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Description
Theological education is one of the most costly forms of graduate
education. Recognizing that fact, Louisville Seminary provides
some form of financial assistance to over 82 percent of its
student body. In addition, resources are available to help
students defray the cost of their education. Part-time jobs,
employment for spouses, and field placements are a few of
the opportunities that can provide supplemental income.
Following
admission, individual financial programs are arranged with
each student. These provide a planning guideline enabling
both the student and Louisville Seminary to chart costs, measure
financial need, and appropriate assistance in the form of
scholarships, grants, loans, or advice.
Louisville
Seminary's scholarships and financial aid programs provide
substantial help for students. Extensive resources make it
possible to offer financial assistance to all full-time students
whose private resources fall short of covering the costs of
seminary study. Louisville Seminary offers a variety of financial
aid: including tuition grants, scholarships, and student loans.
Louisville Seminary's many grants, financial aid, and scholarship
programs, coupled with personal financial planning, can greatly
reduce financial stress for both the student and recent graduate.
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Scholarships for Excellence
Candidates for these scholarships must be nominated for these awards by
a Minister of the Word and Sacrament, an Elder in the Presbyterian Church
(USA), or by Louisville Seminary.
Norma
Tate Rich Scholarship - Offered to one Presbyterian Church
(U.S.A.) student displaying outstanding potential for church
leadership, the Norma Tate Rich Scholarship provides up to
$12,000 toward tuition, fees, books, and living expenses for
up to three years of full-time study.
Sharon Elaine Smith
Scholarship - Offered to one student displaying outstanding potential
for church leadership, the Sharon Elaine Smith Scholarship provides up
to $12,000 toward tuition, fees, books, and living expenses for up to
three years of full-time study. Candidates are not required to be in the
Presbyterian Church (USA).
Presidential Scholarships
- Available to Presbyterian Church (USA) students demonstrating outstanding
potential leadership in the church, Presidential Scholarships provide
up to $20,000 for tuition, fees, books, and living expenses. This merit
award is annually renewed for the three-year MDIV degree program.
The John Olert
Scholarship - A renewable three-year scholarship offered to a Presbyterian
Church (USA) student displaying outstanding potential for ministry and
church leadership, The John Olert Scholarship provides up to $15,000 toward
tuition, fees, books, and living expenses.
The
New Horizons Scholarships - Supporting students from particularly
challenged backgrounds and with a goal to broaden students'
awareness of other cultures, the New Horizons Scholarships
cover expenses other than tuition. These scholarships are
offered to students in both Masters and Doctoral programs.
Dean's Scholarships
- Available to individuals demonstrating outstanding potential leadership
in the church, Dean's Scholarships provide $12,000 each year for tuition,
fees, books, and living expenses for up to three years of full-time study.
The
Henry P. Bridges Scholarships - Applicants from Presbyteries
in East Tennessee, Holston, Western North Carolina, Baltimore,
National Capital, or New Castle who intend to work as Ministers
of the Word and Sacrament are encouraged to apply for Henry
P. Bridges Scholarships. These scholarships cover many of
the educational expenses for the completion of a degree at
Louisville Seminary.
Patterson Scholarships
- Patterson Scholarships were established in 1933 by Dr.
Walter Kennedy Patterson, and for more than 70 years
have provided scholarships in the area of biblical studies,
theology, and church history with a special emphasis in
the biblical languages. These scholarships are awarded
to Presbyterian (USA) students with at least a B average
(3.0) or better in their undergraduate college work and
who are under the care of a Presbytery either as an inquirer
or a candidate. Students who have demonstrated
promise in biblical studies, theology, and church history
through excellence in the undergraduate study of humanities
(including such disciplines as literature, philosophy,
the natural sciences, religion, history, and the fine
arts) are eligible, with preference given to those who
have completed a two-year course of study in either
college Latin or college Greek.
In addition, candidates
who apply for admission to Louisville Seminary and are
approved before their senior year in college may receive
$1,000 to offset the expenses of the last year of college.
Recipients also are eligible to compete for fellowships
for post-seminary work.
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Nomination
Dates Scholarship Nomination
Form Nomination Forms can also be obtained from the Office of Admissions.
Forms must be received by February 15 each year. Nominees must have a
completed admission application on file with the Office of Admissions
by February 15.
Nomination
Form
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Financial Aid Programs
Tuition Grants - Tuition grants are based on financial
need, and Louisville Seminary is able to provide grants for
up to 100 percent of tuition for students who demonstrate
full need.
Federal
Work Study - Federal Work Study is also an option for
qualified students.
Veteran's
Administration Benefits - Louisville Seminary is approved
for the training of veterans and others eligible to receive
V.A. benefits.
Stafford
Loans and Perkins Loans - These two federal programs support
eligible students who are making satisfactory progress toward
educational objectives. Normally, these loans accrue no interest
and require no repayment until after graduation. Repayment
is arranged over several years at low interest rates.
Emergency
Loan Fund - These cover unanticipated/unplanned emergency
financial problems.
Denominational
Grants/Loans - Many denominations offer grants and loans
to help with unsecured expenses for candidates for ministry.
Louisville Seminary works to help students apply for these.
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Student Income Opportunities Field Education Stipends -
Field education opportunities equip students with practical experiences
outside of the classroom. Each field education position pays a stipend
over eight-and-one-half months. Typically, students work approximately
16 hours each week (earning approximately $300 per month). Summer allows
more work time, typically 25 to 40 hours a week.
Student
Supply Pastors - Advanced students also are eligible to
serve as student supply pastors. These positions may offer
larger stipends (approximately $500 per month) than field
education placement but are only available to advanced students.
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