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2011-2012 Financial aid 1


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“In view of eternity, we will be judged most closely, not on the basis of how many courses were taught, how many students were trained, how many syllabi were printed, or how many books were published, but on whether or not we kept the faith.�

R. ALBERT MOHLER JR.

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Residence Life

MALE STUDENTS (per semester):

Residence hall charges are administered on a semester basis. Students who wish to divide their residence hall charges into monthly installments will be able to do so by using FACTS.

Manly Hall - $1,525 (single occupancy, furnished, with a/c) Includes utilities, water, cable TV & high speed internet access.

Sampey Hall - $1,450 (single occupancy, furnished, no a/c)

FEMALE STUDENTS (per semester):

Mullins Hall - $1,525 (single occupancy, furnished, with a/c) Williams Hall $1,150 (double occupancy, furnished, with a/c) $1,525 (single occupancy, furnished, with a/c) Includes utilities, water, cable TV & high speed internet access.

Apartments (per month):

Fuller Hall - $625 (1 bedroom, no a/c) Includes utilities, water, cable TV & high speed internet access. Springdale Apartments - $685 (2 bedrooms, with a/c) Includes water, cable TV & high speed internet access. Electric not included.

Grinstead South Apartments $700 (1 bedroom, 1 bath) $850 (2 bedrooms, 2 baths) Pet friendly; Includes water, cable TV & high speed internet access. Electric not included.

Foster Apartments $635 (1 bedroom, no a/c) Doctoral students only; Includes heat, water, cable TV & high speed internet access.

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Tuition Master’s level tuition per credit hour

FEES Student Enrollment Fee:

SBC students ......................................... $219 Non-SBC students ................................. $438

On-Campus Student: • $205 per semester,

Doctoral degree programs

$40 for winter/ summer terms

Master of Theology

• Internet or

SBC students ......................................... $285

extension center

Non-SBC students ................................. $570

student: $40 per semester

Doctor of Ministry ($1,000 down, balance due equally over 36 months)

Internet Course Fee:

Program cost- SBC Student .................. $9,950

• $250 per course

Program cost- Non-SBC Student ......... $13,000

in addition to hourly fee for SBTS

Doctor of Educational Ministry

courses

($1,000 down, balance due equally over 48 months)

Program Cost- SBC Student ................. $10,700

Books:

Program Cost- Non-SBC Student.......... $13,800

• Estimate $125 per class

Doctor of Philosophy ($1,000 down, balance due equally over 48 months)

Program Cost- SBC Student ................. $25,000 Program Cost- Non-SBC Student ......... $44,400 Doctor of Missiology ($1,000 down, balance due equally over 36 months)

Program Cost- SBC Student ................. $18,250 Program Cost- Non-SBC Student.......... $32,000

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MEAL PLANS All students who live in residence halls are required to participate in a meal plan, while students in apartments may opt out. Meal plan options should be directed to Campus Housing.

Board Plan Block Meals

Flex Dollars

Semester Charge

90

$0

$725

75

$100

$725

60

$200

$725

ESTIMATED COSTS

SBC STUDENTS

non-SBC STUDENTS

Tuition: ($219 x 12)

$2,628

$5,256

$205

$205

Books: ($125 x 4)

$500

$500

SBTS Scholarship (~$500)

($500)

($500)

Southern Grant ($150)

($150)

($150)

Total per semester

= $2,683

$5,311

Total per year:

= $5,366

$10,622

Fees: ($205)

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“I am tremendously thankful for the affordability of education at Southern. Having the opportunity to study under such impressive faculty should cost much more, but Southern makes this caliber of an education accessible and obtainable.” -Tyler Wittman 2010 M.Div. Graduate

Paying for Tuition Tuition may be paid by cash, check or money order to the Accounting Office. Students may also pay tuition account balances on E-campus with their bank account information or by credit card (Visa is not accepted).

FACTS Management Company Automatic Payment Plan: Students have the option to enroll in an automatic payment plan rather than paying tuition in full at the beginning of the semester.

FACTS how to: • Enroll online • $25 enrollment fee per semester • The down payment (25% of the total tuition balance) is withdrawn immediately and the remainder is withdrawn once a month for the following 3 months • Questions can be directed to the Accounting Office

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SBTS SCHOLARSHIP INFORMATION Eligibility Requirements 1. Students must be enrolled full-time (8+ credit hours) in a master’s level program at SBTS. Doctoral students are not eligible to apply for institutional scholarships. 2. Students must be taking courses at the Louisville campus. Online and extension center students are not eligible to apply. • Students taking both on-campus and internet courses are eligible to apply if enrolled in a greater number of on-campus hours than online hours. 3. Students must be admitted into a degree program. Non-degree seeking students are not eligible to receive financial aid. 4. Students must maintain good academic standing for eligibility. Students on academic warning, academic probation, or disciplinary probation are not eligible to apply.

