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Financial Aid


Financial Aid at Southeastern

Students of The College at Southeastern may be eligible for a variety of institutional, private, and governmental sources of financial aid. Southeastern’s institutional aid includes all of its various in-house funds. Private scholarships include funds that may be available to Southeastern students from external entities. Financial aid through the Government is available from state and federal programs. Students should also pursue and apply for as many other private scholarships, for which they may be eligible. See below for further information.

Due to the generosity of commissioning churches within the SBC, Southeastern is able to provide a substantial amount of financial aid funding to its students who are members of SBC churches. This amount is equivalent to 50% of what a student would normally pay for tuition and fees.

Institutional scholarship awards are committee-recommended and are based on a variety of parameters such as need, merit, donor specifications, consideration of other awarded aid, and the availability of funds. To see the requirements for financial aid, see our eligibility standards for Institutional aid.

  1. In order to be eligible for financial aid at Southeastern, all college students are required to complete both the Standard Financial Aid Application as well as the Free Application for Federal Student Aid (FAFSA®)
  2. Your SEBTS Financial Aid application will not be considered complete until we receive your FAFSA®. At the end of the FAFSA®, you will select Southeastern to receive a copy of your FAFSA®, and we will be sent this information. Our school code is G02963. You do not need to notify us that you have completed the FAFSA®
  3. Southeastern’s Standard Financial Aid Application is open to any prospective or current student in any degree program during the Application Periods listed below. Student’s do not need to be accepted to the institution prior to completing the application. To be eligible for institutional financial aid, both the student’s FAFSA® and Standard Financial Aid Application must be complete by the following deadline:
    1. December 18, 2020 - May 2, 2021 for the upcoming 2021-2022 academic year.
  4. Incoming students who are accepted to Southeastern past the deadlines may still be able to apply. For any questions, please contact our office.
  5. The Standard Financial Aid Application automatically applies the student for Southeastern’s General and Designated Scholarships. In addition, it may provide additional opportunities to apply for Southeastern’s Specialized Scholarships, which may also require answers to additional application questions.
  6. Along with the General, Designated, and Specialized scholarships mentioned above, Southeastern also processes a number of Missions-Related Scholarships. These are available to students involved in local and international missions.

Private scholarships at Southeastern can be divided into two categories, State-Specific and Additional scholarships. Students should be sure to read the criteria and pay attention to deadlines since these will vary for each individual scholarship. Please note that these lists are not exhaustive; these are simply the scholarships of which Southeastern is currently aware. We encourage students to research other scholarship opportunities for which they may be eligible.  If you have any questions or concerns about any of the scholarships, please contact the awarding organization.

State-Specific scholarships are opportunities that are specific to the student’s state of residence. To see a list of these scholarships and their contact information, visit our State Specific Scholarships page.

Additional scholarships are other private scholarship opportunities which are more general and not specific to a student’s state of residence. You can find a list of these scholarships by visiting our Additional Scholarships page.

Southeastern accepts the Pell Grant from the Federal Department of Education’s Federal Student Aid, as well as the Need-Based Scholarship from the North Carolina Department of Education. For students to be considered for either Federal Pell Grants or the North Carolina Need-Based Scholarship, they must complete the FAFSA® and select Southeastern Baptist Theological Seminary as their school of choice (School Code: G02963). Once the student has completed the FAFSA®, the Federal and State Governments will communicate the student’s eligibility directly to Southeastern. In order to keep this award, the student must maintain eligibility status based on making satisfactory academic progress. Furthermore, the student is required to submit all requested documentation for government mandated verification. Failure to submit the requested documentation will result in the student losing the award.

 

The FAFSA® opens each year on October 1 for the following academic year. Students are encouraged to submit their FAFSA® as soon as possible.

 

Furthermore, as noted above, to be considered for institutional aid, the student must complete the FAFSA®, along with the institution’s Standard Financial Aid Application, by January 31st.

Southeastern Baptist Theological Seminary (SEBTS) signed and returned the Certification and Agreement for Emergency Financial Aid Grants to Students under the Coronavirus Aid, Relief, and Economic Security (CARES) Act to the U.S. Department of Education on April 21, 2020. Southeastern Baptist Theological Seminary intends to use no less than 50 percent of the funds received under section 18004(a)(1) of the CARES Act to provide Emergency Financial Aid Grants to students.

SEBTS has received $500,000 from the Department of Education, $250,001 of which is reserved for student grants.

30 Day Report

As of May 20, 2020, SEBTS  has distributed $0 to provide CARES Act Emergency Grants to 0 students.

Eligible Students

Students must or can be Title IV eligible for consideration for CARES Act Emergency Grants. SEBTS uses the completion of the Free Application for Federal Student Aid (FAFSA®) to determine Title IV eligibility. We estimate that 392 students meet these requirements for the 2019-2020 academic year.

As of June 12, SEBTS has disbursed $97,700 to 96 students.

As of October 20th, SEBTS has disbursed $250,001 to 148 students.”

Method Used

The following information outlines SEBTS’ three-phase plan for disbursing the student portion of the Higher Education Emergency Relief Fund (HEERF). SEBTS will disburse the funds in three phases. On-campus undergraduate students were sent information notifying them that funds are available and instructions on how to access those funds on May 22, 2020. Students are required to complete an application in order for funds to be processed to them. Funds will only be released to students who have a FAFSA® on file with SEBTS. Awards will be granted on a first-come, first-serve basis. Once an award amount has been determined for a student, a check is sent to that student at the address indicated on the application.

Phase one will disburse $500 to every undergraduate student who had to move out of campus housing. These funds are to assist students with the costs associated with moving off campus such as gas, moving truck, airplane tickets, etc.

Phase two will disburse funds to students mainly based on enrollment status and Expected Family Contribution (however, other criteria such as marital status, number of dependents, dependents in college, SBC and non-SBC tuition rate, etc. may be considered in some cases). These funds are intended to help students with other expenses due to the disruption of campus operations such as purchasing additional books they could no longer access at the library, loss of access to Magnolia Kitchen, new or additional technology needs, etc. Funding in phase two will not necessarily cover all of the costs a student incurred but will provide a level of assistance.

Phase three is an if needed phase of awarding. In the event that not all funds were awarded in phases one and two, phase three will provide additional assistance to students who have already received funding in phases one and two. As those two phases may not have covered the entirety of a student’s costs associated with the disruption of campus operations, funds awarded in phase three would help cover any remaining miscellaneous charges. Awards in each phase can stack for students.

Student Instructions

Students were informed that in order to receive an award, they must fill out an application and have completed a FAFSA®. Applications will be accepted for approximately one month.

Quarterly Report