Why Support Scholarships?
More than 80 percent of Payne’s students receive financial aid, and each year the seminary awards thousands of dollars on scholarships to support students. Scholarship support helps Payne attract the best and brightest students and makes a Payne education possible for a large number of those students.
The seminary is pleased to work with you to create new scholarship awards or to fund existing scholarship programs that will support Payne’s mission to provide the highest quality of theological education. Your scholarship gift can provide need- or merit-based assistance to students in the college or program of your choice.
Types of Scholarships
Annual scholarship gifts provide tuition remission to deserving students on a year-to-year basis.
When you create an endowed scholarship of $25,000 or more, you assure that money is available in perpetuity to help Payne students afford growing tuition costs. Each year a portion of the accrued interest funds a scholarship award; the remainder is returned to the endowment so that it will grow with every passing year. And because endowed scholarships become a "living" part of the seminary, many donors choose to create one to commemorate a family legacy, a dear friend, or another important individual.