How to Apply 1. Complete the Financial Aid Profile (https://profileonline.collegeboard.com) • Click on the academic year in which you will enroll at SBTS. • Select “Sign Up” under “Not a Member Yet?” • Create a username and password on the CollegeBoard website in order to complete the Financial Aid Profile. • Applicants should expect to reference their most current tax return in order to complete the application. • Applicants must pay a $25 fee in order to submit the Financial Aid Profile (eligible students will receive a $25 credit on their tuition account to offset cost). 2. Submit all supporting documents (for Rice-Judson Scholarhip) by the financial aid deadline.

Deadlines • Continuing Students – June 1 of each year • Students entering Fall semester – August 1 of each year • Students entering Spring semester – January 1 of each year

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SBTS Scholarships Scholarships are awarded annually to qualifying students. Students may apply for one of the following scholarships: • General Scholarship: Students enrolled in a master’s degree program are eligible to apply for the General Scholarship. Scholarship awards range from $300-$800 per semester ($600-$1,600 per year), and are based upon demonstrated financial need. • Rice-Judson Scholarship: This scholarship is for entering first semester students only. The scholarship is awarded for the first two semesters of master’s level studies in the amount of $1,250 per semester ($2,500 per year). Qualifications for this scholarship include a minimum GPA of 3.5 and significant ministry experience.

“What encourages me the most is the type of students we have at Southern. They are serious, they are theologically driven, they are good students, they are thoughtful and they are godly.” Prof. Thomas R. Schreiner

• Missions Grant: Missions grants are available for students who are currently serving full-time with IMB or NAMB and for those who have returned from serving as an IMB Journeyman within the past two years. Discounts range from 20% to 75% off the SBC rate depending on several variables. For details please visit the Missions Grants page on the Financial Aid website (www.sbts.edu/missionsgrants). • MK Grant: Children of current full-time International Mission Board (IMB) or North American Mission Board (NAMB) missionaries who are enrolled in master’s level programs may be eligible to receive a 100% tuition discount prior to the age of 30.

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Grants Spouse and Children’s Grant Program - Spouses or dependents of full-time students may be eligible for a 50% tuition grant. Qualifying students must apply midway through the semester by submitting the spouse/ dependent form to the Accounting Office. For more information, please contact the Accounting Office.

Outside Scholarships The E-Campus scholarship search generates a list of scholarships for which you are eligible based on demographic information. • E-Campus can be found at http://ecampus.sbts.edu • Log into E-Campus, click on Help Desk icon, click on Financial Aid icon, click on Scholarship Search icon Outside Web-based Scholarship Searches • FastWeb: www.fastweb.com • Next Student: www.nextstudentloans.com • BrokeScholar: www.brokescholar.com • Scholarsite: www.scholarsite.com • College Answer: www.collegeanswer.com

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Please note: Southern

Seminary does not participate in any federal or state student aid programs involving loans or grants. Generally, students are eligible to receive aid from any source that does not require the school to participate in the federal loan or grant program (Title IV program).


SOUTHERN GRANT • Take 12-14 on-campus, master’s level credit hours per semester and receive a $150 tuition credit on your account at the midpoint of the semester • Take 15+ on-campus, master’s level credit hours per semester and receive a $300 tuition credit on your account at the midpoint of the semester

Private Student Loans Smart Option Student Loan with Sallie Mae

• www.salliemae.com • 1-800-695-3317 Smart Option Student Loan with 5th/3rd Bank

• www.53educationlending.com • 1-800-222-7192 SBTS Short Term Loan

• Payment due within 6 months • Maximum of $2,000 • Apply at the Financial Aid Office (Norton 154) • First semester students are not eligible

Veterans Benefits SBTS is an accredited institution recognized by the Department of Veterans Affairs. SBTS accepts the following VA Benefits:

• GI Bill- Please contact the VA Regional Office to determine eligibility (1-888-442-4551, www.gibill.gov) • Vocational Rehabilitation • Tuition Assistance

important Contact Information Main phone line: 1-800-626-5525 Accounting

ext. 4128

accounting@sbts.edu

Admissions

ext. 4617

admissions@sbts.edu

Financial Aid

ext. 4206

financialaid@sbts.edu

Housing

ext. 4203

housing@sbts.edu

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apply now at www.sbts.edu 12


Southern Seminary 2011 Financial Aid booklet