FINANCing Your Seminary education
Knox Seminary seeks to keep educational expenses as low as possible. While tuition amounts to only approximately one-third of the actual cost of operating the Seminary, we do everything we can to ensure that no student is turned away for financial reasons.
Students who need financial assistance to meet the costs of masters-level tuition are encouraged to apply for a financial scholarship. A number of scholarships have been established through the generosity of families and friends who have been faithful supporters of Knox:
SCHOLARSHIP APPLICATION PROCEDURES
Limited scholarships may be available. Awards for the scholarship funds are determined by the Scholarship Committee. While awards are primarily based on financial need, other criteria include academic achievement, spiritual maturity, and ministry potential. Some scholarships have specific requirements in addition to the application form. Each student must be sure to submit any additional requirements with the application.
New Students: To be eligible, the applicant must be admitted to a program of study and apply prior to the first class.
Unless otherwise noted, a scholarship is granted for the academic year. Renewal will be considered automatically but it is not guaranteed.
THE CHURCH PARTNERSHIP PROGRAM
This is a scholarship program whereby the Seminary joins together with the local church to support students and their financial and ministerial needs. The Seminary will match up to one-third of the cost of tuition provided by the church. In other words, if the church contributes one-third and the student contributes one-third then the Seminary will contribute the final one-third of the tuition costs. Arrangements must be made through the Business Office. This partnership helps keep the Seminary linked to church ministries.
Many students find significant support from their home churches, through organized funds, or from individuals within the church. Students may want to speak with their pastor regarding assistance with education
ADDITIONAL FUNDING SUPPORT
For those seeking additional scholarship resources, the following sources may be helpful:
FUND FOR THEOLOGICAL EDUCATION (FTE)
FTE offers support to help gifted young people explore and respond to God’s calling in their lives. Our mission is to advance excellence as we encourage caring, capable, and courageous young adults from diverse backgrounds on their journey to become pastors and scholars—the next generation of leaders for the church. For more information, visit http://www.thefund.org.
Lilly Endowment Inc. was established in 1937 by members of the Lilly family (Eli Lilly and Company — pharmaceutical company), to support the causes of religion, education and community development, placing special emphasis on projects that benefit young people and promote leadership education and financial self-sufficiency in the non-profit, charitable sector. For more information, visit:
The Henry Luce Foundation was established in 1936 by Henry R. Luce, the co-founder