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2013-14 NBTS Financial Aid Application (Online)
2013-14 NBTS Financial Aid Application (PDF)
FAFSA on the Web
QUESTIONS AND ANSWERS ABOUT NBTS STUDENT FINANCIAL AID
Q: What kinds of aid does New Brunswick Theological Seminary offer and who qualifies for it?
A: To qualify for aid administered by NBTS, you must have been admitted to a Master of Divinity, Master of Arts in Theological Studies, or Doctor of Ministry degree program and have registered for a minimum of six academic credits per semester. (Supervised Ministry and Clinical Pastoral Education are not calculated as academic credits.) Types of aid:
Awards from the Seminary's scholarship funds are made to Master's degree students on the basis of application and need. Some funds are designated for students who meet specific criteria.
Stafford loans administered through the US Department of Education are available to Master's and Doctoral students. Subsidized loan eligibility is calculated according to need; Unsubsidized loans are over and above need. You must be a US citizen or legal permanent resident to qualify for these loans.
The Seminary's funds are limited and students are strongly encouraged to apply for scholarships from denominations, congregations, etc. Search websites like www.pcusa.org/financialaid/links.htm, www.thefund.org, & www.fastweb.com and be aware of deadlines & eligibility requirements.
Q: How do I apply for financial aid?
A: We require you to complete and submit certain documents in order to complete your financial aid file so that your financial aid may be properly credited to your student account for the academic year.
All Federal Direct Student Loan recipients must complete the 2014-2015 Free Application for Federal Student Aid (FAFSA) at www.fafsa.ed.gov NBTS's School Code: G02619.
If you don't already have a Personal Identification Number (PIN) you must apply for a PIN at www.pin.ed.gov. Please note students applying for scholarships only do not need to complete a FAFSA.
For each academic year: Go to NBTS Website (www.nbts.edu) click on the Admission's tab then click on Tuition/Financial Aid and click on:
NBTS's Online Financial Aid Application: All students applying for loans and or scholarships only must complete NBTS's Online Financial Aid Application
All students applying for scholarships must complete NBTS's Financial Aid Scholarship Application
All first time borrowers must complete an Entrance Interview and Master Promissory Note (MPN) at www.nbts.edu
Q: How do I complete a FAFSA on the Internet?
A: If this is your first FAFSA, or if you have forgotten your Personal Identification Number, go to www.pin.ed.gov. Once you have your PIN, go to www.fafsa.ed.gov to enter your financial information. New Brunswick Theological Seminary's FAFSA school code is G02619. Students' financial information will be available on-line to NBTS Financial Aid in the form of the Student Aid Report. The information it contains is confidential and will not be shared with other students, faculty, or staff.
Q: How is need determined from information on the FAFSA?
A: The US Department of Education uses a preset formula to calculate how much you are able to pay toward your annual educational expenses. This is the Estimated Family Contribution; the figure appears on your Student Aid Report as the EFC.
The Seminary estimates students' projected cost of attendance based on enrollment status (full or part-time) and cost of living. If you have special or extenuating circumstances that might influence your financial situation, explain on your NBTS Financial Aid Form and attach documentation. The Office of Financial Aid will bring it to the attention of the Scholarship Committee.
Q: Can F-1 nonimmigrant students get financial aid?
A: To qualify for an F-1 visa, students must show the ability to pay for their educational and living expenses in the US for the entire length of their stay. As a result, they can not qualify for need-based awards through the FAFSA process but may qualify for an award from a designated fund.
Q: What happens after I submit my documents?
A: Letters with scholarship fund awards and/or offers of student loans are mailed out after scholarship decisions are made. Initial your letter, sign it and return to the Financial Aid Office. All first-time NBTS Stafford loan borrowers must also complete an on-line Master Promissory Note and Entrance Interview. Borrowers who leave school (by graduating or stopping their studies) must complete an Exit Interview.
Q: What is the maximum amount of money I can borrow under the Federal Direct Student Loan Program?
A: Unsubsidized loans: Maximum of $20,500/yr to aggregate limit of $138,500.
Unsubsidized loans accrue interest but you can defer paying it.
A GENTLE BUT IMPORTANT REMINDER: FEDERAL DIRECT LOANS MUST BE REPAID AFTER GRADUATION! WE URGE YOU TO BORROW THE MINIMUM AMOUNT OF MONEY YOU NEED TO COVER ONLY YOUR EDUCATIONAL EXPENSES.
Other questions? Contact Betty Rucker at 732-247-5241 x311 or by email at firstname.lastname@example.org.