Financial
Tuition – Tuition at IBI is $70 per credit hour. Students taking 6 hours or less must pay tuition at the
time of registration. Students taking more than 6 hours in a given semester may pay one half of the
tuition at registration and the other half in two equal payments 30 and 60 days after registration.
Incidentals – There is a $10 registration fee for each student due at the time of registration.
Books – The cost of textbooks will vary depending on the classes the student enrolls in. Students
should plan an average of $50 per class for books.
Scholarships – At this time there are limited scholarship funds available for students who serve as
pastor in churches of the Wabash Valley Baptist Association.
Financial Aid – Because IBI is not yet accredited, students are ineligible for government sponsored
financial aid programs.
Refunds – Tuition refunds are available for students withdrawing from classes on the following basis:
-within the first week of class 100% refund
-within first three weeks 50% refund
-after the third week no refund
The student activity/library fee is non-refundable. Books may be returned to the college for refund, at
the discretion of the college.

INDIANA BAPTIST INSTITUTE
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