Financial Matters

I am overwhelmingly grateful to my scholarship sponsors. I hope my life and future ministry will honor and make worthwhile this opportunity with which they've so generously blessed me.
-Madison Munoz, MDiv | Ocala, FL

The financing of a seminary education is made possible through the gifts of people in the church and society, and Seminary investments of those funds. At Louisville Seminary, we are pleased to have funds available to offer generous financial aid packages to students.

The Seminary has several kinds of financial aid available: Tuition Grants, Scholarships for Excellence and Educational Loans. Scholarships and Tuition Grants are funds that do not need to be paid back.

Scholarships for Excellence are awarded based on academic achievement and/or a promise for ministry. Current scholarships are for $20,000 a year, and a student's full-time tuition costs are paid from the scholarship.

All admitted master’s-level students who do not receive a Scholarship for Excellence will receive a 100% Tuition Grant. These funds pay for the cost of tuition for the hours required for a degree. Students need to maintain minimum hours of enrollment to maintain a Tuition Grant. Note that required fees are not covered by tuition grants.

Students may decline to receive Seminary tuition support if requested.

Scholarships for Excellence

My scholarship sponsors need to know how much I appreciate their generosity and that I intend to be an agent for change that will one day be deserving of their great generosity.
-Brian Hauser, MDiv | Clarion, PA

The Seminary awards generous scholarships to candidates with evidence of high academic distinction and outstanding potential for leadership in the church. Students applying for the Master of Divinity and Master of Arts degree programs are considered for Scholarships for Excellence. All applicants with a minimum of 3.3 grade point average (on a 4.0 scale) in undergraduate and prior graduate study are automatically reviewed for scholarships based on academic achievement. Other candidates are nominated by a pastor or governing body official, or by Louisville Seminary. Some of these candidates may carry a 2.5 GPA minimum if they also demonstrate a profound promise for ministry.

​Scholarships for Excellence are awarded for the academic year. They are renewable each year upon the annual evaluation of the recipient’s grade point average, character and commitment to ministry. All awards are for a maximum of three academic years of full-time study for the Master of Divinity degree and the Master of Arts in Marriage & Family Therapy program and a maximum of two academic years of full-time study for the Master of Arts (Religion). Educational credits that are transferred in toward a degree at Louisville Seminary may impact a student’s eligibility for scholarships. Please check with the Office of Recruitment and Admissions for details.

All scholarship recipients receive and sign a document confirming understanding of their LPTS financial awards each year.

All admitted master’s-level students who do not receive a Scholarship for Excellence will receive a 100% Tuition Grant. These funds pay for the cost of tuition for the hours required for a degree. Students need to maintain minimum hours of enrollment to maintain a Tuition Grant. Note that required fees are not covered by tuition grants.

All tuition grant recipients receive and sign a document confirming understanding of their LPTS financial awards each year.

Presidential Merit Scholarships for Excellence
These scholarships identify individuals who have exhibited a strong level of academic excellence in their undergraduate preparation for Seminary. As a result of the work they have shown, the expectation at Louisville Seminary is for academic success to continue and to help fashion the foundation for their lifetime in ministry and vocation. These scholarships are therefore based on strong academic merit. Louisville Seminary is graced to stand beside such accomplishment and to offer scholarships of up to $20,000 per year. Merit scholarships can be annually renewed for the three-year degree program, usually in the MDiv degree program.

The EDUCAnderson Presidential Scholarship
A renewable three-year presidential scholarship, the EDUCAnderson Scholarship is unrestricted and provides up to $20,000 toward tuition, fees, books, and living expenses.

