Financial Aid Options
Faith was named one of the Top 100 Best Colleges for the Money in 2019 by College Factual! We understand that cost is a huge factor in your college decision. We strive to keep our costs affordable to make it as easy as possible for you to experience the life-changing college experience at Faith.
Important Dates
August 1
Down payment and required paperwork are due.
April 1
FAFSA Deadline: Recommended for receiving the best consideration for institutional aid.
April 2 – 4
Spring Scholarship Weekend: Interview for thousands of dollars in scholarships.
Federal & State Financial Aid Options
In addition to our generous scholarships and institutional aid packages, students can qualify for several federal and state grants and aid.
Federal Pell Grant
Pell grants are often the first resource for college students. These grants are determined by your FAFSA. A Pell grant currently offers students up to $6,195, based on a student’s financial eligibility. Those with the greatest financial need will receive the maximum award.
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 College Aid website.
- Iowa Tuition Grant (ITG): Up to $6,000 for the 2019-2020 school year
- All-Iowa Opportunity Scholarship
- Iowa Gear Up Scholarship
- Iowa College Aid administers need-based college financial aid for Iowans
Loans
We realize that loans are often a necessary part of the college experience. Faith will not certify a loan unless a FAFSA online interview has been completed. It is important to remember that FAFSA is not an application for a loan. It is also important to research loans very carefully. We would encourage you to look for banks and lenders who offer good interest rates.
Federal/Direct Loans
Federal Subsidized and Unsubsidized loans are available. Students must complete the FAFSA to be eligible for a loan.
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.
Additional Financial Aid Options
VA Education Benefits
Faith Baptist Bible College and Theological Seminary is approved by the Office of Veterans’ Education for training under the veterans’ programs. Qualifying students should notify the Financial Aid office and provide a copy of their certificate eligibility form.
Army National Guard Tuition Assistance
This program provides financial assistance for Service members to pursue their educational goals. To qualify, you must be in the Army National Guard.
Iowa National Guard Educational Assistance Grant
This grant provides annual awards to Iowa National Guard members. 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.
