Graduate Program Financial Aid
Financial aid is money to help pay for college. Assistance can come from the U.S. federal government, the state government, Bethel University, or a nonprofit or private organization.
Graduate students seeking federal student aid should file a free application through FASFA. Just go to the FAFSA website to find an application and learn more about what you’ll need. We recommend you contact Bethel University's Financial Aid office to learn the best methods to get the aid you need.
FAFSA SCHOOL CODE: 003480
Understanding Financial Aid
We realize that financial aid can be confusing. Here we offer you the basics to help you find the information you need to help fund your education.
Types of Financial Aid
There are three basic types of financial aid: grants/scholarships, loans, and work-study programs.
Grants & Scholarships
Grants and scholarships are often called “gift aid” because they don’t have to be repaid. Grants can come from a variety of different locations, most commonly the federal and state governments. There are thousands of scholarships, from all kinds of organizations. Below are just a few examples of the grants and scholarships available.
- Federal Pell Grants
- Federal Supplemental Educational Opportunity Grants (FSEOG)
- Iraq and Afghanistan Service Grants
- Subsidized Federal Direct Loan
- Unsubsidized Federal Direct Loan
- Federal Parent Plus Loan Program
- Tennessee State Assistance Corporation Grant* (TSAC)
- Tennessee Educational Lottery Scholarship* (TELS or HOPE)
- Tennessee Reconnect
- Tennessee Student Assistance Award
Vocational Rehabilitation Grants
- These grants are made through the Department of Human Services for students who have some type of disability. Contact the local office of the Department of Human Services for more details.
Workforce Investment Act Grant
- This grant is for recently unemployed adult students. The student should contact the local Department of Employment Services in their county for more information.
*Only available to Tennessee residents
You may be eligible to receive student loans based on your financial need. Loans fall into five basic categories:
Complete your annual FAFSA paperwork to determine which type of loan is best for you. Your Bethel Financial Aid Counselor will help you with this step.
Federal Work-Study provides part-time jobs for undergraduate and graduate students with financial need, allowing them to earn money to help pay education expenses. The program encourages community service work and work related to the student’s course of study. Visit the Federal Student Aid website for more details.
Helpful Financial Aid Websites
Financial Aid Information
Student Loan Information
- Direct Loans (MPN, Entrance and Exit Counseling)
- Direct Loan Consolidation
- Direct Loan Servicing
- Loan Forgiveness for Public Service Employees
- Loan Forgiveness for Teachers
- National Student Loan Data System (NSLDS)
Tennessee Grants and Scholarships
Need-Based vs. Non-Need-Based
Each of these types of financial aid assistance is split into two categories: Need-Based and Non-Need-Based. The type of financial aid a student receives is figured by the cost of attendance and their Expected Family Contribution (EFC) as determined by the student’s FAFSA.
- These loans are not available for graduate students.
- Unsubsidized Federal Direct Loans
- Federal Direct Grad Plus Loan Program
Financial Aid Assistance Information
Information concerning Financial Aid Assistance can be found on this page, and in the Current School Catalog, or the program the student is currently attending or planning to attend. The information includes but is not limited to:
- The description of all the Federal, State, local, private and institutional student financial assistance programs available to students who enroll at the school.
- Need-based and non-need-based federal financial aid that is available to students (the school may describe its financial assistance programs by listing them in general categories).
- The terms and conditions under which students receive Federal Direct Loans and Perkins Loans;
- The procedures and forms by which students apply for assistance.
- The criteria for selecting recipients from the group of eligible applicants.
- The criteria for determining the amount of a student’s award.
The school must describe the rights and responsibilities of students receiving financial assistance and, specifically, assistance under Title IV, HEA programs. This description must include specific information regarding:
- Criteria for continued student eligibility under each program.
- Standards which the student must maintain in order to be considered to be making satisfactory progress in his or her course of student for the purpose of receiving financial assistance.
- Criteria by which the student who has failed to maintain satisfactory progress may re-establish his or her eligibility for financial assistance.
- The method by which financial assistance disbursements will be made to the students and the frequency of those disbursements.
- The terms of any loan received by a student as part of the student’s financial assistance package, a sample loan repayment schedule for sample loans and the necessity for repaying loans.
- The titles of persons designated to assist enrolled or prospective students in obtaining financial aid information, school information, information on completion or graduation rates and school security policies and crime statistics (and how and where those persons may be contacted).