Students should consider carefully their educational financial needs and use loans responsibly. Students should carefully budget their educational expenses and only take out loans for the amount needed to cover tuition after all other options are exhausted.

     As a result of legislation in March 2010, all post-secondary schools are required to participate in the Direct Loan (DL) program. The seminary currently participates in the Direct Loan Program which services the Federal Stafford Student Loans. Post-graduate students no longer qualify for subsidized loans. Contact the Financial Aid Manager regarding the procedure to apply for a Federal loan. 

     Repayment of loans begins six months after graduation, after a student drops below half-time enrollment, drops classes for a semester, or withdraws from school. To receive a loan, students must be enrolled at least half-time (4.5 hours or more per major term) in the Master of Divinity (M.Div.) program, or Master of Theological Studies (M.T.S.) program, in a minimum of 6 hours per year in the Doctor of Ministry (D.Min.) program, meet Federal eligibility requirements, and be making satisfactory academic progress. We do not currently offer loans for Certificate in Theological Studies program participants.

     Click on the link below to complete your application and interview questions for a Federal Loan.

                            Apply Online for Federal Loan