Financial Aid Information

Federally Insured Family Education Loan Program

The Oblate School of Theology participates in the Federal Family Education program for U.S. Citizens and Eligible Non-citizens. A student may apply for a loan through various lending agencies. The student will complete the FAFSA application, (Federal Application Financial Student Aid) with the U.S. Department of Education electronically at www.fafsa.gov. The student will be required to provide pertinent information required by the Federal Government to approve each student for Financial Aid.

Federal Stafford Loans

Subsidized and unsubsidized – are available from commercial lending agencies: banks, saving and loan associations and credit unions. The student must be enrolled at least half time. Information is available from the Business Office. While completing the FAFSA enter as first choice federal school code: 003595 for Oblate School of Theology. Upon completion, a student will receive a Student Aid Report and a complete SAR/ISIR will electronically be delivered to the school. If a student is selected for verification, the student must provide the financial information requested, and complete a signed verification form. The student is responsible for locating and obtaining a lender and arranging for the loan.

Repayment of a federal loan is the students’ responsibility and usually begins six months after leaving the school. Additional information may be requested from the Financial Aid Coordinator in the Business Office.

Tuition Assistance

Oblate School of Theology serves students who are primarily interested in ministry. Therefore, OST endeavors to control costs as much as possible and support a strong educational program. Generous support by the Missionary Oblates of the United States enables OST to maintain lower tuition rates. OST offers Tuition Assistance each semester for those students who demonstrate a financial need and qualify by being enrolled at least half-time in a degree program.

Applications may be obtained from the Finance Office and must be submitted to the Finance Office. Only one application per academic year is required; however, funds will not be awarded retroactively if the application is not submitted prior to the deadlines. Financial assistance through OST’s own resources is competitive and limited. Institutional financial assistance must be re-applied for each academic year. The deadlines are as follows:

• July 1st for consideration for the Academic Year or Fall semester

• November 1st for consideration for the Spring semester

• April 1st for consideration for the Summer session

Tuition Assistance Qualifications:

1. The student must meet the admission requirements for acceptance into OST and their particular degree program and must maintain satisfactory academic progress.

2. The student must presently be or plan to be in full-time ministry.

3. Submit all required documentation.
   Priority will be given to Roman Catholics or those engaged in ministry at settings sponsored by the Roman Catholic Church. Special consideration will also be given to those ministering in settings which are underserved, serve the poor and/or the abandoned. Other applicants will be considered. The decision will be made by OST Scholarship Committee in conjunction with the appropriate program director.

Annual Scholarships

All those interested in applying for a scholarship must complete the Tuition Assistance / Scholarship Application. The Finance Office will contact you to request the required documentation. For more details on applying to our scholarships, visit the Scholarships page.