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FINANCING YOUR EDUCATION The
Real Cost of Education Employment
Opportunities Sample
Budget Financial
Aid Tuition
Benefits Government
Student Loans
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Financial Aid In order to be eligible for financial aid from Regent, a student must be officially admitted to the College by the Admissions Office before the financial aid application deadline (see below; note that applications for both admission and financial aid may be submitted at the same time); also, he or she must not be on academic probation (see the Academic Information section of the Academic Catalogue). The funds from scholarships and bursaries (i.e., grants) may only be used toward the tuition for on-campus courses taken for credit. Students should also be aware that these funds should be declared as taxable income when filing their income tax. All non-Canadian students should apply for a Social Insurance Number (S.I.N.) upon arrival in order to receive tuition receipts for tax purposes. Note: Financial Aid money cannot be used to pay: 1) other fees; 2) tuition for audio correspondence courses; 3) tuition for audited courses. Any unused funds at the end of the academic year revert to the College. ACADEMIC ENTRANCE SCHOLARSHIPSApplication Deadlines: Qualifications: GPA of 3.8 or higher. Limited to first-year students only. Benefit: Tuition payment up to a maximum of 30 credits for full scholarship. Regent College offers a limited number of Academic Entrance Scholarships to new students with a GPA of at least 3.8 on a scale of 4.0. These scholarships cover between one-half and full tuition fees (up to 30 credits) for the first year of studies. Those interested in applying should request an Academic Scholarship Application form. Applicants should also submit a Financial Aid Application, an additional academic reference to supplement the Admissions references, and a two-page essay outlining their study and career goals (this is in addition to the personal statement required for admission to the College; see Admissions / Application Requirements); applicants are also encouraged to submit the General Bursary Application (see below). GEOGRAPHIC SCHOLARSHIPSApplication Deadlines: Qualifications: Demonstrated leadership potential. Citizenship in a country that is economically less advantaged. GPA of 3.0 or higher on a scale of 4.0. Benefit: Tuition and registration fees for one year (30 credits), with the possibility of renewal for a further two years (to a maximum of 60 credits over 36 months). NOTE: Recipients are responsible for all living expenses, textbooks and incidental fees, and thus will need to raise considerable additional support for their program at Regent College. Through Geographic Scholarships, Regent College seeks to invest in the theological education of people with proven leadership potential who come from areas of the world that are economically less advantaged. The College recognizes that those who may be uniquely gifted and strategically placed to have a significant impact for the kingdom of God often do not have access to the resources needed to study in North America. Our goal when providing Geographic Scholarships is that these students will return to their home countries after their studies, equipped to more effectively serve, teach and minister. Along with the Geographic Scholarship application and financial needs assessment forms, candidates must meet the following requirements:
Further details of these requirements are available upon request. BURSARY PROGRAMApplication Deadlines: Qualifications: Financial need. Students must complete a minimum of 9 on-campus credits per term (audio correspondence credits do not qualify). Benefit: typically between $1,000 and $2,500. The amount of support that students receive each year may increase or decrease depending on available funds and the number of bursary applicants. Bursary grants are awarded to students on the basis of demonstrated, reasonable financial need. New and returning students are encouraged to apply, regardless of nationality. Bursary grants are not intended to cover the students’ complete educational cost, but to supplement their own resources. Applicants should demonstrate that they have planned well for financing their education and for ensuring a reasonable standard of living. These grants are for tuition only and will be credited directly to the student’s account, half in the Fall Term and half in the Winter Term. Students are responsible for all additional expenses such as remaining tuition and fees, books, travel and living expenses. An application for financial aid must be made each year since bursary awards are not automatically renewed. ENDOWMENT SCHOLARSHIPS AND AWARDSApplication Deadlines: Qualifications & Benefits: Specific to each scholarship and award; details available with the Financial Aid Application. Students must complete a minimum of 9 on-campus credits in each term (audio correspondence credits do not qualify). Several endowment scholarships and awards are available to students who have a demonstrated financial need and who meet the specific scholarship requirements. Students may apply for these scholarships by completing the Endowment Scholarship section of the Financial Aid Application. Please note that only the recipients will be notified of an award as it is not possible to reply to every applicant. EXTERNAL AWARDS & SCHOLARSHIPSAn External Award is a donation from outside the College given to cover some or all of the tuition and fees of a specific student. Any individual or organization can pay support directly into a student’s account; these funds will be used for tuition and fees only unless otherwise specified in writing by the donor. Cheques should be made out to Regent College with an accompanying letter identifying the student to receive the support. Such donations are not tax deductible; however, non-designated donations to the College are tax deductible. Students receiving support from an organization are required to declare this as income for tax purposes. Donations from individuals are considered to be private gifts and do not need to be declared as income. Students are encouraged to investigate outside sources of financial support which might be available. As information is available, various scholarships will be advertised on the Financial Aid notice board at Regent. Students may also research scholarship sources through their local library. The Graduate Scholarship Book and The Directory of Financial Aid for Women are both good resources. Students with membership in churches belonging to the Baptist World Alliance are encouraged to contact Carey Theological College regarding financial assistance. Also, Koerner Library, on the UBC campus, has a large section on scholarship searches.
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Several forms of financial assistance are made available to students each year. The availability and policies of the following financial aid benefits are subject to change at any time. Changes will be posted on the Financial Aid Notice Board in the College and on this page. Application forms are available on the Regent website or may be requested from the Financial Aid Officer at the College.
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