Welcome to the Finance section of our website. Here, you’ll be able to find information on Federal Student Aid, Word of Life Scholarships, Loans, and Other Helpful Links & Downloads related to the financial process. Make sure you pay attention to the details to ensure that you're getting all the benefits for which you qualify. Please note, Federal Student Aid and Word of Life Scholarship information only applies to the New York and Florida Bible Institute campuses. As always, please let us know if there is anything that we can do to help!

Ideal Financial Aid Timeline




FAFSA completed & WOLBI Scholarship Applications submitted



Verification process completed & optional loan application completed



Complete internet searches & local inquiries into scholarship opportunities



Initial fall semester school bill sent



Send in Payment Plan Form with first payment to complete Financial Check-in

Calculate the Cost

To help calculate the cost and determine your savings this Net Price Calculator has been generated using guidelines from the Department of Education. Information obtained in this calculator is from previous years schooling and is designed to give broad-based general information only. True financial aid estimates can be obtained by completing the financial aid process.

Go to the Calculator

Financial Aid Opportunities

This financial aid brochure will help walk you through the financial aid and scholarship application process.

Download the Financial Aid Brochure


Please Note: The FAFSA and Federal Student Aid is applicable for US Citizens attending the NY or FL campuses.

Our federal school code for FAFSA is 011859.

The Free Application for Federal Student Aid (FAFSA) is an important first step for your financial aid. The Financial Aid Office may request forms and documents that may be found here.


FAFSA Application

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Complete your FAFSA application online.

Don't forget to print a copy for your file.

FAFSA Application

Federal Student Aid PIN

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Get your Federal Student Aid PIN here.


Federal Tax Return Transcript

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You may be asked to provide a transcript of your Federal Tax Return to the Financial Aid Office, which must be requested from the IRS. You can download it here or request it from the IRS using the button below.

Request Your Tax Return


FAFSA Documents

Private School Tuition Validation Form


Download Tuition Form


The scholarships listed here are for our New York and Florida campuses only.

Supplemental Assistance Scholarships

This category of scholarship assistance is made possible through the generosity of donors desiring to make an investment in the lives of students by enabling them to benefit from a year of Bible study leading to personal growth and ministry impact. Funding is provided to meet exceptional needs, generally due to financial constraints that would prevent attendance at the Word of Life Bible Institute. The FAFSA is used to assess the family’s ability to meet the financial requirements of the school. All scholarship applications are reviewed for potential supplemental assistance eligibility.

Supplemental assistance is awarded in three potential categories:

  • The Legacy Grant provides assistance to eligible students from middle income families.
  • The Adopt-a-Student program provides general assistance to qualified students.
  • The Wyrtzen Scholarship provides assistance to students demonstrating outstanding Christian Character during their first semester.

Funds are limited so students should submit their applications early. Each of the above categories may have additional stipulations. Awards vary based on the needs of the student and range from $500 up to $2,500.

Wyrtzen Scholarship

Awarded based on financial need and Christian character. The amount awarded may range from $500-$1,500 and is applied after the student's first academic period of attendance. Students that exhibit outstanding financial need on the initial primary scholarship application will be issued a supplemental application that must be returned prior to the October 18th deadline. These applications are reviewed for the Wyrtzen Scholarship after the October 18th deadline.

Legacy Grant

This grant constitutes an investment in the life of students enabling them to benefit from a year of Bible study leading to personal growth and ministry impact. Funding is available to meet exceptional needs on a limited basis. This is generally due to financial concerns that would limit the ability to afford attendance at Word of Life Bible Institute. This award ranges from $250-$2,500 based on availability of funds.

Eligibility for this scholarship is based on the following criteria:

      • Applicant must qualify based on WOLBI need analysis. Information for this analysis is obtained from the FAFSA, WOLBI scholarship application and Legacy Grant application. Please note, you do not need to be eligible for the Pell Grant to be eligible for the Legacy Grant.
      • Applicant must return 3rd party referral
      • Applicant must be in full agreement with Word of Life's statement of faith

Deadline: All documents being submitted must be postmarked prior to July 1.

