Financial Aid

Scholarships

The following scholarships are available to all students attending the New York or Florida campus:

Chow Scholarship — This scholarship is awarded based on financial need and ACT/SAT scores. Students must submit a copy of their SAT or ACT scores for review. Three recipients will be selected and awarded $500 each. Application must be submitted by July 1st, 2008.

Wyrtzen Scholarship — This scholarship is awarded based on financial need and Christian character. The amount awarded may range from $250-1,000 and is applied after the students first period of attendance. Students that exhibit outstanding financial need on their initial scholarship application will be issued a supplemental application that must be returned prior to the October 18th deadline. Scholarship applications are reviewed for the Wyrtzen Scholarship after the October 18th, 2006 deadline.

Music Scholarship— Each recipient will be selected through interviews with the music committee and faculty. Selection is based on available positions, musical ability, academic ability, Christian character and available funds. Interviews for these opportunities are conducted with faculty members during the first week of the Fall Quarter. Interested students should contact the staff member below to inquire about auditions and participating in these ministries. Each ministry opportunity will require different levels of involvement and responsibility reflective of each scholarship amount. Students with musical abilities may investigate opportunities to interview for the following scholarships:

Praise/Worship (NY)	Florida Ensemble	Impact Team *	2nd Year Ensemble (NY)*	2nd Year Drama (NY)*
$500	$500	$2000 or $5000	$2000	$2000
Contact: Bobby Lanyon	Contact: Tom Phillips	Contact: Mike Laymon	Contact: Euanna Pigford	Contact: Karl Storman
Students participate in on campus services on a regular basis. This is primarily an instrumental group.	Students participate in ministry off campus, promote the Word of Life Bible Institute, and participate in the Gospel Productions.	$2000 - Students in their 2nd year agree to complete a year of ministry on the Impact Team immediately following their sophomore year. Must be confirmed prior to 10/18/07. $5000 - Students in their 2nd year have completed a year of ministry on the Impact Team immediately prior to attending their sophomore year.	Second Year students minister on and off campus as well as travel to Florida to participate in the Gospel Productions.	Second Year students minister on and off campus as well as travel to Florida to participate in the Gospel Productions.

* Student must be in his/her sophomore year to qualify

The following scholarships are available only to students attending the Florida campus:

Bowers Scholarship — This scholarship is designated for up to three students attending the Florida campus who have an evident desire to serve the Lord in full-time ministry. Financial need and academic ability are also given consideration. The student must complete a FAFSA to be eligible. The amount awarded may range from $500-1,500, and will be applied in the second payment period.

Rogan Scholarship — This scholarship is available to students attending the Florida campus. Applicants must have completed the FAFSA and be able to document significant financial need. The amount awarded may range from $100-1,000 and is applied in the second payment period.

Florida Commuter/Resident Discount — A student who is defined as a FL resident may receive a discount of $1750 if they live on campus. If they are permitted to commute, the discount they may receive is $982. Students who receive the commuter discount are not eligible to receive a Chancellor's Scholarship. Residency is defined by the FAFSA information and permanent legal address.

The following scholarships are available only to sophomores:

Academic Scholarship — This scholarship is awarded to sophomores who earned a cumulative GPA of 3.00 or higher upon completion of their freshman year. The amount awarded is $1000. This award is applied over each payment period of the student’s sophomore year.

Bradbury Scholarship — This scholarship is awarded to ten sophomores who have demonstrated a sincere desire to serve the Lord in full-time ministry. Financial need is also taken into consideration. Applications for this scholarship are only available during the week of March 2-9, 2008 of the student’s freshman year. The amount awarded is $300 and is applied in the first payment period of the student’s sophomore year.

Calvert Scholarship — This scholarship is awarded to just one sophomore who has exhibited exceptional Christian character and whose life evidences a genuine desire to serve the Lord in full-time ministry. Applications for this scholarship are only available during the week of March 2-9, 2008 of the student’s freshman year. The amount awarded is $2,000 and is divided equally over each payment period of the sophomore year.

SIC (Summer Institute of Camping) Scholarship — This scholarship is awarded to sophomores who have successfully completed their freshman summer ministry and have committed to completing their sophomore summer ministry at an authorized Word of Life camp or ministry at the approval of the camp director. The amount awarded is $1000. Applications for this scholarship will be available during the summer quarter of the student’s freshman year and must be submitted by July 31st, 2008.

