for all masters and doctoral programs
Tuition costs and scholarships are unique to each masters or doctoral program regardless if taken in an online or hybrid format. Choice the link for the degree you are pursuing. After you have reviewed the costs and scholarships, you will want to return to this page to continue review the details on student loan and military benefits.
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, 2021 until June 30, 2022 is fixed at 5.28%. 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. This program graduate students to borrow a Federal Direct Grad PLUS Loan 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.
Take the following steps to apply for Free Application for Federal Student Aid (FAFSA)
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.
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 is composed of six enrollment periods consisting of eight-week courses that cover 48 weeks of instructional time. The academic year for the graduate school consists of two enrollment periods consisting of 32 weeks of instructional time.
Satisfactory Academic Progress Requirements
In order to maintain financial aid eligibility, a student must meet the following requirements of satisfactory academic progress:
Students enrolled in the MA, MEd and all Doctoral Programs:
Students enrolled in the MDiv, MABS, MAM, and Certificate Programs:
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, satisfactory academic progress will be evaluated at the end of each payment period. If a student fails to make satisfactory academic progress at the end of the first payment period, he or she will be placed on “Academic Warning.” The student may continue to receive Title IV aid for one payment period and no appeal is necessary.
Students enrolled in programs of 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 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.
Appeal Process:
Students may appeal financial aid termination status in writing on the appeal form available through the Solution Center. 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 that 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, and 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.