THREE STEPS VISIT THE WEB TABLE OF CONTENTS TO FINALIZING AID AFTER YOU RE AWARDED. Step 1 Step 2 Step 3 FIND EVERYTHING YOU NEED TO KNOW ONLINE

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1 WHAT TO DO AFTER YOU RE AWARDED YOUR STEP-BY-STEP GUIDE TO FINANCIAL AID

2 TABLE OF CONTENTS Step 1: Understanding Your Financial Aid Award....2 Step 2: Estimate Your School Bill....3 College of Arts & Sciences Tuition Rates, Fees, and Other Costs....4 Payment Planner College of Adult & Professional Studies Tuition Rates for Undergraduate Programs....6 Payment Planner Graduate School Tuition Rates for Graduate School Programs....8 Tuition Rates for Doctoral Programs....8 Payment Planner Seminary Tuition Rates, Fees, and Other Costs Payment Planner Step 3: Pay Your Bill Accepting, Declining, and Applying for Loans Private Loans Direct PLUS Loan Military Benefits Student Employment Payment Plan Making a Payment Minnesota State Grant Review Your Loan Options Educational Loans PLUS and Private Loans Frequently Asked Questions What Happens to My Financial Aid if Financial Aid Refunds Financial Aid Satisfactory Academic Progress Policy Key Dates THREE STEPS TO FINALIZING AID AFTER YOU RE AWARDED Step 1 Step 2 Step 3 Understand your Financial Aid Award letter. Estimate your school bill. Pay your bill. VISIT THE WEB FIND EVERYTHING YOU NEED TO KNOW ONLINE College of Arts & Sciences (CAS) (Our traditional undergraduate college) bethel.edu/undergrad/financial-aid/after-awarded College of Adult & Professional Studies (CAPS) (Undergraduate programs for working adults) bethel.edu/adult-undergrad/financial-aid/after-awarded Graduate School (GS) bethel.edu/graduate/financial-aid/after-awarded Bethel Seminary bethel.edu/seminary/financial-aid/after-awarded GIVE PARENT OR SPOUSE ACCESS TO YOUR STUDENT ACCOUNT Privacy laws prohibit us from divulging information about your financial aid award letter to a third party, such as your parents or spouse. To authorize others to access this information, you will need to provide proxy access. Visit bethel.edu/financial-aid/proxy to grant access to others. 1

3 Step 1 UNDERSTAND YOUR FINANCIAL AID AWARD Financial Aid Award Academic Year College of Arts & Sciences Estimated Award u OFFICE OF FINANCIAL AID office toll-free fax finaid@bethel.edu October 06, 2015 We are pleased to offer you the following financial aid package, which is based on the enrollment and housing assumptions listed below. If these assumptions are incorrect, your aid will be adjusted. Instructions for estimating your net cost, applying for work study and loans, and accessing your financial aid online are included in the Financial Aid Guide and at cas.bethel.edu/financial-aid/after-awarded. Please contact the Office of Financial Aid to (a) report other private grants and scholarships, veterans benefits, or employer assistance not already included in this letter, (b) change your enrollment or housing assumptions or (c) discuss your financial aid award with a counselor. Gift Aid (Grants & Scholarships) Fall 2015 Spring 2016 Summer 2016 Total Minnesota State Grant $ 1, $ 1, $.00 $ 2, Bethel Director Scholarship $ 2, $ 2, $ 4, Bethel Scholarship $ $ $ Royal Scholarship $ 1, $ 1, $ 2, } v u ESTIMATED AWARD If you submitted your FAFSA before completing your federal 2014 taxes or prior to completing the verification process, your award letter will have the heading Estimated Award. If your award is estimated, you must update the income data after your federal taxes are completed. Visit to make corrections. v GIFT AID (GRANTS & SCHOLARSHIPS) This section includes grants and scholarships you don t have to pay back. It is based on need and/or your student s academic performance. Refer to your award letter to see the Gift Aid for each semester and the current academic year. Visit the Financial Aid site for your school to learn more about the scholarships available at Bethel. w LOAN ELIGIBILITY This section provides you with the total amount and type of loans you may borrow. There is more detailed information about loans on p. 12. x FEDERAL WORKSTUDY ELIGIBILITY If you are a College of Arts & Sciences student, this line tells you the amount of money you may potentially earn through student employment at Bethel. More detailed information about student employment is on p. 15. Total Gift Aid $ 4, $ 4, $.00 $ 8, Loan Eligibility Fall 2015 Spring 2016 Summer 2016 Total Direct Subsidized Loan $ 2, $ 2, $.00 $ 5, Direct Unsubsidized Loan $ 1, $ 1, $ 2, PLUS/Private Loan Eligibility $ 12, $ 12, $ 25, Total Loan Eligibility $ 16, $ 16, $.00 $ 32, Federal Workstudy Eligibility (earning potential - amount not guaranteed) $2, Other Assistance (private grants and scholarships, veterans benefits, and employer assistance not listed elsewhere) $.00 Enrollment Fall 2015 Interim Spring 2016 Summer 2016 Housing Fall 2015 Spring 2016 Assumptions: 15 credits 3 credits 14 credits not enrolled Assumptions: off-campus off-campus ONLINE 3900 Bethel Drive St. Paul, Minnesota You can also find your financial aid award online through Blink (blink. bethel.edu) > Student Services tab > Financial Aid Awards channel. Here, you can also complete most of the documents you ll need to finalize your financial aid. Parents and spouses can view student award letter by becoming a proxy. Visit bethel.edu/financial-aid/proxy for instructions. } } w x y z y OTHER ASSISTANCE After you review your Financial Aid Award, tell us if you have other assistance you ve received outside of Bethel that s not listed on your award things like grants, scholarships, employer reimbursement, and military educational benefits. You need to report this additional assistance through Blink (blink.bethel.edu) > Student Services tab > Financial Aid Award channel. z ENROLLMENT ASSUMPTIONS Your Financial Aid Award is based on the assumptions shown in this table. If your enrollment or housing situation differs from this, please visit the URL referenced on paragraph one in your award letter to make corrections. Step 2 ESTIMATE YOUR SCHOOL BILL Now you ll want to know how much your education will cost. Refer to the tuition rates and fees chart for your school, found on the following pages. You can also view a personalized, estimated school bill through Blink (blink.bethel.edu) > Student Services tab > Financial Aid Award channel. Disclaimer: Prices reported in this guide are subject to change without notice. 2 3

