Asbury Theological Seminary to Exit Federal Student Loan Programs
1 report, 1 independent
Updated Fri 00:00
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What happened
Asbury Theological Seminary plans to withdraw from the federal student loan program and stop processing Title IV loans starting in May 2027. The institution, which is located in Kentucky, is rooted in the Wesleyan-Holiness tradition. Seminary President David Watson stated the move is intended to reduce student indebtedness and prevent the federal government from influencing the school's financial decisions.
Why it matters
The withdrawal signals a major shift in the seminary's operational model, relying instead on internal scholarships. These scholarships average 65 percent of master’s tuition costs and 100 percent of Ph.D. student costs.
Who's involved
- KentuckyLocation of the seminary
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The entities involved
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Kentucky
state of the United States of America