Eligibility for federally funded financial aid is established by the United States Department of Education regulations. All Calvary's undergraduate and graduate programs are eligible for Federal Aid. The Free Application for Federal Student Aid (FAFSA) is primarily, but not exclusively, used to determine whether a student qualifies for federal financial aid and how much aid will be received. Step-by-step instructions for completing the FAFSA online may be obtained from Calvary's Admissions Office or the Financial Aid Office or by logging onto www.fafsa.ed.gov. Calvary's U.S. Department of Education Title IV Institutional Code is 002450.
For more information see “Apply for Financial Aid”.
All financial aid funds received through the federal government Title IV assistance program at Calvary are credited directly to the student's account each semester, in compliance with the Department of Education regulations.
Loans
Calvary Theological Seminary participates in the Stafford Loan program (commonly referred to as “federal student loans), a student loan program under the U. S. Department of Education. Stafford Loans are "NOT FREE MONEY AND MUST BE PAID BACK." Interest rates are low, and repayment begins six months after graduation or if enrolled for less than six credit hours. The amount that may be borrowed and the loan type(s) depend on financial need, college classification, and dependent or independent status. The first step in seeking a loan is completing the FAFSA. Once the results are known (student receives the SAR; the seminary receives a similar form-an ISIR) consult the Financial Aid Office, as additional paperwork is required in order to apply for a loan.
Another Federal Loan program, the Graduate PLUS loan, is available at Calvary Theological Seminary. It is for seminary students only. Repayment on the loans begins immediately. The student is responsible for repayment. Contact the Financial Aid office for details.
Veteran's Benefits
Calvary is approved for the education of veterans. Veterans should check with the Veteran's Administration regarding eligibility for educational or other VA benefits. The Veteran's Administration may be contacted by calling 1-888-GI-BILL-1 (1-888-442-4551) or by logging onto www.gibill.va.gov.
Federal Regulations
Note: Per Federal Regulations, schools are required to provide students with the details of all refund policies which may be applicable to them, as well as information on the requirements for determining the amount of Title IV funds a student has earned when he or she withdraws. Contact the Financial Aid office for details of these policies.

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