4 COLLEGE OF ARTS & SCIENCES TUITION RATES, FEES, AND OTHER COSTS Tuition...$33,990 (12-18 credits for fall and spring semesters, plus 1-5 credits for interim) Student activity fee... $150 Housing expenses (per year new student rate)... $5,590 Meal plan* (20 meals per week)... $4,180 Subtotal: direct costs for a full-time, on-campus student... $43,910 Books and supplies (estimated)... $1,150 Personal expenses (estimated)... $2,525 Subtotal: estimated indirect expenses... $3,675 (often paid out of pocket from student earnings) Total cost of attendance (estimated)...$47,585 Interim tuition... see charges below Tuition overload fee... $1,007 per credit (for each credit over 18 credits in a semester) Tuition for part-time students... $1,417/credit (fewer than 12 credits per semester) Tuition for post-baccalaureate and teacher licensure students... $882/credit Summer 2016 tuition (all students)... $455/credit Audit fee... $270/credit Parking permit (no charge for summer)... $100/semester Student health insurance...$1,240/year (required if not insured elsewhere) ( rate for non-athletes) Additional course fees are attached to some courses as indicated in registration materials for each semester. INTERIM CHARGES If you enroll for at least 12 credits for both fall and spring terms and pay the block tuition rate of $16,995 per semester, you will not be charged tuition for 1-5 credits taken at Bethel during interim. Fall and spring term tuition is not reduced if you do not enroll in an interim course at Bethel. If you are charged tuition on a per credit basis for either fall or spring, you ll be charged for interim tuition, as illustrated in chart at right. Interim housing is at no additional charge for students who are enrolled in Bethel housing for both fall and spring semesters. Interim meal-plan charges are billed with spring charges. Enrollment in off-campus semester or interim programs may involve additional program costs. Contact the Office of Off-Campus Programs/ International Studies ( ) for detailed information. Payment Planner Interim and TUITION AND FEES Fall Spring Year Tuition and fees $ 17,070 $ 17,070 $ 34,140 Room (1st year in CAS housing)* $ 2,795 $ 2,795 $ 5,590 Meal plan (CAS students only) $ 1,945 $ 2,235 $ 4,180 Additional charges: (health insurance, class fees and CAS parking permits) $ $ $ A. Estimated annual school bill $ 21,810 $ 22,100 $ 43,910 GIFT AID AND AVAILABLE CASH Grants $ $ $ Scholarships $ $ $ Cash paid at beginning of term $ $ $ B. Subtotal: gift aid and cash paid $ $ $ C. Estimated amount due to Bethel (A B) $ $ $ CALCULATE STUDENT LOANS Perkins Loan $ $ $ Direct Subsidized Loan $ $ $ Direct Unsubsidized Loan $ $ $ D. Subtotal: student loans $ $ $ E. Estimated remaining balance (C D) $ $ $ * The room rate for new students will not increase provided they live in campus housing every semester. Room and meal plan rates for returning students are available at bethel.edu/undergrad/financial-aid/tuition. CHARGES FOR INTERIM Fall Interim Spring Interim Tuition credits 1-5 credits credits No additional charge credits 4 credits 0-11 credits 2 credits of tuition at the part-time rate 0-11 credits 4 credits 0-11 credits 4 credits of tuition at the part-time rate 44 5

