Investing in your Future. Financing for School

College is a great idea. It could be, though, that one little thing may be separating you from a quality college education: finances—or, in a word, money. Fortunately there are resources available to students. We want to help you succeed! So take a look at this brief outline of tuition and financial aid. And then, let’s talk.

Bottom line? College can be confusing at first. Face it: life itself can be confusing. But there are answers, and our goal is to help you succeed—here at college, in preparation for life. Don’t hesitate to ask; there are no dumb questions.

Your first step: Go to the Federal Student Aid website at www.studentaid.gov or call 1-800-4-FED-AID (1-800-730-8913).

Your second step: Contact Crossroads Student Services at 317-789-8255, or email at financialaid@crossroads.edu.

An Investment in You

Students who receive financial aid must meet the College’s standard of satisfactory progress in order to continue receiving it. Students who have not met the College’s academic requirements are ineligible for financial aid until the deficiency is remedied. All courses covered by scholarship funds must be completed with at least a passing grade.

Students dropping or withdrawing from any course covered by scholarship money forfeit this financial aid and must make arrangements with Student Accounts to repay it. The refund policy for add/drop also applies to scholarships. Below are the requirements for students wishing to receive financial aid at Crossroads Bible College.

Satisfactory Progress

Financial Aid SAP (Satisfactory Academic Progress) is the process the federal government uses to ensure students are successfully completing their academic program at a good pace. The student’s SAP will be evaluated twice a year, at the end of each term, fall and spring. The policy at Crossroads Bible College includes the three standards listed below that all students must meet in order to continue to receive federal aid:

  • Qualitative: Students must maintain a minimum GPA of 2.0 on a 4.0 scale.
  • Quantitative: Students must complete at least 66.7% of the credit hours attempted.
  • Maximum Timeframe: Students must complete the required course work within 150% of the published program length.

Students must complete a minimum number of credit hours based on percentage of work to be completed (quantitative) and maintain a minimum cumulative grade point average (qualitative) consistent with the requirements for graduation in order to meet SAP standards.

All attempted credits, including credits attempted in the Summer or Winterim term, will be counted against students’ maximum timeframe, whether or not the student received financial aid for those attempted credits. All accepted transfer credits will be counted in both the qualitative, quantitative and maximum timeframe measure.

Students who fail to meet the qualitative, quantitative, or maximum timeframe standards at the end of that term will be placed on financial aid “warning” status for the next term and will remain eligible for financial aid while on a warning status. Students on financial aid warning status must meet SAP qualification requirements by the end of that term. Students not meeting the requirements at the next term will be placed on financial aid suspension and considered ineligible for future financial aid until the deficiencies are resolved

Annual Loan Limits

Need Based

  • DL STAFFORD LOANS-Dependent undergraduates
  • Loan must be repaid
  • $3,500.00 subsidized loan and $2,000,00 unsubsidized loan for Freshmen(0-31.5 credit hours)
  • $4,500.00 subsidized loan and $2,000.00 unsubsidized loan for Sophomores (32.-63.5 credit hours)
  • $5,500.00 subsidized loan and $2,000.00 unsubsidized loan for Juniors (64-95.5 credit hours) & Seniors (96-160 credit hours)
  • Loan counseling required for incoming students
  • First year students must wait to receive first loan payment 30 days after classes start
  • Origination fees (regulated by DOE) deducted from funds

  • DL STAFFORD LOANS-Independent undergraduates
  • Loan must be repaid
  • $3,500.00 subsidized loan and $6,000.00 unsubsidized loan for Freshmen (0-31.5 credit hours)
  • $4,500.00 subsidized loan and $6,000.00 unsubsidized loan for Sophomores (32-63.5 credit hours)
  • $5,500.00 subsidized loan and $7,000.00 unsubsidized loan for Juniors (64-95.5 credit hours) & Seniors (96-160 credit hours)
  • Loan counseling required for incoming students
  • First year students must wait to receive first loan payment 30 days after classes start
  • Origination fees (regulated by DOE) deducted from funds