Financial Aid

Crossroads Bible College seeks to provide a wide range of scholarships and grants to help students with educational expenses. The U.S. Department of Education has approved us to participate in the Title IV Funding program. Our students receive funds through the Pell Grant program, SEOG (Supplemental Educational Opportunity Program), Federal Work Study, Indiana State Grants Program and the Direct Loan Program.

Grants are made to the student on the basis of financial need as determined by a standardized need analysis. The Free Application for Federal Student Aid (FAFSA) is used to determine Title IV, State Grants and Direct Loan eligibility. Our Title IV code as requested on the form is 034567. Students should apply over the Internet through FAFSA on the Web at www.fafsa.ed.gov. The deadline for this application is March 1st. For those who do not have Internet access, the application is available in the Financial Aid Office or at any local library.

Veterans Benefits

Eligible veterans and/or their spouses and dependents can receive educational benefits through the Veterans Administration. Veterans who wish to use the benefits should obtain the necessary forms and instructions from the nearest office of Veterans Affairs. Students receiving Veterans benefits will be reimbursed directly by the Veterans Administration. This is considered a special reimbursement policy. For more details, please contact the Financial Aid Office.

Financial Aid Deadlines

All applications for financial aid and supporting documents should be submitted to the Financial Aid Office by the following dates:

April 30th for the Summer session
June 9th for the Fall Semester
November 15th for the Spring semester

Applications received after the deadline dates will be considered, as funds are available. Preference will be given to those students whose application is received by the above dates.

Crossroads Scholarships

Below is a list of regular Crossroads scholarships and financial aid awards with a general description of each scholarship. Financial aid is for tuition only unless otherwise noted. Awards granted for a full academic year will be disbursed in increments of 50%. Also, awards must be used during the period specified in the award letter. The student will automatically forfeit unused scholarship awards. Please see the Financial Aid brochure available in the Financial Aid Office for a complete description of financial aid, award coverage, and requirements. These scholarships will be awarded as funds are provided and made available through our scholarship program.

Adopt-A-Student Scholarship Program

These scholarships are for students who meet the special need criteria for financial aid. It is a tuition-only scholarship that will cover the costs of up to four classes each semester for needy students.

Board of Trustees Scholarship

Awarded to a student from a supporting church. The student must be an active member in the local church and recommended by his or her pastor.

Christian Worker's Scholarship

For full-time students committed to earning a bachelor degree. The applicant must have already earned a minimum of 20 credit hours with a minimum grade average of C. The student's ministry goal must be to become a pastor, career missionary, or Crossroads teacher. Financial need must be documented. An essay is also required, along with other recommendations.

Clint & Regine Kaufield Christian Education Scholarship

Awarded to a senior student studying Education at $1,000 per semester.

Crossroads Scholars “Two-Plus” Program

Several scholarships for four years, plus a $1,000 per summer stipend for ministry oriented full-time students. Covers one-half the costs of tuition, matriculation fee and RLO housing for new or transferring needy students. Students must work 200-hours each summer in a Crossroads-approved ministry in order to receive the $1,000 stipend.

Crossroads Accelerated Graduation Scholarship

Awarded to a full-time junior or senior progressing through the last year or two years of fulfilling the requirements for a bachelor degree.

Dr. James S. Wells Preaching Award

This award is given to a student enrolled in the Pastoral Ministry major. A panel of local pastors and the instructor will evaluate the student.

Heritage Scholarship

Awarded to one student who desires a Bible teaching ministry in the local church. The scholarship will cover up to $1,400 for tuition and fees. An essay and letters of recommendation are required.

Missions Scholarship

To be awarded to four students in the amount of $1,250 a year. These students have made the decision upon graduation to become full-time missionaries. A missionary is to be defined as one who is ministering either here or abroad in a cross-cultural ministry.

President's Scholarship

Established for a full-time student committed to earning a baccalaureate degree with intentions to enter full-time Christian service as a pastor, a missionary, or a teacher.

Student Council Essay Scholarship

The applicant must write a 1,000-word essay on the theme "The Role of the Student Council at a Bible College." The Student Council will evaluate all essays.

Walter Dowdy Senior Citizens Award

Established for a student at least 65 years of age and a member of a supporting church.

Work Study Scholarship and Grants

Scholarships for work-study students who are assigned to work in various departments of the College. The students may receive a salary or can receive credit for their tuition. Click here for our drug free policy

Application of Financial Aid

Financial Aid will be applied to student accounts in the following order:

1. Federal (Pell) and SEOG Grants are applied to all eligible accounts first.
2. State Grants are then applied to qualifying accounts.
3. Any outside scholarships are applied next.
4. Direct Loans will be applied, if applicable.
5. Finally, Scholarships from Crossroads Bible College will be applied only after all Federal and State monies have been applied.

Academic Progress Requirements

Students who receive financial aid must meet the College’s standard of “satisfactory progress” in order to continue to receive financial aid. Students who have not met the credit requirements or academic requirements are not eligible for financial aid until the deficiency is remedied. All courses covered by scholarship must be completed with at least a passing grade. Students dropping or withdrawing from any course covered by scholarship forfeit the scholarship and must make payment arrangements with Student Accounts to repay scholarship monies. The refund policy for add/drop will also apply to scholarships. Below are the requirements for financial aid at Crossroads:

Satisfactory Progress

A student must maintain a cumulative grade point average as listed below to receive Federal financial aid. The cumulative GPA is calculated at the completion of each semester and will include only grades earned at Crossroads Bible College. The GPA is based on a 4-point scale.

With a completion of:	1-24 hours	25-55 hours	56 or more hours
A minimum GPA of:	1.75	1.90	2.0
The maximum time frame for completion of our programs for a full-time student will be 194 credit hours and 96 credit hours for a part time student. All hours attempted at Crossroads will be used for the purpose of computing the maximum time frame. Students must earn the minimum GPA to maintain satisfactory progress. Failure to do so places the student on academic and financial aid probation for a semester. (Please see Academic Probation.) Students have the right to appeal determinations that they are not making satisfactory progress based on mitigating circumstances. A student may appeal through the Financial Aid Director to the Scholarship Committee any negative decision concerning financial aid eligibility. This appeal must be made in writing. The Scholarship Committee will determine and document each extension of eligibility on a case-by-case basis. The Committee’s decision is final and will be communicated in writing to the student. Students who may have questions concerning the above requirements should contact the Director of Financial Aid.