Life of Calling
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Financial Aid

For most students, one of the major concerns in attending college or seminary is that of finances.  A hallmark of the Kairos Project is that theological education should be affordable, and the vast majority of our students do not need student loans due to our low tuition rate. However, federal aid may be available for students who need the help of student loans and who qualify.


Stafford Loans

Due to the termination of the federal loans subsidy (“Subsidized Loans”) at the graduate level (per the Budget Control Act of 2011), the Federal Direct Unsubsidized Loan program (Title IV) remains the most popular student loan program available for graduate-level students.  Unsubsidized loans are available to every student who completes a FAFSA.  Interest begins accruing 120 days from the time of disbursement.  However the student is not required to make any payments while in deferment status.  These low-interest loans are provided by banks which are subsidized by the Federal Government.

  • Interest Rate and Fee Information
  • Eligibility based on completion of the FAFSA and subject to annual Cost of Attendance budget limitations
  • Graduate-level limit of $20,500 per academic year
  • Payments deferred while enrolled at least half-time (5 credits/semester)
  • No prepayment penalties
  • 6-month repayment grace period upon leaving school or dropping below half-time


How to Apply

To apply for student loans, students must complete the Free Application for Federal Student Aid (FAFSA). Individuals may apply online at or through the Sioux Falls Seminary Financial Aid Office (our partner).

Students applying for Federal Aid must fill out a Master Promissory Note (MPN) and complete entrance counseling before funds can be received.  In addition, students must complete exit counseling before graduation or dropping below half time status.

Download: MPN and Entrance and Exit Counseling Instructions

Download: Financial Aid Policies