Saint Meinrad has many generous
benefactors committed to supporting theological education. Their
gifts allow students to take advantage of the quality academic,
spiritual and personal formation offered by our school. We give
equal consideration for financial aid awards to full-time and
To be eligible for federal or Saint
Meinrad financial aid, you must meet and maintain our standards of
satisfactory academic progress toward a degree. If you are placed
on academic probation, you will lose all subsequent financial
assistance until you are removed from academic probation.
Should you withdraw from the school
while receiving financial aid, you will be responsible for repaying
a portion of aid.
Remember to submit all applicable
forms each year to receive financial aid.
Federal Direct Student Loans
Federal Direct Student Loans are available through the federal
government. These loans (up to $21,500 annually) are at a variable
interest rate and are unsubsidized. That is, interest accrues on
the loan from the date it is disbursed. To qualify, you:
must be enrolled in at least 6 credits per semester;
must submit a
FAFSA form online and
contact the Director of Financial Aid at Saint Meinrad Seminary
and School of Theology for further direction.
Return of Title IV Funds
Title IV funds are awarded under the assumption that you will
attend school for the entire period for which the assistance is
awarded. When you withdraw, you may no longer be eligible for the
full amount of Title IV funds that you were originally scheduled to
Federal law specifies how your school must determine the amount
of Federal Student Aid (FSA) assistance that you earned up to the
time you withdraw. At Saint Meinrad, we apply the same guidelines
to institutional aid.
When you withdraw during your payment period, the amount of
financial aid that you have earned is determined on a pro-rated
basis. For example, if you completed 30% of the term, you earn
30% of the assistance you were originally scheduled to receive. The
Office of Financial Aid will determine the actual percentage.
If you received less assistance than the amount that you earned,
you may be able to receive those additional funds. If you received
more assistance than you earned, the excess funds must be returned
by the school and/or you.
If you are responsible for returning a loan, you have a
six-month grace period to repay the loan. If you are responsible
for returning a grant, you will incur a charge on your school
The grace period for loan repayments for Federal Subsidized
Stafford Loans will begin on the day you withdraw from school. You
should contact the lender if you have questions regarding the grace
period or repayment status.
A number of part-time positions are available at Saint Meinrad
for full-time or half-time students through the federal work-study
program. Positions include clerical and other office work. Your FAFSA
application determines whether you are eligible to participate
in the program.
Government Assistance to Veterans
Saint Meinrad Seminary and School of Theology has been approved
for veterans' educational benefits under Section 1775 of Title 38
of the United States Code. New students applying for veterans'
educational benefits should contact the Registrar upon their
arrival at Saint Meinrad.
Theological Book Endowment
Should he not have them already, each seminarian beginning his
studies at Saint Meinrad receives the following books: Liturgy
of the Hours (four-volume set), Catechism of the Catholic
Church, and the Harper-Collins Study Bible, NRSV
At the appropriate times during his course of studies, each
seminarian also receives the Code of Canon Law, the
Sacramentary and a study edition of the Lectionary.
The donation of these books to our seminarians is made possible by
the Theological Book Fund, an endowment established by an anonymous
benefactor who wished to ensure that all seminarians could begin
their priestly formation and education with the basic theological
Multicultural Ministry Funds
Master of Divinity students who participate in the Mexican
American Catholic College Spanish-language programs or other
intensive language programs that prepare them to minister with the
Hispanic community are eligible to apply for grants from Saint
Meinrad's GAR Foundation Endowment. Depending on the number of
applicants and funds available per year, monies are awarded to help
with room, board, tuition and personal expenses.
Funds are also available through the Arnold F. and Barbara T.
Habig Endowment for Priestly Ministry in the Multicultural
Marsha and Fred Souders Endowment
The Marsha and Fred Souders Endowment was established to help
fund special learning opportunities for students, such as Holy Land
studies, a study tour of Rome or programs of the Mexican American
Financial Aid Notification
All financial aid awards are subject to availability of funds.
Students who receive an award letter for financial aid are
responsible for signing up for classes and submitting their
paperwork in a timely manner to ensure they receive the funds.
For further information about all
financial assistance opportunities, contact the Director of
Financial Aid at (888) 455-3329 or (812) 357-6518 or firstname.lastname@example.org.