Abeka Fund

PTS and PCC maintain charges that are among the lowest in the nation; thus in effect, every student enrolled at PTS or PCC receives an automatic financial benefit of several thousand dollars.

Abeka Fund provides loans to qualified students who need help in financing their seminary education at PTS or graduate education at PCC. Students attending year-round (fall/spring) are eligible to apply for Abeka Fund loans upon completion of 9 credit hours. Students who meet Abeka Fund loan requirements may be permitted to borrow up to $2,500 per year for up to four years. For additional information, e-mail studentloans*abekafund|com or call (850) 478-8496, ext. 2082.

Sallie Mae Loans

Sallie Mae offers private loans to PCC Graduate Students. With the Graduate School Loan, Sallie Mae Parent Loan, Sallie Mae Graduate School Loan for Health Professions, or Sallie Mae MBA Loan, you can receive funds that cover full tuition, room & board, and fees. These loans offer fixed, deferred, and interest repayment options, so your main focus can be on earning your degree. For more information or to apply for Sallie Mae loans, visit salliemae.com (using the Institutional ID 609527-00) or call 1-877-279-7172.

Comparison Chart

Abeka Fund Sallie Mae
Loan Limit Max $2,500
per year
Covers full tuition,
room & board, and fees
Cosigner Cosigner required
(Non-immediate family member)
Cosigner not required
Interest Rate While a full-time student–5.25%
After graduation/withdrawal–7.25%
Fixed or variable interest rates
This is determined by Sallie Mae
Repayment Options Principal payments deferred, semi-annual accrued interest while a student Interest, fixed, or deferred
Repayment Term 7 years 5–15 years
This is determined by Sallie Mae

Private Scholarships

A few privately funded scholarships are available specifically for current seminary and graduate students. In addition, students are encouraged to research and apply for other sources of private scholarship aid online.