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Financial Aid

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Financial Aid

 

Federal and State financial aid help students pay for most kinds of education after high school. Federal financial aid includes Federal Pell Grant, Federal SEOG (Supplemental Educational Opportunities Grant), Federal College Work-Study, and Stafford Subsidized and Unsubsidized Loans. Grants are awarded based on need and income and do not have to be repaid. The Stafford Subsidized Loan is also based on need and income, but must be repaid once the recipient graduates or withdraws from the university. However, payments do not have to begin until six months following graduation or if the student withdrawals or goes below half time at the school, during which time no interest is accrued.

 

The Stafford Unsubsidized loan accrues interest as soon as the student receives the loan and will continue to accrue the same interest percentage for the life of the loan. Like the Stafford Subsidized Loan, payments for the unsubsidized loan will not begin until six months after graduation, or if the student withdrawals or goes below half time at the university. Interest is set by the federal government. The recipient of all loans is responsible for making payments until the loan is fully repaid. Only undergraduates are available to receive Pell Grants, subsidized, and unsubsidized loans. Graduate or Professional students can only receive Unsubsidized loans. Financial Aid is available to assist those qualified students wishing to attend Bethesda, but not having the means to do so.

 

The primary responsibility for financing an education belongs to the student and his/her family. The Board of Trustees has made a major commitment to assisting all students by keeping tuition and fees at a low rate. Financial Aid at Bethesda is based upon need. Need is defined as the difference between the cost of attending Bethesda and the Expected Family Contribution (EFC) toward the cost. The Federal "Free Application for Federal Student Aid" (FAFSA) is the form from which EFC is calculated. Bethesda does administer several Federal Title IV aid programs:

 

 

Federal Pell Grant: Federal Pell Grant is based upon financial need and cost of attendance that eligible for full-time students. The maximum Federal Pell Grant Award is $5,920 per year (2017-2018).  Pell Grant is available to col­lege students who have not previously earned a bachelor's degree.

 

Federal Supplemental Education Opportunities Grant (SEOG): Awarded to Pell-eligible college students with exceptional demonstrated financial need. Priority is given to students with 0 (zero) EFC.

 

Federal Work-Study Program: Provides employment opportunities for students to assist them in earning the funds necessary to meet college expenses. The student normally works 10-15 units a week.

 

Federal Family Education Loan Program (Stafford Loan Program): Under this program, private lenders provided loans to students that were guaranteed by the federal government. These loans included Subsidized Federal Stafford Loans, Unsubsidized Federal Stafford Loans, FFEL Plus Loan, and FFEL Consolidation Loans. Federal Student Loans under the FFEL Program are no longer made by private lenders. Instead, all new federal student loans come directly from the U.S Department of Education under the direct loan program.

 

Institutional funds are granted only to full-time students and all applicants must file a FAFSA.

STUDENT RIGHT TO KNOW ACT

 

The Student Right-to-Know Act, passed by Congress in 1990, requires institutions eligible for Title IV funding, under the Higher Education Act of 1965, to calculate completion or graduation rates of certificate- or degree-seeking, full-time students entering that institution, and to disclose these rates to current and prospective students. To read more about the Student Right-to-Know Act, please visit the National Center for Education Statistics website at http://nces.ed.gov                           

And College Navigator is a free consumer information tool designed to help students, parents, high school counselors, and others search for and obtain information about U.S. postsecondary institutions. Please visit the College Navigator website at https://nces.ed.gov/collegenavigator.

Bethesda University, acting in compliance with the Student Right to Know Act, is happy to post the following information on the graduation rates of our cohorts of full-time, first-time, degree-seeking undergraduates, and student athletes that have received financial aid. The graduation rates show the graduation/completion status of students who enrolled for whom 150% of the normal time-to- completion of a four-year, undergraduate degree has elapsed

Things to keep in mind when viewing this information:

  • Retention and Graduation rates are for a select group of students – Fall First-time, Full-time Baccalaureate degree-seeking freshmen. While this is an important group to track, it does not represent all of our students, including students who start in the Spring, transfer students, part-time students, associate degree-seeking students, graduate students, or non-degree seeking students.

  • All graduation rates are based on 6 years of attendance which is equal to 150% of the normal completion time of BU’s longest academic program.

  • Graduation rates do not include students who left school:

    • To serve in the armed forces

    • To take part in official church missions,

    • To help with a foreign aid service of the federal government

  • Graduation rates do not include students who has died or become totally disabled.

  • Students who withdrew for personal or medical reasons are included in the original

headcount. Additionally, students who started at Bethesda University who transferred to another university and graduated will not be included in Bethesda's graduation rate.

  • We have chosen not to report our transfer-out rate.

  • All graduation rates are based on 6 years of attendance which is equal to 150% of the normal completion time of BU’s longest academic program.

  • Graduation rates do not include students who left school:

    • To serve in the armed forces

    • To take part in official church missions,

    • To help with a foreign aid service of the federal government

  • Graduation rates do not include students who has died or become totally disabled.

  • Students who withdrew for personal or medical reasons are included in the original

headcount. Additionally, students who started at Bethesda University who transferred to another university and graduated will not be included in Bethesda's graduation rate.

  • We have chosen not to report our transfer-out rate.

Student Body Diversity (NPEC, Summary of HEA Institutional Disclosure Requirements, reference number 8)

Brief Description: Institutions must make available to current and prospective students information about student body diversity, including the percentage of enrolled, full-time students in the following categories: male, female, self-identified members of a major racial or ethnic group, and Federal Pell Grant recipients.

 

Enrolled Full-time Students by Gender and by Race: Fall 2020  

                                                

Federal Pell Grant recipients by Gender and by Race: Fall 2019  

Retention Rates (NPEC, Summary of HEA Institutional Disclosure Requirements, reference number 24) Brief Description: Institutions must make available to current and prospective students the retention rate of certificate- or degree-seeking, full-time, first-time, undergraduate students as reported to IPEDS.

 

 From IPEDS Report  

 

Completion/Graduation Rates (NPEC, Summary of HEA Institutional Disclosure Requirements, reference number 25): The Graduation Rate component collects data on the cohort of full-time, first-time degree/certificate-seeking undergraduate students and tracks their completion status at 150% of the normal time to complete all requirement of their program of study.

 

 From IPEDS Report

Completion/Graduation Rates for Students Receiving Athletically Related Aid (NPEC, Summary of HEA Institutional Disclosure Requirements, reference number 26)

 

Brief Description: Each institution must produce by July 1 each year a report that is provided to a prospective student athlete and the student's parents, high school guidance counselor, and coach at the time the institution offers athletically related student aid.