Students at Calvin Theological Seminary face many challenges. Challenges in the classroom, at home, and financial challenges. The financial burdens of students are many – tuition, books, living expenses, and the education of their children. Synod 2005 responded by instituting the Christian Day School Assistance Program for Calvin Theological Seminary.
This program provides assistance to all full-time students enrolled in the Master of Divinity program at CTS, who intend on entering full-time, ordained ministry in the CRCNA – tuition assistance for their dependent children enrolled in a qualified Christian day school beginning with the 2007-2008 school year. The assistance comes in the form of an interest free loan subject to forgiveness. The loan can be up to 50% of the tuition bill charged by the day school.
How do I apply?
Each year, qualifying students should express their intent to apply to the program on the Application for Scholarship and Financial Aid from Calvin Theological Seminary. Once the child(ren) has been enrolled in a school, a formal application and a statement from the Christian Day School, with the total tuition due clearly stated, should be provided to the seminary. Apply Here.
What happens after I graduate?
Six months after you cease to be a full-time student in the Master of Divinity program, repayment will begin. However, if you graduated from Calvin Theological Seminary and are serving in full-time, ordained ministry in the Christian Reformed Church in North America, and your seminary account has a zero balance, you will receive 10% forgiveness of the loan. You will be contacted each year for 10 years. If you continue in full-time, ordained ministry in the Christian Reformed Church in North America you will have the entire loan forgiven over a 10 year period. If at any time you cease to meet the requirements, payments will begin.
How is the program funded?
Funds come from the ministry shares of the Christian Reformed Church in North America specifically designated for this fund.
Read a more detailed legal description of the forgiveness and repayment process.