Taylor Seminary

Taylor Seminary Financial Aid

Nomination Awards
This $1,000 award is available to EVERY new fulltime student! Read more or download the Nomination Form

Seminary Scholarships
The Seminary scholarship program awards those students obtaining above average grades with tuition reduction credited directly to a student’s account, 50% each semester. Students on academic probation or on disciplinary probation are not eligible. Scholarships include the Campus Transition Award, the NAB Grant/Loan, Edmonton Chinese Church Scholarship, NAB Ministry Training Grant, Vocational Ministry Scholarship, the Goltz Family Scholarship, and the Alfred Krinke Leadership Scholarship. Click here to download the Seminary Scholarship Application Form.

Seminary Bursaries
Through donations from generous friends, alumni and businesses, Taylor is able to offer a limited number of bursaries. Some of these are awarded according to stipulations specified by the donor. Students on academic probation or on disciplinary probation are not eligible.

Taylor will award these bursaries based on the information contained on applications for admission and financial aid. These bursaries are non-repayable and are granted primarily on the basis of financial need. Click here to download the Seminary Bursary Application Form.

Application Procedure
Completed forms are due in March of each year. New students’ Application for Admission to study at Taylor must also be completed in order for the Seminary Bursary application to be considered.

Late Applications
Funds from unclaimed bursaries are available to late applicants at the discretion of the Financial Aid Committee.

Reimbursement for Unused Aid
Students who leave school before completing an academic term must return a portion of the financial aid received. This portion is based on the table found in the Refund section of the Academic Calendar.

Government Student Loans

Canada Student Loans
Alberta Student Loans
Other Provincial Student Loans
United States Stafford Loans

The following government loans may be available to Taylor Seminary students:

CANADIAN Federal and Provincial Student Loans

The Government of Canada offers Canada Student Loans to full and part-time post-secondary students who demonstrate financial need in most *provinces and territories across Canada.  You apply through your province or territory of permanent residence which assess your eligibility and determine the amount of federal and provincial student financial assistance you can receive.  Through the same application you may also qualify for Canada Study Grants, Canada Access Grants, a Canadian Millennium Bursary and provincial grants and bursaries– non repayable forms of student financial assistance.

*The exceptions are Quebec, the Northwest Territories and Nunavut which operate their own student loans programs.

Student Resources:

Canada Student Loans Program www.canlearn.ca

To determine your eligibility and request applications or apply on-line:

United States Loans

Entrance and Exit Counseling for US Stafford and PLUS Loans

Taylor is certified by the U.S. Government to participate in the Federal Family Education Loan (FFEL) Program:

FFEL Federal Stafford Subsidized Loans are low-interest loans for financially needy undergraduate and graduate students.  Interest does not accrue on the loan while the student is in school at least half-time. ($3500-$8000 depending on grade level)

FFEL Unsubsidized Stafford Loans are low-interest loans for undergraduate and graduate students where the student is responsible for the interest over the life of the loan, including while they are in school. They can be approved in place of the expected family contribution.  ($3500-$20500 less any subsidized amounts received for the same period depending on grade level and dependency status)

FFEL PLUS Loans are loans to parents for college expenses of the undergraduate, dependent children. The right to borrow PLUS Loans has also been extended to eligible graduate and professional students.  (Funds can not exceed costs of education and living expenses while in school)

Student Resources:

www.FederalStudentAid.ed.gov/guide                                    

www.FederalStudentAid.ed.gov/pubs   

Federal Student Aid Information Center

1-800-433-3243 (Toll Free) 1-800-730-8913 (TTY)

or 1-319-337-5665 when calling from Canada

Steps to processing a student loan application are:

1.  Apply for your PIN number (www.pin.ed.gov ).

2.  Complete and “sign” the on line Free Application for Federal Student Aid (FAFSA) at www.fafsa.ed.gov .

3.  Contact our Registrar, Craig Weston, and inform him of your preferred lender’s (bank) information (craig.weston@taylor-edu.ca / 780-431-4208). 

You must be registered in a minimum of 6 credit hours towards a degree, diploma or certificate (9 credit hours is minimum for government recognition of full time status for loans; 12-15 credit hours is recommended by the institution for timely completion of programs ). 

Taylor’s student loan officer will then:

1.  Secure the needed documents to determine your eligibility.

2.  Process the school certification of your loan application.

3.  Let you know what type and amount of funding you qualify for.

NOTE: Degree programs have been approved by the Veterans' Administration of the United States for the enrollment of Veterans under the provisions of the Veterans' Readjustment Benefits Act of 1966.

Taylor's Stafford Loan School Code is: 021957