MastersCollege

The Master's College

Financial Information

SIP Payment Options

Payment in Full

Tuition charges, textbook charges, and the housing and meal plan charges are due when the registration forms are mailed in. However, the student does have the option to choose the 50/50 payment plan.

50/50 Payment Plan

The 50/50 payment plan allows payment of only 50% of the tuition charges, housing and meal plan charges at the time of registration. The remaining 50% of charges will be paid on June 10. There is a $75 Payment Plan Fee for using this option. The calculation of theses charges are arranged on the MAE-SIP Registration Form. All general and academic fees must be paid in full with the first payment and are not deferrable to the payment plan.

Refund Policy

The $75 Payment Plan Fee (if applicable) and Book Order Form total are non-refundable. The housing plan and food service costs are 100% refundable if they are cancelled before the date printed on the Registration Form. Tuition costs are 90% refundable if the student withdraws by May 15. 50% of the tuition cost is refunded if the course is dropped before the student attends the on-campus lectures.

Tuition and Fees

Application Fee $35
Tuition $360 per unit
Room & Board $350 per week (Single)
$700 per week (Couple)
Books $1000*

*Estimated Cost of books and Bible Software for the entire program

Costs current as of February 2009
All costs are subject to change without notice

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.

  • 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).