Don't let finances determine your theological education.
We want students at the School of Theology to be focused on study, service, and prayer, not worrying about finances. Therefore, our commitment to educating and forming a generation of leaders to serve the church free from the burden of student debt is key. Here's what you should know about our financial aid program.
In the 2017/18 academic year:
- The School of Theology awarded $1,597,253 in financial aid to students.
- 96% students received some form of aid
- The average award was $7,000 above and beyond the cost of tuition
- In addition to their aid, students typically earned $1,500 - $2,500 from work study
Do you fully understand costs vs. need and what types of aid are included in the aid package you might be considering? These questions and answers may be helpful in understanding your aid and costs.
1) Is cost calculated on a 10 month or 12 month year?
- For students in residence for multiple years, we calculate on 12 months.
- Students in one-year programs or final year of a multi-year program should estimate expenses based on 10 months.
2) Do they include work-study earnings as part of the aid estimate?
- We do not include those estimates.
3) Do they list parish and diocesan support in the aid estimate?
- We do not include other forms of aid.
4) What figures are used in estimating cost of attendance? Ours include:
- Books & Supplies
5) How are costs adjusted based on house members? Rent, health insurance, utilities, food, etc?
- We have a cost of living adjustment calculation for households of 2, 3, 4, 5, and 6+ members.
6) What percentage of their graduating class typically has incurred student loan debt while in seminary?
- For the School of Theology M.Div. and M.A. who graduated in May of 2016, 27 percent (seven of 26), graduated with student debt. In May 2017, 17.1 percent (six of 35), graduated with debt.
- A majority of these borrowers had costs unrelated to seminary that impacted their need to borrow (supporting adult children, sending multiple children to private school, etc.) with no resources to support those costs.
If you feel called to the School of Theology and wish to become a member of this community of scholars and learners, let us look at any offers you may have received from other seminaries and help you compare funding against costs.