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Financial Aid

Need-based Aid Programs

Princeton Seminary is determined to make theological education affordable. We put a significant amount of care and effort into keeping tuition and other education expenses as cost-effective as possible. We also invest a significant amount of our budget to fund our aid programs. The largest of these is our need-based PTS Grant.

To qualify for a need-based grant from Princeton Seminary, an applicant must:

  • Be enrolled full-time as a first professional degree candidate (this includes the MDiv, MACEF, MDiv/MACEF and MA(TS) programs)
  • Complete the FAFSA form, the PTS Financial Aid application, and submit a copy of your most recent federal income tax return
  • Demonstrate financial need (as defined in the Student Financial Aid Handbook)
  • Maintain Satisfactory Academic Progress
  • Apply each academic year
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Princeton Theological Seminary (PTS) Grant

  • Eligible degree candidates who are currently members of a PC(USA) church may qualify for up to 100% tuition plus $250 in the PTS Grant program each academic year.
  • Eligible non-PC(USA) degree candidates may qualify for a maximum PTS Grant which would cover a maximum of 80% of the cost of tuition

*Please note that the amount a student receives in PTS Grant aid is also dependent on whether they were awarded the PTS Promise for Ministry Award, as the combination of the PTS Grant and Promise for Minsitry Award cannot exceed the PTS Grant maximums listed in the Merit-based awards section below. Questions about aid programs and application procedures should be directed to the the Office of Financial Aid

Thomas W. Gillespie Grant

This grant program is designed to help our students reduce their dependency on educational loans. Awardees must work a minimum of 10 hours per week and attempt to raise money from outside sources in order to be considered for this need-based PTS aid program. The award maximum for single students and married students without children is $2,000 per year. Single and married students with children may qualify for up to $4,000 per year. Grant recipients must:

  • Qualify for the maximum PTS Grant
  • Demonstrate need beyond the maximum PTS Grant offer
  • Have outstanding student loan debt in their name of  $20,000 or more at the time of application
  • Complete the Gillespie Grant application and supply the required documentation by the November 1 deadline

Princeton Theological Seminary (PTS) Presbyterian Loan Program

Eligible PC(USA) MDiv and MDiv/MACEF candidates who demonstrate financial need beyond the maximum PTS Grant may qualify for a low-interest loan which has the potential to be forgiven if the recipient serves the PC(USA) in ordained ministry after graduating. Applicants for this forgivable loan must complete the application each year and provide documentation of Inquirer status to qualify for year one and two of their program and Candidacy for year three and in the case of a Dual degree candidate, year four. The maximum award for this forgivable loan is $4,000 per academic year.

Please note that a merit-based aid recipient who can document need beyond their scholarship offer, may be eligible to apply for the Gillespie grant or PTS Presbyterian Loan program as well.

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Merit-based Aid Programs

Merit-based awardees are selected through the admissions process on the basis of high academic achievement and commitment to the life and mission of the church. These awards are renewable based on the candidate maintaining full-time enrollment and Satisfactory Academic Progress. They are available to MDiv, MDiv/MACEF, and MA(TS) candidates who are US citizens or Permanent residents of the US. They are offered to approximately 20% of our degree candidates each year

The programs and amounts listed below are effective for those candidates admitted for 2018-19. Applicants who wish to be considered for the Presbyterian Leadership Award, Seminary Fellowship, and Presidential Scholarship must complete and submit the scholarship application and have an admissions interview by the February 1 priority scholarship deadline


Promise for Ministry Award

Beginning with those degree candidates admitted for the 2018-19, this $3,000 scholarship may be offered at the time of their admissions by the admissions committee to candidates who demonstrate a promise for ministry. Candidates who receive this award may also be considered for either our need-based PTS grant program or one of the Merit scholarships listed below.


Presbyterian Leadership Award

  • Selected from those PC(USA) candidates offered the $3,000 Promise for Ministry Award by the admissions committee at the time of their admissions
  • Granted to up to 10 admitted students per year
  • Awarded to top PC(USA) candidates.
  • Covers the full cost of tuition plus $5,000 per academic year.
  • An additional application and an interview are required for those that are considered for the Presbyterian Leadership Award


Seminary Fellowship

  • Selected from those candidates offered the $3,000 Promise for Ministry Award by the admissions committee at the time of their admissions
  • Granted to up to 12 admitted students per year
  • Covers the full cost of tuition plus $1,000
  • An additional application and an interview are required for those that are considered for the Seminary Fellowship

Presidential Scholarship

  • Selected from the top candidates already offered a Presbyterian Leadership Award or Seminary Fellowship
  • Scholarship is worth $5,000 per academic year
  • The Presidential Scholarships are normally awarded after the February 1 priority scholarship deadline

International Scholars Program

A limited number of scholarships are given annually to select ThM, MA(TS) and MACEF international students with advanced standing. 

For more information about these aid programs, please feel free to be in touch with us at your convenience at 609.497.7805 or at [email protected].

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Nick Babladelis, Class of 2015

“The faculty and staff at Princeton Seminary took my interests in science and theology and gave them real direction. ”