Understanding Financial Aid

Federal Pell Grant

• Federally funded student gift aid that does not need to be repaid.
• Offered to undergraduate students who have high financial need who are working on their first bachelor’s degree.
• Extended based on expected family contribution and number of credits the student has scheduled.
• A student does not need to be enrolled full-time to receive this grant.
• The maximum fall-spring-summer award (for the 2021-22 academic year) is $6,495. The maximum per semester is $3,248.
• Students who complete the FAFSA are automatically considered for the grant.
• Students must meet federal student aid eligibility requirements.

Pennsylvania State Grant

• State-funded gift aid offered by the Pennsylvania Higher Education Assistance Agency (PHEAA) to undergraduate Pennsylvania residents who demonstrate high financial need.
• The Pennsylvania State Grant is awarded to undergraduate students who are residents of Pennsylvania. Deadline date for FAFSA application is May 1. Currently the Pennsylvania State Grant program does not consider students enrolled in Accelerated to be full-time. Therefore amounts are usually 50% less than the normal full-time offer. Also, any modules dropped within a degree completion term may affect eligibility for the State Grant.
• For the 2021-22 academic year the maximum semester grant for a student enrolled in 12 credits is $2,127 and the maximum semester grant at 9 credits is $1,063.
• Students who submit their FAFSA information to PHEAA by May 1 are automatically considered for the grant.
• Students must meet federal student aid eligibility requirements.

Connecticut

Capitol Scholarship Program
Department of Higher Education
61 Woodland Street
Hartford, CT 06105-2326
860.947.1855

Delaware

Delaware Higher Education Commission
Carvel State Office Building
820 North French Street
Wilmington, DE 19801-3509
302.577.3240

Maine

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)

Maryland

Maryland Higher Education Commission
6 North Liberty Street
Baltimore, MD 21201
800.974.0203

Massachusetts

Massachusetts Office of Student Financial Assistance
454 Broadway
Suite 200
Revere, MA 02151
617.727.9420

Ohio

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

Rhode Island Higher Education Assistance Authority
560 Jefferson Boulevard, Suite 100
Warwick, RI 02886
401.736.1170

Vermont

Vermont Student Assistance Corporation
Champlain Mill/Grant Department
P.O. Box 2000
Winooski, VT 05404-2601
802.655.9602

West Virginia

West Virginia Higher Education
1018 Kanawha Boulevard, East Suite 700
Charleston, WV 25301-2827
304.558.4618

Calvary Bible Institute Scholarship

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.

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 5 (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.

Full-Time Christian Worker 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. The scholarship amount ranges from $100–$250 per course depending on EFC. Complete this required application form.

LBC Parent Scholarship

A tuition scholarship awarded to parents of dependent students enrolled in the LBC traditional undergraduate program. Scholarship is $500 off per course for the first traditional undergraduate student enrolled; $200 additional off per course if there is a second enrolled student; $100 additional off per course if there is a third enrolled student.

This scholarship is not applicable to doctoral students.

New Antioch Baptist Church Scholarship

A tuition discount is offered to students who are a member of New Antioch Baptist Church. Complete the required application . Deadline is August 1.

Project Bridges Scholarship

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 . Deadline is August 1.

Veterans Benefits

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.

Vocational Rehabilitation

For physically or mentally challenged students. Apply at your local vocational rehabilitation office. Pennsylvania residents: OVR phone: 800.762.6306

• Must complete the Free Application for Federal Student Aid (FAFSA) each year.
• Must comply with LBC’s academic progress standards.
• Must not be in default on an educational loan and must not owe a repayment on an adjusted federal grant.
• Must be enrolled in an eligible degree program.
• Must be enrolled at least half-time to receive the greatest benefit.
• If male and age 18-25, must be registered for Selective Service.
• Must be a citizen or eligible non-citizen with a valid Social Security number.
• Must have a high school diploma.

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.)

Adult Education Undergraduate Degrees tuition refunds for a 6 week course are granted according to the following schedule:

On Campus Tuition Refunds:

Up to the first night of class for the module – 100%
After the first night of class for the module (whether attended or not) – 75%
After the second night of class for the module (whether attended or not) – 50%
After the third night of class for the module (whether attended or not) – no refund

Online Tuition Refunds:

0-10% of class completed – 100% refund
11-20% of class completed – 90% refund
21-30% of class completed – 75% refund
31-40% of class completed – 50% refund
41-50% of class completed – 25% refund
51-100% of class completed – 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 requirements of Satisfactory Academic Progress.
Read the Requirements