Legacy Grant applications are available upon request from jimhen@wol.org.


Made possible by donor contributions, this scholarship is designed to assist students with extenuating circumstances affecting their current financial situation. Awards are for $600. Recipients must agree to help prepare newsletters every other month that share their student experiences. Student identity is kept confidential. Applicants are selected from the general student scholarship application while funds are available.

Chancellor's Scholarship

This award is offered to a student based on the student meeting one or more methods for qualifying. Award amount is based on the highest single level that the student is qualified for. Awards vary from $500 up to $1500.

  • Alumni - Awarded to dependents or siblings of Word of Life Bible Institute Alumni.
  • Alumni Encouragement - certified by a WOLBI Alumnus that is encouraging a potential student to submit an Application to Attend.
  • Leadership Development - a WOL Local Church Missionary certifies a potential student in consideration of the students leadership potential. Find your area missionary.
  • Christian Worker Dependent - Awarded to dependents of full-time Missionaries or Pastors.
  • Florida Resident - Residents of Florida that are attending the Florida Campus.
  • West Coast Resident - Assistance to residents of CA, OR, or WA.

Amount may vary based on financial need.

Chow Scholarship

Awarded based on financial need and ACT/SAT scores. Students must submit a copy of their SAT or ACT scores for review with the scholarship application. Three recipients will be selected and awarded $500 each. Applications must be submitted by July 1st for consideration for this scholarship.

Church Matching Scholarship

Word of Life Bible Institute will match up to $500 of a scholarship awarded by a church for a full-time student enrolled in the Bible Institute program. A church official must submit the Church Matching Scholarship form along with a check payable to Word of Life Bible Institute by registration day of the student's first semester. Donations or Scholarships will be accepted from churches only. Personal checks and payments from other sources will not qualify for matching funds.

Download Matching Scholarship Form

Confirmation Scholarship

This scholarship is for students who apply, are accepted, and send in their $250 confirmation fee prior to the following dates:

  • October 10th – $750.00
  • November 10th – $600.00
  • December 10th – $550.00
  • January 10th – $500.00
  • February 10th – $450.00
  • March 10th – $400.00
  • April 10th – $300.00
  • May 10th – $200.00

Local Church Ministries Scholarships

From programs within the United States, may all be combined to a maximum of $3,500 per single academic year. Amounts exceeding $3,500 may be held in reserve to be applied to the Sophomore Year. Original certificates of completion/placement must be submitted to the Financial Aid Office with the Scholarship Application.

  • Cre8tive Discipleship Scholarship (C8) ($500/year acheived) - Awarded based on successful completion of the C8 programs and approval by WOL Local Church Ministries.
  • Steadfast Award Scholarship ($500) - Awarded based on successful completion of the Steadfast Award and approval by WOL Local Church Ministries.
  • TI (Teens Involved) Scholarship ($75-$600/certificate) - Awarded for 1st, 2nd or 3rd placement in one or more categories of WOL Clubs Senior High Teens Involved International competitions.

STC Scholarship

The STC (Summer Training Corps) scholarship is awarded to students who have successfully completed Word of Life's STC program at one of the five US camps during the summer following their Junior or Senior years of high school. Amounts awarded are: Junior-$1,000 and Senior-$2,000. Awards are based on the completion of a full summer at camp.

Learn More About STC

Student Fusion Scholarship

Students that have participated in this short term missions trip in the summer after their Junior or Senior year of high school are eligible to receive the STC Scholarship, $1000 for the summer after their JR year and $2000 for the summer after their SR year.

Learn More About Student Fusion

Student Leadership Scholarship

A scholarship of $1,800 is awarded to students who apply and qualify for the RA (Resident Assistant) position. Positions vary and are limited. Selection is based on interviews with faculty, abilities, and Christian character. Students must maintain the Standard of Academic Progress and complete all criteria as outlined on the Student Leadership Application. For more information, or to apply for a position, contact the Student Life Department at studentlife@wol.org (NY) or call 727-379-5037 (FL).

