Financial Aid and Scholarships

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External Support

Funding from external sources such as churches, foundations, and denominational offices should be vigorously pursued. The Student Financial Planning Office will assist you in seeking resources within your denomination. Outside grants often serve to reduce the loan burden students would otherwise have. Students who are inquirers or candidates with the PC (USA) may apply for Presbyterian study grants and racial ethnic leadership supplemental grants through the Office of Student Financial Planning.

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The Seminary participates in the Federal Direct Loan Program. Eligible students may borrow up to $8,500 per year through the subsidized Direct loan program. Additional loans are available to eligible students through the unsubsidized Direct loan program. These loans are repayable after graduation, withdrawal or less than half-time enrollment status. Payment begins after a six-month grace period following graduation or withdrawal. An entrance interview is required for students borrowing under the Direct Program.

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McCormick’s need-based tuition grant program represents the largest amount of aid given to students. These grants are made possible by the generosity of many individuals and organizations, including those listed below, and awarded to students of all denominations on the basis of financial need. Contact the Student Financial Planning Office for information about your eligibility. To receive first consideration for grant assistance, complete a financial aid application as early as possible and well in advance of the beginning of your enrollment.

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Applicants completing the McCormick admission application by March 1 will be considered for merit scholarships. All applicants wishing to be considered for a merit scholarship must be interviewed by a faculty member. Criteria which the Scholarship Committee uses in naming recipients of the Merit Scholarships are:

While many students are able to finance their program without financial assistance, others need access to financial aid. Students develop a financial plan which typically includes a combination of denominational, church, family, foundation and other outside support, part-time employment, seminary grant funds, and, if necessary, loans.