Admissions & Aid - Princeton Theological Seminary

Financial Aid Overview

The Financial Aid Program at Princeton Theological Seminary

Your Princeton Theological Seminary degree will engage your faith, prepare you to answer God’s call, and expand your spiritual and professional opportunities. It’s a foundational investment in your future that will result in a lifetime of impact.

But that transformative investment requires significant resources — so we offer a variety of financial aid options to make it possible for you to answer God’s call. The vast majority of our students receive at least one type of aid to support their studies.

Financial aid options range from low-interest loans to need-based grants and merit-based scholarships. Explore the resources below to learn more about how we can help you reach your goals.

Cost Calculator Contact Financial Aid

Program-specific Financial Aid Opportunities

The types of aid you’ll qualify for depend on which program you’re pursuing. Here’s an overview.

Master’s Programs

Funding options at the master’s level include both scholarships and need-based funding. In fact, more than 90% of our MDiv, MACEF, MTS, and dual MDiv/MACEF students receive grants or scholarships.

We also offer low-cost housing on campus to bring your expenses down even further.

Explore scholarships and grants for master’s students

PhD Program

As a PhD student here, you’ll enjoy a generous financial package that covers the full cost of tuition plus an annual stipend. We also offer a variety of scholarships for the most exceptional doctoral applicants.

Learn more about financing your PhD studies

Apply for Aid

The process of applying for financial aid depends on your program and whether you’re looking for need-based or merit-based awards. Use our Cost Calculator to get an estimate of the aid you’re likely to get.

Merit-Based Aid Program

Each year, we award merit-based scholarships to outstanding graduate students. These scholarships are awarded as part of the admissions process; that is, you don’t have to submit a separate application to receive one.

To be considered for a merit-based scholarship, submit your admissions application (along with all supporting materials) and complete an interview before January 15.

Need-Based Aid Programs

To apply for need-based financial aid, start by submitting the admissions application. Next, complete the Free Application for Federal Student Aid (FAFSA) online. The school code for Princeton Seminary is G02626.

Once we receive your FAFSA results, you will get access to the PTS application for aid. We’ll also need a signed copy of your most recent federal income tax return. We will contact you if any additional forms are needed.

Once we have everything we need, we will review your application and follow up with you via email. Questions? Contact Princeton Theological Seminary’s Office of Student Financial Services.


Important Financial Aid Resources

We understand that navigating financial aid can be stressful, and we’re here for you. We’ve collected all the resources you need, including specific grant and loan applications and a list of external awards you may be eligible for.

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Student Spotlight
The financial aid I received allowed me to study, improve my skills as a pastoral care provider, and develop my gifts for ministry.

Chris McNabb

MDiv ’16

Next Steps

We’re committed to helping you build a strong future, and we’re invested in your success. Please reach out if you have any questions, or apply today. We look forward to helping you establish the foundation for your ministry.