APPLYING FOR FINANCIAL AID
Thank you for applying for financial aid at SUM Bible College and Theological Seminary. Our Office of Financial Aid is ready to assist. All aid applicants are encouraged to APPLY EARLY to avoid last minute problems or delays. Students may begin completing the Free Application for Federal Student Aid (FAFSA) beginning October 1st for the 2019-2020 academic year. SUM’s 19-20 priority deadline is Friday, May 3, 2019, to ensure aid is awarded in time for the August 26, 2019, class start.
Please use the toolbars to the left of this page. They are helpful links that will provide you more information on the types of financial aid available, policies and forms you may need to complete should your aid application be selected in a process called “verification.” Below are the three initial items all applicants must complete to begin the financial aid process:
Step 1: The Free Application for Federal Student Aid (FAFSA*) – All students must complete the FAFSA upon admission. The FAFSA must be completed online at www.fafsa.ed.gov . The SUM School Code is: 037524. A FSA User ID and Password must first be created to electronically sign the FAFSA. To obtain a FSA User ID visit https://fsaid.ed.gov/npas/index.htm
*The 2019-2020 FAFSA Form is now on the myStudentAid mobile app available from the AppStore (iOS) or Google Play (Android). For more information visit: https://studentaid.ed.gov/sa/fafsa/filling-out
Step 2: Federal Student Loan Master Promissory Note (MPN) - All new students must complete the MPN upon admission. The MPN may be completed online at www.studentloans.gov.
Step 3: Federal Student Loan Entrance Counseling - All students must complete Student Loan Entrance Counseling upon admission. Entrance Counseling may be completed online at www.studentloans.gov
Students and/or their parents are strongly encouraged to utilize the IRS Data Retrieval Tool (DRT) within the FAFSA to import their Federal tax information. This will often prevent a student from being selected for verification that will require we collect a Federal tax transcript from the IRS. For more information, contact the SUM Office of Financial Aid at firstname.lastname@example.org.
Financial Aid Links
SUM Bible College’s FAFSA School Code is 037524
Helpful Federal Student Aid Videos
SUM Bible College and Theological Seminary is committed to helping you be successful while in school and after you have graduated. Our fivefold mission is to provide affordable education while helping you graduate with little to no debt. SUM provides generous aid to full-time undergraduate students by billing only for the first 10 credits per term up to 16.34 with the exception of billing for two Mardi Gras credits. Anything above 16.34 credits will be billed at $280/credit hour rate.
NCN District Scholarship
SUM Bible College and Theological Seminary is pleased to announce the NCN District Scholarship. This scholarship is available for NCN AG Senior Pastors for the full tuition of the first year of enrollment at SUM after Pell Grant.
Apply Today at: http://www.sum.edu/scholarship