Thanks to the extraordinary generosity of alumni and donors who have contributed to funds through estate plans and endowed gifts, CDSP is pleased to expand its range of scholarships and financial aid for the 2015-2016 academic year.
Presidential Scholarship: This competitive scholarship will be awarded to one entering residential MDiv student. The student will need to be 35 or under and have demonstrated exceptional leadership prior to entering seminary. The Presidential Scholarship includes full tuition, room and board, meal plan, and books. No special application is required.
Excellence in Ministry: Each year, two Excellence in Ministry scholarships are awarded to incoming residential MDiv students based on merit. The scholarship includes full tuition and a $1000 stipend per year.
Diversity Scholarships: Each year,severalfull-tuition scholarships are available for racial and ethnic minority students.
International Students: International student applicants meeting requirements for admission are eligible for full tuition grants. Depending on the number of international applicants, room and board may be covered as well. International student scholarships are renewable with full time status and satisfactory academic progress.
Joint Degree Program MDiv/MA: Scholarships are available for residential MDiv students who are admitted to the joint degree program with the Graduate Theological Union. The MDiv/MA program can be completed in 4 years.
Special interest scholarships: Additional scholarships are available for federal chaplaincy, music, Women in Ministry, leadership, and many more.
Need-based aid: CDSP awards need-based financial aid to students in degree and certificate programs. Eligibility is based on the federal FAFSA (Free Application for Federal Student Aid) form. [LINK FAFSA to: https://fafsa.ed.gov/. Federal work study programs are available for qualifying students to reduce debt.
The CDSP admissions staff can also help you navigate applications for other scholarships and grants including:
Other resources can be found at the following websites:
You also may apply for scholarships from the Episcopal Church.
Eligible students are encouraged to consider employment as a source of financial support.
Two programs are available, Federal Work Study (FWS) and the Institutional Work Program (IWP). These programs allow students who are eligible for need-based aid to do part-time work, for which they are paid an hourly wage. The FWS program is jointly funded by the federal government and CDSP. The IWP is funded solely by CDSP. Jobs include assistance in administrative offices, maintenance work, gardening, and off-capmus service placements (FWS only).
Work study allows a student to earn money throughout the year, which can be paid toward the student's account or used for other expenses. As with other jobs, students receive a paycheck for their work, based on timesheets approved by their supervisor.
Open student employment postions are posted here, and more details are available on the Student Employment page.
Government Student Loan Programs
CDSP participates in the federal Direct loan program. Through this loan program, eligible financial aid applicants may borrow federal Unsubsidized loan funds to help meet the cost of educational expenses. The application for this loan is available through the Consortial Financial Aid Office.
About the Federal Direct Stafford Unsubsidized Loan: A student is not required to demonstrate financial need to receive a Direct Unsubsidized Loan. The Financial Aid Office will determine the amount an eligible student can borrow, up to an annual maximum of $20,500. A student's total financial aid package (including loan funds, scholarships, grants and work study) cannot exceed the total cost of educational and living expenses as determined by the Financial Aid Office.
Interest accrues (accumulates) on an unsubsidized loan from the time it is first paid out. The interest may be paid while the student is in school and during grace periods and deferment or forbearance periods, or the interest may accrue and be capitalized (that is, added to the principal amount of the loan). Choosing not to pay the interest as it accrues will increase the total amount a borrower will have to repay as interest will eventually be charged on a higher principal amount, once that interest is capitalized. Accrued interest is capitalized once the loan enters repayment.
The interest rate for a Direct Stafford unsubsidized loan disbursed on or after July 1, 2006 is fixed at 6.8%.
Veterans Educational Benefits: CDSP students who have served in the United States Armed Forces may receive veterans educational benefits while attending CDSP. For further information, please contact CDSP Admissions at 510-204-0715.