Phrear School of Theology offers financial aid in the form of student grants that are funded through the institution and the efforts of friends, partners, ministries and the congregations of Full Gospel Assemblies. No state or federal government financial aid programs are available. The current Financial Aid application is available online with the application forms. The following PST student tuition grants are available.
PST Pastoral Grant. Thirty Percent. (30%)
Pastors of local congregations may apply for a student tuition grant of 30%. It is required that all PST Pastoral Grant candidates be fulfilling the position of pastor of a local congregation, holding regular worship services. Pastoral Grant applications will be required to be supported by ministerial references.
PST Second Generation Grant. Twenty-Five Percent. (25%)
Children of pastors of local congregations may apply for a student tuition grant of 25%. It is required that all PST Second Generation Grant candidates be the child of an active pastor of a local congregation, holding regular worship services. Second Generation Grant applications will be required to be supported by ministerial references.
PST Timothy Grant. Twenty Percent. (20%)
Applicants from within Full Gospel Assemblies affiliate or partner congregations may apply for a student tuition grant of 20%. It is required that all PST Timothy Grant candidates be recommended by an active pastor or minister of a local FGA affiliate or partner congregation. Timothy Grant applications will be required to be supported by pastoral references.
PST Discipleship Grant. Fifteen Percent. (15%)
Students demonstrating that they are answering the call to ministry with further preparation in study of the word of God may apply for the PST student tuition Discipleship Grant of 15%. Discipleship Grant applications will be required to be supported by a call and vision statement describing the inner call of God and the vision in fulfillment of the call.
PST Economic Grant. Sliding Scale
Students experiencing financial hardship or constraint may apply for the PST student tuition Economic Grant. Economic Grants are based on confirmed household / family income level and granted on a sliding scale to a maximum of 30% of student tuition.
PST Academic Excellence Scholarships
PST Academic Scholarships of 5% of student tuition are available for all degree candidate students beginning with the second PST academic year classification. Candidates are required to have maintained a GPA of 3.5 or higher for the prior year with PST. Academic Excellence Scholarships may be applied jointly with a PST student grant.
PST Grant Limitations
All grants are available as funding is available to PST. Students may apply for more than one grant, however a maximum of one grant may be granted to each applicant per academic year. All grants are granted for one academic year classification (freshman, sophomore, junior, senior), for degree candidates and must be reapplied for with the commencement of each new academic year. Refer to ‘student classifications’ for classification requirements. Select Enrollment students not officially pursuing a degree program are not eligible for PST Pastoral or Second Generation grants. Grant applications for Select Enrollment students are required to be renewed with each enrollment.
Please refer to current PST catalog for full information regarding grant limitations, excellence scholarships, and full course load grant increases.