Nearly 80 percent of Maranatha students receive some type of financial aid, but many still need help to bridge the financial gap and graduate. Institutional scholarships, given to students by the College, can be a tremendous encouragement. Relatively new scholarship programs benefit students in two of Maranatha’s core academic department, Bible and Church Ministries and Teacher Education.
The Teacher Education Scholarship was established for the 2012-13 academic year. Recipients can receive as much as $14,000 over four years. More than $100,000 was awarded to students during the scholarship’s first year.
“The scholarship definitely made a difference in me being able to attend college,” said Kimberly Richerson, a freshman from Elmwood, IL. “We have three in our family attending Maranatha and two others at home taking online classes while attending another college. We are very tight financially. If I did not receive the scholarship, I would probably not be able to attend Maranatha. The scholarship was a great blessing.”
The Bible and Church Ministries Scholarship is worth up to $20,000 over four years for students majoring in Pastoral Studies, Missions, Biblical Studies, Church Ministries, Youth Ministries, Biblical Counseling, Biblical Languages, and Cross Cultural Studies. Scholarship recipients who also qualify for the full federal Pell Grant (up to $5,645 per year) can thus attend Maranatha almost tuition-free. The scholarship was intended to help encourage those pursuing studies leading to eventual full-time vocational ministry. It certainly has done so—more than $825,000 distributed over three years to more than 130 students.
“The Bible and Church Ministries Scholarship has been a key factor to allowing me to return each semester,” said Tim Shelp, a junior Biblical Studies major from Independence, MO, who received the scholarship three years. “It has definitely eased the financial burden of attending a Bible college.”
While the Bible and Church Ministries and Teacher Education scholarships are the major institutional programs at Maranatha, students can pursue many smaller privately-funded scholarships.
Many of the privately funded scholarships were established by family members as memorials to their loved ones. There are private scholarships available to current Maranatha students in many academic programs. For the full list, see mbu.edu/scholarships.
Privately funded scholarships can be worth up to $5,000 for current students, based on the fund’s balance and yearly interest gained. The Elmer F. Brown Jr. Memorial Scholarship, for instance, has provided up to $5,000 for music students with “a desire to uphold godly, conservative music standards.” Leanna York was the scholarship’s 2011 recipient.
“My receiving the scholarship was a direct answer to prayer in which the Lord provided ‘exceeding abundantly above all I could ask or think,’ ” York said.