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Financial Information
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Charitable ContributionsSt. Louis Theological Seminary is a nonprofit organization incorporated in the State of Missouri.STLTS has applied for 501(c)(3) tax-exempt status. When granted, STLTS will be able to receive tax-deductible contributions to help provide quality education to our students. When 501(c)(3) tax-exempt status is granted, unrestricted donations of funds to STLTS will be tax deductible as charitable contributions to the extent the law allows. STLTS recommends the advice of a tax professional in these matters. The following rulings may be applicable:
Scholarships and Tuition ReductionsA limited number of scholarships are available. Students seeking scholarships submit requests to the Director of Business Affairs. Requests are viewed by the President, and scholarships are recommended by the Executive Committee and approved Board of Regents.Students who receive scholarships and students employed by STLTS who receive free tuition or a reduction in tuition are encouraged to seek the advice of a tax professional. The following rulings may be applicable: • Scholarship funds used for tuition payments for degree programs may be tax free for the student. • Scholarship funds used for tuition payments for non-degree programs may be taxable for the student as income. • Free tuition or tuition reduction received by a student who is employed by STLTS in lieu of payment for services may be taxed as income. Payment and Student LoansApplication fees must accompany all applications submitted to the Registrar.After registration forms are received by the Registrar, invoices will be sent to students for tuition and class material, along with a Book Order form for books available for purchase from STLTS. Payment for tuition and is due before course syllabi and class material will be distributed. Payment for books must be separate from payment for tuition; payment for books is due upon receipt by the student. Students are discouraged from accumulating unsecured debt. Students may request other financial arrangements for tuition in writing to the Director of Business Affairs. Students must obtain written acknowledgement of any cash payment from the Director of Business Affairs at the time payment is made. Canceled checks serve as acknowledgements of payments made by check. It is the responsibility of students to provide these acknowledgements as proof of payment in matters of dispute. Fees and Tuition Application Fee $ 50.00 per person for all students (including spouses and students auditing courses) Outgoing Transcript $ 5.00 per address Ministerial Life Experience Credit $ 25.00 per credit hour Auditing (without credit) no charge Bible College Course Tuition $ 50.00 per credit hour (includes spouse at no additional charge) Seminary Course Tuition $ 75.00 per credit hour (includes spouse at no additional charge) Life Experience Credit $ 50.00 per credit hour Bible College ProgramLife Experience Credit $ 75.00 per credit hour Seminary Program Proficiency Exam $ 50.00 per credit hour Bible College Course (in lieu of taking the course) Proficiency Exam $ 75.00 per credit hour Seminary Course (in lieu of taking the course) Class Materialspurchase from STLTS at costBookspurchase from other sources orpurchase from STLTS when available at cost Refund Policy• Application fees not refundable.• Books and class materials are not refundable. • When students drop courses, switch to audit, or withdraw from STLTS within the first half of a course of study (seven weeks), half of the tuition will be refunded. When students drop courses, switch to audit, or withdraw from STLTS after one-half or more of the course of study (after seven weeks), tuition is not refundable. • Refunds for payments made as a sponsorship will be refunded to the sponsor. Requests for an exception to the refund policy due to extraordinary hardship must be made to the Director of Business Affairs in writing. The request will be forwarded to the Executive Committee for a decision. |
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