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 seminary graduates; their financial challenges and the decisions they made. Also, two seminary administrators offer advice on how to manage finances while in school. The video and Financial Planning worksheets may help students during their journey.
2015-2016 Anticipated Loan Disbursements
Month / Disbursement Date / Refund Date
March / March 9 / March 16
April / April 4 / April 15
May / May 22 / May 29
*Scheduled Anticipated Disbursement and Check Writing Dates for Federal Direct Loans; additional dates will be added as needed.
To resolve discrepancies in loan balances and payments, understand financial aid requirements, find loan holders or promissory notes, defer or discharge loans, reestablish eligibility for federal aid, rehabilitate loans, resolve issues.