Guide to Applying for Federal Student Loans...

Unsubsidized (non-need based) loans through the William D. Ford Direct Loan Program are available to eligible graduate students up to $20,500 in Stafford Loans per year. The Cost of Attendance determines how much a student may be eligible for during a given period. Need is determined by the federal government through the FAFSA process. All student loans must be repaid.

Based on a student’s Cost of Attendance the student may be eligible to apply for Grad Plus loans which requires a separate application be completed and a credit history report be processed. A student will be accepted or denied based on this report.

BTS Federal Student Loan Process

  1. The Federal Student Aid website is a comprehensive source of information about the U.S. Department of Education federal student aid programs and includes an overview of federal student aid, as well as more detailed information on the application process and student loans. Whatever your questions, you’ll find the aid information you need at
  2. Complete the “Free Application for Federal Student Aid” (FAFSA) online at Biblical’s school code is G23230. The following links are student guides to assist you in completing the FAFSA2015-16
  3. Complete Entrance Counseling – Go to, sign-in, select “Complete Counseling,” and then select “Entrance Counseling.” All first-time BTS student loan borrowers are required to complete this step.
  4. Complete Master Promissory Note – Go to, sign-in, select “Complete Master Promissory Note,” and then select “Subsidized/Unsubsidized.” Master Promissory Notes are valid for a period of 10 years. If you have had student loans through the Department of Education within the last 10 years you may have already completed this requirement.
  5. Read the Financial Aid Handbook found on our Financial Aid homepage. A PowerPoint summary, “Understanding Federal Direct Loans,” is also available on the same webpage. You are responsible to know the detailed information provided in the Financial Aid Handbook.
  6. Notify BTS’ Financial Aid Office when you have completed these steps.

Maintaining Eligibility for Federal Student Loans

Determining financial aid eligibility is the joint responsibility of the federal government and the school. The Financial Aid administrator is responsible for adhering to and monitoring eligibility requirements.

Eligibility Requirements

  • Students must meet specific citizenship requirements.
  • Students must not be in default on prior student loans
  • Students must be enrolled in a degree program with a minimum half-time student status (5 credit hours per term).
  • Students must complete online “Entrance Counseling” and a “Master Promissory Note.”
  • Students must make Satisfactory Academic Progress (SAP), which means maintaining a 2.0 GPA or higher and progressing towards their degree at a satisfactory pace.

If you have any other questions regarding the application process for Federal Student Loans, please feel free to contact the Financial Aid office or any Admissions Counselers as well.

Financial Aid FAQ's

Contact Financial Aid

Ginny Hartman,
Financial Aid Coordinator
215-368-5000 x141

Office hours
Monday thru Friday
8:30 a.m. - 4:30 p.m.

Contact Admissions

800.235.4021 x146

215.368.5000 x146

215.368.4913 (fax)

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