Education and Clergy Development exists to develop healthy, fit and effective ministers who transform lives, churches, and communities through the hope and holiness of Jesus Christ. One very practical way in which Education and Clergy Development seeks to do this is through the Wesleyan Ministerial Loan Grant program. This program seeks to make it more financially feasible for students to receive a quality ministerial education.
The Wesleyan Church provides loan grant assistance to students enrolled in an approved ordination track at one of our approved schools or seminaries. This student aid program is administered by the Education and Clergy Development Division and is available to juniors and seniors at Wesleyan colleges and those enrolled for graduate theological training up to the completion of a Master of Divinity degree program or its equivalent. More information may be found at the links below!
Resources for Applying
Determine your Wesleyan Ministerial Loan Grant Eligibility
Loan Grant Eligibility Chart Click on the chart above or answer the questions below to determine if you are eligible for the Wesleyan Ministerial Loan Grant. 1. Are you seeking funding for your ministerial studies at an eligible institution? Eligible Wesleyan Colleges and Universities
- Houghton College
- Indiana Wesleyan University
- Kingswood University
- Oklahoma Wesleyan University
- Southern Wesleyan University
- Wesley Seminary at Indiana Wesleyan University
- Asbury Theological Seminary
- Azusa Pacific University Haggard School of Theology
- Evangelical Seminary
- Portland Seminary at George Fox
- Nazarene Theological Seminary
- Northeastern Seminary
- Tyndale Seminary
- Wesley Biblical Seminary
If you are NOT seeking funding for your undergraduate studies at one of the Wesleyan colleges or universities, you are NOT eligible. Stop here. If you are NOT seeking funding for your graduate studies at one of these seminaries, you are may still be eligible. Go to #2. If you are seeking funding for your studies at one of these institutions. please continue to #3. 2. Possible eligibility at a non-approved seminary. A student enrolled at seminaries other than those approved for Wesleyan ministerial students through Education and Clergy Development may receive loan/grants or grants subject to the same conditions as other students provided the following requirements are also met:
- The student is enrolled with Education and Clergy Development (unless ordained).
- The students submits to Education and Clergy Development reasons for attending the non-approved seminary.
- The institution is accredited by the proper accrediting association.
- The student’s district board of ministerial development approves his/her attendance at the non-approved seminary.
- The student’s attendance at the non-approved seminary is approved by the Executive Director of Education and Clergy Development and the General Superintendent.
If you wish to pursue this option, please meet the following requirements and then proceed to #3. 3. Do you have the required district Credentials? You must hold one of the following credentials from your district in The Wesleyan Church in the North American General Conference:
- Are you a Ministerial Student? If yes, continue to #4
- Are you a Licensed Minister? If yes, continue to #4
- Are you an Ordained Minister? If yes, continue to #5
- I do not know. Contact your district to determine your credentialing.
- None of these – You are not eligible. Stop here.
4. Have you enrolled with the Division of Education and Clergy Development?
- Yes, I have enrolled. Continue to #5
- I do not know. Call 317-774-3911 to determine if you have enrolled.
- No. Please enroll at HERE. Then continue to #4.
5. Are you seeking funding for an undergraduate or graduate degree?
- I am seeking funding for a undergraduate degree. Continue to #6
- I am seeking funding for a graduate degree. Continue to #7
- I am not seeking funding for either of these degrees. You are not eligible. Stop here.
6. Do you meet ALL of the following undergraduate academic requirements
- Do you have a minimum GPA of 2.0 on a 4.0 scale (check with your institution’s registrar office)?
- Are you in a Wesleyan ordination track degree program at your Wesleyan institution (call 317-774-3914 to determine this)?
- Have you accumulated 60 credit hours (check with your institution’s registrar office)?
If you can answer “Yes” to all three of these requirements, continue to #8. If you answered “No” to any of these questions, you are not eligible. Stop here. 7. Do you meet ALL of the following graduate academic requirements
- Do you have a minimum GPA of 2.0?
- Are you in an ministry degree program at your Wesleyan institution?
If you can answer “Yes” to both of these requirements, continue to #8. If you answered “No” to any of these questions, you are not eligible. 8. Determine desire and intention. Is it your desire and intention to serve under appointment by one of the districts of the United States or Canada of The Wesleyan Church in a capacity where cancellation of the loan/grant can occur (typically appointments to a non-Wesleyan church, a non-Wesleyan organization, or a non-Wesleyan institution do not qualify for cancellation)?
