Each admitted applicant will receive at minimum (a) a Merit Tuition Scholarship and (b) either a Princeton Doctoral Fellowship or the George S. Green Fellowship for a period of up to five consecutive years of full-time study. In addition, a special Research Assistantship is made available to each student during the first year of study. During years two through five each student is guaranteed at least one opportunity per year to serve as a Teaching Assistant or a Teaching Fellow. These assistantships, if accepted, significantly enhance the overall value of the student’s annual financial award package. Two Trustees Merit Scholarships are awarded annually to applicants whose applications are judged to be of a superior quality. Further, an (unfurnished) apartment (size dependent on availability) will be reserved for each admitted applicant in campus housing and will be made available for up to five consecutive years or for the duration of the student’s Ph.D. program, whichever comes first. Single students may choose instead to live in one of the residence halls. In either case, the housing is heavily subsidized and thus represents a substantial enhancement of the overall admissions package.
The terms of all financial award packages offered to students require that the student remains in good academic standing and hold no more than 20 hours a week of outside employment. Further, local residency is stipulated during coursework and required for all research and teaching assistantships and access to Seminary housing. Candidates who receive an outside grant for overseas study and relinquish their Seminary fellowship during one of their first five years of doctoral work are eligible to receive the fellowship during a sixth year. All fellowships are disbursed during the academic year.
In order to process a Ph.D. student's scholarship or fellowship, it is required that the student complete the FAFSA form (www.fafsa.ed.gov) prior to the first year of attendance at PTS. After the first year, this form is no longer required unless a student wishes to apply for federal loans. Students who wish to be considered for federal loans must complete the FAFSA form and the Princeton Seminary Student Financial Aid Application. These forms, as well as more information about the financial aid application process, are available online or may be requested from the Office of Admissions and Financial Aid.

Merit Tuition Scholarship
This scholarship covers the annual cost of tuition, which in 2013-14 is $11,500 and is annually credited to the student’s account on his or her behalf.

Princeton Doctoral Fellowship
The Princeton Doctoral Fellowship is awarded for up to five years (ten semesters) of study in the Ph.D. program. It provides an annual stipend of $13,000 and is offered to aid the student in pursuing his or her education, without expectation of service in return.

The George S. Green Fellowship for Doctoral Study
One fellowship for doctoral work, preferably but not exclusively in Old Testament, may be awarded for up to five years of study to a senior in the Master of Divinity program in the Seminary, or a candidate in the Master of Theology program at the Seminary, who has displayed outstanding academic achievement and scholarly promise. The fellowship provides a stipend of $13,000 and is offered to aid the student in pursuing his or her education, without expectation of service in return.

Trustees Merit Scholarship
This scholarship of $6,000 per year is awarded to the two students in each entering class whose applications, in the judgment of the Ph.D. Studies Committee, are of a superior quality. This represents the highest award offered by the Seminary to an entering doctoral student.

First-Year Research Assistantship
This special research assistantship provides a stipend of $4,000 in the student’s first year of study and requires a commitment from the student of 10 hours of service per week in support of the research activities of one (or more) faculty member for 30 weeks during the year. This assistantship is purely optional and may be declined by the student.

Teaching Assistantships
Annually more than fifty teaching assistantships are awarded to provide support in Seminary courses. The basic stipend of a full-time teaching assistant is $4,300, for which the holder works no more than 15 hours per week during the semester of appointment. In the second through fifth years of study, students are guaranteed at least one opportunity per year to serve as a Teaching Assistant or a Teaching Fellow.