Many students will enter seminary with educational loans so every effort is made to keep this aid component to a minimum. When a student has exhausted all possibilities for other forms of financial assistance and still has need, a loan may be the only option. There are loans available through the Federal Direct Unsubsidized Stafford Program, the Federal Direct Graduate Plus Loan, some denominational agencies, and private lenders. Click on the links below to learn about each type of loan.
This 30 minute video introduces five recent seminary graduates, some of the financial challenges they faced and decisions they made. Two experienced seminary administrators also offer advice on how to manage finances while in school. The video, along with accompanying resources, including Financial Planning worksheets, can be used by schools to help students plan for how they will pay for their theological education. All materials, including this video, are free and can be downloaded. Students as well as school administrators are welcome to use the material provided on this site. For the most recent report on theological school debt, click here. To learn more about Auburn’s Center for the Study of Theological Education click here.
2014-2015 Anticipated Federal Loan Disbursement Date* / Anticipated Federal Loan Refund Date*
September / Sept. 24 / Sept. 30
October / Oct. 9 / Oct. 15
November / Nov. 11 / Nov. 17
December / Dec. 17 / Dec. 19
January / Jan. 9 / Jan. 16
February / Feb. 9 / Feb. 16
March / March 9 / March 16
April / April 2 / April 15
May / May 22 / May 29
*Scheduled Anticipated Disbursement and Check Writing Dates for Federal Direct Loans; additional dates may be added.