{"id":3280,"date":"2019-05-10T17:44:12","date_gmt":"2019-05-10T17:44:12","guid":{"rendered":"https:\/\/www.sum.edu\/?page_id=3280"},"modified":"2025-07-14T12:07:54","modified_gmt":"2025-07-14T19:07:54","slug":"types-of-financial-aid","status":"publish","type":"page","link":"https:\/\/www.sum.edu\/financialaid\/types-of-financial-aid\/","title":{"rendered":"Types of Financial Aid"},"content":{"rendered":"\n<style type=\"text\/css\" data-created_by=\"avia_inline_auto\" id=\"style-css-av-jvianudy-1eed86e4ff000a87295a8d292f1d4525\">\n.avia-section.av-jvianudy-1eed86e4ff000a87295a8d292f1d4525{\nbackground-color:#b02b2c;\nbackground-image:unset;\n}\n<\/style>\n<div id='av_section_1'  class='avia-section av-jvianudy-1eed86e4ff000a87295a8d292f1d4525 main_color avia-section-default avia-no-border-styling  avia-builder-el-0  el_before_av_one_full  avia-builder-el-first  avia-bg-style-scroll container_wrap sidebar_right'  ><div class='container av-section-cont-open' ><main  role=\"main\" itemprop=\"mainContentOfPage\"  class='template-page content  av-content-small alpha units'><div class='post-entry post-entry-type-page post-entry-3280'><div class='entry-content-wrapper clearfix'>\n\n<style type=\"text\/css\" data-created_by=\"avia_inline_auto\" id=\"style-css-av-jvikf477-a93650f34696ceebc366a5f62b0b9932\">\n#top .av-special-heading.av-jvikf477-a93650f34696ceebc366a5f62b0b9932{\npadding-bottom:10px;\ncolor:#ffffff;\nfont-size:60px;\n}\nbody .av-special-heading.av-jvikf477-a93650f34696ceebc366a5f62b0b9932 .av-special-heading-tag .heading-char{\nfont-size:25px;\n}\n#top #wrap_all .av-special-heading.av-jvikf477-a93650f34696ceebc366a5f62b0b9932 .av-special-heading-tag{\nfont-size:60px;\n}\n.av-special-heading.av-jvikf477-a93650f34696ceebc366a5f62b0b9932 .special-heading-inner-border{\nborder-color:#ffffff;\n}\n.av-special-heading.av-jvikf477-a93650f34696ceebc366a5f62b0b9932 .av-subheading{\nfont-size:15px;\n}\n\n@media only screen and (min-width: 480px) and (max-width: 767px){ \n#top #wrap_all .av-special-heading.av-jvikf477-a93650f34696ceebc366a5f62b0b9932 .av-special-heading-tag{\nfont-size:0.8em;\n}\n}\n\n@media only screen and (max-width: 479px){ \n#top #wrap_all .av-special-heading.av-jvikf477-a93650f34696ceebc366a5f62b0b9932 .av-special-heading-tag{\nfont-size:0.8em;\n}\n}\n<\/style>\n<div  class='av-special-heading av-jvikf477-a93650f34696ceebc366a5f62b0b9932 av-special-heading-h1 custom-color-heading blockquote modern-quote modern-centered  avia-builder-el-1  avia-builder-el-no-sibling  av-inherit-size'><h1 class='av-special-heading-tag '  itemprop=\"headline\"  >FINANCIAL AID<\/h1><div class=\"special-heading-border\"><div class=\"special-heading-inner-border\"><\/div><\/div><\/div>\n<\/div><\/div><\/main><!-- close content main element --><\/div><\/div><div id='after_section_1'  class='main_color av_default_container_wrap container_wrap sidebar_right'  ><div class='container av-section-cont-open' ><div class='template-page content  av-content-small alpha units'><div class='post-entry post-entry-type-page post-entry-3280'><div class='entry-content-wrapper clearfix'>\n\n<style type=\"text\/css\" data-created_by=\"avia_inline_auto\" id=\"style-css-av-lpqyo-95b54274c55a305177a2a02e489a7cbd\">\n.flex_column.av-lpqyo-95b54274c55a305177a2a02e489a7cbd{\nborder-radius:0px 0px 0px 0px;\npadding:0px 0px 0px 0px;\n}\n<\/style>\n<div  class='flex_column av-lpqyo-95b54274c55a305177a2a02e489a7cbd av_one_full  avia-builder-el-2  el_after_av_section  avia-builder-el-no-sibling  first flex_column_div av-zero-column-padding  '     ><p>\n<style type=\"text\/css\" data-created_by=\"avia_inline_auto\" id=\"style-css-av-2q43b4-ebc88440ef1fc732cdc2236e7f53e68d\">\n#top .av-special-heading.av-2q43b4-ebc88440ef1fc732cdc2236e7f53e68d{\npadding-bottom:10px;\n}\nbody .av-special-heading.av-2q43b4-ebc88440ef1fc732cdc2236e7f53e68d .av-special-heading-tag .heading-char{\nfont-size:25px;\n}\n.av-special-heading.av-2q43b4-ebc88440ef1fc732cdc2236e7f53e68d .av-subheading{\nfont-size:15px;\n}\n<\/style>\n<div  class='av-special-heading av-2q43b4-ebc88440ef1fc732cdc2236e7f53e68d av-special-heading-h2  avia-builder-el-3  el_before_av_textblock  avia-builder-el-first '><h2 class='av-special-heading-tag '  itemprop=\"headline\"  >Types of Financial Aid at SUM Bible College<\/h2><div class=\"special-heading-border\"><div class=\"special-heading-inner-border\"><\/div><\/div><\/div><br \/>\n<section  class='av_textblock_section av-jviap2zh-7ec2812c822613ca704c86c4103761d0 '   itemscope=\"itemscope\" itemtype=\"https:\/\/schema.org\/CreativeWork\" ><div class='avia_textblock'  itemprop=\"text\" ><p>SUM Bible College and Theological Seminary offer low tuition.