There are two payment plans available for MABS students: Full Payment and 4-Month Plan.
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 available at a fee of $35 per semester in lieu of making payments in full.
The semester cost of tuition will be divided into four monthly payments. Students must select the Monthly Payment Plan on their pre-registration form in order 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.
Independent Studies format course tuition and book order costs must be paid for in full at the time of registration.
The $35 payment plan fee (if applicable) is non-refundable. Tuition costs are refundable according to a graduated scale (below). Room & Board is 100% refundable for the Summer term if cancelled by June 1st. After the 1st of June, room and board are non-refundable (0%). Course 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|
Tuition and Fees
|Tuition||$360 per unit|
|Room & Board||$395 per week (Single)
*Estimated Cost of books and Bible Software for the entire program
Costs current as of March 2014
All costs are subject to change without notice
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 may exceed demonstrated financial need, but may not exceed the estimated cost of attendance, and must be repaid.
- Annual Limit: Up to $20,500
- Interest Rate: 6.21% 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).
Graduate Financial Aid Counselor