PTS Grant - This need-based grant is awarded to full-time students in our M.Div, M.A and M.Div/MA programs. Our 2014-15 award levels for entering students are listed below. All currently enrolled PTS students will be funded at the levels stated at the time they began their PTS program.
For those admitted for the fall 2014 term:
Eligible students who are Presbyterian Church(USA) members may receive PTS grant aid to cover 100% of their evaluated need up to the cost of full tuition plus $250.
Eligible students who are not members of a PC(USA) church may receive a maximum award of 80% of the cost of tuition based on their calculated need.
To qualify for a need-based PTS Grant you must:
- Be a first-time professional theological degree candidate
- Demonstrate financial need (as defined in the Student Financial Aid Handbook)
- Maintain satisfactory academic progress toward your degree
- Apply each academic year
A first professional degree student may be eligible for PTS grant assistance for a maximum of three years for the M.Div., two years for the M.A., and four years for the M.Div/MA.
To apply for need-based aid you must:
- Complete the online Student Financial Aid Application,
- Complete the applicable version of the FAFSA (Free Application For Federal Student Aid Form) at www.fafsa.ed.gov,
- Provide a copy of your prior year Federal Income Tax Return (when available) For 2014-15 applicants, we need your 2013 federal income tax return.
- You may also be asked to provide documentation of the information you supply on these forms.
The Student Financial Aid Application is ordinarily completed with the application for admission. Financial Aid forms can also be downloaded directly, or obtained by writing or emailing the Office of Admissions and Financial Aid.
*The Thomas W. Gillespie Grant Program This need-based Princeton Seminary aid program helps our M.Div, Ma and Dual degree candidates by providing eligible candidates who currently owe over $20,000 in federal student loans with additional grant aid to assist them in meeting their educational costs. This program was designed by our 5th President Dr. Thomas W. Gillespie to help students who tried to help themselves, and requires recipients to work and raise funding from outside sources in order to reduce their dependency on student loans. The Thomas W. Gillespe Grant is currently available to M.Div., M.A., and M.Div./M.A. students. For 2014-15, award maximums are $2,000 for students who are single or married without dependents and $4,000 for students with dependents.
PTS Presbyterian Student Loan Program - The Seminary offers eligible PC(USA) students a low interest loan that has the potential to be forgiven if the recipient serves as an ordained minister in the PC(USA). Only full-time M.Div. and M.Div./M.A. students who demonstrate need in excess of our maximum PTS grant may qualify for this loan program. Award maximums for this forgivable loan program are currently $4,000 for the 2014-15 school year. For more information, please consult a member of the PTS Student Financial Aid staff.
Presbyterian Leadership Award - Each year, a few entering students are selected by the Admissions committee to receive the Presbyterian Leadership Award. The PLA covers the student’s full tuition plus $3,500. This scholarship will be offered to a limited number of entering M.Div and M.Div/MA students who have demonstrated a high level of academic achievement and are outstanding candidates for pastoral ministry in the Presbyterian Church (U.S.A.).
Seminary Fellowship - Each year, a few entering students are selected by the Admissions committee to receive the Seminary Fellowship. The Seminary Fellowship covers the student’s full tuition plus $1,000 for the academic year. Seminary Fellowships will be awarded to entering M.Div and M.Div/MA students on the basis of outstanding academic achievement and demonstrated commitment to the life and mission of the church.
Leadership Award- Subject to budgetary availability, up to five entering students per year from our M.Div and M.Div/MA candidates may be awarded the PTS Leadership Award. The value of this merit-based scholarship is up to $8,000 for the academic year. Students selected for this award will have demonstrated the highest level of academic achievement and outstanding leadership in and commitment to the life and mission of the church.
An interview is recommended for an applicant to be considered for our merit-based awards. Candidates for these three renewable merit-based awards are selected through the admissions process. No separate application is required. Awards will be renewed for those recipients who continue to maintain a high level of academic achievement and community involvement while at PTS.
Other Forms of Aid
Church Support - We suggest you inquire about financial aid that may be available from local churches and judicatories. In many cases, it is advisable to request this assistance well in advance of applying to Princeton. PTS students have received substantial support in this manner.
Outside Scholarships - The Office of Admissions and Financial Aid publishes a "Guide to Outside Scholarship Sources," which may help you search for outside scholarship assistance for your seminary program. All students are encouraged to obtain this publication, as well as checking with their home church for assistance.
Student Employment - There are many on- and off-campus opportunities available for PTS students. Applicants are encouraged to apply for Federal Work Study funding as a way to pay for their living expenses during the school year. The Office of Admissions and Financial Aid also maintains a bulletin board of job postings for Seminary students and their families. This board is located directly outside the office on the third floor of Templeton Hall.
Other Information - You can also obtain copies of the following publications from the Office of Admissions and Financial Aid: