Financial Planning

FINANCIAL PLANNING

Knox Seminary seeks to keep educational expenses as low as possible. While tuition amounts to only approximately one-fifth of the actual cost of operating the Seminary, the business office will work with all students who are facing financial hardship to come up with a financial plan.

Students who need financial assistance to meet the costs of master-level tuition are encouraged to apply for financial scholarship. The scholarships and church partnership programs on this page have been established through the generosity of families and friends who have been faithful supporters of Knox.

 

 

 

THE CHURCH PARTNERSHIP PROGRAM

This is a scholarship program whereby the Seminary joins together with the local church to support students and their financial and ministerial needs. It is possible that the Seminary will match up to one-third of the cost of tuition provided by the church. In other words, if the Church contributes one-third and the student contributes one-third then the Seminary will contribute up to one-third of the tuition costs based on need. This amount is not guaranteed and is subject to change based on the availability of scholarship funds. Arrangements must be made through the business office.

View Application

Scholarship Application Procedures

Awards for the scholarship funds are determined by the Scholarship Committee. While awards are primarily based on financial need, other criteria include academic achievement, spiritual maturity, and ministry potential. Some scholarships have specific requirements in addition to the application form. Each student must be sure to submit any additional requirements with the application.

New Students:  The scholarship application is available on the website and should be returned no later than July 1. To be eligible, the applicant must be admitted to a program of study by July 1. Late applicants who apply for scholarship, and who would ordinarily be eligible, will be put on a waiting list in the event that funds become available.

Current students:   All current scholarship recipients must reapply for the scholarship each year by July 1. Scholarship application forms are available on the website.  Current students who miss the deadline, and who would ordinarily be eligible, will be put on a waiting list in the event that funds become available.

Unless otherwise noted, a scholarship is granted for the current academic year only.

The Julia Abdullah Scholarship

This scholarship was established in 1998 by one desiring to honor the memory of a woman whom he believed to be one of the finest Sunday school teachers he knew. The annual award is based on submission of the best essay entitled “How the Sunday/Church School Hour Can Be Made the Most Interesting Hour of the Week.” [Note: The essay must be submitted with the scholarship application to the Scholarship Committee (for review by faculty readers) no later than June 1 each year. The essay must be a minimum of 2500 and no more than 3000 words in length.]

The Andrew Pallay & Mary Pallay Covell Scholarship 

Mary P. Covell, PhD, established this scholarship in 1995. As a direct descendant of John Husz, Dr. Covell wished to honor the memory of this great Reformer, her ancestor, who died for his precious faith. The recipients of this award are designated as John Husz Scholars.

The Ross L. and Edna M. Harman Scholarship 

Established in 1989, this scholarship is designed to assist theological students as they prepare for service to our Lord.

The Kovack Securities Scholarship Fund

This scholarship fund was established in December 2006 to assist those seeking to enter the ministry and enrolled in the Master of Divinity program. The fund especially favors those inclined towards exegetical preaching or military chaplaincy.

The John Joseph Mogle Scholarship Fund

The John Joseph Mogle Scholarship was established in 2002 using funds given to Knox in a bequest from his estate.

The Mary M. Patton Scholarship Fund

The Mary M. Patton Scholarship was established in 2001 using funds given to Knox in a bequest from her estate.

The Charles Jenkins Sweat, Jr. Fund Scholarship

In December 1989, Mr. and Mrs. Charles J. Sweat established this fund in perpetuity as a memorial to the life of their beloved son, Charles.

The Reverend William A. Swets Memorial Scholarship

This scholarship was established in March 1999 by his wife and children, in loving memory of Rev. Swets who served as Minister of Pastoral Care at Coral Ridge Presbyterian Church from 1970-1994. Rev. Swets shared with Dr. Kennedy the vision of establishing Knox Seminary and had the joy of seeing that dream come to fruition as his prayers were answered. He prayed that Knox students would always be enthusiastic for the privilege of preaching the Gospel of Jesus Christ.

The Thomas Family Scholarship

This scholarship was established in June 1992 as the Thomas family’s testimony to the love of others and to life both here and in eternity. The family wanted others to know the comfort and love of the Lord in times of trial and suffering and believed this message should come from those properly trained in the ministry who would be of service to others. The scholarship is designed to assist those called to the Lord’s service through ministry.

Scholarship Application

Additional Funding Support

For those seeking additional scholarship resources, the following sources may be helpful:

Fund for Theological Education (FTE)

FTE offers support to help gifted young people explore and respond to God’s calling in their lives. Our mission is to advance excellence as we encourage caring, capable, and courageous young adults from diverse backgrounds on their journey to become pastors and scholars—the next generation of leaders for the church.  For more information, visit http://www.thefund.org/.

Lilly Endowment

Lilly Endowment Inc. was established in 1937 by members of the Lilly family (Eli Lilly and Company — pharmaceutical company), to support the causes of religion, education and community development, placing special emphasis on projects that benefit young people and promote leadership education and financial self-sufficiency in the nonprofit, charitable sector.  For more information, visit: http://www.lillyendowment.org/theendowment.html.

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