Financial Aid - Capital

How To Apply for Financial Aid

You 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.

The Financial Aid Office is here to help as you consider the cost of your education. 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. Above all, have faith. You can afford it!

Contact the Financial Aid Office:   financialaid@lbc.edu   |  717.560.8254

Tuition and Fees (2020-21)

Masters Level
  • Tuition per credit – $535
  • Seminary Student Service Fee – $55 per course
  • Auditors per course – $300

  • M.A.B.S./M.A.M./M.A.C.C. cost (48 cr) – $26,560
  • M.A. of Divinity (72 cr) – $39,840
  • M.A.F.L. – $24,450
  • M.A.P.C. (60 cr) – $35,300
  • M.Ed. – Professional School Counseling (full program 48 cr) – $28,120
  • M.Ed. – Special Education & ESL (full program 39 credits) $21,580
  • M.S.W  – TBA
Doctoral Level
  • Tuition Per Credit – $680
  • Audit Per Credit – $355
  • All Ph.D. programs – $39,270
  • D.Min. – $21,080
  • Doctoral Continuation Fee – $1,000/term is applied after:
    5 years for Ph.D. in Biblical Studies
    4 1/2 years for Ph.D. in Leadership
    3 years for Doctor of Ministry

Get Started

1. CREATE YOUR FSA ID

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.

2. FILL OUT APPLICATION

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


RESOURCES FOR FAFSA ASSISTANCE

  • Seven Easy Steps to the FAFSA. A student’s guide to the Free Application for Federal Student Aid. Learn More
  • How to Use the IRS Data Retrieval Tool on the FAFSA. Learn More

TYPES OF FINANCIAL AID

Scholarship Opportunities

There are several scholarships available to seminary & graduate 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.

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 (pdf). Deadline is August 1.  Students receiving this scholarship are not eligible for the Church Matching Scholarship.

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 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.

Fahler/Johnson Graduate Scholarship

Awarded to students enrolled in the Master of Ministry program. Amounts vary.

International Student Scholarship

30% tuition scholarship awarded to international students.

LBC Alumni Scholarship

A tuition scholarship awarded to LBC graduates. This is a $1,000 per academic year scholarship, not to exceed $4,000. Students must be full-time and maintain satisfactory academic progress. Students must enroll in a Graduate/Seminary degree within one year of graduation from the LBC bachelor’s program. Students must enroll in an LBC | Capital doctoral program within five years of graduation from a LBC | Capital master’s program.

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 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.
This scholarship is not applicable to doctoral students.

Perry Graduate Scholarship

Awarded to students enrolled in the MA in Biblical Studies or MA in Ministry degree programs.

Graduate Assistant (GA) and Teaching Assistant (TA)

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.

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 (pdf). Deadline is August 1. Students receiving this scholarship are not eligible for the Church Matching Scholarship.

PhD Research Assistant (RA)

The RA will assist in his or her academic program department. Contact the PhD Program Director for more information.

Project Bridges 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.

Other Outside Resources

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

ABHE Scholarship for Faculty & Administrative Leadership

Matching Scholarship Opportunity

Lancaster Bible College 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. This matching scholarship is applicable to all of the Capital’s doctoral programs.

How the ABHE Scholarship Works

LBC will match the amount provided by your ABHE institution, up to a 50% scholarship. What that means is that you could receive your doctorate without any out of pocket expense, provided your school will fund the other 50% of your educational expenses. Students who do not receive matching scholarships may apply for a 35% ABHE Professional Scholarship.

For more information, contact the Financial Aid office at financialaid@lbc.edu or 717.560.8254.

To apply for the matching scholarship opportunity, please have a Human Resource Administrator send a notarized agreement letter on institutional letterhead verifying full-time employment as a faculty or administrative leader and stating the amount your institution will provide toward your education including expected payment dates.

To apply for the individual scholarship, please have a Human Resource Administrator send a notarized agreement letter on institutional letterhead verifying full-time employment as a faculty or administrative leader. If they are not going to provide any financial support, that should be stated in the letter.

Please have the letter mailed directly from the Human Resource Administrator to our Financial Aid office at 901 Eden Road, Lancaster, PA 17601, ATTN:  Financial Aid.

STUDENT LOANS

Understanding Student Loans

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

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.


Federal Direct Unsubsidized Graduate Loans

The interest rate for Federal Direct Unsubsidized Loans disbursed on or after July 1, 2020 until June 30, 2021 is fixed at 4.3%. 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.


