Seminary Financial Aid

• 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.

In order to assist worthy and qualified students, Grace Theological Seminary provides supplemental financial support through institutional scholarships and federal loan programs. Students enrolled in master’s programs may qualify for GTS scholarships and grants. Some of the Seminary’s financial aid programs include:

The GTS scholarship program is available to all Seminary students enrolled in a master’s degree program of 48 hours or more (Master of Arts in Christian Ministry and the Master of Divinity), excluding Deploy students. The scholarship will provide $65 per credit hour for Grace Brethren members and $50 per credit hour for non-Grace Brethren 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 in the Advancement Office of 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. Application is found on the website.

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.

Prospective Seminary students interested in career service with the Charis Fellowship of churches may be eligible to receive limited funding to help offset their educational expenses. This financial support is provided by the generosity of Grace Financial, formerly known as the Grace Brethren Investment Foundation. All Charis Fellowship members applying for our Deploy program will automatically receive the Grace Financial Forgivable Loan Scholarship. That scholarship will be applied to their student account each academic term.  All other
incoming seminary students associated with and wishing to serve in the Charis Fellowship may apply for a Grace Financial Forgivable Loan Scholarship. Those selected for a loan must commit to serving in Charis Fellowship vocational ministry upon graduation. The minimal time of ministry service expected is based on the total amount of scholarship received. Following the completion of this period of service, the entire loan amount will be forgiven. In such cases, the scholarship recipient will have paid absolutely nothing for the financial support received. For more information on the forgivable loan scholarship, please contact the Seminary Office at
seminarydean@grace.edu or by phone at 800-544-7223, ext. 6437.

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 means of encouraging and assisting students attending Grace College and Grace Theological Seminary. Churches are eligible regardless of denomination or affiliation. Grace Theological Seminary will match the church scholarship dollar for dollar up to $500 per student per academic year ($250 per semester), excluding Deploy students who are receiving either the Deploy Scholarship or GBIF Forgivable Loan Scholarship. 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. Forms are available on the website.

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.

FastWeb; Sallie Mae College Planning; Discover Scholarship

Additional cost-saving measures are Advanced Standing and Transfer Credits. At Grace we offer both of these, please see our page on them here.