Scholarships and Grants

Each student is responsible for financing the cost of his or her attendance at Aquinas Institute of Theology. Graduate study is an expensive undertaking. Thus, students may need to consider spending a portion of their savings and assets, pursuing support from sources such as parents, family, employer, their local parish, congregation, or denomination, and must be willing to pursue at least part-time employment.

Two types of aid are available through Aquinas Institute of Theology: (1) Aquinas Institute Scholarships and Grants; (2) Federal Stafford Loans.

Aquinas Institute uses the Free Application for Federal Student Aid (FAFSA) to determine eligibility for both federal financial aid and Aquinas scholarships and grants. Log onto www.fafsa.ed.gov to access their on-line services. After your FAFSA has been processed, you will receive a Student Aid Report (SAR). Aquinas uses a computerized version of your SAR to determine your eligibility for financial aid.

The financial aid committee also uses financial aid application materials, recommendations, and sometimes personal interviews to determine the type and amount of financial awards given. While federal loans may be obtained to cover ordinary living expenses such as housing and travel, Aquinas Institute awards scholarships and grants to cover the cost of tuition only.

ALL FINANCIAL AID IS CONTINGENT UPON AN APPLICANT BEING ACCEPTED AS A STUDENT.

Financial aid from Aquinas is primarily awarded to lay students enrolled in a degree program and priority is given to full-time students. Financial aid for ordained and religious persons is usually limited to those pursuing the Doctor of Ministry degree. Others who are ordained and members of religious communities should seek financial assistance from their diocese or order.

Students receiving discounted tuition rates, e.g. the Aquinas summer sessions, and those taking classes for CEUs or “audit” are not eligible for grants or scholarships.

All financial aid applicants are strongly encouraged to check out these other
useful websites:

  1. The Special Interest Column has links for Older Students, Female Students and Graduate Students.
  2. The Fund for Theological Education (FTE) posts scholarship information under Other Financial Resources. Please note FTE may use the language of Seminary; please understand that this applies to everyone, either a lay student or seminarian, seeking admission to Aquinas Institute of Theology for the M.Div. degree.
  3. The Missouri Higher Education Loan Authority provides students with needed capital to finance their education through its partnerships with local, regional and nationwide lending institutions

SCHOLARSHIP OPPORTUNITIES

To promote academic achievement, theological scholarship, and ministerial leadership, a limited number of Presidential Scholarships from Aquinas Institute provide full tuition for full-time students in the MA, MAPS, or MDiv programs. If available, these scholarships are awarded for up to three and one-half years of study, as long as the student maintains a full time academic load with a 3.50 or higher GPA.

GRANT OPPORTUNITIES

Aquinas Tuition Grants are awarded on the basis of financial need in amounts of up to 60% of tuition for full time students, and up to 35% of tuition for part-time students who submit a completed application for financial aid by the specified deadlines.

NOTES

You do not have to be accepted for admission to begin the financial aid application process. However, you must have already submitted at least part of your admissions application package (which includes: application form and fee, letter(s) of recommendation, transcripts, essays).

Financial aid is NOT automatic. Unless you have been awarded a Presidential Scholarship, you must apply for financial aid every academic year. Renewal forms will be distributed
each year to students already receiving financial aid from Aquinas.

DEADLINES: All materials for financial aid applications must be submitted by Mar. 15 for fall semester or Nov. 15 for spring semester. Financial aid applications received after the published deadline will be given consideration depending on the availability of funds.

PROCEDURES

Important: Read this PDF document first: Applying for Financial Aid.pdf

Complete and submit all REQUIRED Financial Aid Documents as listed below by Mar 15 for fall semester or Nov 15 for spring semester. Submit all completed forms to finaid@ai.edu:

  1. Aquinas Application for Financial Aid
  2. Aid Applicant’s Financial Profile Worksheet
  3. Budget Worksheet – Request this from the Financial Aid Office

Acquire a pin for signature purposes at www.pin.ed.gov. Your electronic pin can be used each year to electronically apply for federal student aid and to access your U.S. Department of Education records online.

Complete the Free Application for Federal Student Aid (FAFSA) online at www.FAFSA.ed.gov. To assist you in completing your FAFSA, complete the online Pre-Application Worksheet to print off a non-submittable FAFSA. This will help you familiarize and completing the actual online FAFSA.

