Financial Aid

Financial aid materials

• Online financial aid and scholarship application
  
• Scholarship application (PDF)
• Church Partnership Form (PDF)

Please download and refer to the following information to make your financial aid application process as smooth as possible. All documents are in PDF format unless otherwise noted.

• Financial aid checklist
• Special Scholarships Fact Sheet
• Student Cost Calculator (Excel)
• Financial Aid Handbook

Financial aid newsletter

Find information you need to know about AMBS financial aid and read tips on how to manage loans and expenses in the financial aid newsletter:

• AMBS Financial Aid Aware newsletter (March 2011)
  
• AMBS Financial Aid Aware newsletter (January 2011)
• AMBS Financial Aid Aware newsletter (April 2010)
• AMBS Financial Aid Aware newsletter (March 2010)
  

Eligibility

All admitted students are eligible to apply for AMBS financial aid. Aid is distributed according to demonstrated financial need, with higher amounts of aid given to students with greater need.

Mennonite students, international students and students of color studying full-time (at least nine hours per semester) are eligible for AMBS grants of up to 50 percent of tuition. Other full-time students qualify for grants of up to 25 percent of tuition.

Students should expect to use a portion of their savings to pay the costs of their study. However, home equity and retirement savings will not decrease a student’s eligibility for financial aid.

Part-Time Students

Admitted students taking fewer than nine hours per semester receive half the amount of financial aid they would if they were full-time students.

Interterm and Summer School

Students get the same level of aid for intensive courses during Interterm and Summer School that they receive during the previous semester. For example, if students taking nine hours or more in the fall semester move to less than full-time in spring semester, they will receive the full level of aid for Interterm just as they did during fall, and they will receive the reduced level of aid from spring semester for summer courses.

Student Responsibilities

1. Apply for aid each year by the financial aid application deadline (May 1).
2. Maintain a satisfactory academic standard (minimum GPA of 2.5)
3. Write notes or letters of appreciation to the donors of the funds if requested to do so. AMBS financial aid comes from a variety of sources, including gifts from churches and individual donors. Acknowledging their generosity helps ensure good relations with our supporters and builds good will toward the seminary.

Effects of Financial Aid on U.S. Income Tax

The U. S. Internal Revenue Code states that individuals who are candidates for a degree may exclude scholarship income from their gross income. This is true as long as the amount excluded does not exceed the cost of tuition, fees, books and supplies required for the student's course of study. Any payment for which services are required is taxable. This could include student assistantships and on-campus jobs. (Ref: TITLE 26, Subtitle A, CHAPTER 1, Subchapter B, PART III, Sec. 117). Students should consult their tax advisers for details.

Estimated Expense Budget

See the cost calculator page in the financial aid application to estimate your expenses and budget for the 2011-2012 year.