5 COLLEGE OF ADULT & PROFESSIONAL STUDIES TUITION RATES FOR UNDERGRADUATE PROGRAMS Tuition rates listed per credit. Business Management (B.A.)...$485 Christian Ministries (B.A.)...$430 Communication Studies (B.A.)...$485 General Studies (A.A.) (14-15 rate) *...$430 Healthcare Leadership (B.A.)...$485 Human Resource Management Certificate...$485 Human Services (B.A.)...$485 Nursing (B.S.)...$500 Organizational Leadership (B.A.)...$485 CORE300, CORE310, CORE $475 Tuition is due for each class on the first day of class. * Visit bethel.edu/adult-undergrad/financial-aid/tuition for rate. TEXTBOOKS All College of Adult & Professional Studies textbooks can be found through our online bookstore at mbsdirect.net/index.php. Simply search Bethel University and you will be able to find a full listing of texts for each course. Payment Planner TUITION AND FEES Fall Spring Summer Year Multiply the # of credits per semester by the per-credit tuition rate Number of credits Per credit tuition rate $ $ $ $ A. Estimated annual tuition $ $ $ $ GIFT AID AND AVAILABLE CASH Grants $ $ $ $ Scholarships $ $ $ $ Military benefits $ $ $ $ Cash paid at beginning of term $ $ $ $ B. Subtotal: gift aid and cash paid $ $ $ $ C. Estimated balance after gift aid and cash $ $ $ $ CALCULATE STUDENT LOANS Direct Subsidized Loan $ $ $ $ Direct Unsubsidized Loan $ $ $ $ Private loans * $ $ $ $ D. Subtotal: student loans $ $ $ $ E. Estimated remaining balance (C D) * $ $ $ $ * Private loans are not included on your award letter, but they may be available to you if your Direct loans are not sufficient to cover your school costs. Please contact the Office of Financial Aid to find out if you have private loan eligibility. TIP BORROW WISELY. KEEP TRACK OF YOUR BORROWING HISTORY. 6 7

6 GRADUATE SCHOOL TUITION RATES FOR GRADUATE PROGRAMS Tuition rates listed per credit. Academic Behavioral Strategist License... $535 Autism Spectrum Disorders License or Certificate... $535 Child/Adolescent Mental Health Certificate...$560 Communication (M.A.)... $535 Counseling Psychology (M.A.)...$560 Director of Special Education License...$730 Ed.D. in Leadership in Higher Education...$730 Ed.D. in Leadership in K 12 Administration...$730 Education K 12 (M.A.)... $535 Emotional/Behavioral Disorders License... $535 Gerontology Certificate...$520 Gerontology (M.A.)...$520 International Baccalaureate Certificate... $535 Literacy Education (M.A.)... $400 MBA... $695 Nurse Educator Certificate... $575 Nurse Leader Certificate... $575 Nurse-Midwifery... $770 Nursing (M.S.)... $575 Organizational Leadership (M.A.)... $535 Physician Assistant (M.S.)... $740 Postsecondary Certificate... $535 Principal License...$730 Special Education (M.A.)... $535 Strategic Leadership (M.A.)... $573 Superintendent License...$730 Teacher Coordinator of Work-based Learning License... $535 Teachers of Computer, Keyboarding, and Related Technology Applications License... $535 Teaching License (various concentrations)... $535 Teaching (M.A.)... $535 BUSN600s, BUSN700s, ECON600s, and LEAD600s... $695 SLDR600s and SLDR700s...$450 Payment Planner TUITION AND FEES Fall Spring Summer Year Multiply the # of credits per semester by the per-credit tuition rate Number of credits Per credit tuition rate $ $ $ $ A. Estimated annual tuition $ $ $ $ GIFT AID AND AVAILABLE CASH TEACH Grant (M.A. only) $ $ $ $ Scholarships $ $ $ $ Military benefits $ $ $ $ Cash paid at beginning of term $ $ $ $ B. Subtotal: gift aid and cash paid $ $ $ $ C. Estimated balance after gift aid and cash $ $ $ $ CALCULATE STUDENT LOANS Direct Unsubsidized Loan $ $ $ $ Grad PLUS or private loans * $ $ $ $ D. Subtotal: student loans $ $ $ $ E. Estimated remaining balance (C D) $ $ $ $ * Grad PLUS and private loans are not inlcuded on your award letter, but they may be available to you if your Direct loans are not sufficient to cover your school costs. Please contact the Office of Financial Aid to find out if you have private loan eligibility. Tuition is due for each class on the first day of class. TEXTBOOKS All Graduate School textbooks can be found through our online bookstore at mbsdirect.net/index.php. Simply search Bethel University and you will be able to find a full listing of texts for each course. 8 9

