MastersCollege

The Master's College

Financial Information

Tuition and Fees

The total cost of the M.A. in Biblical Counseling is itemized as follows:

Application Fee $35
Technology Fee $15/term + tax
Parking Permit $20/term
Tuition * $400/credit
Room & Board ** $400/week
Books & Materials *** $1500

* The M.A. in Biblical Counseling is a 40 credit hour degree program. ** Housing is very limited during the Fall and Spring semesters. For those semesters, interested students should make special request to the Office of Student Life. *** Required Bible Software and journal subscriptions are a large portion of this estimated cost, and are expected to be obtained at the beginning of the program.

Payment Options

Payment in Full

With the payment in full plan, all tuition and course fees are due in full in anticipation of the approaching semester: If payments are received after respective due dates a $25 late payment fee will be added. The following payment option is also available at a fee for $35 per semester in lieu of making payment in full.

Monthly Payment

The semester cost of tuition will be divided into four monthly payments. Students must select the Monthly payment plan on their pre-registration form to take advantage of this option. A $35 per term fee will be applied, but no interest will be charged. A $25 late fee for payments not received within a 5-day grace period may also apply.

Refund Policy

The $35 payment plan fee (if applicable) is non-refundable (0%). Tuition costs are refundable according to a graduated scale (below). Room & Board is 100% refundable for the Summer term if canceld by June 1. After the 1st of June, room and board are non-refundable (0%). Course and lab fees are fully refundable (100%) only if the student drops the course during the first two weeks of class following registration.

Percentage of Tuition Refunded
During first week 100%
During second week 90%
During third week 75%
During fourth week 60%
During fifth week 45%
During sixth week 30%
During seventh week 15%
During eighth week 5%
Ninth week and later none

Financial Aid

Required Documents

Students applying for any type of Financial Assistance (MABC scholarships, matching scholarships, federal loans, etc.) must turn in a Graduate Financial Aid Application and a Graduate Satisfactory Academic Progress Policy form to the Office of Financial Aid.

Loans

Students must be enrolled at least 1/2 time (4 units) to receive Stafford loans. Loan eligibility varies from student to student. Please contact the Office of Financial Aid to determine individual eligibility.

  • Unsubsidized Stafford Loans: A student loan that may exceed demonstrated financial need, but may not exceed the cost of tuition, and must be repaid

Scholarships & Grants

The Master's College strives to offer a Christ-centered education within financial reach for students preparing for ministry vocation. Great care, therefore, is given to keeping tuition expenses at a minimum. While the present tuition cost represents this effort, the College is enabled to offer limited scholarships and grants through the financial assistance of faithful Christian friends, churches, and alumni who provide support through generous gifts and prayer. With the establishment of scholarships and direct gifts, hundreds of students have been trained and prepared for specific fields of work and service. Students who desire to be considered for scholarships and grants should first complete a Free Application for Federal Student Aid (FAFSA) at www.fafsa.ed.gov using school code 001220, a Graduate Financial Aid Application, a Graduate Satisfactory Academic Progress Policy form and then notify the Director of Master of Arts of the completion of these forms.

The MABC Ministry Matching Grant

Designed to encourage Christian organizations (local churches, Christian schools, missions organization, etc.) whose ministries are consistent with the mission of the Master's College to provide corporate scholarship support for their students attending the M.A. in Biblical Counseling program. This scholarship is not intended to match wages, internship moneys, or gifts from individuals for specific students. Awards to students are based on ministry potential, financial need, and academic achievement. Students are expected to be enrolled full-time each semester to qualify for the scholarship. To the extent able, the College will grant $1 in aid for every $2 provided by Christian ministries with whom the student or student's parents are affiliated up to $500. Please note that this ministry sponsorship is not tax-deductible.

The MABC Scholarship

Awarded to students in their second and third year of the program and based on ministry potential, financial need, and academic achievement. Students are expected to be enrolled full-time each semester. The award is variable between $200 - $1600 per semester.

The Dr. Robert Smith Scholarship

Awarded to an outstanding alumnus of the College's Biblical Counseling undergraduate program. Based on ministry potential, financial need, and academic achievement. Students are expected to be enrolled full-time each term. The award is variable.

Contact Information

Kyle Ricedorff
Graduate Financial Aid Counselor
kricedorff@masters.edu
P: 661.362.2295