Financial Aid Information
All students requesting financial aid must submit a completed Free Application for Federal Student Aid (FAFSA), click here to read instructions on how to fill out the FAFSA. Completion of the FAFSA gives Charlotte Christian College and Theological Seminary (CCCTS) an impartial evaluation of the applicant's financial need and submits the information to the Department of Education for determination of federal eligibility. All students applying for any federal or need-based CCCTS aid will be required to complete a FAFSA unless disqualified due to citizenship. Non-citizen applicants are not eligible for federal aid and should contact the Financial Aid Office for financial aid application information. No funds will be awarded until CCCTS has received a valid FAFSA, Master Promissory Note, Entrance Counseling Confirmation and the student has been admitted to the seminary.
Priority System and Deadlines
Institutional financial aid funds are available only in limited amounts. Applications are due as soon as possible after January 1st. Priority will be given to eligible students who have completed the application process by the priority deadline of April 1st. Students completing the application process after April lst will be offered financial assistance based on funds available, according to the date on which their applications are completed.
- A student must be accepted for enrollment at the Seminary before an offer of financial assistance is made.
- Enrollment status: In order to qualify for most federal or institutional aid, a student must be enrolled at least half-time (six credit hours) for the Undergraduate program or two courses for the Masters program. Some aid programs require full-time status.
- In order to qualify for Title IV funds, a student must be enrolled in a program leading to at least an Associate’s degree.
- Citizen/Eligible Non-Citizen - You must be one of the following to receive federal student aid:
- U.S. citizen
- U.S. national
- Eligible non-citizen
- A student will not qualify for federal (Title IV) aid if he/she is in default status on any federal loan or owes a refund on grants previously received.
- Any student receiving financial aid must maintain satisfactory academic progress (SAP) in
- the course of study being pursued, as defined by the institution.
- Need-based federal aid is awarded on the basis of demonstrated financial need. Need analysis is performed using the information on the FAFSA.
- At no time may a student receive need-based aid in excess of his or her demonstrated need determined after considering all other resources available. Generally, need is defined as the difference between the cost of attending CCCTS and the amount the student and his or her parents or spouse can reasonably be expected to contribute (including summer savings and earnings).
- Financial assistance awarded through CCCTS may be revoked at any time if there is evidence that the conditions of need and merit are not as represented in the original financial aid application, or should the student fail to meet the published requirements.
- All federal assistance offered is subject to the receipt and availability of Title IV funds by the institution.
- An award of aid does not imply any obligation or commitment on the part of CCCTS to continue to award beyond the period stated in the award letter.
- Students may only receive federal aid from one school at a time, even if attending two schools simultaneously.
- Regulations governing federal student aid programs are subject to change. Special student circumstances may influence a student's eligibility for aid. If you have questions, contact CCCTS's Financial Aid Office for clarification of any special situations that could affect your eligibility.
To determine whether a student is dependent or independent, Charlotte Christian College and Theological Seminary uses the following definition established by the U.S. Department of Education:
A student is automatically considered dependent unless he/she:
- is 24 years old by Jan. 1 of the award year (e.g., for the 2012-2013 school year the student’s birth date would have to be prior to Jan. 1, 1988).
- is a veteran of the U.S. Armed Forces.
- is pursuing a graduate or professional degree.
- is married at the time of application.
- is an orphan or was a ward of the court until age 18.
- has qualified legal dependents other than a spouse.
Along with Federal Financial Aid that includes the Pell and Student Educational Opportunity Grants, Stafford Subsidized and Unsubsidized Loans there are other funds available for students to apply for. Once accepted at CCCTS you are eligible to apply for numerous grants and scholarships through the Financial Aid Office that are funded by friends of CCCTS and through generous donations. There are also opportunities in the community such as your local church, businesses, industries and local clubs (Rotary, Kiwanis, and Lions) that may be interested in assisting you with your educational tuition.
CCCTS also recognizes our Veterans and does accept VA Benefits and is a participant in the Yellow Ribbon Program for those that are eligible, see the Financial Aid Office for more information.
All Federal and Institutional monies awarded to each student will be deposited directly into an account set up with Wells Fargo Bank. The applications for Direct Deposit are available in the Financial Aid and Registrar’s Office. All applications are to be turned into the Business or Registrar’s Office for processing. CCCTS does not issue checks or give cash to its students.
The institution offers a Monthly Payment Plan (MPP) for qualifying students. This is a method to finance your education, interest free, one semester at a time. Students unable to pay their tuition in advance and requiring the institution's assistance through the MPP must pay in advance a MPP Application Fee of $45.00 plus forty percent (40%) of tuition at the time of applying for MPP. If you choose the MPP, your payments will be thirty percent (30%) of the tuition for the semester per month. All payments are due by the 1st of each month. For example: a full time undergraduate student owing $3115 would pay
2012 - 2013
Down payment (40%) $1246.00 plus MPP Fee $45.00 = $1291
First Payment (30%) $ 934.50
Second Payment (30%) $ 934.50
The MPP fee plus 40% down payment is due on the following schedule:
- Fall Semester - August 1
- Spring Semester - January 2
- Summer Semester - April 1
MPP is not available for first year students without a credit check. MPP is not available for international students until the second year.
MPP is only available to students who have honored prior agreements and are paying as agreed. Students not current on their MPP will be pulled from classes during the eleventh week and not permitted to complete the semester.
All accounts with unpaid past due balances will be assessed a 20.00 late fee by the tenth of each month. However, if payments are made on account by the tenth of each month, no late fee will apply. Student accounts that are not paid will be turned over to a third party collection agency and listed on the student's credit report.
For further information regarding financial aid at Charlotte Christian College and Theological Seminary, please contact us!
Charlotte Christian College and Theological Seminary
Financial Aid Officer
PO Box 790106
Charlotte, NC 28206-7901
Phone: 704-334-6882 (x114)