- If you can answer “Yes” to this question, you are eligible to apply.
- If you cannot answer “Yes” to this question, you are NOT eligible.
Loan-Grant Information Request
To request more information about the Loan Grant please click here.
Loan Grant Rates
For a list of funding rates (per credit hour) by school provided by the Wesleyan Loan Grant, Click HERE
Wesleyan Ministerial Loan-Grant Cancellation and Repayment
Loans are interest-free while the student is pursuing training for ministry in The Wesleyan Church. Repayment of the loan/grant begins September 1 following graduation or termination of study for ministry in The Wesleyan Church and may be handled through cancellation on the basis of service in The Wesleyan Church or through cash payments.
For those who do not serve The Wesleyan Church after graduation or termination of their studies for ministry in The Wesleyan Church, interest in the amount of ten percent(10%) per annum will begin on September 1 following such termination. A repayment of twenty percent (20%) of principal plus interest will be due one year after said date, with the obligation continuing annually until the note is paid. The minimum monthly payment is calculated on a 5 year repayment schedule.
Those who serve in a qualifying ministerial appointment by The Wesleyan Church will receive a twenty-percent (20%) cancellation of the loan principal plus interest for each year of full-time service following studies. Ten-percent (10%) cancellation of the loan-principal plus interest may occur for part time (20+ hours/week) under qualifying ministerial appointment in the Wesleyan Church.
Aid given as a grant to ordained ministers who are eligible for loan/grants but who have served The Wesleyan Church for five or more years under full-time district appointment subsequent to cancellation of any previous loan/grant service obligations.
Deferment may occur for as long as a student is enrolled full-time at an educational institution
- A student who continues training for service in The Wesleyan Church, but no longer receives loan/grants, may request postponement of his/her loan/grant until the training is completed. This training may be in college, seminary, internship, or advanced studies, and must be validated by the appropriate official.
- Training is being continued but the student no longer intends to serve The Wesleyan Church. Validation of enrollment from the school is required.
A postponement of payment may be requested for one of the following conditions:
- Training is completed but an appointment in The Wesleyan Church is delayed.
- Training is completed, appointment in The Wesleyan Church has been declined, repayment may have begun, but extreme financial conditions make normal repayment impossible. A general petition must be completed and approved. If approved, a nominal $25 monthly payment is still required.
- Postponements are effective for one year at a time. Postponement may be requested only twice and will not be granted in consecutive years. The request may be declined by the Division for any reason.
Reporting Your Status Annually
Education and Clergy Development will verify your status annually with your district in late August after district conferences have concluded. Based on district reporting, your account is placed into a status of cancellation, or repayment. Communication will be sent via e-mail regarding the status of your account. This will be your opportunity to respond and communicate any special circumstances. Those accounts placed in repayment will begin receiving invoices beginning in November to begin repayment.
It is your responsibility to keep your contact information current. If you have any contact information updates, please e-mail those to firstname.lastname@example.org.
Loan Grant Guidelines
Loan Grant Guidelines regarding Repayment & Cancellation can be found HERE
Applying for the Wesleyan Ministerial Loan-Grant
Students are encouraged to 1) Determine their eligibility (see relevant section) and 2) Consider the repayment and cancellation policy (see relevant section (see relevant section) before applying for the Loan-Grant. Once a student has considered this, they may apply for the Loan-Grant.
- Applications for FALL semester must be received by September 15th. Applications for Spring semester must be received by January 15th.
- To Apply Click HERE
Loan Grant Application
To Apply for the Loan Grant, click HERE
I've applied for the Wesleyan Ministerial Loan Grant. Now what?
Thank you for applying online for the Wesleyan Ministerial Loan-Grant program. You might be wondering what’s next.
Once you’ve applied
Once your application is received, ECD will confirm your eligibility. If you meet all the requirements, your application will be approved.
If your application is approved, you will receive an email notifying you that your application has been approved.
If your application is denied, you will receive an email notifying that your application has been denied. It will state why it was denied.
After you’re accepted
- Register for an account
- Ordained ministers should register for an online account at the ECD Portal (www.wesleyan.org/emcam). Here you will be able to keep track of your loan grant transaction history. Be sure to request access to the loan-grant module at the appropriate stage in the registration process.