The following scholarships are given by certificate, appointment, recommendation, or special qualification only:

Chancellors Scholarship — Eligible students may be awarded this scholarship in only one of the following categories:

*ALUMNI*	$1500	Awarded to dependents or siblings of Word of Life Bible Institute Alumni.
Christian Leadership Development	$1500	This award is intended to assist a student who has outstanding spiritual potential or has made a decision for Christ in the last year. Recommendation by a WOL Area Missionary is required. To find your Area Missionary, go to www.wol.org/lcm/findus/regional/index.php?option=1 and select your state.
Christian Worker Dependent	$1500	Awarded to dependents of Missionaries, Pastors, and Christian School Teachers.
Financial Assistance	$1500**	This award is intended to assist a student who can document significant financial need for which there is no known or foreseeable resolution.
Start Strong LCM Scholarship	$1500	Awarded to students who currently attend a church that has enrolled in the Word of Life Local Church Ministry Club Program within the past year. Not to be combined with the Christian Leadership Development LCM Scholarship, valid for Freshman year only. Expires December 2008. No other restrictions apply.

**Amount may vary based on financial need

Creative Discipleship (C8)/ DIA (Discipleship in Action) — Awarded based on successful completion of the C8 or DIA programs and approval by WOL Local Church Ministries. Students are awarded for each year of DIA completed: 1st year-$150, 2nd year-$150, 3rd year-$200, 4th year-$200, 5th year-$300, 6th year-$400. C8 is awarded as $500 per year achieved. DIA & C8 may be combined with TI scholarships to a maximum of $3500 per single academic year. Amounts exceeding $3500 may be held in reserve to be applied to the Sophomore Year. Original certificates of completion must be submitted to the Financial Aid Office with the Scholarship Application.

TI (Teens Involved) Scholarship — This scholarship is awarded to students who placed 1st, 2nd, or 3rd in one or more categories of WOL Clubs Senior High Teens Involved International competitions. Students who qualify must submit all original TI award certificates to the Financial Aid Office in order to receive this scholarship. TI awards range in value from $75 to $600 and may be combined with DIA and Creative Discipleship to a maximum of $3500 per single academic year. Amounts exceeding $3500 may be held in reserve and applied toward the Sophomore Year.

Putzer Scholarship — This is a $1,000 scholarship awarded at the discretion of the Family Campground Director to one student who especially excelled in the STC program at the Family Campground.

Student Leadership Scholarship — This is a $2,500 scholarship awarded to students who apply and qualify for the RA (Resident Assistant) position as either a Dorm RA or Service RA. Positions vary and are limited. Selection is based on interviews with faculty, abilities, and Christian character. Students must maintain the Standard of Academic Progress and perform satisfactorily in the area of service, as well as maintain excellent Christian character. Students are expected to work 18-20 hours per week, with the schedule for Service RAs determined by the supervisor of the area of service. Students are required to attend Leadership Training two weeks prior to the start of school for leadership classes, interviews and final selection. The application deadline is July 15th, 2008. For more information, or to apply for a position, contact Kendra Lytle in the Student Life office at studentlife@wol.org (NY) or call 727-379-5037 (FL).

STC (Summer Training Corps) Scholarship — This scholarship is Awarded to students who have successfully completed Word of Life´s STC program at one of the six US camps during the summer following their Junior or Senior years of high school. Amounts awarded are: junior- $1000, senior-$2,000. Awards are based on the completion of a full summer at camp. A student must work a minimum of 6 weeks to qualify for any scholarship. May not be combined with the Reachout scholarship.

Reachout Scholarship — To begin in the 2008-2009 school year: $1000 scholarship is awarded to students who have completed a short term mission trip with one of the following programs: Youth Reachout (YRO), TRL, Launch, or Nehemiah Network. Trips must be completed between enrollment for the senior year of high school and the summer following graduation. Original certificates issued by Reachout must be submitted to the Financial Aid Office in order to receive the award. Reachout and STC awards cannot be combined. Students who qualify for STC scholarship in addition to Reachout scholarship may retain their Reachout scholarship for use during their sophomore year.

Confirmation Scholarship — Students who submit their $250 confirmation fee prior to December 15th, March 15th, or June 15th are awarded $350, $250, or $150 (respectively).

