HOURS
8:00 am – 12:00 pm EST
1:00 pm – 5:00 pm EST
PHONE
585-582-8245
EMAIL
financialaid@elim.edu
FAX
585-582-8130
Institutional financial aid is awarded based on the information provided from a student’s Free Application for Federal Student Aid (FAFSA) for U.S. students. All Institutional Aid is intended to be used as a supplement to state and federal financial aid. Any Institutional Aid given to students cannot exceed their total bill minus the Reservation Deposit.
Financial aid awards are subject to adjustments or cancellations due to changes that include, but are not limited to, a student’s financial situation, enrollment status; or residency status. Institutional financial aid includes campus employment, and scholarships. Financial Aid is awarded based on a student’s need and it is only applied to tuition, room and board.
Academic Scholarship:
*Cumulative college GPA must represent at least two years of study. If less than three years of study have been completed, the high school GPA will be used when evaluating eligibility.
**Academic scholarship will be awarded for each consecutive year contingent on full-time enrollment and cumulative EBIC GPA of 3.5 or higher. If any of these criteria are not met, the student will lose academic scholarship eligibility for their remaining enrollment at EBIC.
In order to secure Institutional Financial Aid Awards, a student will need to pay the non-refundable Reservation Deposit as reference in Elim’s Financial Aid Deadlines and Violations Policy. If the payment is not received by the deadlines listed in the Policy, any Institutional Aid awarded may be revoked.
Wages will be applied directly to the student’s bill, and all awarded hours must be worked in order to receive the full award/package value.
A student may lose their Campus Employment position and therefore, forfeit that portion of their financial aid package for a semester if a student:
If a student fails to meet minimum performance standards (evaluated by their supervisor), is often tardy and/or misses their scheduled shift, their Campus Employment supervisor will address the issue with the student verbally.
If another such incident occurs, the Supervisor will schedule a meeting with the student. At such a meeting, an Employee Incident Report will be filled out by the supervisor and signed by the student. After three such incidences, a student’s Campus Employment will be reduced or removed for that semester. It may also be reduced or removed for the following semester. All written warnings and suspensions/terminations will be filed with the Campus Employment Coordinator.
If a student does not show up to these meetings, their Campus Employment may be suspended until they meet with their supervisor.
Suspension, missed shifts, incomplete paperwork and/or failure to complete all assigned work hours may result in the loss of Campus Employment hours missed during that time.
Should a student withdraw or be required to withdraw before a semester is over, their aid package may be reduced or cancelled. If the student fails to properly withdraw they may lose their Institutional financial aid. Please reference the Withdraw Policy for details on how to properly withdraw.
Only Work-Study hours that have been worked prior to a student’s withdrawal will be awarded to their account. Any unearned Work-Study will be cancelled.
Cash refunds will not be issued for credit balances resulting from Institutional Financial Aid.* If the student does not complete their program or withdraws from EBI&C and has a credit on their account and has Institutional financial aid, these credits will be reduced to bring the students balance to $0.
If a student’s account balance is $0 and they have Work-Study hours yet to be worked, Elim reserves the right to cancel their remaining Work-study hours in order to prevent a credit balance from accumulating, based on Elim’s need.
*If a credit due to worked Work-Study hours accumulates on a student’s account
If a student wishes to appeal for a change in their Financial Aid package, they will need to email their request to the Financial Aid Officer.
The Financial Aid Officer will then bring the student’s appeal to the Financial Aid Office Supervisor, who will decide on the appeal’s outcome.
If a student desires to decline any portion of their Financial Aid Package after accepting the aid, they will need to email their request to the Financial Aid Officer.
The Financial Aid Officer will contact the Campus Employment Coordinator—if Campus Employment is being declined—and verify that the student’s position has been filled. If the Campus Employment Coordinator releases the student from their Campus Employment, the Financial Aid Officer will decline the student’s aid as requested.
For U.S. citizens and eligible non-citizens, filling out the application for Federal Student Aid (FAFSA) is a critical first step in determining your eligibility for federal aid as well as institutional aid.
The loans offered at Elim Bible Institute and College are the following Federal loans: Direct Subsidized Loans, Direct Unsubsidized Loans, and PLUS Loans. A student loan is money borrowed that will have to be paid back with interest.
Complete a Master Promissory Note (MPN). This must be completed by all first-time borrowers before loans are disbursed. Upon graduation, withdrawal or decreasing enrollment to below half-time, students who take out a loan must complete Exit Counseling on the Federal Student Aid website. After Exit Counseling is completed, student then meet with the Financial Aid Officer to review loan repayment information.
For U.S. citizens and eligible non-citizens, filling out the application for Federal Student Aid (FAFSA) is a critical first step in determining your eligibility for federal aid as well as institutional aid.
Institutional Aid is awarded based on a student’s financial need and on a first-come, first served basis. We cannot guarantee the availability of Institutional Aid for Financial Applications received after Financial Deadlines. Institutional Aid does not apply to fees or any direct costs to EBIC such as room and board costs while at the NYSUM internship in New York City.
7245 College St., Lima, NY 14485 © 2024 Elim Bible Institute and College. All rights reserved.
7245 College Street
Lima, NY 14485
585 582 1230