Seminary Financial Aid

We want the financial aid process to be clear and straightforward. Follow the steps below to ensure everything is completed properly and on time.

Step 1: Apply and Deposit

Before receiving a financial aid award notification, you must first apply, be accepted, and submit your enrollment deposit online.
Click here to apply.

Step 2: Complete the FAFSA

To be considered for federal financial aid, complete the FAFSA after October 1 each year.
Grace’s federal school code is 001800.

Step 3: Submit Scholarship Applications

Complete any applicable scholarship applications. Note that your academic advisor will prompt you to take this step during your initial advising meeting.

Step 4: Contact Financial Aid with Questions

If you have any seminary financial aid questions, you may email the Financial Aid Office or call 800-544-7223, ext. 6162.

To support qualified students, Grace Theological Seminary offers institutional scholarships and federal loan programs. Students enrolled in master’s programs may be eligible for GTS scholarships and grants. Below is an overview of the Seminary’s financial aid opportunities:

The GTS scholarship program is available to Seminary students enrolled at least half-time in a master’s degree program of 48 hours or more (Master of Arts in Christian Ministry and the Master of Divinity).*

The scholarship provides $65 per credit hour for Charis Fellowship members and $50 per credit hour for non-Charis Fellowship members. Eligibility may be affected by other types of financial aid received.

It is the student’s responsibility to report errors to the Office of Financial Aid. The Office of Financial Aid reserves the right to make adjustments to the scholarship amount in the event of an over-award.

Continuing students must be in good standing with GTS financially and academically. A thank-you note must be completed through the Advancement Office during each academic year the student receives the benefit.

Applications are due by August 24 for the fall semester and January 1 for the spring semester. The application can be found below.

*NOTE: Programs with existing financial incentives (the Deploy program and the Akron extension site) are excluded from use of this scholarship.

The Shepherd’s Endowment scholarship program is available to Seminary students enrolled in a Master’s program of 48 hours or more. It will provide a $50 per credit hour for all students registered for Local Church or Intercultural Apprenticeship courses. It is the student’s responsibility to report errors to the Office of Financial Aid. The Office of Financial Aid reserves the right to make adjustments to the scholarship amount in the event of an over-award. Application is found on the website.

NOTE: Programs with existing financial incentives (the Deploy program and the Akron extension site) are excluded from use of this scholarship.

All Deploy students not receiving the Grace Financial Forgivable Loan Scholarship are eligible to apply for the Deploy scholarship. Scholarships are awarded based on availability of scholarship funds. Deploy students must remain in good academic standing in order to receive and retain this scholarship. The Deploy scholarship contributes $250/month (up to $1000/semester) toward Deploy students’ tuition. This scholarship is prorated by months (billing months) of enrollment, and is applied on a semester basis. The scholarship application is available to Deploy students during the new student paperwork process.

The Church Matching Program provides sponsoring churches with a way to encourage and assist students attending Grace College and Grace Theological Seminary. Churches are eligible to participate regardless of denomination or affiliation.

Grace Theological Seminary will match church scholarship dollars on a dollar-for-dollar basis, up to $500 per student per academic year ($250 per semester). To qualify, a student must be enrolled at least half-time and must take at least five credit hours per semester.*

The application deadline is August 1 for the fall semester and December 15 for the spring semester. Forms are available on the website.
*Note: Deploy students receiving the Deploy Scholarship are not eligible for this matching program.

We encourage students to search for independent scholarship in addition to those we offer. You may use these web-based scholarship search sites to see if you qualify for outside scholarships. Grace does not endorse these scholarship search sites, but rather provide them as a tool to help you begin your search for outside scholarships.

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Advanced Standing and Transfer Credits are additional cost-saving options available at Grace. Please visit our dedicated page to learn more.