Account Policies
Resident Program Payment Options
Payment in FullAll 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 FullTuition 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 at the time of on-campus check-in. There is a $75 Payment Plan Fee for using this option. The calculation of these charges are arranged on the MABC-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.
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, 2009. Withdrawal after May 15 but before SIP classes are insession will result in a 50% refund. 0% will be refunded if students withdrawal during or after SIP classes are in-session.
Independent Study courses are non-refundable. If a student registers for an Independent Study
course and drops it at any time, 0% will be refunded.
Housing and meals are 100% refundable if cancelled before June 1, 2009. After the 1st of June
housing and meals are non refundable (0%).
Tuition and Fees
| Resident Format | SIP Format | |
| Application Fee | $35 | $35 |
| Tuition | $460 per unit | $360 per unit |
| Room & Board | Not Available | $325 per week (Single) $650 per week (Couple) |
| Books | $2000* | $2000* |
*Estimated Cost of books and Bible Software for the entire program
All costs are subject to change without notice
Scholarships & Awards
For general graduate program financial aid information, please click here.
Priority Deadlines
Resident Program | SIP Program |
| July 1st 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. | March 15th 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. |
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 ScholarshipAwarded 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.