Southern Seminary does not participate in Title IV funding (federal or state student aid programs) involving loans or grants. Therefore, it is unnecessary for SBTS students to complete the Free Application for Federal Student Aid (FAFSA).

Private loan options:

Click here for a list of approved private lenders and a comparison of available loans.

Suggested deadlines:

While there is no final deadline for student loans, students who intend to use a loan disbursement to pay for tuition costs should have all parts of the application process (including submission of the cost estimator worksheet to the financial aid office) completed by the following dates:

  • Fall term – August 1
  • Spring term – January 1

How to apply:

  1. Complete the online application with Sallie Mae, Discover, or KHEAA. Students may borrow a maximum of $15,000 per year. Requests exceeding $15,000 require special approval by the Financial Aid Office.
  2. If approved, the lender will contact SBTS Financial Aid with approved loan amount.
  3. Student will receive an email from Financial Aid with a Cost Estimator Worksheet, requesting an itemized breakdown of the requested loan amount. (Students can apply for funding for tuition, fees, books, dorm/rent, and a campus meal plan.)
  4. The Financial Aid Office will certify the student loan with the lender after completed Cost Estimator Worksheet is received.
  5. Loan is disbursed by term to student tuition account.
  6. Student can request a check from the Accounting Office for rent and books by logging into, selecting the “Account Information” tab under Student Tools, and completing the “Check Refund Request” form.

Tips for borrowing:

  • Only borrow what you need
    • Remember that every dollar that is borrowed will be required to be repaid in the future, plus interest. Calculate how much of your school-related expenses can be paid by other sources (scholarships, payment plan) and then apply for a loan for the remaining amount.
  • Make monthly payments while in school
    • Paying off the interest that accrues each month while in school can amount to large savings after you graduate. Some lenders offer lower interest rates for students who make monthly payments while in school
  • Apply with a cosigner if possible
    • Applying with an eligible cosigner can often help students be approved for a lower interest rate. Also, having a cosigner can help students who do not have adequate credit history be approved for a loan who would not otherwise be eligible.
  • Compare interest rates of lenders before applying
    • Find a loan and interest rate that is the best fit for you. If you apply with multiple lenders, remember to cancel loans that you do not intend to use.

Institutional loan option:

SBTS Short Term Loan

Southern Seminary offers a short term loan to currently enrolled, continuing students for a maximum of $2,000 with an annual interest rate of 7%.  Students may apply for a short term loan in the Financial Aid Office (Norton 154) for tuition or living expenses. The repayment period for the loan is 6 months. Please allow one week from the time of application for processing.


  1. Student must be currently enrolled at Southern Seminary and a continuing student (first semester students are not eligible to apply).
  2. Student must not be on academic probation, academic warning, or under disciplinary action.
  3. Loans are not available for students who have filed bankruptcy.
  4. Student must have completed one semester at SBTS.
  5. Loan applications must be accompanied by a Self-Certification Form (available in the Financial Aid Office).