Financial Aid

Phillips Theological Seminary provides tuition assistance so that no deserving student is denied the opportunity to obtain a theological education because of the cost. Phillips provides financial assistance through:

Aid Programs

SEMINARY TUITION AID GRANTS 2018-2019

Phillips provides tuition aid grants to students who maintain satisfactory academic progress and are enrolled in the Master of Divinity, Master of Arts in Ministry and Culture, Master of Theological Studies, Master of Arts (Social Justice), or Doctor of Ministry program.

Tuition aid grants are distributed as follows:

  • DOC/UCC Students: 80%
  • All Other Students: 60%
  • Underrepresented Racial/Ethnic Groups: 80%

 

ADDITIONAL FINANCIAL AID PROGRAMS FROM PHILLIPS THEOLOGICAL SEMINARY

Textbook Voucher Program – For more information, contact MaryAnn Morris, Director of Admissions and Student Services, at MaryAnn.Morris@ptstulsa.edu.

Travel Voucher Program – For more information, contact MaryAnn Morris, Director of Admissions and Student Services, at MaryAnn.Morris@ptstulsa.edu.

 

VETERANS

Educational benefits are available to veterans. For more information, go to: Veterans Benefits.

 

FEDERAL STUDENT LOANS
As a graduate institution of higher education, Phillips Theological Seminary is authorized by the Department of Education to offer only Federal Direct Unsubsidized Student Loans to degree-seeking students. To be eligible, students must maintain at least 6.0 credit hours of enrollment status and complete the Free Application for Federal Student Aid (FAFSA). The Phillips school code is 017239. For more information on federal direct unsubsidized student loans, go to: Federal Direct Loans

For assistance with Financial Aid options at Phillips, contact:
MaryAnn Morris, Director of Admissions & Student Services, at 918-270-6464

Debt Management

What Is Loan Consolidation?
  • If you have multiple student loans you may be able to combine them into one loan with a fixed interest rate based on the average interest rates on the loans being consolidated.
  • A Direct Consolidation Loan allows you to consolidate multiple federal education loans into one loan at no cost to you.
  • Through your completion of the free Federal Direct Consolidation Loan Application and Promissory Note, you will confirm the loans you want to consolidate and agree to repay the new Direct Consolidation Loan.
  • Once the consolidation is complete, you will have a single monthly payment on the new Direct Consolidation Loan instead of multiple monthly payments on the loans you consolidated.
  • https://studentaid.ed.gov/sa/repay-loans/consolidation

Understanding Repayment Plans

  • Understanding how to repay your federal student loans can save you a lot of time and money.
  • Repayment plans can give you more time to repay your loans or can be based on your income.
  • Your loan servicer can help you:  find the right repayment plan for you, learn how to make payments, negotiate unaffordable payments, see what circumstances might result in a loan being forgiven, canceled, or discharged.
  • https://studentaid.ed.gov/sa/repay-loans/understand/plans

          The Standard Repayment Plan

  • This repayment plan saves you money over time because your monthly payments may be slightly higher than payments made under other plans, but you’ll pay off your loan in the shortest time. For this reason, you will pay the least amount of interest over the life of your loan.
  • When it comes time to repay your loans, you have the option to choose a repayment plan. If you don’t choose a different repayment plan, your loan servicer, the company that handles the billing and other services on your federal education loan, will place you on the Standard Repayment Plan.
  • Payments are fixed and made for up to 10 years (between 10 and 30 years for consolidationloans).
  • https://studentaid.ed.gov/sa/repay-loans/understand/plans/standard

         The Extended Repayment Plan

  • The Extended Repayment Plan allows you to repay your loans over an extended period of time.
  • If you need to make lower monthly payments over a longer period of time than under plans such as the Standard Repayment Plan, then the Extended Repayment Plan may be right for you.
  • Payments are made for up to 25 years.
  • https://studentaid.ed.gov/sa/repay-loans/understand/plans/extended

