Seminary graduates with a master’s degree in an appropriate field from an approved seminary may apply for a grant of up to $2,000 annually towards repayment of seminary debt while they are serving in appointment in the Minnesota Annual Conference, or, if they are members of the Minnesota Annual Conference, while they are serving in extension ministry.
A maximum of five annual grants of $2,000 each may be awarded. Grants will not be given in excess of current, demonstrated debt amounts for the master’s degree for which debt was incurred.
Grants may be awarded up to ten years following graduation. For example:
Grant applications are normally reviewed monthly by the Board of Ordained Ministry. Once approved, payments are typically processed within one week.