Financial Aid Tools

• Financial Aid Calculator
  
• Financial Aid Application 2008-2009 (pdf)
• Financial Policy Brochure 2008-2009 (pdf)

FINANCIAL CONSULTATION & SERVICE

Questions about financial matters are to be addressed to Mr. Paul Shonts, business manager, 2777 Hardin Street, Saginaw, MI 48602. Telephone (989) 793-1393 or e-mail pws@mlsem.org. Regular business hours are 8 a.m. to 4 p.m.

Mrs. Jan Holtz handles student accounts receivable activities. Telephone (989) 793-1041, ext 264, or e-mail jeh@mlsem.org.

Mrs. Diana Finkbeiner is the MLS financial assistance counselor and manages financial aid, travel grants, and graduation grant applications. Telephone (989) 793-1041, ext 225, or e-mail dlf@mlsem.org.

FINANCIAL ASSISTANCE

Grants from the WELS Student Assistance Fund, from several testamentary trusts, and from gifts to the school (estimated total for 2008-09 = $400,000) are available to students who qualify. Grants are made on the basis of financial need and the degree of interest a student has in the preaching or teaching ministry of the WELS.

The preparatory schools of the WELS use a financial assistance application form and follow a common set of policies governing the distribution of financial assistance.

Financial assistance is offered toward the payment of tuition. Cash credits covering the use of a dormitory room may be made in cases of extreme need, but the recipient’s parents must report such cash credits as taxable income.

Applications are mailed to each student currently receiving financial assistance and upon request to any other student or prospective student. Applications are due April 20, 2008. Parents and students will be informed of grant amounts the beginning of June. Late applications will be considered only if funds are available and may be reduced as much as 10%.

Financial assistance is distributed according to each student’s selected payment plan.

A committee composed of the president, recruitment director, business manager, dean of students, a member of the faculty, financial assistance counselor, and an MLS board member administers the financial assistance program at MLS.

TRAVEL GRANTS

Travel grants are available for students who qualify. All travel grants are based on financial need and distance traveled. Students must apply for travel aid using the MLS financial assistance form. Applications must be received at MLS by April 20, 2008. Grants are distributed in early December as a credit to the student’s account.

GRADUATION GRANTS

Seniors nearing graduation may apply for graduation grants which are credited to their fees at Martin Luther College. Graduation grants for 2007 totaled more that $50,000.