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After You're Offered Financial Aid

Bethel Seminary Seminary Tuition & Financial Aid

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Tuition & Financial Aid

After receiving your financial aid award, you will need to accept or decline your loans, report private scholarships, notify the financial aid office of any changes to your enrollment assumptions, and ensure that all loan applications or supplemental financial aid materials are completed.

You can access your financial aid award through your Financial Aid Requirements channel in MyBethel.

1. Review Financial Aid terms and conditions

By accepting your financial aid offer, you agree to fulfill all terms and conditions set forth by federal and state regulations and institutional policies.

2. Estimate your school bill

By subtracting your offered aid from your estimated school bill, you can start planning how to pay the remaining balance, if there is one, using cash or loans. Your charges may vary by term depending on the number of credits you take.

3. Accept or decline your gift aid

If you have been offered scholarships, you will need to accept or decline your gift aid. This is done by accessing your financial aid offer through your Financial Aid Requirements channel in MyBethel. Once accepted, you will also need to complete an online thank-you note. Only one thank-you note is required per academic year. Please allow one business day for our system to reflect receipt of the thank-you note.

4. Accept or decline your loans

If you need to borrow loans, compare your options to find the best loan for you.

When you decide which loan(s) to borrow, you will need to accept or decline your offered loans by accessing your financial aid offer through your Financial Aid Requirements channel in MyBethel.

Select the appropriate academic year from the dropdown list.

Click the Accept Financial Aid Offer tab. Decide how much of your Direct Unsubsidized Loan or PLUS/Private Loan Eligibility you want to borrow for the full year, and follow the instructions. Loans will be evenly split across all terms of enrollment listed on your offer letter. If you want your loan disbursed unevenly, please contact our office for instructions.

Click Submit Decision.

  • If you accept your Unsubsidized Loan and you're a new Bethel borrower, you must complete both loan entrance counseling and a master promissory note (MPN). Be sure to select “Complete a Master Promissory Note (MPN)” and “Complete Entrance Counseling.” These are two separate steps, completed on the studentaid.gov website.
  • Select Minnesota as the School State when completing these requirements. You will need reference information for two people with different U.S. addresses.
  • If you accept the PLUS/Private Loan Eligibility, this indicates to the financial aid office that you will be applying for a Graduate PLUS Loan or a Private Loan. There is a separate application process for these loans.

5. Report private scholarships

Let us know about any private scholarships (including employer reimbursement and other outside aid) by accessing your financial aid offer through your Financial Aid Requirements channel in MyBethel. Then, select the appropriate academic year from the dropdown list.

Once in your financial aid offer information, click the Resources/Additional Information tab and follow the instructions.

6. Notify financial aid of changes to enrollment assumptions

Enrollment assumptions used to prepare your financial aid offer are listed at the bottom of the financial aid offer. Use the online update form to notify the financial aid office of changes to your anticipated enrollment.

7. Check your status

View the status of your documents and requirements through your Financial Aid Requirements channel in MyBethel. Items marked with a red flag need to be completed.

You'll need your Bethel Community Account to access your financial aid information online.

Still need to set up an account? Go to Bethel’s account system and click Activate My Account.

8. Sign up for proxy

While privacy laws prohibit us from sharing financial aid offer information with your parents, spouse, or other third parties, you can authorize others to view such information in your student account through proxy access.