News from PTS Financial Aid Office

 

Merit Scholarship Renewal

A student may qualify for Merit Scholarship renewal with a 3.0 overall GPA. This policy is not retroactive.

2020-2021 Tuition Cost

Thanks to the PTS Board of Directors, the Doctor of Ministry tuition rate for 2020-2021 will remain the same for the 7th year in a row, $358/credit. The Master's degree tuition cost will increase to $470 per credit. 

PTS Institutional Grants for Master's Degrees

The 2020-2021 PTS Financial Aid Application is available. Institutional need-based aid includes Tuition Grants, Housing Grants, and a Work-Support opportunity. Return the form to the Financial Aid Office and complete the FAFSA at www.fafsa.gov. 2020-2021 Work support openings will be posted on mypts on April 1, 2020.

ED Announces Change to Master Promissory Note Confirmation Processes

The Department of Education (ED) announced that, moving forward, the confirmation process for all Master Promissory Notes (MPN) for federal student loans will require  borrowers to view their current outstanding debt and "acknowledge that they have seen this amount" before an institution can disburse the loan. The change, called the "Informed Borrowing Confirmation" process, differs from current practice in which students and parents may receive multiple Direct Loan disbursements through a single MPN.  While the new process will not require schools to change their MPN confirmation processes, it must be completed once each award year for the first loan a borrower receives for that award year, starting with loans associated with the 2020–21 award year. Read the full announcement

Federal Loan Request for Master's Degrees

The 2019-2020 Master's Federal Direct Loan Request Form is available for fall and spring loans. Completed loan packets are processed throughout the year. Directions are available on the application or contact the Financial Aid Office at 412-924-1384. A separate form is available for the January and summer session.

Interest Rates for 2019-2020

  • 4.529 percent Undergraduate Direct Loans
  • 6.079 percent Graduate Direct Loans
  • 7.079 percent Graduate PLUS and Parent PLUS Loans


Anticipated Loan Disbursement and Check Writing Dates for 2019-2020

(Other dates will be added monthly)

 

Anticipated Disbursement

Date

Anticipated Refund

Date

Anticipated Book

Advance for Borrowers

September

Sept. 20

Sept. 30

Aug. 30

February

Feb. 20

Feb. 28

Jan. 30