Financial Aid

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Please review the three steps below to see whether or how financial aid can help you in your studies at CRCDS.

Step 1: Determining Eligibility

The CRCDS Financial Aid Office administers aid programs that require students to demonstrate financial need for assistance beyond whatever financial contribution can be reasonably expected from the student and his/her spouse (if applicable). Eligibility is based on the difference between the estimated costs of attendance and what you reasonably can be expected to contribute (Expected Family Contribution or EFC). To determine EFC, all students are required to complete a Free Application for Federal Student Aid (FAFSA). The application may be filed electronically at or you may obtain a hard copy of the FAFSA from the Director of Financial Aid. You will need to enter Colgate Rochester Crozer Divinity School’s federal school code of G02700 in order for the school to put together a Financial Aid Package for you. If you have not filed a FAFSA before, you must obtain a PIN from

The maximum William D. Ford Federal Direct Loan for graduate school is $20,500 in unsubsidized loans.  The Expected Family Contribution may be covered by the unsubsidized loan.

Every student who completes a FAFSA receives a Student Aid Report (SAR) from the federal processor. If the CRCDS federal school code G02700 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 and return it to the processor. If you send corrections to the processor, you will receive a revised SAR. These same corrections will also be sent electronically to the CRCDS Financial Aid Office.

Step 2: Divinity School Grant

The Divinity School Grant is based upon financial need. It is available to full-time M.Div. and M.A. 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 student account is credited the grant award per semester, in a ratio equal to the number of registered classes.

New students will receive a grant application during the admission process and it must be submitted before the first day of the semester in which you enroll. The application is not complete until the FAFSA is completed. A student must demonstrate financial need on an annual basis by completing the FAFSA.

Related Documents
Cost of Attendance 2014-2015 (doc)
Divinity School Grant and Direct Loan Application 2014 – 2015 (doc)
Extended Payment Application (pdf)

Step 3: Scholarships

The Presidential Scholarship is based upon merit and is offered by the President of Colgate Rochester Crozer to new students who have achieved an undergraduate GPA of 3.25 or greater. This scholarship is renewable if the continuing eligibility qualifications are maintained. To be eligible, a student must maintain a GPA of 3.25; be in full-time study (part-time with documented disabilities) and be in good standing with the school. Eligibility will be reviewed annually before the fall semester.

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.

The Fund for Theological Education's "Fund Finder"
American Baptist Churches USA
Episcopal Church
Holy Trinity Centennial Scholarship Trust (Episcopal)
Society for the Increase of the Ministry (Episcopal)

Order of the Daughters of the King (Episcopal)
Episcopal Evangelical Education Society
National Baptist Convention USA, Inc.
Progress National Baptist Convention, Inc. (Seminarian Development Program)
Presbyterian Church USA
First Presbyterian Church of Tusla, OK
Transformational Leadership Debt Assistance (Presbyterian)
Lydia Scholarship (Presbyterian Church USA – Women)
Wurfeel-Sills Memorial Fund (Presbyterian)
The Fund for Theological Education
United Methodist General Board
Upper New York Annual Conference of the United Methodist Church
Fellowship of United Methodists in Music and Worship Arts Memorial Scholarships
United Methodist Higher Education Foundation
United Church of Christ
Unitarian Universalist
Disciples of Christ

General Scholarship information

The Community Foundation
The International Order of the King's Daughters and Sons
The Point Foundation (LGBT)
Military Chaplains Association Scholarship
The Shepherd Scholarship
The Opal Dancey Grants for Master of Divinity Degrees
The Roothbert Fund
The Scudder Association

Step 4: Next Steps

A. Financial Aid Award Letter
An award letter will be sent from the Financial Aid Office that will outline your annual costs and financial aid award. A signed copy of the letter (accepting the awarded Financial Aid) must be returned to the Office.

B. Entrance Counseling– Direct Loans
Every student enrolled at Colgate Rochester Crozer Divinity School and borrowing William D. Ford Federal Direct Loan Funds must be counseled as to his/her rights and responsibilities regarding loans and loan repayment. This requirement must be met by accessing our entrance counseling website at The session takes approximately 10 minutes and you will receive a confirmation. You must complete this requirement before funds will be disbursed to your student account.

While students are often eligible for large loans, students are discouraged from borrowing more than they will be able to comfortably re-pay.  The average salaries for clergy and people in ministry may be viewed by state at this link to the Bureau of Labor Statistics.

C. Master Promissory Note (MPN) for a new lender
The Master Promissory Note addresses the borrower’s rights and responsibilities for a William D. Ford Federal Direct Loan. The e-MPN must be completed before the loan can be processed and you may do so by clicking here. This is the only time that you will need to complete this form, since it is good for the duration of your studies at CRCDS.

D. Work
Students are encouraged to work during the summer and part-time during the academic year. Earnings from employment, as well as assistance from family, can ease some of the financial burden.

E. Final Step
Now is the time for you to sit back and relax. We will take care of the next steps on your behalf. You are well on your way to financing your seminary education!