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The purpose of financial aid is to help supplement a student’s resources in order to cover educational expenses.
Federal Direct Loans
Christ the King Seminary participates in the Federal Direct Loan program. Eligible graduate students must be:
- U.S. citizens or eligible non-citizens as determined by the criteria on the Free Application for Federal Student Aid (FAFSA).
- Enrolled for a minimum of 4.5 credit hours in a semester.
- Matriculating toward a degree.
Students interested in borrowing from the Federal Direct Loan Program should follow these steps:
- Complete the Free Application for Federal Student Aid (FAFSA) each year. Electronic filing is the most expedient. First, obtain a federal Personal Identification Number (PIN) at www.pin.ed.gov if you have not already obtained one for a previous semester. This will serve as your electronic signature. You will use this PIN each year, so keep your record in a safe place.
- The Seminary uses the FAFSA form to determine financial need. Visit www.fafsa.gov to complete the FAFSA form. Be sure to include Christ the King Seminary’s Title IV code which is G0282200.
- The Finance Office will receive an electronic copy of your FAFSA information and will contact you regarding your eligibility once the information is received.
- Be sure to inform the Finance Office of your education plans (number of credits you expect to take each semester) so that your award can be properly determined. You should include fall, spring and summer semesters.
- Visit www.studentloans.gov and complete a Master Promissory Note (MPN)
- Select the green “Sign-in” button on the left and sign-in using your FAFSA Pin
- Select “Complete Master Promissory Note”
- Select “Unsubsidized”. First time student loan borrowers must also complete loan entrance counseling in order to receive a loan. (Previous student loan borrowers are not required to complete another entrance counseling session.) Select the green “Sign-in” button on the left and sign-in using your FAFSA Pin.
- Select “Complete Entrance Counseling”.
Federal Direct Loan Program facts
- Students may borrow a maximum of $20,500 in Federal Direct Loan funds per financial aid year. For enrollment periods beginning with Fall 2012, all graduate Direct Loans are unsubsidized.
- The current interest rate for the Direct Loan will be the current fixed rate. A 1% origination/default fee may be deducted from the loan at disbursement.
- Interest begins to accrue while the student is enrolled. Beginning with the Fall 2012 semester, all graduate Direct loans have a fixed interest rate of 6.8%.
Jordan Parish Assistance Programs
Through the generous bequest of CKS benefactor Helen Jordan, the Jordan Parish Assistance Program (JPAP) was established. The program is open to all commuting students enrolled in degree programs regardless of denomination. Beginning with the Fall 2012 semester, the JPAP program will pay 50% of the tuition charges of participating students. The student’s parish is responsible for 25% and the student is responsible for the remaining 25% as well as student fees and thesis/research papers. Students are required to submit a new sponsorship form to their parish each academic year. Students must maintain a 2.0 cumulative average and complete their degree requirements within the statute of limitations. This program is available on a first-come, first-serve basis. Further information is available in the Finance Office.
Click HERE for the Jordan Parish Assistance Program application form.
Other Financial Aid
The Seminary also offers other financial grants and scholarships. Application forms are available in the Finance Office or on the Finances page of the Seminary’s website. Deadlines are as follows:
To be eligible for student loans as well as Seminary scholarships and grants, a student must be enrolled as a matriculant or provisional matriculant in a degree program.
Click HERE for the graduate student grant application form.