We have many generous benefactors committed to supporting lay ministry and theological education. Their gifts allow lay students, like you, 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 part-time lay students.
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.
Need-based tuition grants may offset tuition costs up to 75 percent.
You may apply for need-based tuition assistance by completing the Free Application for Federal Student Aid (FAFSA) form if you meet the following criteria:
- you must be
a citizen, eligible non-citizen or permanent resident of the United
- you must maintain progress toward a degree; and
- you must
continue to demonstrate need on financial-aid applications
To apply, go to www.fafsa.ed.gov. Our school code is G07276 (0 is a zero, not the letter O).
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 dispersed. 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.
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.
Lay Ministry Grant Program
If you are engaged in paid or volunteer lay ministry, you may qualify for an additional tuition discount. "Ministry" includes, but is not limited to, positions such as pastoral associate, pastoral life coordinator, director of religious education, music minister, catechist, chaplain, teacher in a parochial school or denominationally sponsored social service provider.
Matching Grant Program
We will match an employing agency's grant up to $150 per term. You may apply for this grant each term-fall, spring and summer-by filling out the Matching Grant Form. Contact the Financial Aid Office to get the Matching Grant Form.
Diversity Scholarship Program
Diversity Scholarships are available to part-time or full-time students who meet the scholarship criteria. If you are of non-Anglo ethnic or racial heritage, you may qualify for scholarships while pursuing a master's degree in theology. For information or to apply, contact the Director of Lay Degree Programs.
Marsha and Fred Souders Endowment
The Marsha and Fred Souders Endowment helps fund special learning opportunities, such as Holy Land studies, a study tour of Rome or programs of the Mexican-American Cultural Center.
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. If you are a new student applying for veterans' educational benefits, contact the Registrar upon your arrival at Saint Meinrad.
You are eligible for a 30% discount on tuition if you hold a Saint Meinrad degree (graduate or undergraduate). You can apply discounted courses toward a graduate certificate, but not another degree.
For further information about all financial assistance opportunities, contact the Director of Financial Aid at (888) 455-3329 or email@example.com.
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 receive.
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 statement.
The grace period for loan repayments for Federal Subsidized Stafford Loans will begin on the day you withdraw from the School of Theology. You should contact the lender if you have questions regarding the grace period or repayment status.