Steps to Financing Your Education

Step 1) Stafford Student Loans

The Bexley Hall Financial Aid Office administers aid programs that require that the student demonstrate financial need for assistance beyond whatever financial contribution can be reasonably expected from the student and his/her spouse (if applicable). Your eligibility for these aid programs is based on the difference between the estimated costs of attendance and what you can reasonably be expected to contribute towards meeting the cost of attendance (Expected Family Contribution or EFC).

If you have not filed a FAFSA before you will need to obtain a PIN from www.pin.ed.gov.

To determine your EFC all students are required to complete a Free Application for Federal Student Aid (FAFSA). The application may be filed electronically at www.fafsa.ed.gov.

When completing the FAFSA you will need to enter federal school code of Bexley Hall School Code: G37473 so the school will be able to put a Financial Aid Package together for you.

The maximum Federal Stafford Loan for graduate school is:
Subsidized Loan (FSL) $ 8,500.
Unsubsidized Loan (FUSL) $12,000.

The Subsidized Loan (FSL) is borrowed first, and if there is still financial need, the Unsubsidized Loan (FUSL) is used. The Unsubsidized Loan can cover the Expected Family Contribution.

Every student who completes a FAFSA receives a Student Aid Report (SAR) from the federal processor. If Bexley Hall School Code: G37473 is listed on your SAR, we will receive the same information electronically. Please review your SAR for accuracy. If you find that you need to make corrections, follow the instructions to make corrections online. If you send corrections to the processor, you will receive a revised SAR. These same corrections will also be sent electronically to the Financial Aid Office.

Step 2) Bexley Hall School Grant

The Bexley Hall School Grant is based upon financial need. It is available to full-time M.Div. students and is given on a first-come, first-served basis. Financial need is determined in part from the amount of expected family contribution (after a student completes a FAFSA) and from other financial aid the student has independently obtained. The grant is then allocated by calculating a percentage of the need. The maximum amount of the grant is 100% tuition. The student account is credited the grant award per semester, in a ratio equal to the number of registered classes. The application is not complete until the FAFSA is completed. A student must demonstrate financial need on an annual basis by completing the FAFSA. A link to complete the FAFSA is found in Stafford Loan step.

Bexley Hall Grant and Student Loan Application Form 

Step 3: Denominational Resources and Support

Now would be a great time to conduct a denominational scholarship search for additional financial assistance. Click on the appropriate denomination listed below for information, and find links and contacts. As an example you could search the Internet for “scholarships for theological education” to find areas that best meet your needs.

Review the document entitled OMD_Sources_of_Financial_Assistance for scholarship and grant listings. This list has been compiled by the Office of Ministry Development of the Episcopal Church.

MDiv, Full-Time, Postulants: Mercer Scholarship Application

Lay Theological Scholarship: Thorp Scholarship

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