7 SEMINARY TUITION RATES, FEES, AND OTHER COSTS Tuition rate per semester hour unless otherwise noted. InMinistry (all campuses)...$495 Residential Programs St. Paul...$495 San Diego...$495 Doctor of Ministry Cohort program... $550 Self-directed program... $355 Audit fees per audit hour (all students)... $100 Student activity fee (per semester, fall and spring semesters only) Student activity fee...$0-$31 Independent study surcharge (fee per course) Master s programs... $255 Doctor of Ministry programs... $255 Assessment, testing, and participation fees (per event, for select courses) Formation assessments...$408 Vocational assessments... $326 Participation fees...$25-$100 D.Min. assessments... $362 D.Min. extension fees (per semester)... $357 Payment Planner Interim and TUITION AND FEES Fall Spring Year Multiply the # of credits per semester by the per-credit tuition rate Number of credits Per credit tuition rate $ $ $ A. Estimated annual tuition $ $ $ GIFT AID AND AVAILABLE CASH Grants $ $ $ Scholarships $ $ $ Military benefits $ $ $ Cash paid at beginning of term $ $ $ B. Subtotal: gift aid and cash paid $ $ $ C. Estimated balance after gift aid and cash $ $ $ CALCULATE STUDENT LOANS Direct Unsubsidized Loan $ $ $ Grad PLUS or private loans * $ $ $ D. Subtotal: student loans $ $ $ E. Estimated remaining balance (C D) $ $ $ Fall tuition is due on August 31, Additional pricing information is available online at bethel.edu/seminary/ financial-aid/tuition. TEXTBOOKS All Seminary textbooks can be found through our online bookstore at mbsdirect.net/index.php. Simply search Bethel University and you will be able to find a full listing of texts for each course. * Grad PLUS and private loans are not included on your award letter, but they may be available to you if your Direct loans are not sufficient to cover your school costs. Please contact the Office of Financial Aid to find out if you have private loan eligibility. REMINDER LOAN FUNDS ARE EQUALLY DISBURSED BETWEEN ALL TERMS WHEN YOU ARE ENROLLED AT LEAST HALF-TIME

8 Step 3 PAY YOUR BILL To pay your bill, you ll need to complete these steps: 1. Accept, decline, and apply for loans 2. Review student employment 3. Review military benefits 4. Enroll in a payment plan (College of Arts & Sciences and Seminary students only) 5. Make a payment BILL DUE DATE Fall Spring College of Arts & Sciences August 10, 2015 January 15, 2016 College of Adult & Professional Studies Graduate School First day of each class First day of each class Seminary August 31, 2015 January 15, 2016 ACCEPTING, DECLINING, AND APPLYING FOR LOANS ACCEPTING LOANS Detailed instructions for applying for loans can be found here: College of Arts & Sciences bethel.edu/undergrad/financial-aid/after-awarded/apply-for-loans College of Adult & Professional Studies bethel.edu/adult-undergrad/financial-aid/after-awarded/ apply-for-loans Graduate School bethel.edu/graduate/financial-aid/after-awarded/apply-for-loans Seminary bethel.edu/seminary/financial-aid/after-awarded/apply-for-loans For each loan, you will need to tell us how much you will borrow through Blink (blink.bethel.edu) > Student Services tab > Financial Aid Award channel > Choose Academic Year > Accept Award (based on how much you want to accept) > follow the instructions > Submit Decision to save your request. Please note: PLUS and private loans have additional steps. Please see p for further details and application instructions. DECLINING LOANS If you do not need to borrow loans, you should decline your loans through Blink (blink.bethel.edu) > Student Services tab > Financial Aid Award channel. Private Loans Private loans are non-federal loans that accrue interest while you re enrolled in school. Your interest rates will vary. Choose your school link below, then compare loans (click on FASTChoice) and apply for a private loan. After you apply, plan on a minimum of 30 days from the date of application for the loan funds to be disbursed. Please note that a separate application is required and this cannot be completed through Blink. 1. To apply, visit choice.fastproducts.org/fastchoice/home/905800/1 2. Use your Payment Planner to determine how much to borrow. You can borrow up to the maximum loan amount as shown under PLUS/Private Loan Eligibility on your Financial Aid Award. If none is listed, contact us. 3. You ll need to complete a self-certification form (provided by the lender) before the lender will release loan funds. CHOOSING A LENDER FOR PRIVATE LOANS The process of finding a lender can be confusing! That s why we evaluate potential lenders every year, and require that our preferred lenders: Demonstrate a commitment to helping borrowers avoid default by proactively contacting them when they re late on payments and providing resources to help borrowers manage money and avoid borrowing too much. Demonstrate the commitment and ability to provide educational loans for the long term. Clearly communicate the terms and conditions of their educational loans. Preferred Lenders Bank of North Dakota , ext Charter One Discover Office of Higher Education (SELF) Sallie Mae Wells Fargo You may select any lender you prefer for your private educational loans. You will not be penalized or have unnecessary delay if you choose a different lender than those on our list

