Financial Information for Prospective Students

Are you planning to pursue theological education?
If so, you are considering an educational journey that promises to be full of excitement and hope and faith.  Yet, as you consider this journey, it is important to ask some “down to earth” questions.  The reality is that a majority of students need to borrow money in order to pursue theological education.  In the past few years, it has come to light that an increasing number of students in the United States are graduating from seminary with debt and that some who graduate find the task of repaying loans difficult.  Some find the level of debt can impact their ministry after graduation.  The good news is that students can manage the costs associated with theological education by making informed decisions regarding finances.  At Lexington Theological Seminary, we take the problem of student debt seriously, as do many other seminaries.  We hope that LTS students will avoid debt, or at least keep it to a manageable level.  We also hope that students integrate their financial decisions with a sense of stewardship that will help them to flourish in ministry after graduation.  Financial aid counseling, as well as academic courses and other resources are provided to help students make informed financial decisions.

LTS Tuition Break-down »

Making Seminary Affordable:
Our students tell us that earning a degree from LTS is very affordable. The seminary offers scholarships to offset the cost of tuition. For a complete list of scholarships offered, click here.

Financial Aid:
Lexington Theological Seminary degree seeking students who are attending at least half-time (2.5 credits per quarter) may elect to obtain Federal Direct Unsubsidized Loans.  Our goal is to help you keep your educational indebtedness as low as possible.  Average salaries of clergy nationwide suggest that students could manage to repay $28,000 in loans without significantly affecting their standard of living.  A conservative approach to borrowing can be a realistic way to finance a significant portion of your theological education after all other financing options are exhausted.

Under Department of Education regulations, all graduate student loans are made as unsubsidized loans.  All loans will carry a 1.069% fee.  Interest will begin to accrue on all loans disbursed, from the date of disbursement.  The current loan interest rate is 6.00%.

A student who wishes to apply for a Direct Loan should submit a Free Application for Federal Student Aid (FAFSA) to the U.S Department of Education after having completed their federal income tax return.  Only students planning to borrow a Stafford loan need to submit a FAFSA.  The FAFSA web site address is  The federal school code for LTS is G01971.

Once a FAFSA has been submitted the student should contact the financial aid office, via email, to inquire about their loan eligibility.  Borrowers will also need to complete a Master Promissory Note and Entrance Counseling before funds may be disbursed.

By law, you may not receive aid in excess of your demonstrated financial need or cost of attendance.  You should borrow cautiously and only request those amounts absolutely essential for your educational expenses.

For additional financial aid and scholarship information contact Windy Kidd (859) 280-1237, or by email,  If you would like more information on the financial counseling process, click here.


♦ Updated 10/2/17