University description (as per official university website)
The Interdenominational Theological Center, one of the most significant ventures in theological education in America, was chartered in 1958 through the mutual efforts of four denominations, representing four seminaries in order of their chronology:
MOREHOUSE SCHOOL OF RELIGION
In February 1867, a school for the training of ministers and other church leaders was organized in the Springfield Baptist Church of Augusta, Georgia, under the sponsorship of the American Baptist Home Mission Society. This school was known as the Augusta Institute until its move to Atlanta in 1879, whereupon it was renamed Atlanta Baptist Seminary. Twenty years later, the Seminary was authorized to offer college work and the name was changed to Atlanta Baptist College. Theological students continued to outnumber liberal arts students until 1923-24. In 1904, attention turned to the Divinity School which, though related to the College, had its own instructors and offered the B.D. degree in addition to the B.Th. and the Diploma in Theology.
The name Morehouse was adopted in 1913 in honor of Dr. Henry L. Morehouse, Corresponding Secretary of the American Baptist Home Mission Society and, in 1924, the Divinity School of Morehouse College became known as the School of Religion. This change was accompanied by a reorganization of curriculum, and Dr. Charles D. Hubert, who had been a professor in the Divinity School since 1914, became the first director of the School of Religion of Morehouse College.
Through the mutual agreement of Dr. Benjamin E. Mays, then president of both Morehouse College and Morehouse School of Religion, and Dr. Harry V. Richardson, then president of The ITC, and with the concurrence of Morehouse College trustees, Morehouse School of Religion became the Baptist constituent member of the consortium known as the Interdenominational Theological Center.
Financial aid is available both through constituent denominations and through the ITC's Financial Aid Office. All students interested in receiving financial aid should file an application with their administrative dean and the ITC Financial Aid Office before April 1 of the year preceding expected enrollment. Delay beyond this date may hinder the receipt of financial aid.
Approved financial aid, grants and scholarships are credited to a student's account with the Business Office and are first applied against institutional charges such as tuition and mandatory fees. Awarded aid is subject to proportional adjustment should a recipient drop a course, withdraw from the institution and/or receive additional financial aid after acceptance of an award letter.
Financial aid is awarded on the basis of full-time/part-time status. A full-time student must carry at least twelve credit hours. A part-time student is regularly enrolled for fewer than twelve credit hours. However, a part-time student must carry at least six credit hours to be eligible for financial aid. A student must demonstrate satisfactory progress to be eligible for any type of federally and institutionally granted financial assistance.
It is the aim of The ITC to provide financial assistance to every eligible student. Aid is awarded on a first-come, first-served basis. Financial assistance is made within the Center's resources together with those from federal and private agencies.
The federal government provides the major forms of financial aid to ITC students. These programs are Federal Work Study, Federal Perkins Loan, and William D. Ford Federal Direct Loan Program (formerly Federal Direct Loan Program).