Financial Information
Resident Program Payment Options
Payment in Full
All tuition and course fees are due July 10th for the Fall and December 10th for the Spring semesters. If payments are received after the respective dates a $25 late payment fee will be added. All Post Session and Winterim charges are due at the time of registration for the courses. For the regular semesters, the following option is also available at a fee for $75 per semester in lieu of making payment in full.
5-Month Plan
The semester cost of tuition will be divided into five (5) monthly payments. Payments begin July 10 prior to the Fall semester and December 10 prior to the Spring semester. Students must select the 5 month payment plan on their semester registration form. A $75 per semester fee will apply for this plan, although no interest will be charged. A $25 late fee for payments not received within a 5-day grace period may also apply.
| Percentage of Tuition Refunded | |
| No attendance and 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 |
Fees
Course and lab fees are fully refundable if the student drops the course during the first two weeks of class following registration. These fees are not refundable after this point.
SIP Program Payment Options
Payment in Full
All tuition and course fees are due April 10th for the SIP semester. Late payments will result in a $25 late payment fee.
4-Month Plan
The semester cost of tuition will be divided into four (4) monthly payments. Payments begin April 10. Students must select the 4 month payment plan on their semester registration form. A $75 per semester fee will apply for this plan, although no interest will be charged. A $25 late fee for payments not received within a 5-day grace period may also apply.
Online and Independent Studies format course tuition and book order costs must be paid for in full at the time of registration.
Refund Policy
The $75 payment plan fee (if applicable) is non-refundable. Tuition costs are 90% refundable if students withdraw before May 15, 2013. Withdrawal after May 15, but before July class sessions, will result in a 50% refund. 0% will be refunded if students withdrawal during or after SIP classes are in-session.
Online and Independent Study courses are non-refundable. If a student registers for an Online or Independent Study course and drops it at any time, 0% will be refunded.
Housing and meals are 100% refundable if cancelled before June 1, 2013. After the 1st of June housing and meals are non refundable (0%).
Tuition and Fees
| Resident Format | SIP Format | |
| Application Fee | $35 | $35 |
| Tuition | $400 per unit | $400 per unit |
| Room & Board | Not Available | $385 per week (Single) $770 per week (Couple) |
| Books | $2000* | $2000* |
*Estimated Cost of books and Bible Software for the entire program
Costs current as of March 2013
All costs are subject to change without notice
Financial Aid
Priority Deadlines
Scholarships offered through TMC are awarded at this time. Awards after this date are made on a "first come, first serve" basis. Regarding the Stafford loans, be aware that the application process takes 6-8 weeks.
- Resident Program - July 1st
- SIP Program - March 15th
Available Awards
Through the financial assistance of faithful Christian friends and churches, The Master's College strives to offer students a Christ-centered education within the financial reach of all. The cost of training is considerably in excess of what a student pays. If people are to be trained to live for Christ, expenses must be kept at a minimum. The College is enabled to do this as Christian friends provide support through their generous gifts and prayers. With the establishment of scholarships and direct gifts, hundreds of students have been trained and prepared for specific fields of work and service.
Scholarships & Grants
The MABC Scholarship
Awarded to students based on ministry potential, financial need, and academic achievement. Students are expected to be enrolled full time each semester. The award is variable between $250 - $1500 per semester. Completed FAFSA and TMC Financial Aid Application (FAA) for Graduate Programs are required. A student must also inform the Biblical Counseling Department of his or her interest in the scholarship.
The Dr. Robert Smith Scholarship
Awarded to an outstanding undergraduate Biblical Counseling student from TMC. Based on ministry potential, financial need, and academic achievement. Students are expected to be enrolled full time each semester. The award is variable. Completed FAFSA and TMC Financial Aid Application (FAA) for Graduate Programs are required. A student should also inform the Biblical Counseling Department of their interest in the scholarship.
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 TMC to provide corporate scholarship support for their students attending the MABC 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 the extent that TMC is 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. Completed FAFSA, TMC Financial Aid Application (FAA) for Graduate Programs and an MABC Ministry Matching Grant Application are required.
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.
- Subsidized Stafford Loans: A student loan based on need and lending institution requirements and must be repaid
- Annual Limit: Up to $8,500
- Interest Rate: 6.8% fixed
- Repayment: six months after the student drops below 1/2 time or graduates
- To apply, the applicant must have a completed Free Application for Federal Student Aid (FAFSA).
- Unsubsidized Stafford Loans: A student loan that may exceed demonstrated financial need, but may not exceed the cost of tution, and must be repaid
- Annual Limit: Up to $12,000
- Interest Rate: 6.8% fixed
- Repayment: six months after the student drops below 1/2 time or graduates
- To apply, the applicant must have a completed Free Application for Federal Student Aid (FAFSA).