The John Olert Presidential Scholarship
A renewable three-year scholarship offered to Presbyterian Church (USA) students displaying outstanding potential for ministry and church leadership, The John Olert Scholarship provides up to $20,000 toward tuition, fees, books, and living expenses. The John Olert Scholarship has as its preference students who are members of any of the churches which John Olert served in the course of his ministry: Fourth Street Presbyterian, Owensboro, Ky.; First Presbyterian Church, Owensboro, KY; First Presbyterian Church, St. Joseph, Mo.; Knox Presbyterian Church, Cincinnati, Ohio; Grosse Pointe Woods Presbyterian Church, Mich.; Church-by-the-Sea, Ft. Lauderdale, Fla. If there are no candidates from these congregations, then the recipient shall be a member of the Presbyterian Church (U.S.A.).

The Dr. Walter Kennedy Patterson Presidential Scholarship
A renewable three-year scholarship offered to Presbyterian Church (U.S.A.) students with at least a B average (3.0) or better in their undergraduate college work and who are under the care of a Presbytery either as an inquirer or a candidate. Students who have demonstrated promise in biblical studies, theology, and church history through excellence in the undergraduate study of humanities (including such disciplines as literature, philosophy, the natural sciences, religion, history, and the fine arts) are eligible, with preference given to those who have completed a two-year course of study in either college Latin or college Greek. The Patterson Scholarship provides up to $20,000 toward tuition, fees, books, and living expenses.

The Patterson Scholarship was established in 1933. For more than 70 years, this scholarship has recognized excellence in the area of biblical studies, theology, and church history with a special emphasis in the biblical languages. In addition, candidates who apply for admission to Louisville Seminary and are approved before their senior year in college may receive $1,000 to offset the expenses of the last year of college. Recipients also are eligible to compete for fellowships for post-seminary work.

The Norma Tate Rich Presidential Scholarship
A renewable three-year scholarship offered to Presbyterian Church (U.S.A.) students displaying outstanding potential for church leadership, the Norma Tate Rich Scholarship provides up to $20,000 toward tuition, fees, books, and living expenses.

The Rev. Arnold O. Schaap Presidential Scholarship
A renewable three-year scholarship offered to students displaying outstanding potential for church leadership. Preference will be given to Presbyterian students who plan to enter pastoral ministry in a congregational setting upon graduation. The scholarship provides $20,000 toward tuition, fees, books, and living expenses.

The Sharon Elaine Smith Presidential Scholarship
A renewable three-year presidential scholarship, the Sharon Elaine Smith Scholarship provides up to $20,000 toward tuition, fees, books, and living expenses. Candidates are not required to be in the Presbyterian Church (USA).

Promise for Ministry Scholarships for Excellence
These scholarships honor individuals who, by the merit of previous experience and performance in roles of leadership, demonstrate to their respective Churches and church leaders great promise for leadership in ministry. This is a significant component that distinguishes Louisville Seminary’s Scholarship for Excellence Program among other seminary scholarship programs. Where the Church sees gifts and skills for ministry, Louisville Seminary is graced to partner in this unique way to provide the means to prepare and hone that rich promise and to offer scholarships of up to $20,000 per year. Promise for Ministry scholarships can be annually renewed for up to three years.

The Rogers Foundation Promise for Ministry Scholarship
A renewable three-year promise for ministry scholarship, the Rogers Foundation Scholarship is an open, non-restrictive Promise for Leadership in Ministry Scholarship and provides up to $20,000 toward tuition, fees, books, and living expenses.

The Dean K. and Rebecca M. Thompson Promise for Ministry Scholarship
A renewable three-year promise for ministry scholarship, the Thompson Scholarship is offered to students who demonstrate a pastoral heart and understanding that represent the call and commitment to long-distance pastoral ministry, which the Thompsons have incarnated and advocated throughout their own ministries by providing up to $20,000 toward tuition, fees, books, and living expenses.

The Peggy Able Wagner Promise for Ministry Scholarship
A renewable three-year promise for ministry scholarship, the Peggy Able Wagner Scholarship has as its preference international students and provides up to $20,000 toward tuition, fees, books, and living expenses.

Educational Loan Funds

The Seminary has two financial aid programs which are supported by federal funds. These are Direct Stafford loans and the Federal Work Study Program. To be eligible for either of these types of financial aid, a student must be making satisfactory progress toward educational objectives.

