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Financial Aid

Welcome

The purpose of the Princeton Theological Seminary program for student financial aid is to assist our students in the educational preparation for ministry. We do this by providing need-based grants, fellowships, work opportunities, and loans to our eligible degree candidates.

The majority of the generous financial aid offered by Princeton Seminary is need-based. This approach sets us apart from some of our peers, who concentrate their financial aid in a merit-based scholarship system that focuses on a relatively small pool of their applicants. We do offer merit-based scholarships to a small portion of our admitted applicants, but as a matter of theological conviction we try to cover as many educational costs as we can for the greatest number of students. This is why we favor a need-based approach to financial aid.

We want to ensure that those who experience God’s call in their lives and desire to come to Princeton Seminary in faithful response to that calling are able to do so financially. Our need-based approach enables us to help make Princeton Seminary financially feasible for our entire student body, not just a select group. This is our way of supporting the faithful women and men who are willing to use their talents in the service of Christ’s church.

Approximately 95% of our full-time M.Div., M.A.C.E.F., M.Div./M.A.C.E.F. and MA(TS) candidates receive assistance through PTS grant or scholarship programs.  

Information for Current (continuing) Students

 
Financial aid application deadline is April 30, 2016.

Students need to complete the following:

- 2016-2017 FAFSA form available at www.fafsa.ed.gov

- Submit an official copy of your 2015 federal income tax return.

- Returning PTS Students use the Financial Aid Application

- Entering Students - If you do not yet have a PTS network account, please use the financial aid application available through the Admissions Home Page

 

 

Aid applicants may be required to submit additional documentation for need-based grant aid consideration, and will be required to submit additional application materials if applying for federal aid. Please visit the federal aid link for more information. 

PTS Financial Aid Online (PTS FAO)

Princeton Theological Seminary's Office of Admissions and Financial Aid has an online system, PTS FAO, where you can:

  • Access the Student Financial Aid Application
  • Track the status of your Student Financial Aid Application and other submitted documents
  • View your financial aid award
  • Track disbursements of grants and loans
  • View student loan history
  • Obtain financial aid forms

 

To access PTS FAO, you will need to log-in to the system with your six digit ID# and your financial aid PIN. Your six digit ID# can be found on your student ID Card or by accessing this link. If you have not previously used this PTS FAO system, you will need to use the "first-time user" link in the upper right of the log-in page in order to create your PIN.

LOG IN to PTS FAO

  

INFORMATION FOR PROSPECTIVE STUDENTS

Applying for Financial Aid:

  • To apply for financial aid, first complete the financial aid application. Following completion of the admissions application, a link to the financial aid application should appear at the bottom of the admissions application home page.
  • The 2016–17 Free Application for Federal Student Aid (FAFSA) should also be completed online at www.fafsa.ed.gov. The school code for PTS is G02626.
  • We'll also need a copy of your 2016 federal income tax return. If any additional forms are needed, we'll be in touch with you.
  • Once we have all of the items needed for your application, you'll receive an email from us. If you have any questions, please contact us.

Need-based Aid Programs:

  • PTS Grant—This grant is awarded to full-time students in the M.Div., M.A.C.E.F., M.A.(TS) and dual-degree programs. Eligible PCUSA students will 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 PCUSA church may receive 90% of the cost of tuition based on their calculated need.
  • Thomas W. Gillespie Grant—This PTS grant program is designed to provide up to $4,000 in additional aid to students currently owing $20,000 or more in student loan debt. This program is designed to help students who help themselves and requires recipients to work and to raise funding from outside sources in order to reduce their dependency on student loans. The Gillespie Grant is only available to M.Div., M.A.C.E.F., M.A.(TS) and dual-degree students.
  • PTS Presbyterian Loan Program—The Seminary offers eligible PCUSA students a low-interest loan, which has the potential to be forgiven if the recipient serves in an ordained ministry position in the Presbyterian Church (USA) after graduating. Eligible students may receive up to $4,000 per academic year through this PTS Loan Program. See the Student Financial Aid Handbook for further details on eligibility criteria.

Merit-based Aid Programs:

Although the vast majority of the aid we offer is need-based, we do offer merit-based scholarship aid to those students who have demonstrated outstanding academic excellence as well as a commitment to leadership within the life of the Church. About 10% of entering M.Div, Dual Degree and MA(TS) candidates are offered one of the merit based scholarships listed below. Applicants are considered for merit-based fellowships after the completion of an admissions interview and a short scholarship application.

  • Presbyterian Leadership Award—This award, covering the student’s full tuition plus $4,000, will be offered to a limited number of prospective students (up to 12 per year) who have demonstrated a high level of academic achievement and leadership in the Presbyterian Church (USA).
  • Seminary Fellowship—This scholarship, offered to a limited number of new admits (up to 14 per year) covers the student’s full tuition plus $1,500 during the academic year and is awarded to prospective students on the basis of outstanding academic achievement and demonstrated commitment to the life of the church.
  • Presidential Scholarship—This is the highest merit-based award offered to M.Div., M.A.(TS), and M.Div./M.A.C.E.F. candidates. Presidential Scholarship awardees will be selected from among our Seminary Fellowship and Presbyterian Leadership Award recipients, and the value of the Presidential Scholarship will augment the total amount awarded. The amount of money associated with this award varies and is dependent on the availability of Seminary resources and the total number of applicants considered for this award, but is currently set at $8,000. The committee will consider those applicants who demonstrate the highest levels of leadership and scholarship for this award. The Presidential Scholarship is renewable based on the maintenance of satisfactory academic progress and full-time enrollment, as well as participation in the life of the PTS community.