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Our
students uproot themselves and often their families to follow
the call of God to ministry. This often means, amongother
things, that their financial picture changes substantially.
Students must leave full time jobs to juggle part time work
with studies, spouses seek work for a short period of time
-- generally 2 to 4 years -- and, although Louisville Seminary
provides up to 100% of tuition for students with demonstrated
need, many students are forced to borrow to meet living expenses.
Upon graduation and entry into a first congregational call
they must then begin repaying debt with an often modest salary.
There are many ways that we can help these committed men and
women.
Scholarship
endowments provide the possibility for naming a fund or scholarship
either for the donor or in honor or memory of a treasured
teacher, friend or family member.
- A
gift of $400,000 will endow a merit scholarship for
aid to students who maintain a record of academic excellence
and who show exceptional promise for pastoral leadership.
These are full scholarships, covering both tuition and living
expenses.
- A
gift of $170,000 will also endow a tuition scholarship,
awarded to any student who, after applying their own resources
to their education, still demonstrates financial need.
- A
Doctor of Ministry scholarship endowment may be established
with a gift of $100,000. Earnings on these endowments provide
scholarship awards for pastors, many from small churches,
who want to sharpen their pastoral leadership skills through
continuing education in the Seminary's advanced degree program.
- Scholarships
for pastors pursuing continuing education; or stipends
for lay congregational leaders pursuing theological education
without ordination, may be established through an endowment
of $10,000 or more. Seminary graduates often leave with
an educational debt burden, answer a call which pays a modest
salary, and find themselves with scarcely more resources
to continue their formation in ministry than they had as
a first degree student. Continuing education provides for
life long learning and renewal.
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