MASSACHUSETTS BAPTIST CHARITABLE SOCIETY

Incorporated February 3, 1821 to aid clergy and clergy families

Of the American Baptist Churches of Massachusetts

 

PURPOSE OF THE EDUCATION GRANTS

 

Grants from the Charitable Society for repayment of education loans are meant to accelerate the repayment of clergy education loans undertaken in preparation for ordained ministry. They are not meant to replace regularly scheduled payments.

 

Criteria for Applicants for Grant towards

Repayment of Education Loans

 

  1. Applicant must meet requirements of Society By-laws regarding ministry in Massachusetts and ordination. (i.e., The applicant must have standing as an ordained American Baptist minister, be listed in the TABCOM directory, and be currently serving in a recognized ministry in Massachusetts.)
  2. Applicant must have graduated with the last ten (10) years from the degree program for which educational loans were obtained and remain unpaid. (Undergraduate, Master’s and/or Doctoral programs).
  3.  Applicants may apply on a yearly basis for a grant and no more than three annual grants will be given.
  4.  Grants will range up to $2,500.00 per year based upon the discretion of the Society’s Executive Committee and a completed application form (updated for those who are reapplying).
  5. Applications must be received by December 31. The amount of the grant will then be authorized at the next regularly scheduled meeting of the Society Executive Committee.

Please mail the completed application with any accompanying materials by December 31 of each year to:

 The Rev. Rebecca Tornblom

57 Walnut Street

Holden, MA 01520-1335

beckytornblom@msn.com          Tel. 508-829-2788             Fax 774-345-4148 

Website: www.massbaptistcharitable.org 

If you have any questions, please do not hesitate to contact Rev. Rebecca Tornblom.

MASSACHUSETTS BAPTIST CHARITABLE SOCIETY

Incorporated February 3, 1821 to aid clergy and clergy families of The American Baptist Churches of Massachusetts

 

The Rev. Rebecca Tornblom

57 Walnut Street

Holden, MA 01520-1335

beckytornblom@msn.com          Tel. 508-829-2788             Fax 774-345-4148 

Website: www.massbaptistcharitable.org 

 

APPLICATION FOR GRANT TOWARDS EDUCATIONAL LOANS – Confidential Information

 

Name:_______________________________________________________ Date: ________________________

 

Address: _______________________________________________________________________Zip: _______

 

Telephone: (H) ______________ (O) ______________ E-Mail: ______________________________________

 

Marital Status: _________Number of Dependents(including spouse)________ Ages of Children:____________

 

Church Membership maintained at: _____________________________________________________________

 

Seminary Attended: _____________________________________________Degree_________Year_________

 

Ordination Status:________________ Church Ordained at: __________________________Year:___________

            ABC Ordination: Yes___ No___ Region ________________________ Date _____________________

            If no, is your ordination ABC recognized? Yes___ No___ Region ____________________Date ______

Current Ministry and/or Work Location/s:________________________________________________________

__________________________________________________________________________________________

How Long in Position/s: ___________________________________________________________________

Bi-Vocational: Yes ___ No ___

 

STUDENT LOANS OUTSTANDING: (Please List All Loans; use extra pages if necessary)

 

Loan 1: Initial Amt: $_______________Type of Loan: Stafford Subsidized ____ Unsubsidized____ Year_____

Loan Obtained:____________ Years Remaining on Loan:______ Have You Ever deferred the loan? Y___N___

Current Outstanding Balance: $_______________ Have you ever defaulted on the loan? Y___N___

 

Loan 2: Initial Amt: $_______________Type of Loan: Stafford Subsidized ____ Unsubsidized____ Year_____

Loan Obtained:____________ Years Remaining on Loan:______ Have You Ever deferred the loan? Y___N___

Current Outstanding Balance: $_______________ Have you ever defaulted on the loan? Y___N___

 

Loan 3: Initial Amt: $_______________Type of Loan: Stafford Subsidized ____ Unsubsidized____ Year_____

Loan Obtained:____________ Years Remaining on Loan:______ Have You Ever deferred the loan? Y___N___

Current Outstanding Balance: $_______________ Have you ever defaulted on the loan? Y___N___

 

Loan 4: Initial Amt: $_______________Type of Loan: Stafford Subsidized ____ Unsubsidized____ Year_____

Loan Obtained:____________ Years Remaining on Loan:______ Have You Ever deferred the loan? Y___N___

Current Outstanding Balance: $_______________ Have you ever defaulted on the loan? Y___N___

 

Total Indebtedness for Student Loans:$_____________________________

Current Annual Educational Loan Payments $_________________

How much has been paid on your education loans during this calendar year? $__________________________

(Please provide documentation of payments. Thank you.)

APPLICATION FOR GRANT TOWARDS EDUCATIONAL LOANS –Confidential Information–P. 2

 

Other Indebtedness (not including student loans-such as: medical bills, car loans, credit cards, mortgage, etc.)

________________________________________________________________________________________

________________________________________________________________________________________

            Total Other Indebtedness:                                                                         $_____________________

            Total Indebtedness for Student Loans (from P. 1)                                     $_____________________

 

                                                TOTAL INDEBTEDNESS:                                      $____________________________

 

INCOME STATEMENT

Applicant Salary                                                                                                      $_________________________

Parsonage ___ or Housing Allowance ___                                                             $_________________________

Rate of Interest (if purchasing home)

            Other Compensation:

                        Pension                                                                                           $_________________________

                        Car Reimbursement                                                                        $_________________________

                        Professional Allowance                                                                   $_________________________
                        Continuing Education Allowance                                                     $_________________________

                        Social Security Offset                                                                      $_________________________

                        Other                                                                                               $_________________________

 

            Spouse Employed at: _______________________________________________________________

            In What Capacity: _________________________________________________________________

            Salary                                                                                                   $_________________________

            Other Family Income/Financial Resources

            (Savings Accounts, CD’s, Money Market Accounts,

            Stocks, Bonds, Trusts, Etc.)                                                                 $_________________________

 

                                                TOTAL INCOME:                                             $_________________________

            Other Property Owned (Cottage, Land, Family Home, etc.) ________________________________

______________________________________________________________________________________ 

            Value of Other Property                                                                       $_________________________

Applicant: In addition to the information on the above two pages, please attach an explanatory statement, including any other information pertinent to your situation.

To Whom Is Grant Check to be made out to (Name of Lender) ___________________________________

Applicant Account Number: __________________________________________________________________

I HEREBY CERTIFY, to the Massachusetts Baptist Charitable Society that I have made a correct answer to each inquiry in this application, have conformed to the guidelines of the Society, and that it continues to be my purpose to devote my life to the work of the gospel ministry through the American Baptist Churches/USA, and that I need and hereby solicit aid from the Society to reduce my educational debt. I further agree to repay the grants made if I do not serve American Baptist recognized ministry for a minimum of five (5) years.

_________________________________________________________        ___________________________________                    

Signature of Applicant                                                                                Date                

Return by December 31 to The Rev. Rebecca Tornblom