2020-2021 Tuition (Master’s Degrees)


Full-Time (9 or more hours)

$355 per credit hour

Part-Time (8 or fewer hours)

$380 per credit hour



Conference Audit


Technology Fee

$25 per credit hour

Student Benefit Fee (6+ Credit Hours)

$330 per semester

Student Benefit Fee (Under 6 Credit Hours)

$153 per semester

2020-2021 Tuition (Doctor of Ministry Degree)


Regular Tuition Rate

$1,640 per unit

Year One (3 Units)


Year Two (3 Units)


Year Three (2 Units)




Application Fee


Continuation Fee

$500 per semester (beyond year three)

On-Campus Housing

$100 per week



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


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 a FAFSA online interview 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 Subsidized and 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.

Contact the Financial Aid Office

Contact us for more detailed information about the financial aid process.