9 Direct PLUS Loan Securing a PLUS loan requires an application submitted to the Federal Student Aid website. See the chart on pp for comparison information. To apply for these loans, follow these steps: 1. Visit studentloans.gov/mydirectloan/index.action 2. After you sign in, select Request a Direct PLUS Loan. Once there, scroll to the bottom of the page and select your loan preference. If you are a parent of a dependent student, choose Parent PLUS. If you are a graduate student, choose Graduate PLUS. 3. Go through the application process (which includes a credit check) to confirm approval or denial of the loan. Your parent (or you) will need to decide how much to accept. If you choose maximum amount, we will process the loan for the maximum amount for which you are eligible. 4. Approved first-time borrowers will need to continue the process and complete a Master Promissory Note. ADDITIONAL PLUS LOAN NOTES: You can borrow up to the amount listed under PLUS/Private Loan Eligibility on your Financial Aid Award. If none is listed, contact the Office of Financial Aid. The minimum payment is $50 a month. Payments may be deferred while you re enrolled by contacting the servicer of the PLUS Loan. Visit for servicer contact information. PLUS LOAN DENIAL (applies only to parents of dependent undergraduate students) If your PLUS loan is denied and your parent chooses not to appeal the decision or obtain an endorser, you, if you are a dependent student, will become eligible for additional Direct Unsubsidized Loans. Freshmen and sophomores may borrow up to $4,000 per year; juniors and seniors may borrow up to $5,000 per year. Visit bethel.edu/undergrad/financial-aid/forms for the Loan Request form. Let us know if you plan to borrow the additional Direct Unsubsidized Loan through completion of a Loan Request form or through Blink. MILITARY BENEFITS Veterans and their dependents may be entitled to benefits from a variety of programs to assist with educational expenses. On our website, you will find a comprehensive list of the types of military benefits available to veterans, their spouses and dependents such as Post 9/11 GI Bill, Federal Tuition Assistance, Minnesota GI Bill, etc. Choose your school at bethel.edu/financial-aid, then select Types of Aid and then Military Benefits for information. Bethel-controlled grants and scholarships are reduced if total military benefits, grants, and scholarships exceed the financial aid budget for tuition, fees, room, board, books, and supplies. CAPS, GS, and Seminary students receiving military benefits that cover full tuition are not eligible for Bethelcontrolled grants and scholarships. STUDENT EMPLOYMENT If you re a new College of Arts & Sciences student who has been awarded work study, we ll help place you in an on-campus job for fall semester if you submit your application by May 10. You will be notified by August 1 if we are able to place you in a job. Visit bethel.edu/financial-aid/studentemployment/application to apply. If you re a returning CAS student, you missed the May 10 deadline, or you weren t awarded work study, you can still find a job on campus. Visit bethel.edu/financial-aid/studentemployment/jobs for current openings. Visit bethel.edu/career-development if you prefer to work off campus. OPTIONS AVAILABLE Students work in athletics, bus driving, clerical, computer, childcare, library, and security, among others. Most new students work in either facilities management or food service. Others work in off-campus federal work study community service positions, such as reading tutors or childcare workers. WORK STUDY AMOUNT ON AWARD MAY DIFFER FROM ACTUAL EARNINGS While we may offer $2,500 in work study, we are not able to guarantee employment or that you will earn that much. Most students work 3-10 hours a week. The pay rate starts at $9.00 per hour, depending on your position. What you end up earning depends on your rate of pay and how many hours you work. You must complete an I-9 form within three days of starting your Bethel job. Check out bethel.edu/financial-aid/student-employment/hired or visit us in the Office of Financial Aid. You can get paid either by check or direct deposit. Most students choose direct deposit. Your earnings will be deposited into your bank account on payday. If you choose to be paid by check, your check will be placed in your Bethel P.O. box every two weeks, following the payroll cycle. TIP PRIMARY JOB SEARCH RESPONSIBILITY IS ON THE STUDENT

10 PAYMENT PLAN College of Arts & Sciences or Seminary students may sign up for a payment plan through the Business Office. Visit bethel.edu/business-office or contact the Business Office at ( , ext. 6208) for more information. Visit cas.bethel.edu/financial-aid/forms/cash-course for helpful budgeting information. MAKING A PAYMENT Payments can be made via check or credit card online through Blink (blink.bethel.edu) Student Services tab > My Bethel Account channel > Make a Payment. You can also pay via cash, check, or credit card by stopping at the Business Office. MINNESOTA STATE GRANT Undergraduates only The Minnesota State Grant helps Minnesota students from low- and moderate-income families pay for educational expenses at eligible Minnesota colleges or universities. DEADLINE Your FAFSA must be received by the federal application processing center by these dates: Fall Semester... September 15, 2015 Spring Semester...January 26, 2016 Summer Semester...June 28, 2016 Eligible students who miss this deadline must wait until the next semester to receive a Minnesota State Grant. STATE GRANT FORMULA The formula which determines state grant amounts is set by the Minnesota State Legislature and is subject to change. When the formula changes, Bethel will recalculate amounts and notify students. When awarding state grants for CAPS students, we use the cohort calendar to determine the number of credits you will have each semester. If a calendar is unavailable, we will assume 6 credits fall semester, 9 credits spring semester, and 6 credits summer semester. Throughout the semester we monitor enrollment and recalculate state grant eligibility based on actual enrollment. Any changes in state grant amounts are made retroactive to the beginning of the semester. Students are notified in an updated award letter if their grant changes. MAXIMUM STATE GRANT BASED ON CREDITS The amount of Minnesota State Grant varies depending on how many credits you take each semester. The maximum award is offered to those taking at least 15 credits per semester. For CAS students, credits taken during interim will count first toward the spring semester but can also count toward fall semester for the purpose of calculating a Minnesota State Grant, as illustrated in the following chart. Enrollment Credits Credits Used in MN State Grant Calculation Fall Interim Spring Fall MN State Spring MN State Grant Credits Grant Credits fall + 0 interim = 12 3 interim + 12 spring = fall + 2 interim = 15 1 interim + 14 spring = fall + 0 interim = 14 0 interim + 16 spring = 16 Credits from fall semester cannot be applied toward a spring semester Minnesota State Grant (or vice versa). Only interim credits can migrate to either fall or spring semester. FOUR YEARS OF ELIGIBILITY Once you ve attempted the equivalent of four years of full-time postsecondary education at any institution, you will not be eligible for a Minnesota State Grant. Check with a financial aid counselor if you have questions about the effects of additional schooling on your Minnesota State Grant eligibility. This applies to all undergraduate students. When awarding state grants, Bethel assumes the CAS student is registered for 15 credits fall semester, 3 interim credits, and 15 credits spring semester. About three weeks after the start of spring semester, the Office of Financial Aid recalculates state grant eligibility based on actual enrollment. These changes are made retroactive to the beginning of the semester. Students are notified in an updated award letter if their grant changes

