Seminary Tuition & Financial Aid
2023-2024 Tuition (Master’s Degrees)
Cost
Full-Time (9 or more hours)
$380 per credit hour
Part-Time (8 or fewer hours)
$405 per credit hour
Fees
Cost
Conference Audit
$100
Technology Fee
$25 per credit hour
Student Benefit Fee (6+ Credit Hours)
$325 per semester
Student Benefit Fee (Under 6 Credit Hours)
$150 per semester
2023-2024 Tuition (Doctor of Ministry Degree)
Cost
Regular Tuition Rate
$1,760 per unit
Year One (3 Units)
$5,280
Year Two (3 Units)
$5,280
Year Three (2 Units)
$3,520
Fees
Cost
Application Fee
$45
Continuation Fee
$500 per semester (beyond year three)
On-Campus Housing
$120 per week
Graduation
$140
Seminary Scholarships & Financial Aid
Faith Baptist Theological Seminary offers a broad program of financial aid to students who are accepted for admission and who demonstrate a need for such help.
Church Match Scholarship
Available to full- and part-time students with a 2.0 GPA who plan to enter full-time ministry. If a church gives $500, FBTS will match the amount, making a total of $1,000. Students can get the scholarship for up to three years.
- Amount (M.A. Students): up to $1,000/year
- Amount (M.Div. Students): up to $2,000/year
- Scholarship Application Deadline: Anytime
Dean's Scholarship
Awarded to part-time students in any program who show exceptional academic and ministerial potential. Financial need is also considered.
- Amount: Varies
- Scholarship Application Deadline: When applying to FBTS
Faithful Servant Scholarship
For pastors, assistant pastors, and missionaries who are new students. A new student is one who has never taken a class at FBTS or has not taken a seminary class for credit in the three years prior to applying for this scholarship. Available to full- and part-time students.
- Amount: 50% tuition discount on the first six credits
- Scholarship Application Deadline: When applying to FBTS
Institutional Scholarships
Full-time students enrolled in any program. See the seminary catalog for more on available institutional scholarships.
- Amount: Varies
- Scholarship Application Deadline: March 31
Elmer O. and Ida Preston Trust Fund
Available to full-time students who are Iowa residents and preparing for Christian ministry. Contact the seminary office for an application form. This scholarship is usually a combination of grants and loans.
- Amount: Varies
- Scholarship Application Deadline: July 30

Loans
Although Faith does not encourage students to take out loans, we realize sometimes that is what is needed. Faith will not certify a loan unless FAFSA has been completed. It is important to remember that FAFSA is not an application for a loan. It is also important to research loans very carefully. You should look for banks and lenders who offer good interest rates.
- Stafford Loans: Federal Unsubsidized loans are available. Students must complete FAFSA to be eligible for a loan.
- Private Loans: Faith does not provide a preferred lender list or a historical lender list.

Financial Aid Process
We’ve made it easy to apply for and receive financial aid. Follow this checklist to make sure you get every dollar you qualify for.