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Financial Aid Information
All announcements in this catalog regarding regulations and expenses are based on current conditions and are subject to change without notice. Current cost information can be obtained from the Business Office or at www.cbc.edu.
Central Baptist College is committed to the principle that no student should be denied a Christian education because of financial limitations. Therefore, the institution makes every reasonable effort to assist students in obtaining any assistance for which they qualify. All scholarships are subject to the approval of the Scholarship Committee. Students may receive only one institutionally funded scholarship per semester. Specific information concerning application procedures can be obtained from the Financial Aid Office.
Federal Student Aid
Direct Student Loans and Parent Loans for Undergraduate Students are available to qualified students. Additional information may be obtained through the Financial Aid Office. The FAFSA application determines student eligibility and is available at www.fafsa.ed.gov .
Pell Grant
Pell Grants are available to students who qualify. The amount of the grant varies according to the level of the family income, the number of dependents in the family, and other factors. Students must complete the Free Application for Federal Student Aid (FAFSA) at www.fafsa.ed.gov in order for their eligibility to be determined. The FAFSA should be submitted by June 30th for the fall semester for financial aid to be in place for the semester. CBC’s school code will need to be listed on the FAFSA. The code is 001093.
Work-Study
The federal work-study program is also available to those students who qualify. For further information, contact the Financial Aid Office.
Arkansas State Student Aid
Arkansas Academic Challenge Scholarship
The AACS is designed to help students attend an Arkansas college or university. To qualify for an AACS, students must have maintained a minimum grade point average and scored a certain level on their ACT. For information on the AACS and other state funded scholarships and grant programs, contact the Arkansas Department of Higher Education at 1-800-547-8839, or visit http://scholarships.adhe.edu
Academic Scholarships
To be considered for an academic scholarship, the student must meet the minimum general criteria, submit an application for admission, and present an ACT score and a six-semester high school transcript. All scholarships are contingent upon admission to the college. Disciplinary probation, suspension, or dismissal automatically disqualifies a student for a scholarship or discount. Unless otherwise stated, the minimum GPA for all institutional scholarships, including endowed scholarships, is 2.50.
All students who have met the abovementioned requirements and have an ACT score of at least 19 and cumulative GPA of at least 2.5 will be considered for academic scholarships. Scholarships are awarded on a ranking system set by the Scholarship Committee of the college. For questions or more information, call Admissions.
Priority Deadline: December 10th Scholarships will be awarded on a rolling basis after December 10th as long as scholarship funds are available.
Athletic Scholarships
Athletic scholarships are available to qualified athletes. All athletic scholarships are based on availability and tryouts. Contact the Athletic Department for more information.
Band Scholarships
Students must audition for acceptance into the band program. Scholarships amounts are awarded based on the demonstrated proficiency as well as the student’s membership in All Region and All State bands. Contact the Director of Bands for more information and to schedule an audition.
Endowed Scholarships
A complete list of endowed scholarships can be found on the institution’s website. Deadline: March 15th.
Music Scholarships
Music scholarships are available to music, worship arts majors, and other qualified musicians. All music scholarships are based on availability, strict audition, and Christian testimony. Contact the Music Department for more information.
The Bible department may award one religious education discount per year for each of the following majors: religious education, missions, and youth ministry. Junior and senior students who major in these programs are eligible to apply. The discount is for one year only; however, it can be renewed if the applicant is selected by the Bible department to receive it for another year. Contact the Chair of the Bible Department for information.
The discount value is fifty percent of the cost of tuition. A cumulative grade point average of 2.5 is required to maintain the scholarship.
Transfer Scholarship
A transfer student must meet the following criteria for Transfer Scholarship eligibility. • Must not have attended CBC at any time. • Number of semesters of eligibility will be based on the total hours needed for graduation minus the hours transferred, divided by 15.
Level 1 ($7500/yr) • Must have a 3.75 cumulative GPA • Must have 30 transferrable hours • Renewable for up to 6 semesters • Must maintain a 3.25 cumulative GPA for renewal
Level 2 ($5500/yr) • Must have a 3.0 cumulative GPA • Must have 15 transferrable hours • Renewable for up to 7 semesters • Must maintain a 3.0 cumulative GPA for renewal
Tuition Discount for Ministry Students
A “Ministry Discount” may be awarded by the CBC Scholarship Committee upon review of a completed application. Decisions of the Scholarship Committee are final. Only students in the traditional program meeting the following criteria are eligible to be considered for the Ministry Discount: 1) Licensed or ordained to the “preaching ministry” by a qualified church AND 2) actively attending or serving in a qualified church AND 3) substantiated annually by a letter from the qualified church.
Definitions:
• Qualified Church: ~Baptist Missionary Association of America (BMAA) = 50% Tuition Discount ~Baptist Missionary Association of America (BMAA) Foreign Mission Church = 50% Tuition Discount