11 REVIEW YOUR LOAN OPTIONS Educational Loans Type of Loan Borrower Fees Interest More Maximum Additional Rate Information Annual Notes Amount Federal Perkins College of Arts & Sciences None 5.0% fixed For more information $1,000 Not all students are eligible students only and another link to process for a Perkins Loan. So if you your Perkins Loan visit have this option in your bethel.edu/undergrad/ award, complete the financial-aid/types/loans/ application process by July #perkins 1, otherwise your Perkins eligibility may be reduced or cancelled. Direct Subsidized Undergraduate Students 1.073% * 4.66% fixed * For more information Dependent Both dependent and students only and another link to process undergrads: independent students can your Direct Subsided loan, Freshman, borrow a lifetime maximum visit bethel.edu/undergrad/ $3,500; of $23,000. financial-aid/types/loans/ Sophomore, #sub-unsub $4,500; (CAS students) Junior/Senior, or $5,500. bethel.edu/adult-undergrad/ Independent financial-aid/types/loans undergrads: (CAPS students) Freshman, $9,500; Sophomore, $10,500; Junior/Senior, $12,500 Direct All Students 1.073% * 6.21% fixed * For more information and Total sub and Lifetime maximum to be Unsubsidized (graduate) another link to process your unsub for borrowed by dependent 4.66% fixed * Direct Unsubsidized loan, dependent students is $31,000, which (undergraduate) visit bethel.edu/undergrad/ undergrads: includes $23,000 in financial-aid/types/loans/ Freshman, subsidized; independent #sub-unsub $5,500; student max is $57,500, (CAS students) Sophomore, which includes $$23,000 in or $6,500; subsidized; and graduate bethel.edu/adult-undergrad Junior/Senior; student max is $138,500 /financial-aid/types/loans $7,500. which includes loans (CAPS students) Independent borrowed at undergraduate or undergrads: level. bethel.edu/graduate/financial- Freshmen, aid/types/loans $9,500; (GS and Seminary) Sophomore, $10,500; Junior/Senior, $12,500.. Graduate: $20,500. * Federal loans disbursed between July 1, 2014 and June 30, With most loans, the standard repayment is up to 10 years. 18 The loan information in the table above was accurate at the time of printing. 19

12 PLUS and Private Loans Type of Loan Borrower Fees Interest More Maximum Additional Rate Information Annual Notes Amount Direct PLUS Graduate students, or 4.29% 7.21% fixed * See p. 14. This loan requires Up to cost Credit check required. (application parents of dependent a separate application. of attendance Repayment of PLUS loan required) undergraduate student Repayment of PLUS loan minus other required while in school begins 60 days after loan is financial aid unless borrower applies fully disbursed (around April for in school deferrment. 1 for full year loan). Private All Students Varies Varies based See p. 13. Private loans require Up to cost Credit check required. (application may need a credit-worthy on market additional steps and take a of attendance Interest accrues. required) cosigner conditions and minimum of 30 days for minus other Optional in-school payment. credit score processing from the time of financial aid initial application. * Federal loans disbursed between July 1, 2014 and June 30, With most loans, the standard repayment is up to 10 years. The loan information in the table above was accurate at the time of printing. All loan funds will be disbursed directly into your Bethel student account. Loan funds are equally disbursed between all terms of at least half-time enrollment. Since the interest rate on most private loans is market-driven, students and parents with good credit may discover that private educational loan interest rates and borrower fees may be significantly less than the interest rate and fees paid on Federal PLUS and/or Direct Unsubsidized Loans. TIP ONLY BORROW WHAT YOU NEED. APPLY FOR PRIVATE SCHOLARSHIPS AND WORK TO EARN EXTRA MONEY

