Scholarships & Clergy Debt
Seminary students may apply for scholarships if they meet the following criteria:
- Must be a certified candidate in the Pacific Northwest Conference.
- Must be making progress toward graduation.
- Must be accepted in a degree program from a University Senate approved seminary.
- 1st year $2500
- 2nd year $2500
- 3rd year $2500
- 4th year $2500, if required by the university for graduation. Maximum of $10,000.
Part time students may be eligible for the same maximum amount of $10,000. However, scholarships will be granted to part-time students in smaller amounts.
Applicants may apply only for the year they are presently enrolled. This cannot be applied retroactively for previous years of enrollment.
It is necessary to reapply every year by October 1st.
A registrar’s signature or other proof of registration is required.
The application forms are on the Pacific Northwest Conference website.
Other scholarships are available through GBHEM: https://www.gbhem.org/scholarships/list-of-scholarships/ Including the GBHEM Excellence in Clergy Leadership Scholarship (Press Release).
Forum for Theological Education also has grant and fellowship opportunities, especially for doctoral students and students of color.
Women in seminary or course of study are eligible to apply for the Ruth Award (not administrated by BOM): Ruth Award Application.
It may also be worth asking your local church if they have any scholarships available.
Churches are now eligible employers for Public Service Loan Forgiveness. See if you are eligible here: https://studentaid.gov/manage-loans/forgiveness-cancellation/public-service
Wespath also offers Financial Planning Services which “are available to all active participants and surviving spouses with an account balance in Wespath-administered plans, as well as to terminated and retired participants with an account balance of at least $10,000.”
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