Financial Aid & Scholarships

Financial Aid Department

8 am – 12 pm EST

1 pm – 5 pm EST

585 582 8245

585 582 8130

Our Commitment to You

We recognize the COVID-19 pandemic has affected every family in various ways. We have always been and will continue to be committed to providing impactful and affordable Christian education. Our cost of attendance continues to remain affordable and 100% of our full time students receive Financial Aid. No full-time student will pay more than $12,900 per year out of pocket.

Financial Aid Opportunities

We are committed to IMPACTFUL and AFFORDABLE Christian education! Our goal is to ensure that every student who desires to attend Bible college will not be held back because of finances. That is why 100% of full time Elim students will receive financial assistance. The financial information below will help you take steps forward. We invite you to contact our Financial Aid Office with any questions you have.

Types of Financial Aid

Federal aid

Aid provided by the United States Department of Education includes grants, federal work study (job on campus), and Veteran’s benefits. 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. EBIC also uses information from the FAFSA form to determine institutional aid. Please see below for additional information.

New York State assistance

Students who are residents of New York State may be eligible for need-based grants and other aid programs through the state.  A critical first step to determine eligibility for New York State aid is to fill out TAP and/or ETA forms. Please see below for additional information.

EBIC institutional aid

EBIC Institutional Aid is financial assistance that comes directly from the college and does not need to be paid back! Institutional Aid includes scholarships and campus employment. Please see below for additional information.

Federal loans

Elim Bible Institute and College offers a variety of federal loans. This is money that will need to be paid back with interest. Please see below for information on available loans.

Veteran's benefits

Elim Bible Institute and College is approved by the New York State Division of Veterans Affairs and Bureau of Veteran’s Education, for veterans and other eligible persons.

If you are eligible for Veteran Benefits, please contact the Financial Aid Department at financialaid@elim.edu.

For more information on Veteran’s Benefits please visit the following websites:
NY Department of Veteran Affairs
Veterans Outreach Center

International applicants

CANADIAN Students are  considered for EBIC Institutional Aid eligibility after completing a Canadian Income Verification form. If the student is a resident of Ontario, they will need to apply for OSAP. For questions about the OSAP process, please contact the Financial Aid Office at financialaid@elim.edu.

All Other International Students: There are additional costs and requirements for international applicants. Please click here to learn more.

Federal Aid (FAFSA)​

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.

Note: The FAFSA school code for Elim Bible Institute and College is 042514.

The Free Application for Federal Student Aid (FAFSA)* is an Application used to apply for Federal Aid. This Application must be completed in order for students (not including International students) to apply for Federal, State, or Institutional Aid.

Step 1
Create an FSA ID (a dependent student’s parent must create an FSA ID, as well).
Watch this short tutorial on how to get started (FAFSA and FSA ID Tips for Parents). Encourage your parents to watch it as well.

Step 2
Complete the FAFSA. On the upcoming year’s FAFSA, the student/parent(s) will report their prior-prior year income and tax information.

Step 3
Complete the Online Interview on Elim’s Virtual Financial Aid Office site.

Step 4
Complete and upload Verification Paperwork to Elim’s Virtual Financial Aid Office under the Forms & Documents tab. Students are emailed if Verification Documents are required.

New York State Assistance

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.

Note: The TAP school code for Elim Bible Institute and College is 0580.

The New York State Tuition Assistance Program (TAP) is a state-funded grant available to eligible New York residents, to assist them in paying their tuition. Recipients of this grant must be a full-time student enrolled in the YIS or AAS programs.

HOW TO APPLY


ELIGIBILITY

To be eligible for TAP an applicant/student must:

  • Be a legal resident of NYS and have resided in NYS for 12 continuous months
  • Be a U.S. citizen or eligible noncitizen
    Have graduated from high school in the United States with a high school diploma or earned a high school equivalency diploma by passing the Test Assessing Secondary Completion (TASC) formally known as a GED
  • Be enrolled full-time in either Elim’s Launch Program or AAS Program*
  • Meet income eligibility limitations
  • Be in good academic standing
  • Not be in default on any state or federal student loans and not be in default on any repayment of State awards
    *Credit-bearing courses in the student’s minimum full-time course load (12 semester hours or the equivalent) must consist of courses applicable to the student’s program of study as a general education requirement, major requirement, or elective.

EBIC Institutional Aid

Institutional Aid is awarded based on a student’s financial need and on a first come first serve basis. We cannot guarantee 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.

Please reference Elim’s Institutional Aid Policy for a complete list of terms and conditions.

Institutional Aid includes a combination of scholarships and/or campus employment.

CAMPUS EMPLOYMENT

Campus Employment funds earned through part-time employment on the Elim Campus.  Students awarded this position as part of their Institutional Financial Aid are typically awarded between 60 to 150 hours for one semester at the prevailing student wage. For more information, visit our Campus Employment page.

CHURCH-MATCH SCHOLARSHIPS

EBIC will match the support from your church up to $1000.

ENDOWED SCHOLARSHIPS

Elim Bible Institute and College has several endowed scholarships which are made possible through generous donations from alumni, family, and friends who support Elim’s mission. For more information, see the Endowed Scholarships tab above.

RA SCHOLARSHIP

Students who are selected for the position of RA are awarded $1,000 per academic year.

PASTORS AND MISSIONARIES SCHOLARSHIPS

Scholarships for pastors and missionaries or dependents of pastors and missionaries up to 24
years old per academic year:

Elim Fellowship-affiliated organizations: $1200
Organizations or churches NOT affiliated with EF: $800

STUDENT SPOUSE DISCOUNT

Applicable to full-time students only a spouse will receive 50% tuition reduction for one course. If taking more than 3 credits there will be a 25% tuition reduction.

SIBLING DISCOUNT SCHOLARSHIP

Applicable to full-time students only, each sibling will receive a $1000 per academic year.

Alumni Discount Scholarship (does not apply to audit courses)

Discounts for EBIC alumni who completed an Elim certificate or degree program and their dependents.

Alumni receive 50% discount for one course per academic year
Applicable to full-time dependents only: receive $1000 per academic year

Federal Loans

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.

A loan available to graduate students and parents of dependent undergraduate students for which the borrower is fully responsible for paying the interest regardless of the loan status.

Here’s a quick overview of Direct PLUS Loans:

  • The U.S. Department of Education is your lender.
  • You must not have an adverse credit history.
  • The maximum loan amount is the cost of attendance (determined by the school) minus any other financial aid received.

For more information, visit the PLUS Loans page of the Federal Student Aid website.

Note on Loans: As a student or parent borrower, your Federal loan information is submitted to the National Student Loan Data System (NSLDS), and will be accessible by guaranty agencies, lenders, and schools determined to be authorized users of the data system.