In this case, you will not qualify for the full tuition guarantee. However, the seminary would guarantee that your actual need would be covered by gift aid. Your Financial Need is equal to or greater than the cost of tuition. In this case, you will qualify for the Tuition Guarantee Program. This calculation is made at the beginning of each quarter.
Most students receive gift aid that is well in excess of their cost of tuition.
Your largest single source of gift aid will probably be the seminary's Student Aid Fund, which is made up of gifts from donors and earnings from endowments that have been set up with the seminary and The Lutheran Church-Missouri Synod Foundation. Your financial aid packet will contain a sheet of additional scholarship listings for you to check out, including information on how to apply for them. You may be eligible for one or more of them. These are education loans borrowed through the federal government. The seminary participates in the Stafford Loan Program.