Finances & Aid

High School

• Tuition: $150 per credit hour
• Online Technology Fee: $35 per course

Undergraduate

• Tuition: $399 per credit hour
• Online Technology Fee: $35 per course

Endorsement*

• Tuition: $417 per credit hour
• Online Technology Fee: $25 per credit hour

Non-Degree

• Tuition: $399 per credit hour
• Online Technology Fee: $35 per credit hour

*A one-time matriculation fee of $50 may be charged to new students enrolling in a degree program.

First time taking an online class from us? Take advantage of our $99 promotion!

If you are in high school and have never taken a class at FBBC, your very first online class with us is $99 in 2024! All online classes apply (unless marked otherwise).

Federal Pell Grant

Pell grants are often the first resource for college students. These grants are determined by completing your FAFSA. A Pell grant currently offers students up to $7,395, based on a student’s financial eligibility.

State Aid

Residents of Iowa have the opportunity to receive thousands of dollars in grants and scholarships from the state. For more information about merit and need-based college financial aid, visit the Iowa Department of Education website.

• Iowa Tuition Grant (ITG): Up to $8,500 for the school year
• All-Iowa Opportunity Scholarship
• Iowa Gear Up Scholarship
• Iowa College Aid administers need-based college financial aid for Iowans

Federal/Direct Loans

Federal/Direct loans enable students to obtain a low-interest deferred-payment option with the Department of Education. There are two types of Direct Loans: subsidized and unsubsidized. You must have financial need to receive a subsidized Direct Loan. The U.S. Department of Education will pay (subsidize) the interest that accrues on a subsidized Direct Loan while you are in school. For an unsubsidized Direct Loan, financial need is not a requirement. You are responsible for paying the interest that accrues on unsubsidized Direct Loans.

Students must complete the FAFSA and be enrolled in at least six credit hours to be eligible for federal loans. Repayment begins six months after the student withdraws, graduates, or drops below six credit hours.

If you wish to take out a loan, contact the Financial Aid Office for the form needed. For more information on federal direct loans, visit studentaid.gov.

Private Loans

Faith Baptist Bible College does not provide a preferred lender or a historical lender list. We encourage students to take advantage of all sources of federal, state, and institutional aid, before turning to private student loans. A private student loan may also be referred to as an alternative student loan.

In the event that additional aid is needed beyond what federal, state, or institutional aid can provide, alternative student loans are available to students. Choosing a lender is an important financial decision. We encourage students to extensively research their private loan lending options to identify the lender whose terms and conditions best meet
their needs.

Faith does not endorse any specific lender. Students complete an application directly with the lender of their choice; the application may be subject to credit approval. If you choose to take out an alternative student loan, please notify the financial aid office.

VA Education Benefits

Your GI Bill® and other VA Education Benefits, for you or your spouse or dependent(s), can be used with all of Faith’s degree programs. To learn about eligibility for these benefits, please visit va.gov. A veteran or  service member(or the spouse of a member if the member has a dependent child) with financial education benefits should notify the Financial Aid Office and provide a copy of their certificate of eligibility (COE) form. In addition, the student must present evidence of eligibility before certification of benefits can be completed.

Iowa National Guard Service Scholarship

This scholarship provides annual awards to Iowa National Guard members pursuing an undergraduate degree. This award is a percentage of the resident tuition for full-time students at Iowa Regent Universities

Private and Community Organizations

Consult your high school counselors for information about private scholarships or community-specific educational funds. Many different scholarship search tools are available online.

1. Complete a college application. The first step to receiving financial aid is to apply to Faith.
2. Fill out the FAFSA. This form is used to determine your state and federal grant eligibility, as well as your federal loan eligibility. For students in Iowa, the deadline for filling out your FAFSA is July 1. Be sure to enter school code 007121 to have your information sent directly to Faith.
3. Perform your scholarship interview. Much of our new student aid is awarded through our fall and spring Scholarship Weekends each November and April. During this weekend, you can tour our campus and interview for thousands of dollars in institutional scholarships. When you are interviewed at Scholarship Weekend or over the phone, you are automatically applying for all scholarships for which you are eligible.
4. Submit your ACT/SAT scores. To help us more accurately award scholarships and financial aid, you can opt to submit your ACT or SAT scores. You can submit your scores directly to the Admissions Office.

Financial aid regulations authorize financial aid staff to use “professional judgment” on a case-by-case basis if supported by the proper documentation. More information is provided below. Please contact the Financial Aid Office for any questions or forms needed.

Special Circumstances

When data that is required to be reported on the FAFSA does not accurately portray a family’s current financial situation, students can submit a special circumstances request, including proper documentation. Common examples that might warrant this request include unusual medical expenses not covered by insurance, death, separation/divorce, loss of benefits or support, loss of employment, reduction in income, or additional family members enrolled in college. This is not an exhaustive list.

Unusual Circumstances/Dependency Override

A student is considered a dependent student and requires parental information on the FAFSA until he is 24 years old, married, or a veteran. When a student is unable to contact a parent contributor or when contact with parents poses a risk to a student, a dependency override may be warranted.  Other situations could include when a student is a victim of human trafficking, legally granted refugee or asylum status, parental abandonment or estrangement, or incarceration.  It does not include situations when a parent refuses to complete the FAFSA, contribute to the student’s education, parents not claiming the student as dependent for income tax purposes, or that the student is totally self-sufficient. If the student indicates unusual circumstances on his FAFSA, the Financial Aid Office will contact the student to request official supporting documentation and will strive to make a determination as quickly as possible, but no later than 60 days after the student enrolls.