St. 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:

• Payment for tuition is usually not considered a tax-deductible charitable contribution.
• When an individual sponsers a student's education by paying all or some tuition or fees, funds are usually not deductible as charitable contributions.

A 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 rules may be applicable:

• Scholarships 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.

Application 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.