Financial Aid Worksheet

Use this worksheet to estimate your amount due to Bethany after Financial Aid is applied, as a full-time student (at least 12 credits each semester) for the academic year. This worksheet provides an estimate of your costs; it is not an official statement of your final cost to attend Bethany, and may not include certain expenses.

If you have an amount due after financial aid, you must have a payment plan in place with the Bethany Business Office. If you have any questions, please call the Financial Aid Office at (507) 344-7307.

Budgeted Cost of Attendance

Bethany Lutheran College uses a budgeted cost of attendance (COA) to calculate a student's financial aid eligibility. It includes both Direct costs, actual charges billed by BLC, and Indirect costs, an estimate of costs that you may incur during the year. The budgeted COA is an estimate of what an average student can expect to pay for their education related expenses each year. Students will want to include both Direct and Indirect Costs in their personal budget. The total amount of financial aid offered to a student, including all grants, scholarships, and loans cannot exceed the budgeted COA.

Indirect Costs: Although not billed by Bethany, you will want to include an amount for these items in your personal budget. Below is the amount that is included in your Bethany COA:

  • Books & Supplies: $800
  • Miscellaneous Personal Expenses: $2,000
  • Transportation: $300
  • Off-Campus – Food & Housing: $9,280
  • Living with Parents – Food & Housing: $4,680

Calculating your Estimated Final Cost:

Please use your financial aid information available on Net Partner when entering the amounts of grants and loans offered.

  • Meal plans: All students in Standard rooms will be on the Unlimited Meal Plan. Students in apartments (Edgewood, Gullixson, or Larson) will be on the 5-Meal Plan, approximately 88 meals per semester, but may upgrade to Unlimited.
  • Private Music Lessons: Cost is $. per credit per semester.
  • Tuition Overload: Students taking more than 17 credits in a semester will be charged an additional $. per credit per semester.
  • Minnesota State Grant recipients: You must be registered for at least 15 credits to receive the full grant amount. For each credit under 15, the grant will be reduced. To find out the extent of the reduction, please contact the Financial Aid Office.
  • Work study: Do not include work study amounts on this worksheet.
  • Loan fees: The current fee for Federal Student loans is %, and the fee for Federal PLUS loans is %. This fee is charged by the loan originators and is deducted from your loan amount.

This worksheet shows an estimate your amount due to Bethany after Financial Aid is applied for the academic year as a full time student. It provides an estimate of your costs; it is not an official statement of your final cost to attend Bethany, and may not include certain expenses. If you have an amount due after financial aid, you must have a payment plan (blc.edu/payment-plans) in place with the Bethany Business Office (blc.edu/business-office).

Residency and Dining:
Parking Permit:
Private Music Lessons:
Fall semester:
Spring semester:
Overload Tuition:
Fall semester:
Spring semester:
Military Education Benefits:
Learn more here.
Questions? Laura Murray, Bethany School Certifying Official.

Financial Aid Worksheet

Direct Costs are the actual charges payable to Bethany.
 
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Cost for credits above 17 in any semester.
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Covers Student Senate campus activities, fine arts and sporting events, health services, counseling services, student publications (other than yearbooks), student lounge use, and computer lab use.
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This fee will not be charged to the student's account. Parking Permits must be purchased at the Business Office.
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The Total Estimated Direct Cost is the sum of charges paid directly to Bethany.
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For these four rows, enter values from your financial aid offer on Net Partner.
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The sum of scholarships and grants you entered from your financial aid offer on Net Partner.
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Estimated cost less Grants & Scholarships
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For these rows, enter values from your financial aid offer on Net Partner. Federal Student Loan fees are calculated automatically
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Total amount you will borrow.
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Loans less estimated fees. This is the amount the loans will reduce your Bethany account balance.
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The sum of all financial aid you have Accepted, minus any Loan Fees. This is the amount that will be used to pay your direct costs to Bethany.

If you Accept financial aid greater than your direct costs to Bethany, you may request a refund from the Business Office, once all of your aid has been disbursed.
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Estimated out-of-pocket cost to attend Bethany after receiving grants and loans.

Amounts shown on this page are estimates and are based on inputs entered; this page is not an official statement of your final cost to attend Bethany, and may not include certain expenses. If you have any questions, please call the Financial Aid Office at (507) 344-7307.