DTS Financial Aid

Financial Aid

Direct Loan Program

A Direct Loan is a low-interest loan funded with monies from the U.S. Treasury which students may borrow while attending school and begin repaying once they graduate or drop below the half-time status of taking at least 6 hours per semester.
 
Congress establishes the interest rate, which is currently 6.8%. The interest and principal repayments are deferred as long as the student remains on at least half-time status in an approved degree program and provided the loan was issued after July 1, 1987.
 
Students who are not financially qualified for a subsidized loan, in whole or part, may be eligible for an unsubsidized loan. In this program, students can choose to either make their interest payments monthly, or have them capitalized per a designated period of time.
 
Financial Aid is available to assist students and their families by providing options suitable for their financial status. For more information on the specific forms of financial aid available, contact the office at 800–992–0998.

2011 Loans

Required Forms for Application:

  • FAFSA – The Department of Education’s Free Application for Federal Student Aid (FAFSA) can be filled out online. The FAFSA must be filled out in order to process a Student Aid Report (used to process Loans). Each FAFSA covers one school year (example: Fall 2012/Spring 2013/Summer 2013). A new FAFSA must be completed for each school year. The school code for Dallas Seminary is G03562. The DTS Financial Aid Office strongly encourages applicants to select the option to allow the FAFSA to retrieve your IRS data.  Doing so will save you time by eliminating the need for DTS to request additional tax forms from you at a later date if you are selected for verification..
  • Electronic Master Promissory Note – Once completed, the eMPN is valid for up to ten years.
  • Loan Request Form 2011-2012 – This form must be completed each time loan funds are requested.