Financial Aid

We want you to enter into ministry will zero debt.  If you must take on debt we strive to make it as little as possible.

If you want to save money and have less debt after you graduate here’s how you should prioritize your aid:

1. Grants and Scholarships
2. Federal & Institutional work-study programs
3. Subsidized loans
4. Unsubsidized loans

Use our calculator to add up your financial aid and to see your estimated costs as well.

Financial Aid Calendar

• January 1st – First day you are allowed to submit a FAFSA.
• April 30th – FAFSA and institutional aid application due for institutional aid.
• July 1st –  FAFSA and work study application due for student employment.
• August 21st –  Registration day; your federal, state, and all other aid should appear on your financial aid award letter and show as a credit on your registration contract.

Federal Government & State Aid

To determine federal and state eligibility, a FAFSA (Free Application for Federal Student Aid) must be completed and submitted by April 30th. This may be done online at www.fafsa.ed.gov.

How to afford college

Definitions

Grants – do NOT need repaid
Scholarships – do NOT need repaid
Loans – DO need repaid

• Subsidized loans – begins accruing interest after leaving college
• Unsubsidized loans – begins accruing interest immediately

1) Grants

Federal Pell Grant

These are only awarded to undergraduate students who:

• are U.S. citizens or eligible non-citizens with a valid SSN;
• have a high school diploma, GED, or have completed a home-school program with a state that recognizes home-schooling;
• are enrolled in an eligible program as a regular student seeking a degree;
• and who show financial need.

Ohio College Opportunity Grant

Student must be:

• an Ohio resident,
• enrolled in an undergraduate degree program,
• Pell eligible based on EFC.

Proceeds can be used for students enrolled full-time, 3/4-time, or half-time.

2) Loans

Stafford Loans

These loans can be either subsidized or unsubsidized, something determined by FAFSA results (EFC). You must be taking at least 6 credit hours towards a degree program to be eligible for a Stafford load.

These loans are borrower initiated; you can start the process by submitting the FAFSA and completing a Master Promissory Note at www.studentloans.gov.

Plus Loans

Plus loans are available to parents of students enrolled for at least 6 credit hours. Approval for the Plus loan is dependent upon good credit. An application can be completed at www.studentloans.gov.

3) Other Outside Aid

Federal Work-Study

Federal Work-Study allows students to earn money toward their school bill by working either 7.5 or 15 hours per week at minimum wage. The student will be given the choice to receive funds in the form of a check or have them applied directly to their student account.

Students may apply for a position on campus by completing the FAFSA, a work-study application and submitting a resume by July 1st.

Outside Scholarships

These scholarships, from non-governmental sources outside GBSC, help many students pay for college.

Check with your local civic groups, parents’ employers, or visit these websites for outside scholarships.

• Caring.com Scholarship
• Collegeboard.com
• Common Knowledge Scholarship Competition
• Diabetes Scholars Foundation
• Finaid.org
• Fastweb.com
• GreenPal Business Scholarship
• Jeannette Rankin Women’s Scholarship Fund
• Mexican American Legal Defense & Educational Fund
• Seniorhomes Caregiver Scholarship
• Student Financial Aid Search Engine
• Scholarship Scams

4) Institutional Aid

To be considered for our institutional aid programs, you must complete a FAFSA online at www.fafsa.ed.gov along with the necessary application / verification for the institutional aid program.

Endowed Scholarships

Students may apply for the numerous privately funded scholarships that are available. These scholarships are awarded according to the specific criteria for each scholarship, the student’s merit and / or need. Awards range from $50 to as high as $5,500. The application deadline is April 30th.

• Endowed Scholarship Application

International Student Scholarships

This scholarship is for international students who have graduated from high school and show proof of financial need. This is a tuition-only scholarship for up to 8 consecutive semesters. Contact the International Admissions Director, Kent Stetler for more information.

• Wingrove Taylor Legacy Award Application

Student Employment

The institutional work-study program allows students to earn money toward their school bill. Students may apply for a position on campus by completing the FAFSA, a work-study application and submitting a resume by July 1st.

Merit Based Scholarships

Students who graduate from high school with valedictorian or salutatorian honors and receive high overall scores on the SAT or ACT plus Writing may be eligible for a scholarship. Verification of val/sal must be submitted in writing from the high school or clearly show a rank of #1 on the final transcript. Home school students may also be eligible based on SAT / ACT plus Writing scores.

Valedictorian Merit Scholarship

Up to $750 for up to 8 semesters; SAT: 1650, ACT plus Writing: 24; must maintain 3.5 GPA

Salutatorian Merit Scholarship

Up to $375 for up to 8 semesters; SAT 1500, ACT plus Writing: 21;  must maintain 3.25 GPA

Christian Worker Discount

Students whose parents are involved in full-time Christian service may be eligible for a discount on tuition. Their ministry occupation must be their primary source of income. This is a 20% tuition-only discount that is applied after other financial aid is awarded.