Federal Loans & Benefits

Department of Education regulations at 34 C.F.R. 600.9 requires schools to: In order to be eligible to participate in Title IV programs, an institution must be legally authorized by a State to provide a post-secondary education program, and the State must have a process to review and act upon student complaints about that institution.

Memphis Theological Seminary is legally authorized by Tennessee Code Annotated § 49-7-2004(a)(6) and §49-7-2004(a)(11) and the TN Office of Attorney General is the agency responsible for reviewing any complaints from students lodging a complaint against a school authorized to legally operate in the State of TN

Complaints can be sent to:

Office of the Attorney General and Reporter
P.O. Box 20207
Nashville, TN 37202-0207
Telephone: (615) 741-3491
Fax: (615) 741-2009

Federal Stafford Loan (contact Director of Financial Aid Financialaid@memphisseminary.edu)

The Federal Stafford loan process requires that you complete a Free Application for Federal Student Aid (FAFSA) and send it to the U. S. Department of Education. Apply on-line at www.fafsa.ed.govPLEASE FOLLOW THE DIRECTIONS CAREFULLY.  Once your FAFSA is processed, you will receive an output document referred to as the Student Aid Report (SAR).  When you receive the SAR, please schedule an appointment with John for your loan to be processed and certified.


Graduate or professional student definition: A graduate student is one who: is not receiving aid as an undergraduate for the same period of enrollment; is enrolled in a program above the bachelor’s degree level or one leading to a professional degree; and has completed the equivalent of at least three years of full-time study (24 credits per year x 3 years = 72 credits), either before entrance into the program or as part of it  (34 Code of US Federal Regulations 668.2(b)).

A student must be enrolled half-time (6 credits) to receive financial aid through Title IV.  The DMin program is considered full-time for eligibility purposes.

Attendance must be verified the first week of classes in order to receive financial aid disbursement.  DMin students will be verified for enrollment by the Academic Dean by the fifth day of the beginning term (May 5, November 5).

If a student is enrolled in courses that do not count toward a degree, they cannot be used to determine enrollment status unless they are eligible remedial courses.  This means students cannot receive financial aid for classes that do not count toward their degree or certificate.

Satisfactory Academic Progress – Standards for Financial Aid Recipients

Federal and Seminary regulations require that a student maintain satisfactory academic progress in order to receive financial aid. The minimum standards of satisfactory progress are contained in this document and are applicable for the financial aid programs administered by the Seminary.

1. A student must either maintain a minimum 2.0 cumulative grade point average (CGPA).  A student must maintain the Seminiary’s cumulative minimum GPA to remain in good standing, rather than a 2.0 GPA for one semester.

2. A student must successfully complete 2/3 (67%) of attempted hours as determined by the student’s enrollment status.  The chart below illustrates this criterion.


Credit Hours Enrolled  Per Semester

Hours that Must Be Completed Successfully

Full Time Status



Three Quarter Status



Half Time Status



As student must complete the degree or certificate within a specified time frame.


Credit Hours


MTS Time Frame

Master of Divinity




Master of Arts




Master of Arts Youth Ministry




DAAC Certificate



5/6 Credit Semesters

Doctor of Ministry




A student’s entire academic history (including credits transferred from other schools) is evaluated to determine the satisfactory academic progress whether or not financial assistance was received.

Standards for Satisfactory Academic Progress (SAP) will be evaluated annually at the end of the spring semester, as grades are posted.  A student who fails to meet SAP will no longer be eligible to receive assistance under the Title IV, HEA programs unless the student has appealed and has been placed on financial aid probation.

Successful Completing of a Class is defined as having earned a grade of A, B, C, D or P. Unsatisfactory completion or non-completion of a class is defined as having earned a grade of F, W, or I.

Financial Aid Probation: When a student loses FSA eligibility because they failed to make satisfactory progress, the school will permit an appeal made to the Director of Financial Aid on the basis of: personal injury, illness, the death of a relative, or other special circumstance.  This appeal must explain why the student failed to make satisfactory progress and what has changed in their personal situation that will allow the student to make satisfactory progress at the next evaluation.

If the Director determines, based on the appeal, that the student should be able to meet the SAP standards by the end of the subsequent payment period, the Director may place the student on probation without an academic plan.  The student’s progress must be reviewed after the next payment period, as probation status is for one payment period only.

If it is determined, based on the appeal, that the student will require more than one payment period to meet progress standards, the Director may place the student on probation and develop an academic plan for the student.  The Director will review the student’s progress at the end of one payment period as required of the student’s probation status, to determine if the student is meeting the requirements of the academic plan. If the student is meeting the requirements of the academic plan, the student is eligible to receive Title IV aid as long as the student continues to meet those requirements and is reviewed according to the requirements specified in the plan.

Repeated Courses:  When repeating a course, students may receive financial aid for a course if the previous grade was an F or W.  In addition, students may also receive financial aid for a repeated course if the initial grade earned does not meet the pre-requisite requirement for the next course in the sequence.  Students may only receive financial aid for a repeated course once.

Non-Credit Courses:  These courses are not eligible for Title IV assistance and do not satisfy requirements of any Title IV eligible academic program.  As such they are not considered in the Standards of Satisfactory Academic Progress.

Veterans Benefits (contact the nearest Department of Veterans Affairs)

Memphis Theological Seminary is approved for persons wishing to study under the provisions for educational benefits for veterans of the U.S. military services.  Information regarding benefits available should be obtained directly from the nearest office of the Department of Veterans Affairs. Inquiries regarding assistance by the seminary in processing applications should be addressed to: Registrar, Memphis Theological Seminary, 168 East Parkway South, Memphis, TN 38104.