Financial Aid – Payne Theological Seminary

The primary purpose of Financial Aid at Payne Theological Seminary is for students who do not possess the financial resources to gain the education necessary for effective service in ministry.

Financial Aid is a cooperative venture involving both the student and the school. It is expected that a faithful effort on the part of the student and the institution is made to acquire financial resources.

Payne makes every effort to meet the financial needs of its students. Financial need is defined in the U.S. Department of Education Federal Student Aid Regulations (The Blue Book) as the difference between the total cost of attending Payne and the total resources available to the student. The available assistance is directed primarily to educational costs including tuition and fees.

The Financial Aid Program at Payne is based on three areas of support. All three areas are utilized to provide the maximum possible assistance for the student based on demonstrated financial need.

1

Federal Financial Aid is available to students taking a minimum of six hours per semester and may be increased to accommodate educational expenses such as additional credits and travel for intensive classes. The Financial Aid Office is in charge of administrating these programs.

2

The African Methodist Episcopal Church’s General Scholarship Fund may make an annual contribution for each A.M.E. residential student enrolled in at least six credit hours in the Seminary during the Fall semester.

3

Funds from A.M.E. Episcopal Districts may be given in support of their students, as well as other outside scholarship resources.

Regulations for Students Receiving Financial Aid

Payne Theological Seminary defines a full-time student as anyone enrolled for nine or more credit hours per semester in the Master of Divinity program and 8 credit hours per semester in the Doctor of Ministry program the maximum time allowed for the completion of the Master of Divinity program by a student receiving federal financial aid is ten years.

All students who wish to utilize federal financial aid must have a signed Title IV form on file.