BMA Seminary seeks to make seminary possible for anyone, regardless of their financial abilities.
However, obtaining a seminary education is a serious financial commitment. Here you can find information on how much seminary costs and various ways that you can find financial assistance that will make seminary possible for you.
At BMA Seminary we know that the Lord who owns the cattle on a thousand hills has enough money to pay for your seminary education. As you consider the financial aspects of seminary, we encourage you not to forget the most important resource you have: prayer.
All students at BMA Theological Seminary are assisted by the churches of the BMA of America. Students only pay a small portion of the cost of their education. This is, in effect, a significant scholarship.
Any student who qualifies for enrollment in BMA Theological Seminary is eligible to apply for an academic scholarship. A student who wishes to apply for an academic scholarship should contact the Dean’s Office. Scholarship funds will be granted or denied, based upon the need of the individual student as revealed by the application, and the availability of funds, as determined by the Scholarship Committee.
Undergraduate students (B.A.R. and A.Div.) who have need of assistance in order to continue their education may make application for a Pell Grant. Students who can show “need” may qualify for from $580 to $5,775 per year.*
Funds received through this source must be used for educational expenses. Application for Pell Grants must be completed accurately at fafsa.ed.gov. If a grant is awarded, the funds will be disbursed by the Business Office.
*Figures are adjusted annually by United States Department of Education
Both undergraduate and graduate students who have need of assistance to continue their education may make application for a student loan at fafsa.ed.gov. Completion of items at both sites is required.
All Pell Grants are disbursed at the beginning (usually the fourth week) of each enrollment period, one-half at the beginning of the fall semester and one-half at the beginning of the spring semester.
Student loans are disbursed in four payments throughout the academic year. Normally, one-fourth of payments are disbursed at the beginning and near the end of the fall and spring enrollment periods.
Seminary policy requires that all aid be used first to pay tuition, fees, housing costs, or other institutional expenses.
The Seminary has approved programs for students who receive educational assistance allowances from the Veteran’s Administration. Contact the Dean’s Office for details.
Students are to pay their tuition and fees in full upon registration. However, when severe financial difficulties exist, the student may make other arrangements with the Business Manager. Contact the Business Office to discuss what payment options may be available to you.