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Financial Aid Resources

A theological education is within reach

 

We know that one of the biggest questions people have about theological education is “Can I afford it?”

 

Good news! There are wide variety of resources you can look to for financing your theological education, including institutional scholarships, federal aid, and outside grants and scholarships.

Garrett-Evangelical Theological Seminary participates in the following federal programs: Federal Direct Unsubsidized Stafford Loans, Federal Direct Graduate PLUS Loans, and Federal Work Study.

 

Free Application for Federal Student Aid (FAFSA)

 

In order to be eligible for federal resources, a student must be a resident of the United States, registered at least half-time, and complete the FAFSA each year.

 

Garrett’s FAFSA school code: G01682

 

Websites with further information for students interested in borrowing federal funds:

 

 

Federal Direct Loans

 

The Federal Direct Unsubsidized Stafford and Federal Direct Graduate PLUS loan are offered to eligible students. To determine eligibility, a student must complete and submit the Free Application for Federal Student Aid (FAFSA) each year of enrollment.

 

Federal Work-Study

 

Federal Work-Study (FWS) is a need-based financial aid award. To determine eligibility, a student must complete and submit the FAFSA each year of enrollment. Those who qualify and secure a FWS position are paid an hourly wage, which is subsidized by the federal government, and are issued paychecks typically every two weeks. Only jobs at Garrett or at other pre-approved sites are eligible for FWS funding.

Institutional Scholarships – Master’s Degrees

 

Garrett-Evangelical awards scholarships to master’s level, degree-seeking students at the time of admission to recognize merit, leadership, service, and accomplishment. Scholarships cover a percentage of a student’s tuition while enrolled for a degree; that percentage remains constant, as long as the student meets both the registration and GPA requirements of the scholarship.

 

Institutional Scholarships – Doctoral Degrees

 

Garrett-Evangelical awards fellowships to PhD at the time of admission. Fellowships cover a fixed percentage of the student’s tuition while enrolled for the degree. The fellowship covers all coursework, research tools, a semester of pre-candidacy, and two semesters of candidacy.

 

Field Education Stipend

 

Students participating in a field education placement are given a stipend during each year of field education to help support students financially during these important experiences.

 

Teaching Assistants, Classroom Assistants, and Research Assistants

 

TA, CA, and RA positions are available, primarily to doctoral students, throughout the year. The accompanying stipends are paid to these assistants at the end of the semester or term of service.

Outside (non-institutional) grants and scholarships are typically awarded by denominational foundations, conferences, and/or local churches. Any outside scholarship awarded to a student must be reported to the Office of Financial Aid, as the award could impact the eligible amount of federal financial aid.

 

Some sources to check:

 

United Methodist members may be eligible for various grants, loans and/or conference funds. For example:

 

 

United Methodist Conference Resources

 

United Methodist members may be eligible for various grants, loans and/or conference funds. For example:

 

  • Annual Conference Funds
    • Certified candidates should contact their individual conferences for information on funding available
  • Ministerial Education Fund
    • Certified candidates should contact their individual conferences for information on funding available

Garrett is approved to certify Veterans Affairs (VA) benefits. Eligible students must submit a copy of their Certificate of Eligibility to the Registrar’s Office when they first enroll. Registrations are confirmed with the VA each term.