|• Personal Funds
||• Direct Loans
|• Austin Grad Scholarships
|| o Subsidized
|• Church or Employer Matching
|| o Unsubsidized
|• Federal Financial Aid Programs
|| o PLUS
| o Pell and SEO Grants
||• Master Promissory Note
| o Stafford Loan Programs
| o Work-Study
Funds - are those from you or your family. Many of our
students work in area churches or secular jobs while working
toward their degree. If you are relocating to the Austin area
to attend, check with our Public
Relations Office for potential openings/ internships
in local churches.
Scholarships - Through the generosity of supporters,
a number of endowments have been established to assist students
preparing for service in full-time or lay ministry. Individual
funds are described in the school Catalogue. Eligibility
is based upon enrollment in a degree program, financial need,
academic history, and ministry involvement or potential. Priority
is given to full-time students, but part-time students may
also be eligible. To apply, students must complete
the Austin Grad Financial
Aid Application (see link on left). Priority is given to applications
received by July 1 for fall semesters and November 15 for spring
Employer Matching – Students often have supporting
churches that pay all or part of their tuition. Austin Grad
may match a portion of this support – up to 25% of your
full tuition payment. When a matching award is combined with
another scholarship award, the total of both may not exceed
25% of tuition. Contact our Financial Aid Office for
details. If you plan to work in
check with your employer for programs that may help fund your
Aid Programs - Austin Grad participates in a number
of Title IV Federal Student Aid programs. All require the completion
of the Free Application
for Federal Student Aid (FAFSA - see below).
and Supplemental Equal Opportunity Grants are based on
financial need and available to students working toward their
first undergraduate degree.
Loan programs are available
to both undergraduate and graduate students. All federal loan
programs defer payments while enrolled at least half-time in
a degree program. For details on Federal Stafford Loans see
'Direct Loans' below.
||Federal Work-Study positions
are available to both undergraduate and graduate degree students.
Eligibility is based on financial need. Work hours can be adjusted
to fit course schedules, however, are usually limited from 3
to 10 hours per week.
should complete the FAFSA online at least 45 days prior to start
time to determine eligibility and for any award to be applied
as payment at registration. Students submitting their FAFSA
after this date may be required to make other payment arrangements
||Student Eligibility: Students must meet certain eligibility requirements to particpate in Federal Aid programs. These are outlined in the handbook, Financial Aid at Austin Grad: Overview and Policies. The handbook can be obtained through the Financial Aid Office or on this website.
Federal Aid Awards: All students receiving Title
IV (Federal) student aid are subject to return a portion of
aid if withdrawing prior to the 60% point of any enrollment
period. The amount of funds to be returned, if any, is calculated
according to the date of withdrawal and federal guidelines.
Federal Work-Study funds already paid are not subject to this