13 Frequently Asked Questions I m a College of Arts & Sciences student. Can I receive financial aid if I participate in an off campus program such as study abroad? Yes, as long as you re studying in a Bethel-sponsored, off-campus program that complies with federal Satisfactory Academic Progress regulations. You will not receive more in grants and scholarships if your study abroad program costs more than a semester at Bethel. You ll have to apply for additional loans to cover the difference. Institutional grants and scholarships may be used for one study abroad semester. If you re a College of Arts & Sciences student, visit cas.bethel.edu/ financial-aid/before-apply/aid-changes/study-abroad for additional information and to view the list of financial aid-eligible study abroad programs. Will repeating a class to improve my grade point average affect my financial aid? On occasion, you may repeat a course to improve your grade point average. You may receive financial aid for the course provided you earned a grade of W or F on the original course, or you only passed the course once. Where can I find additional private scholarships (outside of Bethel)? We encourage you to seek out scholarships outside of Bethel! Begin your search on Bethel s website at bethel.edu/financial-aid. Also talk to your high school guidance office, your local civic organizations, and your employers (yours and your parents ). What happens to my aid if I receive a private scholarship? A scholarship may reduce your work and/or loan eligibility to keep your total aid package within federal limits. Bethel-controlled grants and scholarships are reduced if total gift aid from all sources exceeds the financial aid budget for tuition, fees, room, board, books, and supplies. What are the Partnership Programs? Bethel offers two partnership programs. The Partnership Scholarship provides an opportunity for church scholarships of up to $2,000/year to be matched for College of Arts & Sciences students. The $500/semester Corporate Partnership Scholarship is for students enrolled in the Graduate School or the College of Adult & Professional Studies who are employed by corporate partners

14 Visit the following websites to learn more about partnership programs: College of Arts & Sciences bethel.edu/undergrad/financial-aid/types/scholarships College of Adult & Professional Studies bethel.edu/adult-undergrad/financial-aid/types/grantsscholarships Graduate School bethel.edu/graduate/financial-aid/types/grants-scholarships Can I use financial aid to pay my rent if I live off campus? Yes, if your financial aid exceeds your institutional charges. Contact the Business Office to receive a credit balance from your student account. How many credits do I need to qualify for financial aid? Full Time Half Time CAS or CAPS students 12 or more credits/ 6 credits/semester semester GS or Seminary students 6 or more credits/ 3 credits/semester semester College of Arts & Sciences (CAS) students must be full time to receive non-need-based Bethel scholarships. If you re considering enrolling part time (1-11 credits), dropping credits, or withdrawing from college mid-term, contact the Office of Financial Aid to determine any financial aid impact these changes may produce. College of Adult & Professional Studies (CAPS) students must be enrolled for at least six credits per term to qualify for federal loans. Some individuals may qualify for the Federal Pell Grant or Minnesota State Grant with fewer credits. If you re enrolled less than half time, you have the option to apply for private loans. Graduate School (GS) and Seminary students must take at least three credits per term to qualify for federal student loans. Some licensure programs require six or more credits to establish half-time status. What is the TEACH grant and who qualifies? If you plan to be a teacher, the TEACH grant provides up to $4,000 per year to eligible students. You must complete the FAFSA, an Agreement to Serve, and TEACH entrance counseling each year you receive a TEACH Grant. Undergraduate students must score above the 75th percentile on at least one admissions entrance test component (e.g., ACT, SAT) OR have a cumulative 3.25 GPA from your most recent schooling (high school GPA for firstyear undergraduates, or college GPA for continuing and transfer students). You must serve as a full-time, highly qualified teacher in a high-need field in a school serving low-income students for a minimum of four years within eight years of completing your course of study, or this grant reverts to a Direct Unsubsidized Loan. Visit teach-ats.ed.gov/ats/index.action for additional information or to complete the agreement to serve and/or receive entrance counseling. When is financial aid applied to my student account? Grants and scholarships from Bethel are normally divided equally between fall and spring terms and applied to your account about one week before the beginning of the term. The Office of Financial Aid won t disburse funds if requests for additional information or requirements are not met. Loans are applied to student accounts after the funds are received, on or about the first day of class. Private scholarships will be applied to your account when we receive the funds. Do I need to re-apply for financial aid each year? Yes. You need to complete a new FAFSA each year. May 10 is the priority deadline for the following fall. Can I get financial aid during the summer? Institutional grants and scholarships are not available during the summer. However, private or federal loans are still available during the summer term. WHAT HAPPENS TO MY FINANCIAL AID IF I m a College of Arts & Sciences student and I get married? Students do not always receive a better financial aid package because they are married. To determine whether it s best for you to complete your FAFSA before you get married or after, visit ohe.state.mn.us/estimator/ firstquestions.cfm. Complete two estimates, one as a single student (using parents data) and one as a married independent student (using your future spouse s data). Print the results of your estimates, then schedule an appointment with a Bethel financial aid counselor to discuss the results. Bring copies of both estimate results to your appointment.... I move on or off campus? Beginning with , Bethel gift aid will not change by moving on or off campus.... I drop credits or withdraw from Bethel? If you re considering dropping credits or withdrawing totally from classes during a term, contact the Office of Financial Aid to determine the impact those changes may have

