Loan for Theological Studies – Presbyterian Church U.S.A.
Deadline: August 15
Theological students who are preparing for church occupations may be eligible for loans for the Presbyterian Church (U.S.A.). Applicants must be:
- U.S. Citizenship or Permanent Resident status.
- Member of a Presbyterian Church (U.S.A.)
- Enrolled as an Inquirer or Candidate for Ordination by a PC (U.S.A.) Presbytery
- Pursuing a first professional degree in preparation for a church occupation (MDiv and/or MACE)
- Demonstrate educational cost to justify the loan based on federal methodology – Must complete FAFSA
- Be making satisfactory progress toward a degree
- Demonstrate financial reliability
- Have less than $38,000 of education debt
Inquirers may borrow up to $3,000 through the first two years of seminary. To continue borrowing the student must be a candidate by the third or final year. Candidates may borrow $3,000 in the first year, and $6,000 in the second and third year. Total loan may not exceed $15,000, including any loans from PCUSA’s other student loan programs.
PCUSA members who are not Inquirer’s or Candidates may be eligible for loans from the Undergraduate/Graduate loan program. Borrowers in the Undergraduate/Graduate loan program are required to have a co-signer. Loan caps for graduate studies in the Undergraduate/Graduate loan program are customized for each student by PCUSA. Loan amounts may not exceed $5,000 per academic year.
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