Florida Specific Scholarships

Bowers Scholarship

Awarded to as many as three students attending the Florida campus who have an evident desire to serve the Lord in full-time ministry. Financial need and academic ability are also given consideration. FAFSA must be completed to be eligible. The amount awarded may range from $500-1,500, applied in the second payment period.

Florida Resident Discount

A student who is defined as a FL resident and has graduated from a Florida High School may receive a discount of $1,500. Students who receive the resident discount are not eligible to receive Chancellor's Scholarships such as Alumni, Christian Leadership Development, Christian Worker Dependent, or Start Strong. A student's qualification for Florida Residency may be determined by reviewing the document published by The College Board at www.collegeboard.com.

Rogan Scholarship

Awarded to students attending the Florida campus. Applicants must have completed the FAFSA and be able to document significant financial need. The amount awarded may range from $100-1,000, applied in the second payment period.

Sophomore Specific Scholarships

Academic Scholarship

Awarded to sophomores who earned a cumulative GPA of 3.00 or higher upon completion the of their freshman year (Summer Ministry grade is excluded). The amount awarded is $1,000 and divided and applied over each payment period of the sophomore year.

Bradbury Scholarship

Awarded to three sophomores who demonstrate financial need and a sincere desire to serve the Lord in full-time ministry. Applications for this scholarship are only available during the week of March 1-11 of the student's freshman year. The amount awarded is $1,000 and applied equally in each payment period of the student's sophomore year.

SIC (Summer Institute of Camping) Scholarship

Awarded to sophomores who have successfully completed their freshman summer ministry and have committed to completing their sophomore summer ministry at an authorized Word of Life camp or ministry at the approval of the camp director. The amount awarded is $1,000. Applications for this scholarship will be available during the student's freshman summer ministry and must be submitted by July 31st.

Links and Documents

Scholarship Application


Scholarship Application


Federal Student Loan

The Federal Stafford Loan is a student loan.

If you are a dependent undergraduate student (Dependency status is determined by the FAFSA), you can borrow up to:

  • $5,500 if you are a freshman
  • $6,500 if you are a sophomore

If you are an independent undergraduate student or a dependent student whose parents have applied for but were denied a PLUS Loan (a parent loan), you can borrow up to:

  • $9,500 if you are a freshman
  • $10,500 if you are a sophomore

To apply, you must complete and sign a Federal Stafford Loan Master Promissory Note. Loans must be repaid. Our office will provide you with instructions for completing the Master Promissory Note.

Stafford Loan Application

Please check with the Financial Aid Office prior to completing loan applications from other sources.

Federal PLUS Loan

The Federal PLUS Loan is a parent loan.

If you are a dependent undergraduate student and your parents have an acceptable credit history, they can take out a PLUS Loan which allows them to borrow as much as needed to cover the cost of any education related expenses. Your parents must complete a Federal PLUS Loan Master Promissory Note.

Parent PLUS Loan Application

Loan Counseling

Federal regulation requires that students who take out a Federal Stafford Loan complete both an entrance and exit loan counseling. The entrance counseling must be completed before any loan disbursements can be credited to the student's account. The exit counseling serves to inform students about repayment of their loan. If loan repayment is not managed properly, the student can go into default which will affect their credit rating, eligibility for further financial aid, and may result in garnishment of wages and future tax refunds. These counseling sessions inform the student of his/her rights and responsibilities as a borrower.

Entrance and Exit Counseling


Alternative Loans

Word of Life Bible Institute highly recommends you exhaust all Federal Loan options and scholarship resources before researching alternative loan programs.

Word of Life Bible Institute lists these private education lenders strictly for the student's conveinience. Other lenders are available and we welcome your investigation into other sources for a private loan. Interest rates and terms may vary significantly with this type of loan.

Word of Life Bible Institute promises you that:

  • We are not offered any finacial incentive from the institutions providing these loans.
  • We do not accept gifts or gratuities from the institutions providing these loans.
  • We have not entered into any promise or concession to these lenders for any reason.
  • In respect to private education lending; our staff is prohibited from accepting outside compensation for consulting or other services to a lender such as serving on an advisory board, commission or group.

