Don’t let money determine your choice of seminary!
We want students at the School of Theology to be focused on study, service, and prayer, not worrying about finances. Therefore, our commitment to educating and forming a generation of leaders to serve the Church free from the burden of student debt is key.
If you feel called to the School of Theology and wish to become a member of this community of scholars and learners, let us look at any offers you may have received from other seminaries and help you compare funding against costs. We believe with confidence that if you can afford to attend any seminary, you can afford to attend Sewanee.
Here is what you should know about our financial aid program. In the 2017/18 academic year:
- The School of Theology awarded $1,583,378 in financial aid to 66 students.
- 98.5 percent of degree-seeking students received some form of aid.
- The average award was $7,000 above and beyond the cost of tuition.
- In addition to their aid, students with work assignments typically earned $1,500–$2,500 from work study.
These questions may be helpful in understanding your aid and costs.
1) Is cost calculated on a 9-month or 12-month year?
- For students in residence for multiple years, we calculate based on 12-month budgets.
- Students in one-year programs or in the final year of a multi-year program should estimate expenses based on 10 months.
2) Are work study earnings included in the aid estimate?
- We do not include those estimates.
3) Are parish and diocesan support included in the aid estimate?
- We do not include other forms of support.
4) What figures are used in estimating cost of attendance? Ours include:
- Books & Supplies
5) How are costs adjusted based on house members? Rent, health insurance, utilities, food, etc.?
- We have a cost of living adjustment calculation for households of 2, 3, 4, 5, and 6+ members.
6) What percentage of graduates typically has incurred student loan debt while in seminary?
- For degree-seeking students who graduated in May 2017, 17 percent (6 of 35) had accumulated federal student loan debt during the course of their degree program, and the average total debt was $20,000. For May 2018 graduates, 4 percent (1 of 25) had accumulated student debt, and the average total debt was $6,400.
- A majority of these borrowers had costs unrelated to seminary that affected their need to borrow (supporting adult children, sending multiple children to private school, etc.) with no resources to support those costs.
If you feel called to the School of Theology and wish to become a member of this community of scholars and learners, let us look at any offers you may have received from other seminaries and help you compare funding against costs.