Seminary Tuition & Financial Aid
Our desire is to make training affordable for everyone God has called into ministry. In addition to having competitive tuition rates, multiple internal and external sources of financial aid are available to our students.
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.
