Learn how to apply for aid and available grants.
Evaluate your loan options and discover scholarship opportunities.
(Non-degree, Certificate, Associates, Bachelors, Second Degree)
If you’re like most of our students, you’ll have to seek financial aid. The LBC Financial Aid Office can help.
Together, we’ll explore which funding sources match your eligibility and need. We’ll also help you complete all the necessary paperwork and answer any questions you may have. We’re here to put your financial worries to rest.
You should know LBC is a great value compared to many other accredited Christian and secular independent colleges. We keep tuition costs below the national average, while delivering a purposeful, Bible-centered education. Above all, have faith. You can afford it!
Watch this video to help you understand how to create your Federal Student Aid ID that you will use throughout your educational experience. Make sure to save your user name and password for future use.
Complete your Free Application for Federal Student Aid (FAFSA) as soon as possible after October 1. Lancaster Bible College’s federal school code is 003285.
Submit Your FAFSA
There are many grants available to accelerated undergraduate students. Start your financial aid search by exploring grants first – these don’t have to be repaid. Please read the description of each to find out if you are eligible and how to apply. Email LBC’s Financial Aid Office if you need to speak with a financial aid specialist.
There are several types of scholarships also available for the students that meet the requirements.
Capitol Scholarship Program
Department of Higher Education
61 Woodland Street
Hartford, CT 06105-2326
Delaware Higher Education Commission
Carvel State Office Building
820 North French Street
Wilmington, DE 19801-3509
Finance Authority of Maine
Maine Education Assistance Division
5 Community Drive
P.O. Box 949
Augusta, ME 04332-0949
207.623.3263 or 800.228.3734 (within ME)
Massachusetts Office of Student Financial Assistance
Revere, MA 02151
Ohio Board of Regents
Ohio Instructional Grant (OIG)
State Grants and Scholarships Department
P.O. Box 182452
Columbus, OH 43215-2452
614.466.7420 or 888.833.1133
Rhode Island Higher Education Assistance Authority
560 Jefferson Boulevard, Suite 100
Warwick, RI 02886
Vermont Student Assistance Corporation
Champlain Mill/Grant Department
P.O. Box 2000
Winooski, VT 05404-2601
West Virginia Higher Education
1018 Kanawha Boulevard, East Suite 700
Charleston, WV 25301-2827
A tuition discount is offered to students who are a member of Greater Mt. Calvary Holy Church or attend Calvary Bible Institute. Complete the required application (pdf). Deadline is August 1.
Students must complete the Church Matching Scholarship Application. LBC will provide a matching scholarship up to $500 for each the fall and spring terms. Funds from the church must be submitted by August 1 (for fall term) and January 5 (for spring term) in order to be matched. Students must have a minimum 2.0 GPA, be enrolled full-time and be in good standing with the college. Note: Students who receive the Project Bridges Scholarship are not eligible for the Church Matching Scholarship.
The student must be a full-time Christian worker with a minimum of two years in ministry prior to studies at LBC, plus have current full-time ministry employment. A FAFSA is required as well as a Full-Time Christian Ministry Verification Sheet (pdf). The scholarship amount ranges from $100–$250 per course depending on EFC.
A tuition discount is offered to students who are a member of New Antioch Baptist Church. Complete the required application (pdf). Deadline is August 1.
Students whose church is a member of Project Bridges are guaranteed to receive LBC scholarships that covers a percentage of their annual tuition. Complete the required application (pdf). Deadline is August 1.
Available to veterans of the Armed Forces or National Guard Reservists. Apply through your local VA office. Amounts vary. VA phone: 888.442.4551
For physically or mentally challenged students. Apply at your local vocational rehabilitation office. Pennsylvania residents: OVR phone: 800.762.6306
Because grants and scholarships are limited, many students must rely on loans to cover at least some portion of college costs. Accelerated Undergraduate students may borrow money for education. In fact, approximately 80% of LBC’s aid recipients borrow educational loans.
The following steps represent borrowing options, beginning with the best value and proceeding to other, less favorable loan options based on interest rates, loan terms and conditions, and repayment options. These loan options may be used alone or in combination with each other.
LBC is committed to providing students and their families with the best information regarding student borrowing. For that reason, we have adopted a Student Lending Code of Conduct.
A federal loan program is available to all students.
Federal Direct Loans are available to eligible students who complete the Free Application for Federal Student Aid (FAFSA). This federal student aid is made available through the William D. Ford Federal Direct Loan Program to help pay for educational expenses. The Financial Aid Office awards a Direct Subsidized or Direct Unsubsidized Loan, or a combination of both loans, based on financial need.
