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If you have been awarded a GTS scholarship grant (not work-study), one half will be credited to your Michaelmas Term bill and one half to your Easter Term bill. An important reminder - you must promptly inform the Financial Aid Director of any outside scholarships or grants you receive, even if they are sent to you directly and not through the Seminary. Various federal, state and national church agencies require the Seminary to report total amounts of aid to students, including outside sources. Anyone with a federal (Stafford) student loan or federal work-study must, by law, include all grants in figures used to compute needs analysis, regardless of when grants are received by the student. Diocesan, parish, and other grants (for which GTS has a commitment form pledging to send a check directly to GTS) are credited against the student's bill, and the student does not compensate GTS for that amount, even if the grant check does not arrive at the beginning of the semester. However, any expected or anticipated financial aid will not be disbursed to the student until the Business Office actually has received the grant monies.
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