Wells Fargo and Sallie Mae offer a private student loan program to students that have outstanding financial need. A private student loan is similar in many ways to the Federal Stafford (student) Loan with a few exceptions:

  • Once approved the only limit on the amount the student may borrow is the schools determination of Cost of Attendance. (Stafford Loans have limits)
  • Generally, students will need an eligible co-signer to be approved regardless of age, income or prior credit history.
  • The lender does not have the same assurances from the government that the Stafford Loan does, therefore this loan will have a higher interest rate due to the increased risk. Students should exhaust their Stafford eligibility and use this as a loan for their remaining unmet need.

For more information or to apply, look for "Student Loans" at:

Loan Deferment

Students that had a student loan in previous years must  process a deferment  each year they are enrolled to postpone making loan payments! Deferment Forms are available from the servicer of your loan.

Visit the National Student Loan Data System (NSLDS®) to view information about all of the federal student loans you have received and to find contact information for the loan servicer or lender for your loans. You will need your Federal Student Aid PIN to access your information.

Links and Documents

Borrowing Responsibility Information

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Borrowing Responsibility

Loan Instructions


Loan Instructions

Payment Plan

All students will need to complete a Payment Plan to identify their method of resolving school charges. Students attending Word of Life Bible Institute meet their financial obligation in a variety of ways.

Download the Payment Plan Options Form

Tuition & Fees

The difference between the Cost of Attendance (as listed below) and your Financial Aid will determine your final cost. It is expected that every student will be prepared to cover school charges in full at the time of registration. Word of Life does offer a payment plan for students. Details can be found on our payment plan options form.

Pricing information is for the 2014-2015 school year and is subject to change.

For eligible students a year end Tuition Statement 1098T is prepared by the Business Office. PLEASE NOTE: Canadian Students attending NY/FL will not be issued a TL11A - per: Revenue Canada

New York & Florida

Cost of Attendance

  • On-Campus: $15,260
  • Off-Campus: $8,860

Itemized Breakdown

  • Tuition: $7,650
  • Room & Board: $6,400
  • Freshman Fees: $1210
  • Sophomore Fees: $900

Other Possible Fees

  • Confirmation Deposit: $250
  • Application Fee (online): $10
  • Application Fee (paper): $20
  • Mailbox Key (replacement): $20
  • Room Key (replacement): $10
  • Freshman Books (estimate): $300
  • Sophomore Books (estimate): $350
  • Electives per hour: $75
  • Sports Uniform (estimate): $150
  • Choir Outfit (estimate): $150
  • Vehicle Registration: $50

*Qualified Off-Campus students pay tuition and fees and provide for their own housing and meals. Assistance with Off-Campus housing may be obtained by calling 518-494-1514.


Cost of Attendance

  • On-Campus (Canadians): $13,200
  • Off-Campus (Canadians): $7,200

Itemized Breakdown

  • Tuition (Canadians): $6,400
  • Room & Board: $6,000
  • General Fees: $800

Other Possible Fees

  • Summer Ministry Fee: $100
  • Graduation Fee: $25
  • Dietary Special Need: $224
  • Health Insurance (Int'l Students): $700
  • Key Deposit (Refunded): $10
  • Books/Supplies Estimate: $450
  • Electives Per Hour: $100
  • Late Registration/Early Exit: $100

Prices are in Canadian dollars.

South Korea

Cost of Attendance

  • Total Cost: $10,987

Itemized Breakdown

  • Confirmation Fee (non-refundable): $500
  • Travel Fee: $3,500.00
  • Tuition: $3,017.00
  • Meals: $3,120.00
  • Housing: $1,350.00

Other Possible Fees

  • Library Fee: $100
  • Books (estimate): $175
  • Electives (per hour): $35
  • Late Registration: $50
  • Early Exit: $50

Prices are in US dollars and all payments are to be made in US dollars.


Make A Payment

Use the button below to make a one-time payment for your application fee, campus visit, confirmation fee, or student bill.

Make A Payment for New York and Florida Campuses
Make A Payment for South Korea campus

Those two years are still the best years of my life, and I would never trade them for the world.
- Benjamin Ward, Bible Institute Alumnus