St Vladimir’s Seminary awards and distributes its financial resources with a view toward Christian charity and stewardship. Most seminary students receive some form of financial assistance (see Types of Financial Aid), and students should be mindful that such aid is a privilege to be enjoyed thanks to many benefactors who have graciously given funds to the seminary.
All students are considered financially independent. Therefore, parental information is not required to determine need. The seminary does, however, require financial information from spouses of married students and full disclosure of grant and scholarship assistance from outside sources, such as, but not limited to, parish, diocesan, and archdiocesan education funds.
To be eligible for financial aid from St Vladimir’s Seminary, a student must live on campus, be enrolled at the seminary on a full-time basis as a degree candidate, and be making satisfactory progress toward completion of the degree. To be considered full-time, students must be enrolled for at least twelve credits per semester. To be eligible for U.S. Government loans, students must be degree candidates and enrolled for at least six credits per semester.
Students enrolled on a full-time basis (as defined above) are eligible to receive aid from the seminary only for the number of semesters necessary for normal completion of a degree program. Therefore, M.Div. candidates are eligible to receive financial aid for no more than six semesters; M.A. candidates for no more than four semesters; and Th.M. candidates for no more than two semesters.
Satisfactory progress toward completion of a degree program is measured not only by a student’s successful completion of courses but also by satisfactory participation in the seminary’s extra-curricular activities of chapel worship and community service.
Exception in the Case of Probation or Special Needs. A residential degree candidate whose course load has been reduced by the Faculty Council in the case of probation or by the Associate Dean for Academic Affairs in the case of a student with special needs (see Disability Services) remains eligible for financial aid on a pro-rated basis, as long as he or she is enrolled for at least six credits and is otherwise making satisfactory progress toward completion of program requirements.
Financial Aid Application
St Vladimir’s Seminary awards or renews all grants and scholarships once a year during the spring application process. After the financial aid deadline has passed the seminary is able to consider new financial aid awards only if funds remain available and/or on a wait-listed basis. After the award or renewal of a grant or scholarship the seminary is unable to consider modified requests for financial assistance.
Prospective Students. Prospective students who seek need-based financial aid granted or administered by the seminary (including U.S. Government loans) must complete the seminary’s Financial Aid Application, also contained in the Application Packet. In addition, domestic students are required to complete the FAFSA (Free Application for Federal Student Aid). Application materials and an estimated expense budget are usually available online in late December or early January. The deadline for financial aid applications is April 1. All applications received after April 1, or incomplete applications received prior to the deadline but completed after April 1, will be considered for financial aid only if funds remain available and/or on a wait-listed basis.
Returning Students. Returning students must reapply for financial aid each academic year. The required forms are the FAFSA (for domestic students) and the seminary’s Financial Aid Application. The financial aid deadline is April 1. All applications received after April 1, or incomplete applications received prior to the deadline but completed after April 1, will be considered for financial aid only if funds remain available. Award notifications normally begin once final grades for the spring semester have been received by the Financial Aid Office.
Financial Exigency. If a student should experience significant, unforeseen financial difficulty after the award/renewal period and the exhaustion of financial aid funds, he or she is encouraged to speak to the Associate Chancellor for Finance prior to the beginning of the semester in order to arrange a formal payment plan.
Important Additional Information
Matching Grant Opportunity
All need-based tuition grants consist of two components: an outright tuition grant and a matching grant opportunity. Outright grants are applied directly against a student’s tuition. Matching grant funds are released on a dollar-to-dollar basis with funds received from outside ecclesial bodies or organizations, such as dioceses, parishes, parish organizations, church aid organizations, or church scholarship funds.
Probation and Loss of Award
Any student who does not meet the minimum conditions for retaining a seminary grant or scholarship, as defined for each grant or scholarship, will be placed on probation for the following semester.
If a student withdraws from the seminary during the semester under circumstances permitting a refund of fees, then eligible fees will be refunded—to student, matching donor organization, scholarship fund—on the basis of an official withdrawal date and in accordance with the seminary’s refund schedule.
Types of Financial Aid
The seminary administers four types of financial aid: need-based tuition grants, need-based scholarships, merit scholarships (Th.M. program only), and U.S. Government loans. Awards are made annually but are distributed one semester at a time to eligible students, as defined above. The amount given per semester will normally be one half the total award for the year.
U.S. Government Loan Programs
The seminary participates in the William D. Ford Federal Direct Loan Program. This program allows students to borrow funds to help meet their educational costs at the post-secondary level and is available to U.S. citizens and permanent-resident aliens. Applicants must be in good academic standing and enrolled at least half time, and they may not be in default on any previous loans.
Please feel free to contact the Associate Dean for Academic Affairs with any questions about financial aid or the financial aid application process.