FINANCIAL AID 2014 - 2015
Phillips Theological Seminary provides financial aid, so that no deserving student is denied the opportunity to obtain a theological education because of the cost. PTS provides financial assistance through:
- seminary tuition aid grants
- scholarships and fellowships
SEMINARY TUITION AID GRANTS 2014-2015
PTS provides tuition aid grants to students who maintain satisfactory academic progress and are enrolled in the Master of Divinity, Master of Arts in Ministry and Culture, or the Master of Theological Studies program.
Tuition aid grants are based on the Estimated Family Contribution (EFC) reported on the current FAFSA. Tuition aid grants are awarded as follows:
DOC/UCC Students: 60% - 80%
Other Denominations: 40% - 60%
Ethnic/Minority: 60% - 80%
PTS provides tuition aid grants of approximately 24% to students who maintain satisfactory academic progress and are enrolled in the Doctor of Ministry program.
SCHOLARSHIPS & FELLOWSHIPS
Matthew A. Thompson Fellowship for Student Leaders
The Matthew A. Thompson Fellowship for Student Leaders requires the completion of an additional application, which includes a written essay on the theology and praxis of leadership, a reference from a fellow student and a PTS professor, and good academic standing. The fellowship covers 100% of tuition, fees, & books and provides a living stipend. Application is made in the spring. One fellowship is available per year
Robert T. and Harriet M. Peake Endowed Scholarship
The Robert T. and Harriet M. Peake Endowed Scholarship requires the completion of an additional application. Candidates must be full-time students, who maintain at least a 2.5 grade point average and who demonstrate qualities of leadership, devotion to Christ, outreach involvement, and intellect. The fellowship covers 100% of tuition and fees and includes a book allowance. Application is made in the spring. One fellowship is available per year
55+ Student Scholarship
The 55+ Student Scholarship is awarded to a degree-seeking student, who is 55 years of age or older, who demonstrates leadership skills in a ministry setting or in a professional secular setting, and who maintains satisfactory academic progress. The scholarship provides 80% tuition assistance and is renewable annually.
Women’s Leadership Scholarship
The Women's Leadership Scholarship is available to a degree-seeking female student. Application requires the submission of an essay demonstrating an initiative or interest in the development of women’s leadership in ministry, demonstrated leadership in the local congregation, and satisfactory academic progress. The scholarship provides 80% tuition assistance.
Educational benefits are available through the GI Bill at PTS. For more information on the GI bill, go to http://www.benefits.va.gov/gibill/.
FEDERAL STUDENT LOANS
Federal direct unsubsidized loans are available to degree-seeking students. In order to apply, students must complete the Free Application for Federal Student Aid (FAFSA). The federal school code is 017239.
Federal Direct Loans
PTS does not participate in the Federal Graduate Plus Loan program.