\u00a0 Financial aid is available should students need assistance.\u00a0 Below are some of the financial aid programs available.\u00a0 For additional types of aid, please also check our scholarship and Veterans Assistance links on this website.<\/p>\n<ul data-rte-list=\"default\">\n<li>Grants<\/li>\n<li>Work-study programs<\/li>\n<li>Scholarships<\/li>\n<\/ul>\n<h3><strong>Federal Grants<\/strong><\/h3>\n<p>Unlike loans, grants do not need to be repaid. Two types of Federal grants available are:<\/p>\n<p>Federal Pell Grant<br \/>\nThis need-based grant is available only to undergraduate students that demonstrate financial need based on completion of the Free Application for Federal Student Aid (FAFSA).\u00a0 Award amounts are based on your Student Aid Index (SAI), the Cost of Education, and number of credit hours you are attending as determined by your FAFSA and the Financial Aid Office.<\/p>\n<p>Federal Supplemental Educational Opportunity Grant<br \/>\nThis Federal need-based grant is available to undergraduate, Pell-Grant-eligible students that demonstrate financial need according to a federal eligibility formula. \u00a0Award amounts are based on a student\u2019s \u201cStudent Aid Index (SAI),\u201d the Cost of Education, and number of credit hours.\u00a0 Funds are limited funds and awarded to Pell Grant recipients that demonstrate a high financial need based on their SAI.<\/p>\n<h2>Work-Study<\/h2>\n<p>Federal Work Study (FWS)<br \/>\nFWS is a need-based financial aid program designed to assist students with employment opportunities on campus or within the community. Funds are limited.\u00a0 This is a regular paid position in which a student will receive a bi-weekly paycheck. The FWS earnings are taxable; however, are excluded in the need calculation on the FAFSA.<\/p>\n<p>Requirements for the Federal Work-Study program:<\/p>\n<ul data-rte-list=\"default\">\n<li>To be eligible for a FWS work-study award, applicants must complete a FAFSA, demonstrate financial need after all other aid applied, and be enrolled in six or more credit hours.<\/li>\n<li>Applicants must have a minimum 2.0 cumulative grade point average and be in good academic standing<\/li>\n<li>Students cannot begin work until all personnel paperwork has been completed (I-9, W4, etc.)<\/li>\n<li>Students cannot work more than 20 hours a week while classes are in session<\/li>\n<li>Students must remain enrolled in at least six credit hours during the time that they are employed<\/li>\n<li>Students must submit accurate time sheets on a regular and timely basis<\/li>\n<li>Student cannot exceed their work-study award<\/li>\n<\/ul>\n<h2 dir=\"ltr\">Veterans Benefits<\/h2>\n<p dir=\"ltr\">From federal tuition assistance to the Montgomery GI Bill and Post 9\/11 GI Bill, there are many ways for active-duty service members, veterans, and their dependents to get financial support to help pay for their tuition at SUM Bible College &amp; Theological Seminary. Our Financial Aid office will help you understand the military and veteran funding available to you.<\/p>\n<h2 dir=\"ltr\">Vocational Rehabilitation<\/h2>\n<p dir=\"ltr\">Vocational rehabilitation (VR) programs are state-run, federally state-run programs that offer a way for people with mental and physical disabilities to get the help they need to become more independent and go back to work.<\/p>\n<p dir=\"ltr\">To apply for VR services, contact the agency in your state that administers the program. (Some states Department of vocational rehabilitation falls under the Health and Human Services agency, while others come under the Department of Education.) Also, your local Social Security field office can help you find the closest VOC rehab office in your state.<\/p>\n<h2 dir=\"ltr\">Scholarships<\/h2>\n<p dir=\"ltr\">A scholarship is a form of \u201cgift\u201d assistance you can apply for that does not have to be repaid. Scholarships may be counted towards your total financial aid award package and used to meet your financial need.<\/p>\n<p dir=\"ltr\">Most all scholarships require you to complete their application, write an essay, have references, or have a certain GPA.\u00a0 Check with each donor for their specific criteria.