D.Min. applicants only: You must also submit a letter from a competent ecclesial authority endorsing your participation in the program, stating that church or congregational funds are not available or not sufficient for financial support.

Aquinas Institute of Theology’s Title IV School Code is G01632 (0 is the number zero).

YOUR FINANCIAL AID AWARD LETTER

You will be asked to accept or reject the financial aid offer within 30 days. If you accept the offer, you must submit your deposit to Aquinas Institute of Theology by Jun. 1 for fall semester or Jan. 1 for spring semester.
This deposit will hold your spot in the incoming class. If you cannot submit a deposit by the deadline but you still want to start your studies, you must notify the Director of Admissions, giving reason(s) with your firm intent to enroll for the upcoming semester. Once you have submitted your deposit to Aquinas Institute or have contacted the Director of Admissions you will be invited to
register for the semester.

APPEAL PROCESS

If you believe the financial aid decision does not accurately reflect your need, you may request another review. Your request must
be in writing and should clearly state your reasons for the appeal. An appeal does not guarantee additional assistance.

ACADEMIC PROGRESS

Students must remain in good academic standing, (maintain a GPA of 3.00 or “B”) to remain eligible for financial aid. If a student falls below this standard he or she will have one semester on probation in which to return to good standing. If the student does not achieve good standing during that semester, they will be ineligible for future aid. However, they may reapply if they eventually meet
the academic requirements of their program.

FEDERAL LOANS PROGRAM

The purpose of the Federal Stafford Loan Program (formerly: Guaranteed Student Loan Program) is to provide low cost loans to help students finance their post-secondary education. These loans can be used to pay living expenses as well as tuition and books. Except for the very wealthy, most graduate students qualify for a Stafford Loan. Members of a religious order may not receive a subsidized loan; however, they may qualify for an unsubsidized loan.

Federal aid is available to U.S. citizens or eligible non citizens who qualify on the basis of financial need and make satisfactory academic progress. A student must reapply each year: renewal is dependent upon continued need for aid and maintenance of satisfactory academic progress.

Aquinas participates in the Stafford Loan program.

Students must be enrolled at least half-time and be U.S. citizens or eligible non-citizens.

Vowed religious are not eligible for subsidized loans.

For additional information regarding the federal loans program, please click here.

PROCEDURES

Complete the Free Application for Federal Student Aid (FAFSA) online at www.FAFSA.ed.gov. Approximately four weeks after
the submission of your FAFSA/Renewal FAFSA, the federal processor will forward your Student Aid Report (SAR) to you at the mailing address you provided. If you provided an email address, you will receive an email directing you to an online SAR. Aquinas will receive a computerized version of your SAR to determine your eligibility for financial aid.

Once you receive your SAR, review it carefully, verifying the following information:

  1. Your correct social security number is printed.
  2. Aquinas Institute of Theology is listed in the school code.
  3. There is an amount listed in the Expected Family Contribution (EFC) line at the top right of the form.
  4. If your social security number is NOT correct on the FAFSA, you will need to refile the FAFSA.
  5. If Aquinas is not listed or if there is no EFC amount listed on the SAR, correct the information
    on the SAR and return it to the address listed on the back of the SAR, or if you are making changes to the SAR information online, submit the corrections electronically.

COMPLETION OF THE MASTER PROMISSORY NOTE (MPN)

For New Students – you may complete the following online MPN procedures prior to your meeting with the Director of Financial Aid

  1. Go to http://studentloans.gov/myDirectLoan/index.action.
  2. Select “Apply for PIN”.
  3. After you have your PIN, select “Entrance Counseling”. Answer all questions and be sure to print a copy of your receipt to give to the financial aid office at Aquinas.
  4. After you have completed your entrance counseling, select “Sign Master Promissory Note”. Answer all questions and e-sign using your PIN number. Again, be sure to print a copy of your receipt for the financial aid office..
  5. Be advised that the e-signed MPN is valid for 10 years.

For All Students

  1. You must be officially registered for classes to finalize the Financial Aid Process.
  2. After you register for classes, let the financial aid office know how much you want to borrow.

Contact Info:

FINANCIAL AID OFFICE
Phone: 314.256.8804 or 314.256.8806
Fax: 314.256.8888
finaid@ai.edu