SFS Grants & Scholarships
Grants & Scholarships
Sioux Falls Seminary has three grants students may qualify for, but students are only eligible to receive one grant per year. Grants are awarded to students with at least 5 credits per semester. Students who receive a grant are still eligible for ministry and merit-based scholarships. Grants and Scholarships are subject to change on an annual basis.
Sioux Falls Seminary Tuition Grant
A grant in the amount of up to 20% of a student's tuition cost will be offered to North American Baptist students going into the Master of Divinity or Master of Arts in Christian Leadership programs. Students receiving this grant must be a member of a North American Baptist church and intend to serve in a North American Baptist church or other approved ministry upon graduation.
Emerging Leaders Grant
The purpose of this grant is to encourage recent college graduates sensing a call to ministry to pursue theological education. Students must have a bachelor's degree from an accredited college or university to be eligible for the grant and must enter seminary within two years of graduating. Full-time students who meet these criteria will get up to a 15% reduction in their tuition cost.
Leadership Advancement Grant
Students who have shown leadership potential may receive a Leadership Advancement grant of up to 15%.
Merit scholarships are awarded in the fall semester only. These scholarships are chosen by Sioux Falls Seminary faculty and are awarded to students who excel in specific areas of ministry and study. Merit scholarship recipients are also eligible for grants and ministry scholarships.
Sioux Falls Seminary in partnership with denominations, churches, and para church organizations have a variety of scholarships specifically designed to assist students involved in particular ministries, or moving from certain geographical locations. Students who receive more than one ministry scholarship are not eligible to receive grants, but may still be eligible for merit-based awards.
To find out more information, contact the financial aid office at firstname.lastname@example.org or by calling 800-440-6227.
Other Sources of Financial Aid
LIFE Fund (Lifetime Investment For Education)
Students may obtain assistance for the remaining demonstrated need not met through the grant/loan by utilizing the LIFE Fund program. The LIFE Fund program is dependent upon the generosity of individuals who, at the suggestion of the student, receive a letter from the financial aid office concerning the student's intent to enter ministry and the opportunity to give a tax deductible donation toward the student's educational expenses.
Download: Life Fund Brochure
Payment Plan Option
This plan is designed for M.Div. students involved in full-time ministry wishing to spread their program over five years. The payment plan is based on the current annual rate of tuition multiplied by three (the average length to complete an M.Div. program) and payable in 60 equal payments. Students in the payment plan are not eligible for grants or scholarships, but would not be subject to tuition increases and could register for classes during the fall and spring semester as well as January term and summer at no additional charge. A $1,000 deposit is required to begin the payment plan.
Canadian Student Award
On the day of registration, Canadian funds will be accepted dollar-for-dollar for tuition expenses after institutional financial aid has been awarded. Available each semester for full-time Canadian students.