Financial Aid

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.

Financial Aid

At Louisville Seminary, we are pleased to have funds available to offer generous financial aid packages to students including:

Scholarships

Presidential Scholarships are awarded based on academic achievement and/or a promise for ministry. Current scholarships are for $20,000 a year for up to three years of full-time study, and tuition costs are paid from the scholarship.

All admitted master’s-level students who do not receive a Presidential Scholarship may be eligible to receive a Whosoever Tuition Scholarship that is designed to embody the inclusive and welcoming mission of Louisville Seminary, ensuring that no one is excluded from pursuing theological/higher education due to financial constraints. It also reaffirms our commitment to lessen the financial indebtedness upon completing a degree program.

Whosoever Scholarship Details:

Eligibility: The "Whosoever Tuition Scholarship" is open to all full-time and part-time master’s level students enrolled at Louisville Seminary, irrespective of their background, denomination, ethnicity, gender, or financial status.

Application Process: Upon acceptance into a master’s level degree program, candidates may apply for the "Whosoever Tuition Scholarship". The Financial Aid office will then run calculations to determine income and expense debt ratios to determine needs and scale.

Financial Assistance: Recipients of this scholarship will receive financial assistance on an as-needed basis to help cover tuition costs.

Funds from a Tuition Scholarship 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 Scholarship.
Note that required fees are not covered by Tuition Scholarships.

Bookend Scholarships - Fund that is meant to help master’s‐level students with the cost of purchasing books.

GUIDANCE YOU CAN COUNT ON!

There are a multitude of scholarship opportunities available to help you meet your educational goals. Often, scholarships for seminarians are offered by faith-based organizations, nonprofit foundations, and individual academic institutions. Financial need and academic performance also may be considered. Most deadlines are in the spring, so be sure to start your research early.

Please contact Jennifer Anderson, Financial Aid Coordinator, at janderson@lpts.edu or call (502) 992-9380 for personalized attention to help you navigate all financial aid opportunities.

ALL STUDENTS (EXCEPT INTERNATIONALS) ARE REQUIRED TO COMPLETE THE FREE APPLICATION FOR FEDERAL STUDENT AID (FAFSA) FORM

Apply online at www.fafsa.gov. Louisville Seminary’s Federal School Code: G001974

The Office of Financial Aid will review all submitted FAFSA’s based on the information provided. Then, for all accepted students, will determine eligibility for the Whosoever Tuition Scholarships, Federal Loan Program, and the Federal Work Study Program.

Federal Financial Aid

Louisville Seminary has two financial aid programs which are supported by federal funds: The Federal Direct Loan Program and the Federal Work Study Program.

To be eligible for either you must:

  • File a FAFSA
  • Be a U.S. citizen or an eligible noncitizen
  • Have a valid Social Security Number
  • Be working toward a degree
  • Maintain Satisfactory Academic Progress once you’re in a postsecondary school
  • Not be in default on previous federal loans
    **Additional eligibility requirements may apply.

Federal Unsubsidized Loan: Graduate Students may be eligible for up to a maximum of $20,500 per academic year in Unsubsidized Federal Loans. These must be repaid, and interest begins to accrue at disbursement. Repayment begins once a student graduates, withdraws, or becomes less than a part-time student.

Federal Title IV-Related Loan
Admitted Doctor of Ministry students are eligible for Title IV-related federal student loan programs. If making appropriate progress in the degree program, DMin students may also be verified as such by the Registrar in order to defer prior educational loans. DMin students who are interested in applying for federal student loans should contact Jennifer Anderson, Financial Aid Coordinator, for details at janderson@lpts.edu.

For more information on Federal Student Loans please visit: https://studentloans.gov/myDirectLoan/index.action

Federal Work Study provides part-time jobs for graduate students with financial need, allowing them to earn money to help pay education expenses. The program encourages community service work and work related to the student's course of study.

Veterans and Military Service

Veterans and military service members can consult with the Financial Aid Coordinator Jennifer Anderson about tuition polices and matters related to cost of attendance, federal loan eligibility, and on-campus employment.

Tuition

Cost of Attendance/Student Budget for the 2024-2025 Academic Year can be found in the table below.

Student Budgets are designed to provide students with an accurate projection of reasonable costs and to enable the financial aid office to formulate an appropriate aid package.

Actual living expenses for each student will vary based on their standard of living, spending habits, and values.

2024-2025 MASTER DEGREE PROGRAMS
(Nine Months)

Expense On Campus
(Full-Time)
Commuter
(In person, not living on campus)
Online
(Part-Time)
Tuition (27 credits) $15,120 $15,120 $7,280
(13 credits)
Fees $586 $586 $586
Books (27 hours x $25) $675 $675 $325 (13 x $25)
Room/Board $6,390** $12,148*** $12,148***
Transportation $2,496 $2,496 n/a
Personal* $8,251 $8,251 $8,251
Average Federal Loan Fees $156 $156 $156
Total $33,674 $39,432 $28,746
Tuition rate for Master Degree programs by credit hour is $560
*Personal care
**Two Bedroom
***DOE estimated average cost of living for the state of Kentucky.

2024-2025 DOCTOR OF MINISTRY PROGRAM
 

Expense Cost
Tuition (for the entire program)* $15,950
Books and incidental costs for 4 seminars and 3 elective courses $2,000
DMin Project Report Binding (Reference the Dmin Project Report Formatting Guide & schedule for fees based on additional options) $45
Technology Fee ($250 per year x 3-year program) $750
Total $18,745
*Doctor of Ministry Degree program tuition rates are locked in based on entering cohort year. Subsequent cohort tuition subject to change. The total above does not include costs for programs, conferences, or other classes not associated with Louisville Seminary. Students should also consider other costs such as travel to and from Louisville, housing costs, food, etc.

Louisville Seminary has the authority to use professional judgment to adjust the Cost of Attendance on a case-by-case basis to allow for special circumstances. The student should submit a written explanation and documentation to be considered.

Federal guidelines consider consumer debt a lifestyle choice and does not include it in the eligibility calculations.

Fees

Fees and rates are subject to change.

Fees Charged Per Semester Cost
Community Activity $56.00
Student Services $9.00
Academic Support Services $78.00
Copyright Fee $25.00
Non-Degree Student Fee $98.00
Technology Fee $125.00
Academic Fees Cost
Late Registration $76.00
Add/Drop Class (per class) $17.50
Audit (per credit hour)* $70.00
Other Fees Cost
Application - (MDiv/MAR/MFT) $50.00
Application - (DMin) $75.00
Graduation (all degree programs) $76.00
Transcript (per copy; current students do not pay) electronic $7.50, paper $10.00

*Current, full-time students are eligible to audit one class for free per semester.

FINANCIAL AID COST CALCULATOR COMING SOON!

Other 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.

Contact the Financial Aid Office

Jennifer Anderson

Financial Aid Coordinator
800-264-1839 ext. 380
Email Jennifer