Financial Aid
Reach your educational goals with financial aid.
How to Apply for financial aid, scholarships, and veterans and military service members benefits
Here at the College of Biblical Studies part of our mission to our students is we see every student as an individual with dreams, goals and needs that are unique and special to them. We are here to help our students to make their dreams a reality and help prepare them to answer God’s call to serve. It’s all about real people with real dreams! We are here for you!!!
Apply for Financial Aid – Please make sure to complete the Admission Process
Financial Aid Information
Federal Financial Aid
- Federal Loans: Student loans offered through government funding through the Department of Education. Federal student loans typically offer low interest rates and generous repayment terms.
- Federal Grants: Federal grants offered through government funding through the Department of Education includes Federal Pell Grant and Federal Supplemental Education Opportunity Grant (FSEOG).
State Financial Aid
- Texas:
- The Texas Tuition Equalization Grant (TEG) is a state‑funded grant program that may assist eligible Texas residents with tuition at private, nonprofit colleges and universities in Texas. To be considered, students must be enrolled in a minimum of 9 credit hours and complete the FAFSA or TASFA. Eligibility and award amounts are determined in accordance with state law and regulations, institutional policies, and available appropriations. TEG funding is limited, and awards are not guaranteed, even for students who meet basic eligibility requirements. Continued eligibility is subject to annual review and compliance with state and institutional requirements.
- Indiana:
- State Financial Aid (Indiana Residents Only)
The Frank O’Bannon Grant, which includes the Higher Education Award and the Freedom of Choice Award, is Indiana’s primary need-based financial aid program. It is designed to provide access for Hoosier students to attend eligible public, private and proprietary colleges and universities. Eligibility is based on a student’s FAFSA, and the grant may be used toward tuition and regularly assessed fees.
- State Financial Aid (Indiana Residents Only)
Institutional Aid / Scholarships
Net Price Calculator
Click here to access the calculator which is intended to provide estimated net price information.
Return of Institutional Aid and Scholarships:
Institutional aid (i.e. Mays scholarships) are awarded based on financial need. If any student withdraws from the College or reduces the number of hours during the course of the term, his/her awards will be adjusted accordingly, and as a result, he/she may owe the institution. CBS does not refund institutional aid or May scholarships to students.
For more information, contact the Office of Financial Services as follows:
Houston: 832-252-0710 | Email: fa@cbshouston.edu
Indiana: 317-789-8255 | Email: fa@cbshouston.ed
References and federal updates
Financial Services Handbook
References of FAFSA
Having trouble completing the FAFSA? Please watch the video below:
How to Fill Out the Free Application for Federal Student Aid (FAFSA®) Form – YouTube
• Information About Federal Student Loan Interest Rates
- Special Circumstances include changes in financial situations. Examples include (but are not limited to) loss or reduction in employment; student/parent becomes divorced, separated, or widowed; or one time increase in income due to IRA distribution, pension withdrawal, or something similar.
- Unusual Circumstances include student situations that justify a financial aid administrator making an adjustment to the student’s dependency status such as (but not limited to) parental abuse or abandonment, being an unaccompanied homeless youth, being a victim of human trafficking.