Financial Aid
Overview and General Eligibility Requirements
Nazarene Bible College offers financial aid in the form of grants, scholarships, and loans. Federal aid includes the Pell Grant, Supplemental Educational Opportunity Grant (SEOG), and Federal Direct Loan Programs, which provide long-term, low interest loans. In addition, the college offers a limited number of scholarships that are institutionally funded. An individual student's financial aid package may be comprised of one or more of these types of aid. Qualifications for such aid should be discussed with an NBC Academic Advisor. Students are encouraged to visit the Federal Financial Aid website at studentaid.gov/h/apply-for-aid/fafsa. The NBC code is 013007. Consumer information related to the financial aid programs of Nazarene Bible College, its policies and procedures, and student eligibility may be obtained by contacting the director of financial aid.
Generally, financial aid is tailored to help meet the needs of the student, but both the student and the college must recognize that the primary responsibility for paying college expenses rests with the student.
Eligibility for the various types of aid is determined by analyzing the information provided on the Free Application for Federal Student Aid (FAFSA). The student may apply for one or more types of aid depending upon qualifications and the funds available. The student must be enrolled for at least four hours and be in good academic standing to be eligible for federal aid. However, the student may, in certain cases, be eligible for a Federal Pell Grant for enrollment of less than four hours. Students must be enrolled in and attend at least four credit hours to receive loans. Financial aid is disbursed in even amounts over the student's scheduled enrollment period for the current academic year. Students may have one or more disbursements based on their enrollment period and their academic program. All disbursements will be credited to the student's account.
A student must reapply each year for federal aid. The Director of Financial Aid is responsible for the administration of all financial aid funds.
Schedule of Funds
Schedule of Funds (Adobe PDF)
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A student must meet the following basic criteria to receive federal student aid:
- Complete the FAFSA at studentaid.gov/h/apply-for-aid/fafsa for the academic year in which the student will enroll.
- Have a high school diploma, GED or have passed a similar independent test approved by the Department of Education.
- Be a U.S. Citizen or eligible non-citizen.
- Be enrolled as a regular degree seeking student to receive Federal Aid.
- Be enrolled at least half time (4 credit hours per term) as a regular degree seeking student to receive loans.
Note A student must reapply each year for federal aid and institutional aid.
Maintaining Eligibility
Satisfactory Academic Progress
A student must meet Satisfactory Academic Progress Standards (SAP) to be eligible for federal student aid and institutional scholarship aid. Students placed on financial aid suspension or removal forfeit all rights to financial assistance.
The financial aid suspension process includes three steps: warning, suspension with opportunity for appeal, and removal from eligibility. The entirety of this process can be found in the Satisfactory Academic Progress policy listed below.
If a student is placed on suspension, he/she may contact the financial aid office to file an appeal and discuss any extenuating circumstances. Students should review the Nazarene Bible College Satisfactory Academic Progress Policy for more detailed information.
Satisfactory Academic Progress (Adobe PDF)
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Enrollment Changes
Financial aid is offered based on a student's program. Students who are enrolled less than full-time or who drop courses (never attend a course, or withdraw from a course prior to the first day of classes), may not qualify for all of their aid.
Students who withdraw from classes (attend a course and withdraw after the first day of classes) may be required to repay all or a portion of their federal aid funds. When a student withdraws from a course, the financial aid office must determine the amount of federal aid the student has earned based on the amount of time the student was in class. This means that the date of the student's withdrawal will determine the amount of federal aid the student may keep. If a student withdraws during the NBC refund period (please see tuition and fees for the NBC Refund Policy) the student may also receive a refund of their class costs based on the student's official withdrawal date. Because this calculation is based on several factors, and requires an official withdrawal date, it is difficult to precisely determine the amount a student may need to pay out-of-pocket before a withdrawal date is determined. Students should review the Nazarene Bible College Withdrawal and Financial Aid Policy for detailed information.
Withdrawal and Financial Aid (Adobe PDF)
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Financial Aid Policy and Procedures Handbook
Financial Aid Policy and Procedures Handbook (Adobe PDF)
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Veterans Benefits
Nazarene Bible College is approved for the training of veterans. At present, the specific approved programs for which the veteran may receive educational benefits are the Bachelor of Arts in Ministry (B.A.Min.), the Associate of Arts in Ministry (A.A.Min.), the Ministry Preparation Program (MPP), and El Programa de Preparación Ministerial (PPM).
VA students should go to benefits.va.gov/gibill to apply for benefits or to make benefit changes. Another helpful resource and advocacy support for Veterans is Veterans Guide. Questions may be directed to the financial aid office.
Veterans Administration Requirements
To maintain certification for Veterans Administration benefits, a student must earn a grade point average of 2.0 or better. Failure to do so will result in Academic Probation. If the student does not meet minimum requirements for three successive trimesters, the student will be placed on academic suspension and will be ineligible to enroll in the next trimester. Please see the Academic Probation section of the Catalog for more details.
A student may receive benefits for repeating a course if that course is required in the program of study. The law prohibits payment of benefits for courses not included in a student's program of study or courses from which the student withdraws. Payment of tuition and fees is allowed for courses taken by directed study.
Nazarene Bible College permits any individual who is entitled to educational assistance under Chapter 31, Veteran Readiness & Employment, or Chapter 33, Post-911 GI Bill® benefits to attend or participate in the course of the education whereupon the student provides a Certificate of Eligibility (COE) for entitlement to educational assistance or appropriate Statement of Benefits no later than the first day of the course. The COE is to be obtained from the VA by the student and then provided to the School Certifying Official (SCO) upon receipt.
Nazarene Bible College does not impose late fees or denial of access to courses, library services, or other institutional facilities upon a student whose Chapter 31 or Chapter 33 disbursements funding is delayed. For the same, NBC does not require a student to borrow any additional funds to cover tuition charges when experiencing disbursements delays.
Whereas it is the policy of Nazarene Bible College that all students are fully responsible for the tuition and fees listed on their student ledger, students who are covered by VA, Military TA, or Veteran Readiness & Employment benefits are fully responsible for tuition and fees not covered by disbursed funding.
It is the responsibility of any student covered by VA, Military TA, or Veteran Readiness & Employment benefits to maintain their ledger, academic progress, and any documents required by the appropriate sponsoring agency. Nazarene Bible College is able and willing to help students complete document requirements as legally permissible.
The evaluation of previous postsecondary education and training is mandatory and required for VA beneficiaries. For students utilizing Veterans benefits who are approved for transfer credit as a result of this evaluation, the institution will grant appropriate credit, reduce the program length proportionately, notify the student and Verterans Affairs in writing of this decision, and adjust invoicing of the VA accordingly.
GI Bill® is a registered trademark of the U.S. Department of Veterans Affairs (VA). More information about education benefits offered by VA is available at the official U.S. government Web site at https://www.benefits.va.gov/gibill.