Financial Information

Our administration works hard to provide the highest level of education at the lowest possible price. Through sacrificial gifts donated by friends of the seminary, tuition costs reflect about a forty percent automatic scholarship applied to every admitted student. Further tuition assistance may be available with Financial Aid.

The Student Accounts Office is responsible for processing student account charges, collecting payments, processing refunds, distributing monthly itemized statements, and providing customer service to our students.


M.Div, B.Th., Dip.Th. 

Full-time L.A. (11 units or more): $435 per unit, $290 per unit with scholarship
Part-time L.A.$480 per unit
Summer L.A.: $435 per unit
Winter L.A.: $435 per unit
Distance Locations: $435 per unit
Online: $495 per unit

Cost of Living (3 years)
Cost of Living (4 years)


Full-time (4 units or more): $495 per unit
Part-time: $625 per unit 

Cost of Living (3 years)


$2,900 per semester


$750 per unit
$600 per exam

Student Service Fee

M.Div, B.Th., Dip.Th. 

L.A.: $250 per semester
Distance Locations: $250 per semester
$125 per semester


$125 per semester


$125 per semester


$250 per semester

Shepherds’ Conference Fee

M.Div., B.Th., Dip.Th.

L.A.:  $200 per spring semester

All other students enrolled in the spring semester may register at the L.A. rate. Instructions will be provided before the next conference. 

Pre-registration Fee

All degrees: $35 per semester/term

Payment Plan Administrative Fee

All degrees: $85 per semester

Mandatory Health Insurance 

A Health Insurance Premium charge will be added to the on-campus student’s (M.Div., B.Th. and Dip.Th.) account each semester unless they have an approved waiver on file by the semester deadline. Health Insurance policies are effective August 1st through January 10th of the following year for the fall semester and January 11th through July 31st for the spring. Students may waive the TMUS Insurance Policy if they have their own personal coverage that meets the institution’s minimum criteria.

Refund Schedules

If you need to drop a class, you may be eligible to receive money back. Refunds are calculated by which week of the term you are in at the time you communicate to the Registrar you would like to drop the class.

Standard 16-week courses

No Attendance 100%
Week 1 – 100%
Week 2 – 100%
Week 3 – 75%
Week 4 – 60%
Week 5 – 45%
Week 6 – 30%
Week 7 – 15%
Week 8 – 5%
Week 9 or later – 0%

Online 8-week courses

No Attendance 100%
Week 1 – 100%
Week 2 – 75%
Week 3 – 50%
Week 4 or later – 0%

Continuing Registration/ Approved Absence

M.Div., B.Th., Dip.Th.: $50 per semester
Th.M., D.Min.: $150 per semester
Ph.D.: $600 per semester
TMAI Ph.D.: $0 per semester

The Master’s Seminary reserves the right to change any charges, fees, or policies without notice.