Claremont School of Theology (CST) strives to make theological education affordable through its financial aid program and is proud to offer scholarships to nearly all eligible incoming students. CST provides substantial financial aid in three ways: Scholarships, Student Loans, and Student Employment. Our institutional scholarship awards cover 30% to 100% of tuition and coupled with loans and/or student employment, these funds should supplement your efforts to finance your education. Learn more through the links below or contact the Office of Admissions (firstname.lastname@example.org).
Apply for Federal Student Aid
Each year you must reapply for financial aid for the next school year. The Free Application for Federal Student Aid (FAFSA) is available online at www.fafsa.gov on October 1st. It is important you include our school code (Title IV code) G01288.
Federal Student Aid Eligibility Criteria
In order to be considered for financial aid, you must:
• Be a U.S. citizen or an eligible non-citizen;
• Be working toward a degree;
• Be registered with Selective Service;
• Be making satisfactory academic progress;
• Not be in default or owe a refund on a federal grant or federal loan;
• Be enrolled at least half-time (6 units per semester);
• Not have loans in excess of the aggregate limits of the aid programs;
• Not be disqualified based on a conviction for a drug-related offense while you were enrolled in school and receiving federal student aid
Return of Title IV (Federal Aid) – Return of Federal Student Aid
To remain eligible for federal student aid during the semester, the student must be attending classes, taking exams, and completing required course work. Federal Regulations require the College to calculate a return of Federal Title IV student aid (R2T4) for students who withdraw (officially or unofficially) from all classes on or before the 60 percent attendance point in the semester. The calculation required determines a student’s earned and unearned Title IV aid based on the percentage of the enrollment period completed by the student. The percentage of the period that the student remained enrolled is derived by dividing the number of days the student attended by the number of days in the period. Calendar days (including weekends) are used, but scheduled breaks of at least 5 days are excluded from the calculation. Until a student has passed the 60% point of an enrollment period, only a portion of the student’s aid has been earned. A student who remains enrolled beyond the 60% point is considered to have earned all awarded aid for the enrollment period. The unearned portion of federal student aid funds will be returned to the appropriate aid program(s). The funds are returned in the following order:
• Federal Graduate PLUS Loan
• Federal Direct Unsubsidized Loan
Students withdrawing from classes are responsible for payment of any balance due after the required return of federal student aid funds. Students are notified in writing of the reason for the return of funds. Earned aid is not related in any way to institutional charges. In addition, the College’s refund policy and return of Federal Title IV funds procedures are independent of one another. A student who withdraws from a course may be required to return unearned aid and still owe the College for that course. Students who stop attending all classes without officially withdrawing will be subject to a return of federal student aid funds at the end of the semester based on the last documented date of academic related activity (or midpoint) as determined by the institution. The responsibility to repay unearned Title IV aid is shared by the institution and the student. For example, the calculation may require the institution to return a portion of federal funds to the Federal Title IV programs. In addition, the student may also be required to return funds based on the calculation. A student returns funds to the Federal Direct Loan program based on the terms and conditions of the promissory note of the loan.
• Tuition Charges are posted to student accounts, within two days of ADD/DROP day
• Refunds checks should be available approximately 3-4 weeks into each semester
• Any refunds back to students will be processed through CST’s payment vendor bill.com. Bill.com will send an email at the time of disbursement to request students sign up for electronic funds transfer. Student’s who do not enroll in the electronic funds transfer will receive a paper check in the mail a few days later. There will be no in-person check pick-up.Expect the refund amounts to be available around the end of September after all tuition and financial aid monies are posted to student accounts.
2020-2022 Tuition, Fees & Cost of Attendance (COA)
Student Health Insurance
You will need to go through the insurance broker, Gallagher Student Health, and complete the waiver process before Bursar can reverse the medical insurance charge. Waivers will only be accepted online.
Financial Aid Satisfactory Academic Progress (SAP)
All students must maintain satisfactory academic progress towards a degree to receive financial aid. All academic semesters are utilized to determine Satisfactory Academic Progress (SAP). Students must maintain the following three (3) mandated criteria to continue to receive financial aid in future semesters:
1. Qualitative (GPA): Qualitative standard is determined by the student’s earned Grade Point Average(GPA). At the end of each academic semester, students must maintain the following cumulative GPA:
• M.A. or M.Div. = 2.8 GPA
• D.Min. and Ph.D. = 3.0 GPA
2. Quantitative Percentage Standard (QPS Ratio): The satisfactory academic progress policy also includes a quantitative measure to determine the number of credit hours attempted and percentage of credit hours completed (passed). The minimum percentage of work a student must successfully complete by the end of each term is 67% of all attempted credit hours. Students receiving a calculated QPS value below 67% are not meeting the satisfactory academic progress requirement.
3. Maximum Time Frame (150% Rule): Students are required to complete their degree within 150% of the credits required for a program of study. A student’s record will be evaluated to determine if they are able to complete a degree within the maximum time frame allowed. When it is determined a student will not complete their program within the 150% credit limit, the student will be suspended from receiving financial aid.
• M.Div. Program credits required = 72 credits
• Maximum Time Frame Allowed = 72 credits* 150% = 108 maximum credits.
Students who fail to meet the requirements will be placed on Financial aid Warning for one semester. The student will be required to meet with the Dean to develop an academic plan for meeting SAP by the end of that semester. During the warning semester a student is eligible to receive financial aid. However, if at the end of the warning semester the student has not met the requirements of SAP, the student will become ineligible to receive financial aid and placed on Financial Aid Suspension.
SAP Appeal/Petition: The student may submit a petition to retain his/her financial aid for an additional semester. A petition may be submitted in rare cases where a student has suffered undue hardship such as death of an immediate family member, or injury or illness of the student. Petitions will be reviewed on a case-by-case basis by representatives from the Dean’s Office, Registrar, Financial Aid and the Committee on Academic Programs. In some instances a student may be asked to meet with the committee to answer any questions. Additionally, any information mentioned in the petition is subject to verification. If a petition is granted, the student will be placed on Financial Aid Warning for a second semester. If the petition is not granted, student will become ineligible to receive financial aid and placed on Financial Aid Suspension.
Outside scholarships helps reduce student loan debt! We encourage students to research every opportunity available.
Students are encouraged to contact their religious communities for potential scholarships. Oftentimes, local churches, mosques and temples support students through special offerings, discretionary funds, and book grants. Additionally, students should explore outside scholarship opportunities beyond their local congregations – including district, conference, and national offices.
There are a multitude of scholarships available for students willing to do the research. We’ve listed here outside scholarship resources and opportunities that match many in our student body. Good luck!
Please send outside scholarship checks to (be sure to include student name, ID, academic year/semester applicable and explanation of educational costs scholarship can cover):
Financial Aid Office
1325 N. College Avenue
Claremont, CA 91711