Tuition and 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.

2019-2020 Master’s Degree Tuition Costs

Full-Time (9 or more hours) $345 per credit hour
Part-Time (8 or fewer hours) $370 per credit hour
14-18 Credit Hours $4,830 per semester
Conference Audit $100
Technology Fee $25 per credit hour
Student Benefit Fee (6+ Credit Hours) $309 per semester
Student Benefit Fee (Under 6 Credit Hours) $143 per semester
*Check the seminary catalog for costs for additional items such as music lessons, vehicle fees, and health insurance.


Apply for institutional aid and scholarships in 3 simple steps.

*Financial Aid applications must be submitted by March 31 for the following school year.
**EFC information must be sent to

Church Match Scholarship

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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 scholarships for up to three years.

Amount: M.A. Students: up to $1,000/year
M.Div. Students: up to $2,000/year

Scholarship Application Deadline: Anytime

Dean's Scholarship

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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

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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 first six credits

Scholarship Application Deadline: When applying to FBTS

Institutional Scholarships

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Full-time students enrolled in any program. See the seminary catalog and the Financial Aid Handbook.

Amount: Varies

Scholarship Application Deadline: March 31

Bellevue Heights Church Foundation

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Available to Master of Divinity students taking at least 9 credit hours a semester with a 2.3 GPA. Contact the seminary office for an application form.

Amount: Varies

Scholarship Application Deadline: April 1

Elmer O. and Ida Preston Trust Fund

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Available to full-time students who have been Iowa residents for 6 months and are preparing for Christian ministry. Contact the seminary office for an application form. 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 an historical lender list.

Contact Financial Aid at 515.964.0601, ext. 206, or the Seminary Office at 1.877.532.8748 for more detailed information about seminary scholarships and financial aid.