- Ministerial students and licensed ministers, who should already have an account, should simply request access to the Loan-Grant module under your account settings. Contact ECD at 317-774-3911 if you have difficulty setting this up.
- Complete the “Institutional Authorization” form under the forms tab on the portal. Submit this to your educational institution. Do NOT send this to ECD.
How loans are disbursed
- ECD will automatically certify your enrollment at your institution for each semester. For each semester that you remain eligible for aid, ECD will disburse a loan.
- Find your program to see how your loan check is disbursed
- Checks for all traditional undergraduate programs (HC, IWU, KU, OKWU, SWU) are sent to the Loan-Grant representative at each school. This representative will then contact you with instructions.
- Checks for Indiana Wesleyan University non-traditional programs (Wesley seminary and the BSBO degree) as well as our approved seminaries are sent directly to the student.
- A Master Promissory Note is sent with a student’s first loan check. It is the students responsibility to return the completed and signed promissory note. Failure to do so will result in lack of future eligibility.
It is your ongoing responsibility to keep ECD updated with your most current contact information (name changes as well as email, phone, and address changes).
What happens when you’re done with your studies?
Once you graduate, terminate studies, or lose eligibility, your account will be adjusted to reflect your new status. You will need to complete a PIS (Personal Information form) upon graduation or termination of studies. For more information regarding what occurs after this, please see our Repayment and Cancellation Information Section.
Resources for Current Loan Grant Recipients
You may now request access to view your current account history for your Ministerial Loan-Grant account.
You may request an account at www.wesleyan.org/emcam. You will be asked to provide some basic information. When prompted to request access, please check “Loan Grant Account”. Once you submit your request it may take a few days for your request to be approved (this is a security procedure).
If you already have a login to the ECD Portal but need Loan-Grant access, click on “My Account” then “Edit Account”. Under “Request Access” you can request “Loan Grant Account” access.
Once you have been granted access, you will be able to view your Loan-Grant transaction history.
Problems with requesting an account or access? Contact IT at 317-774-7931
Questions about your Loan-Grant Account? Contact Education and Clergy Development at email@example.com
Financial Wisdom Requirement
About Wisdom Literacy & Clergy
Education and Clergy Development seeks to development healthy, fit and effective ministers for a lifetime of ministry. We desire to see pastors who are able to overcome the stressors of ministry and flourish. Finances are the source of one of key stressors for clergy today and it’s why we are helping to tackle the issue of school debt and financial illiteracy. The Wesleyan Ministerial Loan-Grant program is one way we are seeking to do this. In additions to receiving funding for ministerial education, loan-grant recipients have the opportunity to complete the Financial Literacy requirement. After a recent survey we conducted of Wesleyan Pastors, their spouses, and key laity in their church, we are discovering more than ever the need for pastors to have adequate training in personal finances. For this reason, we have collected (and will continue to do so) a list of opportunities at our schools, our approved seminaries, and via other independent methods for developing the competencies of financial literacy.
About Financial Wisdom and Loan-Grant
Ministerial Loan-Grant students are required to certify completion of one of these courses or demonstrate mastery of our financial literacy outcomes as a pre-requisite for eligibility of cancellation of their loan-grant. (Loan-grant recipients are able to receive disbursements before completing this requirement. However, no cancellation will occur post termination of studies if they have not fulfilled this requirement).
Options for Completion
The form below identifies the methods of completing this requirement. Students are welcome to select “Other” for course options not listed here. Such courses will be subject to approval. Students should submit a syllabus of any such courses.
How to Certify Completion
All recipients must complete this form.
Personal Information Sheet (Required after graduation)
This form must be completed upon graduation or completion of studies.
Annual Status Report
The Annual Status Report is completed late August/Early September. We work with the TWC Hub and your district to verify appointments for prior year. We use this information to then apply cancellations to your Wesleyan Loan Grant balance, or place your account into another status depending on your circumstances. Watch for an e-mail mid September confirming your account status. Accounts that enter repayment will have their first payment due November 1st.
Deferment Request Form
This form can be used to request a deferement on your loan while you are enrolled as a full-time student.
Make a Loan-Grant Payment
Automatic Deduction Form
This form can be used to set up an automatic deduction from your bank account to make your monthly loan grant payment. There is also a secure docusign form that can be sent to you via e-mail to complete and set this up.
For more information or questions, please contact us at: firstname.lastname@example.org