 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. Institutional SCHOLARSHIPS AND AWARDS Shasta Bible College offers a limited number of scholarships. The scholarships offered by SBC will be applied towards the student’s tuition expenses only. Institutional aid cannot be used to pay for any institutional fees or California STRF fees. 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). Institutional Scholarships cannot be used to pay for courses that must be repeated because of a failing grade. Shasta Bible College is eligible to participate in the following Title IV programs: Federal Pell Grant, Cal Grant, Federal Supplemental Educational Opportunity Grant (FSEOG), Federal Direct Subsidized and Unsubsidized loans, PLUS Loans 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. Any Title IV funds must be applied toward a student’s tuition before SBC scholarships will be calculated. DEADLINES: The deadline for consideration by the Scholarship Committee for all grants and institutional awards is July 29 for fall semester, December 7 for spring semester, and May 1 for summer semester. The FAFSA must have been received and verified by the July 29, December 7, or May 1 deadlines. Requests for exceptions must be submitted to the Financial Aid Committee. APPLICATION: The awarding of institutional awards requires the submission of the SBC Scholarship Application by the student each academic year the scholarship is awarded. Granting of the scholarship is contingent each term upon meeting Satisfactory Academic Progress and approval by the Scholarship Committee. Forms can be found on the website: www.shasta.edu. Click on the financial aid tab and look for the application on the right hand side of the page. POLICIES: The Scholarship Committee can award up to 30% of tuition with a combination of institutional grants. All SBC scholarships require that the student fill out a FAFSA and a SBC scholarship application. Application forms are available on the website at www.shasta.edu under the financial aid tab. Scholarships are awarded by the Scholarship Committee and their decision is final. For any exceptions, see the Financial Aid Director. A list of all institutional scholarships is available on the website under the financial aid tab. |
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