F I NANC I A L A I D
SCHOLARSHIPS Students may apply for scholarships, but there is a limited supply of scholarship funds that will be distributed according to need. DISCOUNTS • Dependents of full-time Word of Life missionaries are eligible for a 75% discount off their total bill. • 5% discount (on net value, for each one) for brothers, sisters and/or students who attend the same church. • 15% discount (on net value) for children of former IMPV students in the Resident program. • 10% discount for students sent by partner mission agencies. Currently we have partnership with MEIB, MEAP, MEAB and MEVA. The student needs to sign an agreement between the IMPV and the missionary sending agency, committing to serve in the agency for the same period of time that the benefit was received. • 10% discount for the children of graduates of the Seminary in Atibaia (SBPV) or PV-Northeast. • Discounts are not cumulative. In case of overlap, only the largest of them will be credited. • Recruitment Discount: A 10% discount off the total price is offered to those who recruit others to come and attend the Bible Institute. The recruiting participant will receive a 10% discount for each person who enrolls in the same academic year. This discount does not apply as a refund for participants who have already graduated. It is important to note that the Benevides teaching site is not part of Word of Life’s participation agreement with the U.S Department of Education relating to Title IV funding and is, therefore, not eligible to receive federal funding such as the Pell Grant or Stafford Loan. PAYMENT SCHEDULE Fees have to be paid monthly, but a 5% early payment discount off the total price is given to those who pay the entire school bill at the beginning of the year. Also, a discount of 2% is given in the amount of the monthly fee if it is paid until the first business day of the month. Students have to use bank transfers to pay for their school fees. Each student is expected to have completed all arrangements necessary to meet any and all financial obligations by Registration. Grades are issued only to students whose accounts are paid in full. Certificates and final transcripts are not issued until all financial obligations have been met.
T E A C H I N G S I T E A D D E N D UMS
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