The Seminary grant is therefor the final component of a student's budget. The award will be calculated upon projected need and may be adjusted up or down if circumstances differ materially from the projection. The level of need is determined by the Financial Aid and Advanced Degrees Committees of the Faculty. All decisions of these committees are administered by the Director of Financial Aid. A student's expenses nd income are evaluated in light of the Seminary's allowable expenses and principles of financial aid.
Students are to apply for grants annually.
Grant funds are limited, and each award is subject to maximums established by the Seminary. Any full-time student of the Seminary is eligible to apply for financial aid. Financial aid for full-time S.T.M. students is alloted for one year only, since the expectation is that the course work for the S.T.M. is completed in one year. Preference is given to Master of Divinity, Master of Arts, and Doctor of Theology students. GTS is not always able to meet the total need of a student with a grant.