Completing your free FAFSA application is the first step in getting financial aid for your LBC | Capital master’s degree. Make sure to use Lancaster Bible College’s federal school code 003285 on the FAFSA application.
There are several scholarships available to seminary & graduate masters students. 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.
The College is committed to working with ABHE member institutions to assist their full-time faculty and administrative leaders to earn their master’s or doctoral degree through LBC | Capital. Two scholarship opportunities are available to accomplish this.
ABHE Matching Scholarship (up to50%)
LBC | Capital will provide an academic scholarship for up to 50% of tuition and fees to all full-time faculty and administrative leaders serving at ABHE member institutions. Students must be matriculated into a doctoral, seminary or graduate school program.
The College will match the amount provided by your ABHE institution, up to 50%. That means you could earn your graduate degree with little out-of-pocket expense, provided your ABHE school will fund the other 50% of your educational expenses.
To apply for the ABHE Matching Scholarship, have your school’s Human Resource Administrator send verification on institutional letterhead of your full-time employment as a faculty or administrative leader. The letter should also indicate the level of support that your ABHE school will provide and the expected payment dates. Please have the letter mailed directly from the Human Resource Administrator to the LBC | Capital Financial Aid office at 901 Eden Road, Lancaster, PA 17601.
35% ABHE Scholarship
If you do not receive a matching scholarship from your ABHE school, you can apply for the 35% ABHE Scholarship. To apply for the individual scholarship, you must be matriculated into a graduate education program and have a letter of verification of your full-time employment as a faculty or administrative leader on institutional letterhead sent from your Human Resource Administrator to the LBC | Capital Financial Aid office.
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. Deadline is August 1.
Note: Students receiving this scholarship are not eligible for the Church Matching Scholarship.
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 December 15 (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.
30% tuition scholarship awarded to international students studying in person on a F-1 student Visa.
This scholarship is not applicable fully online students.
A tuition scholarship awarded to LBC graduates. This is a $1,000 per academic year scholarship, not to exceed $4,000. Students must be registered for at least 6 credits in a semester and maintain satisfactory academic progress.
A tuition scholarship awarded to parents of dependent students enrolled in the LBC traditional undergraduate program. Scholarship is $500 off per course for each traditional undergraduate student enrolled for a maximum of three children. Students enrolled in LBC’s dual enrollment program, like Jumpstart and/or First Lap, are not applicable. For example: If a parent has 2 children enrolled the scholarship will be $1,000 per course.
The GA will assist their academic program department, while the TA will assist a professor in teaching an undergraduate course. Contact Capital for more information.
A tuition discount is offered to students who are a member of New Antioch Baptist Church. Complete the required application . Deadline is August 1. Students receiving this scholarship are not eligible for the Church Matching Scholarship.
This is a tuition scholarship to students whose church is a member of Project Bridges. Students receiving this scholarship are ineligible for the Church Matching Scholarship. Application required. Complete the required application.
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 more details about military benefits, click here.
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. Graduate students may borrow money for education. In fact, approximately 80% of Capital’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.
We are 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.
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 interest rate for Federal Direct Unsubsidized Loans disbursed on or after July 1, 2024 until June 30, 2025 is fixed at 8.08%. You are not required to pay the interest on this loan while in school, but we recommend that you do. You will be charged interest, starting at disbursement until the loan is paid in full. If the interest accumulates, it will be added to the principal amount of the loan and increase the amount to be repaid.
*Please note that this requirement is separate from e-signing the loan MPN.*
An origination fee of 1.057% will be deducted from the gross amount of the loan borrowed, so you need to take that into consideration when determining the amount you need to borrow.
It’s 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.
If you wish to reduce or cancel your loan(s), please go to the LBC Student Portal and choose Financial Aid Awards where you can reduce or cancel your loan.
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 studentaid/gov site. Detailed information about federal student loans, repayment and deferment can be found on the same website and 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:
FSA website | Phone: 877.557.2575 | Fax: 606.396.4821
Mail: FSA Ombudsman Group
PO Box 1843, Monticello, KY 42633
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.
When graduate students need funding beyond the Direct Unsubsidized Graduate Loans, they may need to consider the Grad PLUS Loan. LBC participates in the Direct Lending Program with the U.S. Department of Education. With this program graduate students to borrow a Federal Direct PLUS Loan for Grad to help pay for educational expenses.
A student must be enrolled at least half-time in a degree major and meet all other eligibility requirements, which includes maintaining satisfactory academic progress.
Yearly borrowing limits are equal to a student’s estimated cost of attendance (tuition, fees, room and meals, books, transportation and supplies), minus other financial aid. Students can view their estimated cost of attendance through the Student Portal by choosing Financial Aid Awards.
Students can apply on the website gov Grad Plus and will also need to sign the Grad Plus Master Promissory Note (Loan Agreement) on the same website.
The U.S. Department of Education will mail the credit check results to the borrower and electronically transmit the results to LBC.
If a credit balance remains after all charges are paid in full on the tuition bill, the credit will be refunded to the parent borrower.
Dropping courses and withdrawing from Capital 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.)
Graduate School tuition refunds are granted according to the following schedule:
0% to 10% of the course – 100% refund
11% to 20% of the course – 90% refund
21% to 30% of the course – 75% refund
31% to 40% of the course – 50% refund
41% to 50% of the course – 25% refund
51% to 100% of the course – No refund
Audit – No refund
When your total aid is greater than your billable charges for tuition and fees, you may be eligible for a refund.
Refunds are made available to registered students after all (billable) charges are satisfied and student financial aid is disbursed on or after the first day of the semester. LBC has up to 14 business days to process and mail a credit refund, when applicable.
All students are subject to the academic standards of the college, which can be found in the college catalog. In addition, students receiving financial aid must also meet other requirements as described below in order to continue to receive financial aid.
Academic Year Definition
The academic year for the Seminary and Graduate School is defined as 32 weeks (fall and spring semesters,) and the optional summer term which is treated as a trailer to the defined academic year.
For the programs requiring summer terms, (DMin, EdD, PhD in Biblical Studies) the academic year is defined as 48 weeks of instruction.
read more…