<\/p>\n<p dir=\"ltr\">Please see the scholarship page for additional information. In addition, please check with your high school and congregation on what scholarship opportunities they may offer.<\/p>\n<p dir=\"ltr\"><a href=\"https:\/\/www.sum.edu\/scholarships\/\"><span style=\"font-weight: 400;\">Scholarships &#8211; SUM Bible College and Theological Seminary<\/span><\/a><\/p>\n<p><strong>Consider the SUM Payment Plan:<\/strong><\/p>\n<p>If your full-term tuition would be too much for you all at once, consider the four $400 payments per trimester. For more information contact the Business Office at\u00a0businessoffice@sum.edu.<\/p>\n<p><strong>Congregational\/Church Scholarships:<\/strong><\/p>\n<p>Check with your local congregation to see if they offer scholarships or tuition assistance for its members. You may also wish to visit private scholarship searches like\u00a0<a href=\"https:\/\/scholarshipowl.com\/?transaction_id=1020d487582117dfd18d405d74d848&amp;offer_id=32&amp;affiliate_id=1020&amp;aff_sub=bing-search&amp;aff_sub2&amp;aff_sub3=_&amp;aff_sub4&amp;aff_sub5&amp;gb=%7Bgb%7D&amp;gclid\">ScholarshipOwl: The fastest\u00a0<\/a>path to college scholarships<\/p>\n<p><strong>Third-Party Scholarships:<\/strong><\/p>\n<p>Thousands of dollars in potential scholarships go unclaimed every year. That\u2019s money you could be using to pay for your tuition. You may search for third-party scholarships via our website at:\u00a0<a href=\"https:\/\/www.sum.edu\/scholarships\/\">Scholarships \u2013 SUM Bible College and Theological Seminary<\/a><\/p>\n<p><strong>Employer Paid Tuition Benefits:<\/strong><\/p>\n<p>Often our Partner Organizations will offer to pay the remaining tuition for their employees or members as part of a job training or educational benefit program. Check with your site to see if there is program funding available for you.\u00a0<strong>Please email<\/strong>\u00a0\u00a0businessoffice@sum.edu\u00a0\u00a0to get it set up on your account.<\/p>\n<p><strong>Military TA &amp; VA Benefits:<\/strong><\/p>\n<p>If you are an active-duty Servicemember or Veteran, a member of the National Guard or Reserves, or a qualified survivor or dependent, you may be eligible to receive Educational &amp; Training funding from the Military Tuition Assistance program or the Post \u2013 9\/11 or Montgomery GI Bills. Visit\u00a0<a href=\"https:\/\/vets.gov\/\">vets.gov<\/a>\u00a0to determine your VA eligibility and apply or contact your base\u2019s Educational Center for TA funding details.<\/p>\n<p><strong>Private Student Loans:<\/strong><\/p>\n<p>We highly recommend students not take out loans because we know that the future financial burden of taking on debt is not without risks. This is one reason why we don\u2019t participate in the federal student loan program.<\/p>\n<p>In instances where some students may need to obtain a loan to pay for living expenses, they are encouraged to pursue private student loan funding by visiting their local bank or a national student loan provider. You can find out more by performing a Google search or visit:\u00a0<a href=\"https:\/\/www.bestmoney.com\/private-student-loans\/compare-private-student-loans?bkw=private%20student%20loans&amp;bcampid=568344743&amp;bcamp=Bing%20Private%20Student%20Loans%20-%20Pareto&amp;bagid=1185275410876876&amp;bag=Private%20Student%20Loans%20-%20Exact&amp;btarid=kwd-74080135247448:loc-4085&amp;bidm=be&amp;bnet=o&amp;bd=c&amp;bmobval=0&amp;bt=search&amp;utm_source=bing&amp;utm_medium=cpc&amp;utm_term=private%20student%20loans&amp;utm_campaign=Bing+CPC+Campaign&amp;c=74079923686720&amp;m=e&amp;k=74080135247448&amp;binterest=&amp;mapl=&amp;bphysical=93546&amp;bfeedid=&amp;a=L1&amp;ts=&amp;topic=Pareto&amp;upf=&amp;clicktype=&amp;camtype=&amp;msclkid=edef3d302ae517b06a8055604f110af3\">Best Private Student Loan Rates 2025 | BestMoney<\/a>\u00a0\u00a0for more information on what to consider when looking for a private student loan and how to apply.\u00a0<strong>Note: SUM does not refer to or can recommend any private student loan lenders.<\/strong><\/p>\n<\/div><\/section><\/p><\/div>\n","protected":false},"excerpt":{"rendered":"","protected":false},"author":1,"featured_media":0,"parent":3256,"menu_order":0,"comment_status":"closed","ping_status":"closed","template":"","meta":{"content-type":"","footnotes":""},"class_list":["post-3280","page","type-page","status-publish","hentry"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v24.8.1 - 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