McCormick Theological Seminary is committed to helping qualified students attend seminary, regardless of their ability to pay. A wide range of financial aid is available, including merit scholarships, need-based tuition grants, and loans. On- and off-campus employment is also available.
McCormick's Office of Student Financial Planning offers support and assistance for those seeking to manage the financial aspects of their seminary education.
For more information on scholarships, loans and grants, as well as student employment, please contact Tabitha Clark, Director of Student Financial Planning, at 773/947-6309 or firstname.lastname@example.org.
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Financial Aid Offered Through McCormick
McCormick Theological Seminary has several financial aid options to meet the needs of incoming and current students. The following links provide general information about McCormick's financial aid resources:
Through its excellent Merit Scholarship program, McCormick Theological Seminary seeks to encourage and support the brightest and most promising students who demonstrate outstanding potential for leadership in the church. These scholarships range from $15,000 to $25,000.
To be considered for a Merit Scholarship, prospective students must complete the McCormick application for admission by March 1. There is no separate scholarship application, and all admitted students will be considered for Merit Scholarships by the McCormick faculty. Those receiving awards will be notified by April 1.
Merit Scholarship Criteria
Merit Scholarships are awarded to incoming full-time students and are renewable annually.
Need-based Tuition Grants
Need-based Tuition Grants, which cover all or part of tuition costs, are awarded based on financial need. These grants are made possible by the generosity of various donors. Download the application here .
Need-based Tuition Grant Criteria
Applying for a Need-based Tuition Grant
Need-based Tuition Grant Deadline
Although it may be necessary to borrow money to pursue your education, McCormick urges students to do so with great care. Salaries of seminary graduates are generally not substantial enough to support a large loan repayment program. McCormick's Office of Student Financial Planning can provide more information about subsidized and unsubsidized Federal Stafford loans.
Applying for a Direct Loan
To receive a Direct loan, students must:
A variety of jobs available, both on- and off-campus are available for all McCormick students. McCormick also participates in the Federal Work-study Community Service Program.
Seminary Loan Forgiveness
The Presbyterian Church U.S.A. offers loan forgiveness in certain situations. If you graduate and serve in a part-time or temporary pastoral position in a PC(USA) congregation of 150-members or less, you may be eligible for loan forgiveness through the PC(USA) Board of Pension's Theological Student Loan Forgiveness Program. For more information, see http://www.pcusa.org/news/2011/4/19/financial-aid-studies-announces-new-theological-st/  and the Board of Pensions website at http://www.pensions.org/portal/server.pt?open=514&objID=246&mode=2 .