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financialINFO

Financial Assistance

Below are the listings of our different scholarships offered, as well as our discounts. Please read the guidelines prior to looking at the discounts or scholarships individually.

Scholarship Guidelines

Discount Guidelines

Scholarships for 2008

Guidelines

Scholarships are awarded above and beyond the discounts available to students through the college and are available for the first year of enrollment.

• Scholarship awards are determined by the Admissions Office.

• To apply for a scholarship, please fill out the Scholarship Application form, unless otherwise note, and return it by:

December 10
for January 2008 enrollment
August 11 for August 2008 enrollment

Scholarships are only available if you enroll in 2008. If you defer enrollment to 2009 you will need to submit a new application to avail of any scholarships offered at that time.

• Scholarship awards are distributed according to the payment plan you choose:

Payment Plan 1
– the award is deducted from the total advance payment

Payment Plan 2
– the award is divided evenly over the 3 terms; the amount owed by the student each term is adjusted to reflect the scholarship award

Payment Plan 3
– the award is divided evenly over 12 months. The total down-payment due upon enrollment is adjusted to reflect 2 months of the 12. The remaining 10 monthly payments are adjusted to reflect the remaining 10 months of scholarship awarded.

• Applicants accepted as Honor Academy Graduate Interns are not eligible for these scholarships.

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Director’s Merit Scholarship – $600 (automatically awarded to students meeting the eligibility criteria; no application form required)

Number Awarded: up to one per student

Eligibility – student must meet 2 of the three criteria below:

• GPA

A minimum 3.5 CGPA in high school if the student has attended 0 -15 credit hours of college
or
a minimum 3.3 CGPA in the most recent college program if the student has taken 16 or more college credits (in this case the student’s high school transcript
would not be eligible)

• Composite ACT score of 27 or higher or total SAT score of 1210 or higher

• Class rank: top 25%

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Church Matching Scholarship – up to $600

Number Awarded: up to one per student

Eligibility

• Student must have a written pledge of support submitted (up to $500) from their church, (a template is included with the scholarship application form)

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Excellence in Christian Ministry Scholarship - $600

Number Awarded: up to 5 students per term

Eligibility

• Student must submit a 2 page essay addressing the topic: “Encountering God through serving in ministry”

• Student must have a letter of recommendation submitted from an individual who has served in a leadership role with the student in Christian ministry (this may be someone who has already submitted a reference during the application process)

• This scholarship is focused on local Christian ministry, not ministry abroad.

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Excellence in Ministry Abroad Scholarship - $600

Number Awarded: up to 5 students per term

Eligibility

• Student must submit a 2 page essay addressing the topic: “How God used ministry abroad to change my life.”

• Student must have a letter of recommendation submitted from an individual who has served in a leadership role with the student in ministry abroad (this may be someone who has already submitted a reference during the application process)

• This scholarship is focused on ministry abroad, not local Christian ministry.

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Need-based Scholarship – up to $1,000

Number Awarded: up to one per student

Eligibility

• Student must demonstrate significant financial need, as indicated in the scholarship application form

If you would like to fill out a scholarship form, you can begin the process of applying for BCOM.

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Discounts for 2008

Guidelines

• The maximum discount available for any student is $1,000

• To apply for a discount, please fill out the Discount Application Form and return it to the Admissions Office by the application deadline. No applications for discounts will be considered after the final application deadline for a given term.

• Discounts are only available in 2008. If you defer enrollment to 2009 you will need to submit a new application to avail of any discounts offered at that time.

• Discount awards are divided evenly over the first 3 terms of enrollment.

• Applicants accepted as Honor Academy Graduate Interns are not eligible for these discounts.

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The following discounts are available to students enrolling in 2008:

Discipleship Programs Partner Organizations:

Teen Mania Honor Academy
STEM International
OM
YWAM DTS
Bethany Church, Bloomington, MN
Mercy Ships
Reign Ministries Kairos Riverstone Church, Atlanta, GA
Bethany Ministries
Referral from BIM missionary
Masters Commission Trinity Church, Omaha, NE
IHOP Internship/School
Life Church, Colorado Springs, CO
Teen Challenge WEC
WMPL

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If you would like to fill out a discount form, you can begin the process of applying for BCOM.

For more information on college finances, click on the links below:

Financial Costs

Financial FAQs

Study Abroad-Global Internship
Bethany College
of Missions
1.800.323.3417
info@bcom.org
6820 Auto Club Road Bloomington, MN 55438