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									     Financial Aid

       Primary financial aid contact:
              Rev. Amy Current
Director for Financial Aid and Stewardship Formation
                563.589.0274
                     or
     acurrent@wartburgseminary.edu
Wartburg Theological Seminary Financial
               Aid Application Process
    1. Complete the FAFSA (Free Application for Federal Student Aid)
        This is most convenient on the Web at www.fafsa.ed.gov
                   –apply for a pin # which will provide security and ease for corrections.
                   -Wartburg Theological Seminary School Code: G01897

      ***AS A GRADUATE STUDENT, YOU ARE INDEPENDENT on the FAFSA.



 2. Complete a Wartburg Seminary financial aid application form
    https://www.wartburgseminary.edu/webTemplate/template_forms/f
    orm_financialAid.asp

 3. Submit the WTS financial aid application along with a copy of your
    SIGNED IRS 1040 tax return to the Financial Aid Office
 Wartburg Theological Seminary Financial
            Aid Application Process
o Your TIMELINE:
                            My TIMELINE:
  Anytime
                            o Receive student
  o Call/Email with ?’s
                              materials
  o WTS Financial aid App

                            o WTS Admissions gives
  o Approx. Feb-Mar:
                              notice of student
  o File Taxes                acceptance
  o         Send to WTS
  o Complete FAFSA
                            o Process Financial Aid
  o                           Award ASAP
   Requirements for Financial Aid

o A citizen of the United States or eligible non-citizen
o Enrolled in a degree program
o Continue making satisfactory academic progress
o Sign a statement of educational purpose, and certify
  that you don’t owe the government any money for
  anything else.
WHY IS A FAFSA NECESSARY?
Determines eligibility for Federal Student Aid
Federal Perkins Loans/ Federal Stafford Loans and/or Federal Work
  Study


Creates Institutional Student Information Record

Lists Student’s previous Federal Student Loans

Determines EFC (expected family contribution)
          How is Financial Need
             determined?
             The Formula:
                Cost of Attendance
                Less        EFC
                = Financial Need



EFC: Expected Family         It is possible for the Financial Aid Director to
     Contribution           consider making an adjustment to the EFC on an
determined by FAFSA              individual basis due to unique financial
                                              circumstances.
       process.
Cost of Attendance ?
  o School Expenses
    o Tuition & Fees
    o Books
    o Health Insurance

  o School-related Expenses
    o   Housing
    o   Food
    o   Childcare (if applicable)
    o   Medical Expenses
    o   Transportation
    o   Miscellaneous Personal Expenses
    o Clinical Pastoral Education Living Expenses
          Seminarian Health Insurance
 Health Insurance is required for ELCA Seminarians
         o www.eiiassip.org
 Plan Options for 2010-2011 (reviewed annually)
   Enhanced : $3,419
   Core: $2,484
   Costshare: $1,420
     Spouse and Dependant coverage is available with Enhanced and Core
      plans only
 Waiver option: if you will have insurance coverage and that
  plan meets criteria specified annually on health insurance
  website. Students are required to register insurance info. on
  the health insurance website annually.
  FINANCIAL AID POSSIBILITIES

• FREE Money                 • COSTLY Money
  • Grants                     • Federal Loans
    • Seminary                  • Perkins
    • ELCA                      • Stafford
  • WTS Scholarships              • Subsidized
    • See next slide…             • Unsubsidized

  • Other Scholarships         • Non-federal Loans
    • e.g. Preston Trust        • ANB loans
    • e.g. Siebert                • For final year

    • Websites                  • misc. private loans
    • Financial Aid office
  • Gifts                        Employment
    • Congregation               Federal Work Study available up to 10
    • Synod                      hours per week based on financial need
                                 Off campus employment
        WTS SCHOLARSHIPS
                                               All
   RENEWABLE                         prospective students
                                     may be considered for
Scholarship Awards
 Wilhelm Loehe Leadership         WTS SCHOLARSHIPS
 Faith and Life Leadership
 Rural Ministry Leadership
 Campus Ministry Leadership
                                WTS considers
 Grossman Tower Leadership      academic performance
 Outdoor Ministry Leadership    servant leadership
 Church College Leadership      Noted involvement and/or
 Fund for Leaders in Mission
                                  passion for various ministry
 Valued Leaders Scholarship
                                  possibilities
         WTS SCHOLARSHIPS
In order to receive a WTS Scholarship, you must:
   Receive provisional acceptance into the MDIV or MA degree program through
      the WTS Admissions Office
     Complete the FAFSA
     Complete the WTS Financial Aid Application
     Submit signed 1040 Tax Form
     Be Selected by the WTS Scholarship Committee
     Return WTS Scholarship Acceptance Agreement
        WTS Financial Aid
combines all information and creates
      a STUDENT BUDGET!
                            HOUSING
Primary housing contact:
         Ms. Kayla Feller
         Accounts Receivable Secretary
         and Housing Coordinator
         563.589.0218
         or
         kfeller@wartburgseminary.edu
Wartburg Theological Seminary
      Housing Process

 Complete a WTS housing application
 (https://www.wartburgseminary.edu/template_FutureStudents.asp?id=49)
      Indicate three preferences.

      Send completed housing application with housing
      deposit to Kayla Feller, Wartburg Seminary
      Business Office, at your earliest convenience.

      Please inform Kayla of your intended move in
      dates as early as possible .
         (this will aid in expediency with the assignment process )
          Utilities included in Rent

o Electricity           o Long distance phone
o Water, Sewage &             billed monthly
    Garbage
o   Heat                o Electricity cap overage
o   Cable television          indicated on lease
o   Local telephone
o   Internet access
        Wartburg Theological Seminary
         Housing Assignment Process

Housing allocation is determined by the following:

Priority is given to returning students

Size of family

Special needs

Date of application received w/ deposit
    Wartburg Theological Seminary
    Housing Assignment Process

Housing Timeline:
   Prospective students may apply for housing at
   any time.

   Students will not be guaranteed a housing unit
   until they are provisionally /fully accepted to
   WTS through the Admissions office.

   Housing assignments can be expected by
   approx. May/June.
      Wartburg Theological Seminary
       Housing Assignment Process

Things to consider:
  Renter’s Insurance
  Sorting, Prioritizing, and possibly Simplifying
  Make plans for current pets -
       (one dog, one cat or two cats only in pet units)
  Pet suggestion: If you don’t have a pet now, don’t get
  one. Instead, plan for a pet as a possible reward when
  you move into your new home after seminary.
Financial Aid and
    Housing

 Questions?

								
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