Financial
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.
The Seminary has several kinds of financial aid available: Tuition Scholarships, Presidential Scholarships, and Educational Loans. Scholarships are funds that do not need to be paid back.
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 will receive a 100% Tuition Scholarship. 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 Scholarship. Note that required fees are not covered by Tuition Scholarships.
Students may decline to receive Seminary tuition support if requested.
Veterans and Military Servicemembers 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. As enrolled students, Veterans and Military Servicemembers can receive support on matters related to academic advising and registration from Erin Hamilton at ehamilton@lpts.edu or (502) 992-5429.
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:
- 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.
All students interested in federal student aid must 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 your FAFSA and, based on the information provided, will determine eligibility for the Federal Loan Program and the Federal Work Study Program.
Federal Unsubsidized Loan: Graduate Students may be eligible for 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 half-time student.
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.
Tuition
Cost of Attendance/Student Budget
2022-2023 Academic Year
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 his/her/their standard of living, spending habits, and values.
2022-2023 Full-Time Master’s Degree Programs, Nine Month
| Expense | On Campus | Commuter |
|---|---|---|
| Tuition (27 credits) | $11,502 | $11,502 |
| Fees | $586 | $586 |
| Books (27 hours x $25) | $675 | $675 |
| Room/Board | $6,120** | $12,148 |
| Transportation | $2,496 | $2,496 |
| Personal* | $8,251 | $8,251 |
| Average Federal Loan Fees | $156 | $156 |
| Total | $29,786 | $35,814 |
*Tuition rate by credit hour is $426
*Personal care
**Two Bedroom
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 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
Louisville Seminary fees for 2022-2023. Fees, and rates are subject to change.
| Expense | Price |
|---|---|
| DMin - Flat Fee | $14,500.00 |
| Program Continuation Fee (per term after six terms) | $750.00 |
| Technology Fee (per semester) | $125.00 |
| Fees Charged Per Semester | |
| 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 | |
| Late Registration | $76.00 |
| Add/Drop Fee (per class) | $17.50 |
| Audit (per credit hour) | $70.00 |
| Other Fees | |
| 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 |
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.
