Catalogue 2008 Book - Austin Presbyterian Theological Seminary

Because of wide variations in personal living costs among a diverse student
population, the Seminary shares primarily tuition expense with students qualifying
for need-based financial assistance. The Seminary’s capacity to assist with
noneducational expenses is limited to subsidizing the costs of housing and meals
in the dining hall. Financial assistance is offered to full-time Master of Arts in
Theological Studies students and both full-time and part-time Master of Divinity
students. The fi nancial aid resources of the Seminary are applied according to the
following plan on a year-to-year basis, and then, ordinarily, solely on the basis of
demonstrated need. The publication Student Financial Assistance Program Policies
and Procedures, available from the fi nancial aid offi ce, contains
1. Grants: Master of Arts in Theological Studies and Master of Divinity
students may, by demonstrating need, and by meeting satisfactory academic
progress, qualify for an outright grant-in-aid from the Seminary, subject
to availability of funds. Grants offered through the Presbyterian Church
(U.S.A.) Offi ce of Financial Aid for Studies provide limited supplemental
assistance for Master of Divinity students who are Presbyterian inquirers
or candidates under care of a presbytery. These grants are also available to
Master of Arts in Theological Studies students planning to take a position
within the PC(USA) or one of the ecumenical agencies in which the
PC(USA) participates. Application is made through the Seminary’s Offi ce
of Financial Aid.
2. Racial Ethnic Leadership Supplemental Grants: Awards offered through
the Presbyterian Church (U.S.A.) Offi ce of Financial Aid for Studies
provide limited supplemental assistance for racial ethnic students who are
Presbyterian inquirers or candidates under care of a presbytery. Application
is made through the Seminary’s Offi ce of Financial Aid.
3. Long-Term Loans: Extended-term loans are available at reasonable rates of
interest to degree candidates from the Presbyterian Church (U.S.A.) and the
Federal Stafford Student Loan Program. Application is made through the
Seminary’s Offi ce of Financial Aid and takes approximately three weeks.
4, Short-Term Loans: Loans to meet unanticipated needs are available to
students through the Student Loan Fund administered by the vice president
for student affairs. Students should be aware that loans from this source are
due and payable upon separation from Austin Seminary and prior to the
awarding of a degree or issuance of a transcript.
5. Emergency Grants: In cases of emergency, grants may be awarded from
the Emergency Aid Fund administered by the vice president for student
affairs.
6. Jean Brown Scholarships: These academic scholarships are available to
qualifi ed MDiv students. (Refer to The Jean Brown Scholarships below.)
7. Presidential Scholarships: These scholarships are available to qualifi ed MDiv
students. (Refer to Presidential Scholarships in this section.)
8. Child Care Assistance: Limited funds are available to full-time students to
help offset the costs of child care. Application is made through the Seminary’s
Offi ce of Financial Aid.
9. Seminary Book Scholarship: Based on fi nancial need, limited funds are
available each year in the fall and springs term to full-time degree students.
The maximum award is $100 per student.
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FINANCIAL AID