10.0 Financial Policies and Procedures

10.1    Payment and Refund Policy
10.2    Tuition and Fees
10.3    Financial Aid
10.4    Billing Errors and Inquiries
10.5    Returned Check Policy

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10.1      Payment and Refund Policy

Students are expected to meet tuition, fees, library, and other obligations when they are due. Students will not be allowed to have transcripts or other information released, or graduate, if money is owed to the Seminary. Students will be allowed to register for courses but will not be able to start a course until all outstanding balances are paid.

  • Bills with clear due dates are provided. Balances not paid within 30 days of the due date may incur a late fee.
  • Payments will be accepted in cash, by check or credit card.
  • Refunds are provided for tuition and fees if the student drops courses by the published deadline. A fee will be charged for any course dropped less than 21 days before the start of the course see section 5.3, “Registration Procedures.” There are no refunds for withdrawn courses or late fees.
  • The seminary does not cover added costs for programs such as CPE, AMERC, or the Hispanic Summer Program even though it grants credit for work done in them.

 

10.2      Tuition and Fees

Tuition and fees are subject to change each academic year. Students are encouraged to consult the school’s website for current information.

 

10.3      Financial Aid

Financial aid is available to students who file the Free Application for Federal Student Aid (FAFSA). Aid in the form of student loans is available to qualifying students. The FAFSA can be filed online at https://fafsa.ed.gov/. Students should request that a copy of the processed results be sent to LTS by entering the school code G01971. For additional financial aid and scholarship information, students should contact the Director of Financial Aid.

10.3.1      Scholarships

  • Each Disciples of Christ or United Church of Christ M.Div., M.T.S., Certificate in Pastoral Ministry with credit, or Special student who has been an active member of a Disciples of Christ or UCC congregation for a year or longer and who is under care of his/her regional commission on the ministry will receive a scholarship of 50% per credit hour up to the total number of credits required by the program.  All D.Min. and Certificate in Congregational Renewal and Leadership Students, and all other M.Div., M.T.S., Certificate in Pastoral Ministry with credit, or Special Students will receive a scholarship of 30% per credit hour up to the total number of credits required by the program.  Each Roman Catholic M.P.S. student will receive a scholarship of 50% per credit hour up to the total number of credits required by the program.  Students who retake any coursework because they have failed the coursework will receive no scholarship aid for that retaken coursework.
  • LTS provides up to 10 full-tuition scholarships for outstanding M.Div. students. These scholarships will be given for a maximum of four years.
    • The 10 full-tuition scholarships will be offered at a rate of one or two per year to students. These scholarships will be awarded by the LTS Scholarship Committee to any student, regardless of denomination, who meets the criteria for “potential for excellence in ministry.” No criteria beyond a record of past academic success, exceptional promise for a future in congregational ministry and the ability to successfully complete a minimum of 12 credit hours per calendar year apply to these scholarships. The scholarships are available for four years only and are non-renewable.
    • Disciples of Christ students and UCC students who receive these full-tuition scholarships will not simultaneously be eligible for the 50% tuition scholarship listed above.
  • No scholarship aid will be provided to non-credit certificate students or auditors.
  • Students receive no scholarship aid while on probation.

10.3.2      Loans

  • Federal Stafford Loans: Federal Stafford loans are available to Lexington Theological Seminary degree-seeking students. For additional information, contact the Director of Financial Aid.
  • VA Loans: LTS is an approved school for students who qualify for Veterans Administration Benefits.

 

10.4      Billing Errors or Inquiries

All billing inquiries should be made of the Director of Financial Aid.

 

10.5      Returned Check Policy

A student whose check is returned to the Seminary for insufficient funds will be charged a $50 returned check fee for each check returned. If a second check is returned for insufficient funds the student will be denied check payment privileges for their remaining time at seminary.