Staff Dependent Scholarship — This scholarship is intended to assist a student who is a dependent of a full-time WOL staff member who has been employed with WOL for one or more years. Please refer to page 32 of the staff handbook for more details.

Work Scholarship Opportunities

Summer Work Program — Selected students arrive in mid August and earn minimum wage during the 4-5 weeks prior to the beginning of school by working on campus. Room & board costs are covered so that all earnings may be applied to the student’s fall quarter school bill. The student must be in agreement with, and sign, the Word of Life Statement of Faith and Standard of Conduct to be considered for a position. For more information, or to apply for a position, please contact the Student Life Office at 518-494-4723.

Scholarship Requirements

Requirements
Students are expected to maintain a GPA consistent with the Standard of Academic Progress (See Federal Aid Requirements). Failure to do so may jeopardize scholarships that have been awarded. Students are expected to meet all of their financial obligations to Word of Life.

How To Apply
All students are considered for scholarships based on the answers provided on their scholarship applications. Students should complete applications in full prior to returning them to the Financial Aid Office. If you have any questions regarding the application, contact the Financial Aid Office. Incomplete applications will not be considered. Students are not considered for scholarships without submitting an application.

Distribution
As a general rule scholarships are divided equally over each payment period with limited exceptions.

Eligibility
Students who meet the scholarship criteria are awarded funds as they are available. The Financial Aid Office will review scholarship applications and distribute awards based on: the availability of funds, whether the scholarship criteria has been met, the most significant need, and the order in which the scholarships were received.

Deadlines
Unless otherwise noted, scholarship applications must be submitted no later than October 18th, 2008 (one month after registrationfor January students). Applications that are received after established deadlines will not be considered. Several scholarships have limited funding. Applications received after funding has expired will be declined.

Federal Aid Requirements: Read Carefully

Shortly after registration, student accounts will be charged for room, board, tuition, and fees. Institutional scholarships will be credited at that time. Pell Grant disbursements are posted as funds are received from the Department of Education. Loan disbursements are posted as funds are received from the lender. Students should make every effort to complete the FAFSA as early as possible in order to ensure that Federal funds (e.g. Pell Grants & Stafford/PLUS Loans) arrive promptly . If awarded aid is not posted on the monthly statement, the Financial Aid Office should be contacted immediately.

Loan Interviews

Federal regulation requires that students who take out a Federal Stafford Loan complete both an entrance and exit loan interview. The entrance interview must be completed before any loan disbursements can be credited to the student’s account. The exit interview serves to inform students about repayment of their loan. If loan repayment is not managed properly, the student can go into default which will affect their credit rating, eligibility for further financial aid, and may result in garnishment of wages and future tax refunds. These interviews inform the student of his/her rights and responsibilities as a borrower.

Standard Academic Progress

Students that receive Federal Title IV Aid (e.g. Pell Grant and/or Federal Loans) must maintain a GPA consistent with the Standard of Academic Progress (Freshmen must have at least a 1.8 cumulative GPA upon completion of their second academic quarter; sophomores must have at least a 2.0 cumulative GPA upon completion of their freshman year and maintain a 2.0 cumulative GPA their entire sophomore year). A student whose cumulative GPA falls below the Standard of Academic Progress will lose their right to receive further Federal Title IV Aid. A student may regain this privilege by raising their GPA in a subsequent quarter. In this case, a Stafford or PLUS Loan may be applied retroactively for the prior quarter in which the grades improved. A Pell Grant may not be reinstated retroactively.

Disclosures

*All schools operate their Financial Aid processes differently. Please be sure to follow all instructions and recommendations as outlined in our Financial Aid material in order to achieve the smoothest process possible.
Institutional scholarships may not exceed the cost of Room/Board, Tuition and Fees.
*Students that receive financial Aid will be sent an award letter. The award letter details how much aid is being applied to each quarter.
*Institutional scholarships are subject to review and change by the scholarship committee. The committee determines student eligibility, award criteria, and the amount of the award.
*Students that withdraw or are dismissed are subject to the following policy: Federal, State, and outside funding are subject to return based on the criteria governing awards issued from the supplying organization. Word of Life Bible Institute scholarships are subject to prorating based on the number of weeks the student has completed.

For more information and applications for the following scholarships, please contact the Financial Aid office at:

800-331-9673

Financial Aid
Word of Life Bible Institute
PO Box 129
Pottersville NY 12860-0129