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Welcome to the Financial Aid page for the Diploma of Theology and Bachelor of Theology. Look around for more information, and contact the Office of Financial Aid at (800) 568-6248, ext. 3392 for more specific information.


Application Process (Students Receiving Loans)

• Complete a Seminary Financial Aid Application.
  
• Fill out the FAFSA (Free Application for Federal Student Aid) listing The Master's College & Seminary as your preferred school choice (Title IV school code: 001220).
  
• Submit any additional documents required by the Office of Financial Aid.
  
• Submit official transcripts to the Registrar's office. Any student receiving graduate level loans must have an undergraduated degree conferred.
  
• Once your aid is determined, you will be sent an Award Letter.
  
• Return completed Award Letter to the Financial Aid Office.
  
• Students receiving loans at The Master's College & Seminary for the first time will need to choose a lender and complete Entrance Loan Counseling before their loan is finalized.

Types of Aid Available

Scholarships

All scholarships are administered and awarded by The Master's Seminary. For detailed information on scholarships, as well information on how to apply, please visit The Master's Seminary website.

• All students receiving scholarships from The Master's Seminary are required to submit the following forms to the Office of Financial Aid:
  
  • Financial Aid Application
    
  • Satisfactory Academic Progress Policy form

Diploma of Theology students only qualify for scholarships and are not eligible to recieve any of the Federal Financial Aid listed below.

Pell Grant
The Pell Grant is a Federal need-based grant ranging from $400 - $5,550 per year. Pell Grant award amounts are based on need and enrollment status and are automatically awarded to qualifying students who complete the FAFSA.

Loans
Stafford loans are low-interest loans offered by the Federal Government to students enrolled at least half-time (6 units).

• Subsidized Stafford Loans: A student loan based on need and lending institution requirements and must be repaid
  
  • Annual Limit: Up to $5,500 (see below chart for breakdown)
    
  • 08-09 Interest Rate: 6.0% fixed
    
  • 09-10 Interest Rate: 5.60% 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 $7,000 (see below chart for breakdown)
    
  • 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).

Loan amounts are determined by a student’s grade level:

Grade Level	Units Completed	Subsidized Stafford	Unsubsidized Stafford
Freshman	1 - 29	$3,500	$6,000
Sophomore	30 - 59	$4,500	$6,000
Junior/Senior	60 +	$5,500	$7,000

Loan eligibility varies from student to student. Please contact the Office of Financial Aid to determine individual eligibility.For more information on loans click here.

Veteran's Education Benefits
Please visit our Veteran's Financial Aid page for more information.




Financial Aid Forms

• Financial Aid Application
  
• Diploma/Bachelor of Theology Satisfactory Academic Progress Policy (SAPP) form
  
• Yellow Ribbon Application

The Financial Aid Office

Rutherford Hall, Box 38

(661) 362-2292

Office Hours: M-F 8:30am - 5:00pm