… [A]ll students entering the master of divinity degree program will receive aid to cover the full cost of tuition and fees as well as generous need-based aid to be used toward up to 100% of household living expenses, such as housing, food, utilities, transportation, books and supplies, and health insurance. M.Div. applicants who require financial assistance beyond full tuition and fees are required to demonstrate financial need through the financial aid application process. Need-based awards are calculated on the basis of income from all sources in relation to expenses.
Sewanee joins Virginia Theological Seminary in making the traditional, 3-year residential program much more affordable for students. VTS began offering similar aid for the current academic year. According to its financial aid website,
In a move that will help ensure the Seminary’s goal of making theological education accessible to all, effective immediately all students applying for financial aid with a combined adjusted gross income (single/family) less than $150,000 annually and/or combined assets less than eight times the respective Cost of Residency category (see below) will receive a package that includes:
• The cost of tuition;
• The cost of housing;
• The cost of a meal plan (for single students – three meals weekday, for all others – the lunch-only plan); and
• A maximum contribution of $4,000 towards healthcare cost for those selecting the VTS sponsored health insurance plan.
The grants must be used to make loan payments above and beyond the normal repayment/amortization schedule (i.e., principal) and will be awarded on the basis of financial need and the demonstrated capacity to manage debt, handle day-to-day finances and plan for the future. Grants will range from $3,000-$5,000 and will be paid in one lump sum.