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.