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Monthly payment plan (FACTS)
Student Loans
Pell Grants
Scholarships
Tuition Assistance and VA benefits
Family Education Rights and Privacy Acts
Frequently Asked Questions
FINANCIAL AID - PELL GRANT
Pell Grant Overview
A Federal Pell Grant, unlike a loan, does not have to be repaid. Pell Grants are awarded to undergraduate studentsonly who have not earned a bachelor's or a professional degree and who qualify. Pell Grants are considered a foundation of federal financial aid, to which aid from other federal and nonfederal sources might be added. More information can be found at www.finaid.org
Apply for Pell Grants:
- Complete a FAFSA online at www.fafsa.ed.gov You will need to request an electronic signature (PIN) used to sign your FAFSA at www.pin.ed.gov ( NOTE: MBTS students selecting to not e-sign the MPN online will experience a delay in receiving their federal student loan funds.)
- Complete the Estimated Cost Worksheet and send it to the Financial Aid office. This form must include the amount of loan requested, signature, and dated.
Receiving Pell Grants
If you are receiving a Pell Grant and drop hours, you will be required to pay some or all the grant money back based on how many hours you dropped and when you dropped them.
Pell Grants are disbursed in two (2) equal payments per year. Funds will be disbursed up to 10 days before the first day of class (or 2-3 weeks after requested). The loan funds are disbursed in this order:
- Tuition & Fees
- On-campus housing
- Other school expenses (if applicable)
The Financial Aid Office provides students with financial counseling during their preparation for ministry while at Midwestern. MBTS encourages students to be self supporting to the fullest extent possible and to have sufficient funds or income for at least several months without employment when entering seminary.
PELL MBTS Schedule 2008-2009
Questions? Contact the Financial Aid office at 1-800-944-MBTS,
or email Gerald Beechum.
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