         The Graduated Repayment Plan

  • The Graduated Repayment Plan starts with lower payments that increase every two years.
  • If your income is low now, but you expect it to increase steadily over time, this plan may be right for you.
  • Payments are made for up to 10 years (between 10 and 30 years for consolidation loans).
  • https://studentaid.ed.gov/sa/repay-loans/understand/plans/graduated

         The Income-Sensitive Repayment Plan

  • The Income-Sensitive Repayment Plan is available to low-income borrowers who have Federal Family Education Loan (FFEL) Program loans.
  • If you need to make lower payments on your FFEL Program loans, this plan may be for you.
  • The payments under this plan increase or decrease based on your annual income.
  • https://studentaid.ed.gov/sa/repay-loans/understand/plans/income-sensitive

         The Income-Driven Repayment Plan

  • Income-driven repayment (IDR) plans are designed to make your student loan debt more manageable by reducing your monthly payment amount.
  • If you need to make lower monthly payments or if your outstanding federal student loan debt represents a significant portion of your annual income, one of the following income-driven plans may be right for you:
    • Revised Pay As You Earn Repayment Plan (REPAYE)
    • Pay As You Earn Repayment Plan (PAYE)
    • Income-Based Repayment Plan (IBR)
    • Income-Contingent Repayment Plan (ICR Plan)
  • https://studentaid.ed.gov/sa/repay-loans/understand/plans/income-driven
Understanding Default
Deferment and Forbearance
Forgiveness, Cancellation, and Discharge
MyEdDebt.ed.gov
  • If you are a loan borrower who defaulted on federal education debt and have not repaid per your loan requirements, use this Web site for information and tools to help you resolve your debt.
  • https://myeddebt.ed.gov/borrower/
Loan Servicers

Scholarships

Matthew A. Thompson Fellowship for Student Leaders @ 100% Full Tuition (up to 24 hours)

The Matthew A. Thompson Fellowship for Student Leaders requires the completion of an application, including a written essay and two references.  One qualified student will receive the award, which will cover 100% full tuition, fees, a book stipend and a living stipend.  Application is made in the spring.  One fellowship is available per year.  Criteria required:

  • Currently enrolled full-time in a master’s degree
  • Good academic standing at Phillips, which means maintaining a 2.5 GPA or higher
  • Essay Components: Reflects upon the student’s [1] understanding of leadership and [2] quality of leadership offered in the Phillips Theological Seminary community
  • Reference Components: [1] a fellow Phillips student and [2] a Phillips faculty member
  • The FAO will email the Application & Reference forms to students by Mar 15; submission deadline is April 15

 

Robert T. and Harriet M. Peake Endowed Scholarship @ 100% Full Tuition (up to 24 hours)

The Robert T. and Harriet M. Peake Endowed Scholarship requires the completion of an application, including a written essay and two references.  One qualified DOC student will receive the award, which will cover 100% full tuition, fees, and a book stipend.  Application is made in the spring.  One scholarship is available per year.  Criteria required:

  • Affiliation with the Christian Church (Disciples of Christ)
  • Currently enrolled full-time in a master’s degree program
  • Good academic standing at Phillips, which means maintaining a 2.5 GPA or higher
  • Essay Components: Demonstrated qualities of [1] leadership, [2] devotion to Christ, [3] outreach involvement, and [4] intellect without ego
  • Reference Components: [1] a leader in the student’s church/ministry setting and [2] a Phillips faculty member
  • The FAO will email the Application & Reference forms to students by Mar 15; submission deadline is April 15

 ADDITIONAL OUTSIDE SCHOLARSHIP RESOURCES

Outside Scholarships – Resource list with links to multiple outside scholarships.

Student Payments

Students, please use our new form to pay your student account by clicking on the button below.

Student Payment

Donors, please use Give Online to make a gift.

For questions about tuition payments, contact Toni Imbler.

For questions about textbook voucher payments, contact MaryAnn Morris.

For questions about Logo Wear payments, contact Joseph Edwards.

For questions about charges to your credit card, contact Karen McMillan.

Please direct other student payment questions to the Office of Student Services.


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