Seminary Financial Aid
Seminary Financial Aid Process
- A student must apply and be accepted to Grace Theological Seminary prior to receiving a Financial Aid award notification from Grace. Click here to apply.
- In order to receive federal financial aid, each student must fill out the FAFSA after October 1 of each year. Grace’s federal school code is 001800.
- Complete applicable scholarship applications and deposit online.
- If you have any seminary financial aid questions email us. Or email Financial Aid or call 800-544-7223, ext. 6162.
All qualifying Deploy students apply to receive a 1/3 reduction in tuition cost. For more information Email us.
Sparks Endowment (GTS Scholarship)
The GTS scholarship program is available to all seminary students enrolled in a master’s degree program of 48 hours or more (M.A. in Christian Ministry and the M.Div.), excluding Deploy. The seminary scholarship will provide $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. Applications are due by August 24 for the fall semester and January 1 for the spring semester. Receiving the Sparks Endowment is contingent upon available funds.
Shepherd’s Endowment Seminary Apprenticeship Scholarship
The Shepherd’s Endowment scholarship program is available to Seminary students enrolled in a Masters program of 48 hours or more. It will provide a $50 per credit hour for all students registered for Practical Ministry Apprenticeship courses, as funds are available.
Church Matching Program
Grace Seminary provides a matching scholarship to students whose church agrees to assist them financially. The seminary scholarship will match the amount of the church’s scholarship up to $500 per student per year. To be eligible, a student is required to be a half-time student in a two or three-year program, taking at least five or more credit hours per semester. The application deadline for the fall semester is August 1 and the spring deadline is December 15.
Please have your church fill out the following forms:
*Deploy students do not qualify for the Church Matching Grant in addition to the Deploy Scholarship.
Charis Fellowship Forgivable Loan*
Prospective seminary students interested in serving with the Charis Fellowship of Churches (formerly FGBC) are encouraged to apply for a forgivable loan sponsored by the Grace Brethren Investment Foundation (GBIF).
A total of $50,000 in forgivable loans can be awarded to four students who commit to serving in a Charis Fellowship ministry for at least three years after graduation. These funds will cover up to a third of a student’s total tuition costs for their degree program.
Students must be accepted into a seminary program to be eligible.
Face-to-face or phone interviews can be scheduled with the Seminary Office Manager via email or by phone at 800-544-7223, ext. 6437.
*This scholarship is only available to Winona Lake campus residential students.
Outside Seminary Scholarships
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.
Advanced Standing and Transfer Credit
Additional cost-saving measures are Advanced Standing and Transfer Credits. At Grace we offer both of these, please see our page on them here.