Federal Direct Loan – This program enables students to borrow up to a maximum of $20,500 per year from the unsubsidized Direct Loan program. Direct Loans disbursed on or after July 1, 2015 have a fixed interest rate of 5.84%. Interest begins to accrue immediately for unsubsidized Direct Loans, but students have a six-month grace period after graduation or withdrawal from Seminary before payments begin on the loan principal.

Click here to Use the Free Application for Federal Student Aid (FAFSA®) form to apply for financial aid.

Tuition

Louisville Seminary fees for 2018-2019. Tuition, fees, and rates are subject to change.

price
Tuition
*MDiv, MA, per credit hour$426.00
*DMin - Flat Fee
Starting January 2017 for all DMIN tracks$11,500.00
Advanced Practice of Ministry & Black Church Studies Track (pre-2017)$8000.00
Pastoral Care and Counseling Track (pre-2017)$9000.00
Program Continuation Fee (per term after six terms)$750.00
Fees Charged Per Semester
Community Activity$31.00
Student Services$9.00
Academic Support Services$78.00
Copyright Fee$25.00
Non-degree Student Fee$98.00
Academic Fees
Late Registration$76.00
Add/Drop Fee (per class)$17.50
Audit (per credit hour)$70.00
Other Fees
Application - (MDiv/MAR)$50.00
*Application - (MAMFT)$135.00
Application - (DMin)$75.00
Graduation - (all degree programs)$76.00
Transcript (per copy; current students do not pay)$5.00
SBTS Recreation Facility/Health Clinic (per semester)$350.00
*MDiv candidates normally carry an annual course load of 27 credit hours, if full-time,and 15 credit hours, if half-time.
*The flat tuition fee may be paid in six equal installments over three years.
*All MAMFT applications go through a Master of Family Therapy Centralized Application System (MFTCAS), which is web based and can be found on the Seminary website. The cost is collected through the MFTCAS system.

Student Income Opportunities

Field Education Stipends - Field education opportunities equip students with practical experiences outside of the classroom. Each field education position pays a stipend over eight-and-one-half months. Typically, students work approximately 16 hours each week (earning approximately $300 per month). Summer allows more work time, typically 25 to 40 hours a week.

Student Supply Pastors - Advanced students also are eligible to serve as student supply pastors. These positions may offer larger stipends (approximately $500 per month) than field education placement but are only available to advanced students.

Campus Housing

Studio housing and apartment housing are assigned on a multilevel priority-based system. Some students may need to find space off-campus.

For students accepted for classes in the fall semester, the first housing deadline is April 15. Please contact the Office of the Dean of Students at (800) 264-1839, ext. 367 or (502) 992-9367 for further details. A Residential Handbook with a detailed outline of this policy is available.

Studios and efficiencies are furnished. One-, two-, and three-bedroom apartments are unfurnished. Students in apartments must supply dishes, silverware, linens and cooking utensils. All inquiries about housing should be directed to the Housing Coordinator.

Housing rates are subject to change annually.

Apartment Lease Rates (Monthly)

sizeprice
Efficiency$522.00
Studio$542.00
One Bedroom$602.00
Two Bedroom (small)$676.00
Two Bedroom (large)$695.00
Three Bedroom$874.00

Utilities
The cost for heating, cooling, electricity, and cable TV are included in the apartment lease rates.

Off-Campus Housing Options
Louisville Seminary is situated near three of Louisville's loveliest neighborhoods. Each features a wide variety of rental apartments and housing. To the north, Crescent Hill neighborhood offers the least expensive rental units. To the east, the City of St. Matthews offers family-oriented housing. To the west, the Highlands offers a broad range of apartment and housing rentals at an equally broad range of prices.

On-Campus Dining
The Seminary cafeteria serves lunch Monday through Friday during the academic year. A limited schedule is available during the semester breaks.