Financial Aid - Seminary/Graduate

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!

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.

Create my FSA ID

 

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.

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Calvary Bible Institute Scholarship

This is a 25% tuition discount 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. This scholarship is not applicable to students enrolled in the PhD or DMin programs.

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.

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

This is a 25% tuition discount offered to students who are a member of New Antioch Baptist Church. Complete the required application (pdf). Deadline is August 1. This scholarship is not applicable to students enrolled in the PhD or DMin programs. 

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 25% tuition scholarship to students whose church is a member of Project Bridges. Students receiving this scholarship are ineligible for the Church Matching Scholarship. Complete the required application (pdf). This scholarship is not applicable to students enrolled in the PhD or DMin programs. Application deadline is August 1 for the fall semester and January 15 for the spring semester.

Other Outside Resources

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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

Vocational Rehabilitation

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

ABHE 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 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.

 

Loans

There are various loan options that might help a student to finances their graduate studies. Click on the link below to explore more on the loan optain, selecting a loan, and loan repayment.

  Learn about Loans

military yellow ribbon icon

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 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

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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?

In order to maintain financial aid eligibility, a student must meet the following requirements of Satisfactory Academic Progress:

Students enrolled in the MA and MEd Programs:

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

Students enrolled in the MABS, MAM, 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, 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.

Appeal Process:

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:

  • 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, 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.

What’s your next step?

  REQUEST INFO     NEXT INFORMATION SESSION   APPLY:   Master's  Doctoral


Lancaster Bible College|Capital Seminary & Graduate School is an equal opportunity institution that does not discriminate on the basis of race, color, sex (except where sex is a bona fide occupational qualification), ancestry, national origin, age, disability, veteran status, or genetic information. This policy applies to all terms and conditions of employment, admission to and enrollment with the College.