What is it?
A grant is need-based funding that does not have to repaid. The Tuition Grant is applied toward tuition costs. This aid is offered by PTS, regardless of denominational affiliation.
How are grants determined?
PTS Tuition Grants are based on a student's need. Need is determined from information submitted on the FAFSA and the PTS Application. Students with a nine month family income, Adjusted Gross Income, Expected Family Contribution (EFC) or liquid assets above the Cost of Attendance do not qualify for PTS grants. After determining a student's need, PTS fills a percentage of that need with grants.
What is the range?
Full-time students can qualify up to the full cost of tuition. Half-time students can qualify for $1200 for 2016-2017. (Amount can change each year for half-time students based on available funding.)
Full-time students (enrolled for nine or more credits) or half-time students (enrolled for a minimum of six credits) in a Master's program, demonstrating financial need, and who are members of a church. For specifics, see the Catalog. Students who are in a “default status” on their federal educational loans are ineligible for institutional aid. Applications will not be processed until any previous Seminary (PTS) past due amount is paid in full and the student is in good-standing. Students who received financial aid to complete one degree program are not eligible for financial aid for a second-degree program until three years (nine terms) have passed.
How to apply?
- Submit a 2016-2017 PTS Financial Aid Application. If applicable, submit a signed copy of foreign, Puerto Rico, or other US territory Tax Form. NEW for 2016-2017, students may submit an electronic financial aid application on www.MyPTS.edu, under Students.
- File a FAFSA at www.fafsa.ed.gov. Use the IRS Data Retrieval Tool (IDR) to transfer your tax information into the FAFSA.
- If choosing not to use the IRS Data Retrieval Tool (IDR), a signed Tax Transcript must be submitted to the Financial Aid Office. A Tax Transcript can be obtained from the IRS at 800-908-9946 or on-line at www.irs.gov. Copies of Federal 1040s will no longer be accepted by PTS.
Incomplete packets will not be processed. An application will be considered incomplete without the IRS Data Retrieval Tool or the Tax Transcript and will not be processed.
When can I apply? Is there a deadline?
The Financial Aid Office will BEGIN to accept complete Financial Aid Packets for the 2016-2017 academic year Feb. 22, 2016. There is no final deadline to submit an application. Applications are reviewed on a "first come- first served" basis, until funds are expended. Early application is encouraged.
Do I have to apply each year for grants?
Students must re-apply each academic year. A student is NOT guaranteed to receive need-based aid every year. He/she must qualify financially and submit the application early. Additional details can be found under the Frequently Asked Questions section.