Student Debt-Reduction Grant Renewal Application

Renewal application for those who have already received a Student Debt Reduction grant once or twice in the past.

Purpose: To reduce the amount of student loan debt incurred by clergy in appointment in the Dakotas and Minnesota Annual Conferences and increase personal financial literacy through participation in offered financial management education opportunities.

Eligibility Criteria:

  • The applicant is a provisional or ordained deacon or elder or a licensed local pastor in good standing with the Dakotas or Minnesota Annual Conferences.
  • The applicant is under appointment and actively serving a local UM congregation or an extension ministry in the Dakotas or Minnesota.
  • The applicant is a provisional or ordained deacon or elder or licensed local pastor in the Dakotas or Minnesota Annual Conferences who has been under active appointment within the last year, but is currently on leave.
  • The applicant is able to provide evidence of current student loan debt resulting from college or seminary education.
  • The applicant has previously received a student debt reduction grant and is applying for a renewal.
  • The applicant, as described above, is eligible to receive up to $5,000 annually renewable up to three years total, not to exceed the student loan payoff.

If you have questions about the grant process, contact Diane Owen at diane.owen@dkmnareaumc.org.

 

*First Name
*Last Name
*Address 1
Address 2
*City
*State
*Zip
*Phone
*Email
*Social security number
Clergy Information
*Are you serving a local United Methodist congregation or extension ministry under appointment of the Dakotas or Minnesota Annual Conference?
Yes
No
If yes, in what capacity?

Choose all that apply.

Provisional
Elder
Deacon
Licensed Local Pastor
Extension Ministry
Full-time
3/4-time (75%)
Half-time (50%)
1/4-time (25%)
If yes, what is the name of the church(es) or extension ministry location?

Include full name of church/ministry and its city.

If yes, what annual conference are you appointed to?
If yes, what district are you appointed to?
If no, what is your current status?
Date leave began:
Please specify your status.
Financial Student Debt Information

Remember to submit evidence of debt balance and payment along with loanholder information for disbursement of funds to Diane Owen. See above Steps in the Application Process for details.

*Outstanding student loan(s) balance as of grant submission date
*Monthly payment on student loan(s) balance
Disbursement Procedures

Grants are paid directly to the loan institution. Grant recipients will receive a 1099 for the amount of award and are encouraged to seek further personal tax advice.

*Please outline how the previous grant has been helpful to you, and perhaps (beyond this grant money) would still be needed/appreciated to improve personal financial health and well-being. (200-400 words)
*How many times have you applied for a renewal of this Student Debt Reduction grant?

The applicant is eligible to receive up to $5,000 annually renewable up to three years total, not to exceed the student loan payoff.

1. Original grant - $5,000
2. First renewal request - $5,000
3. Second renewal request - $5,000

*I request the renewal of the Student Debt Reduction Grant in the amount of $5,000, or remainder of student loan debt (whichever is less).

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