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 and international students 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 30 percent of tuition.
Full-time, admitted students may also receive dollar-for-dollar matching grants of up to $500 per regular semester (fall and spring), with additional matching funds beyond this, depending on several factors. Matching funds are not granted for study during Interterm or summer sessions. AMBS financial aid, including matching grants, will not exceed the cost of a student's tuition for the semester. Find out more by downloading and completing a Church Partnership Form (PDF).
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.
Admitted students taking fewer than nine hours per semester receive half the amount of financial aid they would if they were full-time students. They should download and complete a Church Partnership Form (PDF) to determine whether they are eligible to receive additional aid to match what they receive from a congregation and/or conference.
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.
- Apply for aid each year by the financial aid application deadline (May 1).
- Maintain a satisfactory academic standard (minimum GPA of 2.5)
- 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.