Loan Limits

  • Annual Unsubsidized Limit for Graduate students is $20,500
  • Aggregate Limit for Graduate students is $138,500 (up to $65,500 may be subsidized)

Steps to Apply

  1. You must complete the FAFSA each year.
    To be eligible, you must be enrolled in a degree major for at least six credits per semester and maintain LBC’s satisfactory academic progress standards.
  2. E-sign Your Federal Direct (Subsidized or Unsubsidized) Loan Master Promissory Note (MPN).
    If you are a first-time borrower of the Graduate Federal Direct loan, you will be required to complete a Master Promissory Note (MPN) before the loan funds can be disbursed. In most cases, you will only need to complete one MPN during your college career. E-sign your federal Direct loan MPN at govusing your Federal Student Aid PIN by selecting Sign-In. After you sign in, follow the process listed on to sign your MPN.
  3. Complete Loan Entrance Counseling
    If you are a first-time borrower of the Federal Direct Loan, you are required to complete Loan Entrance Counseling before the loan funds can be disburse. To take the counseling, select Entrance Loan Counseling on the gov website. This counseling session provides you with information that will help you understand your rights and responsibilities as a loan borrower, as well as other tools to assist you with managing your loans.

*Please note that this requirement is separate from e-signing the loan MPN.*


Fees

An origination fee of 1.062% 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.


Receiving Federal Direct Loan Funds

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.


Reduce or Decline a Loan

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.


Student Loan Repayment and Disputes

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: 

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.

Federal Direct Grad PLUS Loan

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.

  • Borrow up to the total cost of attendance, minus all other sources of financial aid
  • 3% fixed interest rate on loans disbursed on or after July 1, 2020 until June 30, 2021
  • Required net fees of 4.248% deducted from each loan disbursement
  • Option to defer repayment while student is enrolled in school

Eligibility

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.

  • Borrower consents to a credit check by the U.S. Department of Education by submitting the Grad PLUS Loan Instructions & Request Form.
  • Adverse credit typically results in a denied credit check.

Borrowing Limits

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.


Applying for Grad PLUS Loan

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.


Credit Decisions

The U.S. Department of Education will mail the credit check results to the borrower and electronically transmit the results to LBC.

  • Approved Grad PLUS Loans with a signed MPN appear in the student’s financial aid report on My Community

Processing and Receipt of Funds

  • Once the credit check is approved and a valid MPN is on file, the Grad PLUS loan funds will be applied toward payment of tuition, fees and other LBC charges on the student’s tuition bill.
  • Borrowers that apply for a fall/spring combined loan period can expect the loan to be split in two equal installments.
  • Loan decreases can be requested by contacting the LBC financial aid office at financialaid@lbc.edu or by calling 717.560.8254.

Refunds

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.


Repayment and Deferment

  • Repayment begins 60 days after the final loan disbursement during the academic year and students have up to 10 years to repay the loan.
  • Deferment allows students to delay repayment until after they are no longer enrolled at least half-time.
  • Students may request a deferment of each new Grad PLUS Loan by calling the Direct Loan Servicing Center toll-free at 800.848.0979 and may need to provide a copy of their student academic record to the center.
Yellow Ribbon Program

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 using your military benefits at Lancaster Bible College, click here.

Eligibility Requirements

  • Must complete the Free Application for Federal Student Aid (FAFSA) each year.
  • Must comply with Capital’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 (six credits for undergraduate, three credits or above for graduate education).
  • 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.

FAQs About Capital’s Financial Aid

If I drop a course or withdraw, what will happen to my financial aid?

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

If I still have money left over after paying my tuition, what happens to it?

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.

I have just learned that I must maintain "Satisfactory Academic Progress." What is it?

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 seven enrollment periods consisting of six-week courses that cover over 42 weeks of instructional time. The academic year for the graduate school consists of two enrollment periods consisting of 30 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 M.A., M.Ed., and all Doctoral Programs:

  • Must maintain cumulative GPA of 3.0
  • Must have a 67% completion rate

Students enrolled in the MDiv, M.A.B., M.A.M., and Certificate Programs:

  • Must maintain cumulative GPA of 2.50
  • Must have a 67% completion rate

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:

  • student illness, accident, or hospitalization
  • death or illness of parent or relative
  • other family emergencies or unusual circumstances

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.