Financial Aid
The financial aid programs offer assistance to students in the form of scholarships, grants and loans. Scholarships are awarded based on academic abilities, leadership potential, and character. Grants and loans are awarded based on both merit and financial need.

Merit Eligibility
Institutional financial aid awards are made on a semester-by-semester basis. Two summer or two part time sessions of the same academic year are considered a semester for the purposes of awarding financial aid. Although the award may be reported to the student in terms of a complete academic year, the award may be reduced or lost at a semester break due to poor academic performance on the part of the student. Once financial aid has been lost, students must go unaided for the next regular semester before they can again become eligible to receive aid.

Any student who has been readmitted to the college after academic suspension is admitted on academic probation and is eligible for only 50% of the aid for which he or she would otherwise be eligible. Full eligibility can be earned only when the student is removed from academic probation.

Financial Aid Awards

The King’s College Scholarships and Grants
Scholarships and grants are awarded in order to allow promising students the opportunity to focus more fully on academic pursuits. Thus all grants and scholarships are given with the expectation of high standards of academic achievement. All scholarships, awards, and grants given by The King’s College have minimum semester grade point average requirements. Some scholarships may have additional special guidelines, and winners may be selected through a competition and/or application process.

Most scholarships, awards, and grants are renewable, provided the stated minimum semester grade point average is maintained and the stated number of credits is successfully completed (passed). At the completion of each semester, the student’s semester grade point average and number of credits passed during the previous semester are used to determine eligibility for financial aid for the coming semester. Should the student’s semester GPA or number of credits completed drop below the standard for the award he is receiving, he will have the subsequent semester in which to earn a semester GPA of the required level and to complete the required number of credits for that semester. Should this not occur, that source of financial aid will not be awarded for the subsequent semester. After a semester without aid, the student may reapply for financial aid.

The following is a list of available scholarships and grants at The King’s College: All references to GPA’s are to the GPA of the most recently completed semester.

The Founders’ Scholarship of $10,000 per year is one of the top scholarships at The King’s College. The King’s College awards up to six renewable scholarships each year for incoming freshmen who embody the combination of leadership and academic skills that the college highly values. The scholarship is awarded through a competitive process that includes essay and presentation components. Student must maintain a minimum 3.0 GPA and successfully complete 12 credits each semester.

The Presidential Scholarship of up to $7,500 per year is awarded to incoming freshmen who meet eligibility guidelines listed in the Financial Aid Brochure. Students must maintain a grade point average of 3.5 or above and successfully complete 12 credits each semester in order to maintain scholarship for all four years.

The King’s Grant is awarded to matriculated students enrolled at least part-time, based on a combination of financial need and merit. Student must maintain a minimum 2.0 GPA and successfully complete at least 6 credits each semester. Eligibility for The King's Grant is normally limited to 8 terms of full-time or 12 terms of part-time study for undergraduate students.

The King’s Choice Award is a $1,500 one-time award applied over two consecutive semesters. It is a non-renewable, early-decision scholarship that is contingent upon the date of matriculation.

Fox Trust Scholarship of up to $1,500 per semester is awarded to students who are pursuing a religious vocation. The Board of Trustees will release names of recipients to the news media. Student must maintain a minimum 2.5 GPA and successfully complete 12 credits each semester.

Northeastern Bible College Scholarship of $1,000 per semester is awarded to students majoring in or planning to major in the majors that were offered at the Northeastern Bible College. Student must maintain a minimum 2.5 GPA and successfully complete 12 credits each semester.

Other Aid

New York State Tuition Assistance Program (TAP) provides grants to full-time matriculated New York State residents if the family meets financial requirements set by New York State Higher Education Services Corporation. A separate application is required to apply. TAP applications are available at the Office of Financial Services. See the TAP satisfactory performance schedule at www.hesc.com.

Veterans Affairs’ Education Benefits are available to eligible veterans and dependents from the Department of Veterans Affairs. Benefits are paid directly to the students. Call 1-888-442-4551 or visit the web at www.va.gov/education for information.

Outside Awards may be available to students from a variety of outside sources. These include awards sponsored by secondary schools, civic organizations, parental employers and private companies. The scholarships received from outside sources will not reduce eligibility for any of the above grants and scholarships.

Student Loans - With the goal of ensuring that an education at The King’s College is affordable for all students, The King’s College offers the King’s GATE Universal Loan. This loan, named for “Guaranteed Access to Education," is offered in conjunction with Bank of America as Lender and First Marblehead as Program Manager. Its simplicity, affordability and terms make it a highly competitive and widely available private loan; one which can offset needs not met with endowment resources or other forms of financing.

Here are some other highlights of the program:

• Repayment begins six months after you leave college.
• Deferrals for graduate school.
• No payments while enrolled at King’s.
• You choose the repayment schedule (i.e. 10 year or 20 year).
• No pre-payment penalty.

Student Employment
All students who receive financial aid from The King’s College are expected to have a part-time job to help meet the cost of their education. Employment opportunities in New York City are numerous. Because of its ideal location in the heart of midtown Manhattan, The King’s College offers close proximity to many work environments, which makes combining employment with furthering one’s education possible.

The King’s College offers a variety of on-campus employment opportunities. Student work opportunities are posted in the lower lobby and are filled based upon a combination of a student’s need and qualifications for the opening. Students on Academic Probation are not allowed to work on campus more than 5 hours a week. Further details concerning guidelines for employment at King's are outlined in the Student Employment Handbook.

How to Apply for Financial Aid
The King’s College does not participate in federal financial aid programs and therefore students do not need to file the FAFSA form in order to receive the King’s Grant or the Tuition Assistance Program (TAP) award. Instead, students need to complete the College Board Profile online

(http://profileonline.collegboard.com). The application is also available in the Office of Financial Services.
New York State residents must file a TAP application in order to be considered for King’s financial aid, unless they have used their entire TAP eligibility. Copies of the student’s and parents’ previous year federal income tax returns (including W-2’s and schedules) are also needed to support the information presented in the College Board Profile. Students may be asked to submit other official documents depending on their financial circumstances.

Students must reapply every academic year in order to continue to receive financial aid.

The application form and the required documents are due on the following dates:

Completed applications will be evaluated in-house, and the award amount will be determined on the basis of the submitted documents and the availability of funds. Financial aid is awarded based on financial need and academic abilities, leadership potential, and character. Financial need is determined through the information reported in the College Board Profile and supporting documents. Students will be notified of financial aid awards with their acceptance letter.