Funding Your Studies
school of theology and ministry
As an international theological center providing outstanding academic resources and an intimate community for its members, we want to help you finance your studies and make it possible for you to join us. The STM offers generous funding through several types of financial assistance. When you complete and return the STM Financial Aid Application, you are automatically considered for all financial assistance for which you may be eligible.
Scholarships and Grant Funding
Tuition scholarships are based on considerations of academic achievement, potential for ministry, demonstrated leadership, and financial need. Funding is generally renewable at the same level in years following the student’s initial award year, assuming the student’s need and academic standing do not change markedly. Prospective students are encouraged to contact the Associate Dean for questions regarding the funding of your studies.
2013-2014 STM TUITION PER SEMESTER
- Tuition – $910 per credit
- MIV (one course only) – $201
- CE Auditor (one course only) – $426
2013-2014 COST OF ATTENDANCE
*Estimate of Student Expenses for the 2013-2014 Academic Year:
- Tuition and Fees – $21,940 (24 credits at $910 per credit plus $100 fee)
- Rent/ Utilities– $10,500
- Meals- $3,500
- Transportation- $1,900
- Personal Expenses- $4,600
- Books and Fees- $1,500
- TOTAL – $43,940
Federal Student Loans
In addition to scholarship and grant funding, the University participates in the Federal Stafford Program. Students can borrow up to the total cost of attendance, minus any funding they are receiving from the STM through the Stafford Loan Program. To apply for the Stafford loan, you will need to submit a Free Application for Federal Student Aid (FAFSA), and also complete and submit the Boston College Graduate Financial Aid Application/Validation. Information and forms are available through the Boston College Office of Student Services located in Lyons Hall. Go to http://www.bc.edu/gradaid or call 617 552-3300 for more information. Please note that Federal Stafford loans are only available for U.S. citizens and residents. Please note that Federal Loans are not available to S.T.L. or S.T.D. degree seeking students.
Notification of your funding will occur after a decision is made regarding your admission into the STM.
Please note that if you receive a scholarship after you receive your loan package, your loan package may have to be adjusted. Federal regulations limit the total amount of aid (including students loans) a student can receive. Contact the Boston College Office of Student Services if you have any questions about federal loans.
For information regarding international wire payments please visit Boston College's Wire Transfer Page at http://www.bc.edu/offices/stserv/financial/billinfo/wiretransfer.html