The information you report on your FAFSA is used to determine your Expected Family Contribution (EFC), which is a calculated formula established by law. Your EFC is not equal to the amount you and your family must pay, but rather an index that allows colleges to determine financial need. To determine your financial need, your EFC is subtracted from your cost of attendance.
Annual Subsidized Limits
Annual Unsubsidized Limits
An origination fee of 1.073% will be deducted from the gross amount of loan borrowed, so you need to take that into consideration when determining the amount you need to borrow.
It is important to know that loan funds will automatically credit to your student account if the Direct Loan Processor has a valid MPN on file for you, and you have completed loan entrance counseling. After you have completed your registration and semester classes begin, your student financial aid will begin to disburse into your student account.
LBC is pleased to be a participant in the Post 9/11 GI Bill Yellow Ribbon Program. The Yellow Ribbon GI Education Enhancement Program (Yellow Ribbon Program) is a provision of the Post-9/11 Veterans Educational Assistance Act of 2008. To learn more about what military scholarships available at Lancaster Bible College.
Students and parents who borrow Federal Direct Loans will repay their loans to a Federal Loan Servicer. Students are required to participate in Entrance Loan Counseling prior to their first disbursement of a federal student loan, and will be notified of the requirement to complete Exit Loan Counseling at the time of withdrawal or graduation. Exit Loan Counseling will inform students of their Federal Loan Servicer. This information is also available to students and parents at any point during their education on the National Student Loan Data System.
Detailed information about federal student loans, repayment and deferment is found at studentloans.gov. Students are also encouraged to contact their LBC Financial Aid Advisor with any questions.
If issues arise during student loan repayment that cannot be resolved with the Federal Loan Servicer, students or parents may contact the FSA Student Loan Ombudsman Group. The Federal Student Aid Ombudsman Group of the U.S. Department of Education is dedicated to helping resolve disputes related to Direct Loans, Federal Family Education Loan (FFEL) Program loans, Guaranteed Student Loans, and Perkins Loans. The Ombudsman Group is a neutral, informal, and confidential resource to help resolve disputes about your federal student loans.
FSA Student Loan Ombudsman Group Contact Information:
877.557.2575 | 606.396.4821
FSA Ombudsman Group
PO Box 1843, Monticello, KY 42633
Dropping courses and withdrawing from LBC are academic actions that often have financial implications. It is your responsibility to understand the effects that these actions will have on your student financial aid. Dropping courses after the official add/drop period may result in your financial aid being adjusted. Withdrawal from the college may result in having your financial aid refunded. (See our federal aid refund policy.)
Accelerated Undergraduate Degrees tuition refunds for a 6 week course are granted according to the following schedule:
% of classes completed
0-10% – 100% Refund
11%-20% – 90% Refund
21%-30% – 75% Refund
31%-40% – 50% Refund
41%-50% – 25% Refund
51%-100% – No refund
Audit – No refund
When your total aid is greater than your billable charges for tuition, student service fee, and books, you may be eligible for a refund.
After a student’s aid money arrives at Lancaster Bible College, midway through the semester, and it creates a credit balance on their student account, our business office will automatically send a stipend check to the student address on file. LBC has up to 14 business days to process and mail a credit refund.
In order to maintain financial aid eligibility, a student must meet the following requirements of Satisfactory Academic Progress:
Maximum Time Frame for Completion of Education Objective:
Students must complete their degree program within 150% of the published length of their degree program.
Evaluation of Academic Progress:
For students enrolled in certificate programs or programs that are less than one year, evaluation of satisfactory academic progress will be done at the end of each payment period. If a student fails to make satisfactory academic progress at the end of the first payment period, they will be placed on “Academic Warning”. The student may continue to receive Title IV aid for one payment period and no appeal is necessary.
Otherwise all other students enrolled in programs longer than one year will be evaluated at the end of each academic year. The total (cumulative) academic record is considered when academic progress is considered when academic progress is evaluated (not just terms when financial aid was received). Students who are not successfully completing courses at the minimum levels as outlined are considered to be making unsatisfactory progress and will not be eligible for financial aid for the following semester.
Students may appeal financial aid termination status in writing on the appeal form included with this policy. Such appeals must be made within 30 days after the date of the letter of notification and must include appropriate request documentation. The appeal must be in written form, addressed to the Financial Aid Director for consideration by the Financial Aid Committee. Mitigating circumstances which would be considered upon appeal as adequate reasons for reinstatement would be:
The appeal must include why the student failed to make satisfactory academic progress, what has changed that will allow the student to make satisfactory academic progress for the next semester.
If the appeal is granted the student will then be placed on “Academic Probation” and will be allowed to receive Title IV aid for the next payment period or be placed on academic plan that will ensure the student is able to meet satisfactory academic progress by a specific point in time.