A portion of the annual endowment draw is used to apply $1000.00 per academic year ($500.00 per semester) toward the basic tuition of every candidate who has received a positive Entrance Decision from the Indiana-Kentucky Synod Candidacy Committee and who is a full-time seminary student.
Guidelines for distribution of the Tuition Assistance Scholarships:
- Candidates do not apply for these funds. The synod’s Assistant to the Bishop responsible for candidacy reviews the candidate database twice each year to determine which candidates are eligible for this scholarship and then processes distribution of the funds.
- Funds are sent directly to the financial aid office of the candidate’s seminary for application to seminary-related expenses. One half of each candidate’s annual total scholarship is sent in September of each academic year, the other half in January. This pattern of dispersal aligns with both the academic year and the synod’s fiscal year.
- Each candidate may receive the Tuition Assistance Scholarship for up to six semesters of full-time seminary study (total per candidate = $3000.00). This scholarship is not available during internship.
- Recipients of the Tuition Assistance Scholarship are expected to repay the funds if the candidate withdraws or is removed from candidacy before Endorsement. Once a candidate has been Endorsed by the synod’s candidacy committee repayment is no longer required or expected.