Tuition and Scholarships

Why is our tuition so low?

Simple...we keep our overhead down, pre-record professor's lectures (if possible), use the internet instead of an expensive campus, we don't print out papers (all our information can be seen online), and we keep our staff small. We pass these savings along to our students!

If a student plans to use savings and/or current income to cover all or part of the educational expenses, the Kor Interest-Free Monthly Payment Plan offered at the seminary helps by providing more manageable cash flow and greater budget flexibility. Instead of lump-sum payments, the Kor Plan allows a student to pay all or part of the education expenses in manageable monthly installments. By enrolling in the Kor Plan, the student will receive an invoice and statement each month representing the balance of the full amount of the student’s contract. Although Student Financial Services can provide assistance, the student is responsible for determining the contract amount. The Seminary is not responsible for this decision and will make changes only upon the student’s written request. The minimum monthly payment allowed is sixty-five dollars ($65.00) for the Diploma in Theological Studies/AA/BCCC. The BA in Theology program is eighty($75.00) per month and the Master's and Doctorate program is ninety-five ($95.00) per month. A student is free to commit to a larger monthly payment to pay off his/her tuition. Kor Plan is a privilege and not a right and may be suspended by the Seminary for violation of the agreement or failure to keep GPA standards of 2.5.

*all undergraduate students are required to purchase the LOGOS Bible Study Software.

Diploma In Theological Studies - one year program is $1950.00. Registration fee is $20.00 and due with the application. (ordination is additional)

Associate of Arts in Theology - Transfer degree (ordination is additional)

Bachelor of Arts in Theology - Transfer degree (ordination is additional)

Master of Theology - 2 year program is $4500.00 per year. Semesters are divided into eight - 12 week semesters.

Doctor of Theology - 1-2 year program (depending on the level of research already completed) is $4500.00 per year.

Students may graduate and continue with their monthly payments. Failure to do so will cause their ordination to be revoked and seminary diploma to be rescinded.

Fellowships:

Graduate Fellowships are awarded through TTS Financial Aid application process. The seminary will issue an official award notification to the students. This letter is known as the "scholarship/fellowship award letter".

The conditions of a scholarship/fellowship award letter is important. this is the official documentation to the recipient as to the legal nature of the financial aid payments and TTS's expectations. (usually teaching) This letter will also be the primary document to be reviewed by the IRS if any questions should arise regarding the legal nature of the financial aid payments, whether the issue should arise through an audit of TTS or through an audit of the student's tax return.

The frequency with which award letters should be issued depends upon the facts of each case. For example, seminary-funded monthly fellowships, the award letter would normally be issued at the beginning of the academic year for that full academic year. For tuition scholarships, the award letter would normally be issued at the beginning of the academic semester for that academic semester.

If the student's financial aid package consists of a scholarship/fellowship then the student will be given an award letter clearly specifying the nature and conditions of expectations by the seminary. This is necessary to clearly distinguish a students two different relationships to TTS, one as a student and one as a graduate instructor.

The award letter should be signed by the Director and/or Department Chair. To ensure that this official documentation is available in TTS's official files for review by auditors years later, a copy of the award letter will be made in duplicate, filed and also put into the online file folder.

If an award is subsequently modified, a new award letter should be issued to the recipient and a copy of that letter should accompany the same filing procedure.

Scholarship Information

www.thefund.org  A fellowship program providing support and guidance to entering Master of Divinity students who embody the highest intellectual and spiritual qualities essential for Christian leadership as pastors, educators, and citizens. Fellowships Plus provides information about financial resources for theological students.

www.fastweb.com  The fast WEB scholarship search database. By completing an on-line questionnaire, your data will be compared to scholarships for which you may be eligible. You will be notified via a mailbox on the system of potential matches. This is a free service.

www.omaha-sem-found.org  Our purpose goes beyond providing financial assistance to students seeking a theological education. Our goal is helping the Church achieve its mission. The means to that end is to help those chosen by God and under the care of the Presbyteries, to become the best they can be as they respond to God's call to leadership. Applications for all student aid scholarships and grants must be received in the Foundation off by May 1st of each year.

General Financial Aid Information

www.finaid.org  This award-winning site is a comprehensive annotated collection of information about student financial aid on the web. Highly recommended!!!

www.mapping-your-future.org  Another comprehensive site for financial planning. Be sure to go to the "Paying for School" page

www.careersandcolleges.com  Register for free to access to over $7 billion in scholarships and college grants.