15 ... I was awarded prior to verification? If the data on your FAFSA was accurate, your financial aid package will not change. If, however, the verification process significantly changes the FAFSA results, then there will be changes to your need-based financial aid. Visit bethel.edu/undergrad/financial-aid/apply/verification for more information.... my family s financial situation has changed? You can complete an appeal form if your family has experienced either reduced income or unusual financial challenges. Visit bethel.edu/ undergrad/financial-aid/apply/special-circumstances for the appeal form. FINANCIAL AID REFUNDS If you withdraw from all courses during the 100% tuition refund period, you ll have all of your financial aid refunded (removed from your student account). If you wish to retain a portion of your federal financial aid, contact the Office of Financial Aid within seven days of your withdrawal so we can determine if you are allowed to keep any portion of it. If you receive a full (100%) refund of tuition, you re ineligible for any state, institutional, or private sources of financial aid. If you have federal aid and withdraw (or are expelled) after a semester starts but before completing 60% of the term, you may need to return a portion of your federal (Title IV) aid. The percentage of Title IV aid to be returned is equal to the number of days you were enrolled divided by the number of calendar days in the enrollment period. Scheduled breaks of more than four consecutive days are excluded. MINNESOTA OFFICE OF HIGHER EDUCATION FINANCIAL AID REFUND POLICY Bethel is required to use the Office of Higher Education (OHE) financial aid refund policy when calculating refunds for Minnesota State Grants and Minnesota SELF loans. You ll be able to keep funds earned through the Minnesota State Work Study Program prior to withdrawing from Bethel. FINANCIAL AID SATISFACTORY ACADEMIC PROGRESS POLICY Bethel University has two methods of monitoring student achievement. The first is the Financial Aid Satisfactory Academic Progress (FA-SAP) policy, which is mandated by federal and state laws and regulations. It involves the monitoring of cumulative GPA, pace of completion (ratio of completed to attempted courses), and the total number of courses students attempt. Students who do not meet the minimum FA-SAP standards may lose eligibility for federal, state, and institutional financial aid. The second method for monitoring student achievement is an Academic Progress, Probation, and Dismissal process which is administered by faculty committees. This committee measures academic progress via a student s grade point average, and will, if necessary, place restrictions on the number of courses you can take, restrict co-curricular activities, and dismiss you. Appeals are submitted to the Academic Appeals Committee for review. The entire FA-SAP policy is available online: College of Arts & Sciences bethel.edu/undergrad/financial-aid/eligibility/academic-progress College of Adult & Professional Studies bethel.edu/adult-undergrad/financial-aid/eligibility/academic-progress Graduate School bethel.edu/graduate/financial-aid/eligibility/academic-progress Seminary bethel.edu/seminary/financial-aid/eligibility/academic-progress FINANCIAL AID REFUNDS FOR INSTITUTIONAL AND PRIVATE FUNDS After calculating the federal and Minnesota financial aid refund policies, institutional and private gift aid is reduced by the same percent as your tuition was reduced. This is a summary of the current refund policy. The complete policy is located in each school s catalog, which can be found at: College of Arts & Sciences bethel.edu/undergrad/academics/catalog College of Adult & Professional Studies caps.bethel.edu/academics/catalog Graduate School gs.bethel.edu/academics/catalog Seminary seminary.bethel.edu/academics/catalog 26 27

16 Key Dates FOR FINANCIAL AID ELIGIBILITY May 10, 2015 CAS only Student employment application deadline for new/ transfer students eligible for need-based work study July 1, 2015 Priority deadline for all loan processes (e.g., promissory notes; Loan Request Form; loan entrance counseling for Perkins and Direct Loans) July 1, 2015 Priority deadline for verification July 1, 2015 Proxy authorization deadline (see p. 1) August 1, 2015 CAS only Partnership Grant forms and checks due (church matching scholarship program) August 10, 2015 CAS only Fall bill due August 31, 2015 Seminary only Fall bill due September 15, 2015 The Office of Financial Aid begins adjusting aid for students who do not meet eligibility requirements (e.g., enrolled less than full time, MN State Grant adjustments) December 5, 2015 Last day to request a federal loan for fall semester January 15, 2016 Interim and spring semester bill due CAS and Seminary only February 10, 2016 CAS only Departmental Scholarship application deadline February 16, 2016 The Office of Financial Aid begins adjusting aid for students who do not meet eligibility requirements (e.g., enrolled less than full time, Minnesota State Grant adjustments) May 2, 2016 Last day to request a loan for spring semester Office of Financial Aid Bethel University 3900 Bethel Drive, St. Paul, MN The Bethel University Office of Financial Aid adheres to the National Association of Student Financial Aid Administrators Statement of Ethical Principles and Code of Conduct and Bethel s Code of Conduct Governing Educational Loan Activities. Visit cas.bethel.edu/financial-aid/types/loans/conduct-code to view these documents

17 , ext fax: bethel.edu/financial-aid