Finances


Because Maranatha understands that pursuit of advanced degrees can be costly, careful consideration goes into setting tuition and fees as well as the development of scholarship and discount opportunities.

2018-2019

(per semester)

Masters Tuition per Semester Hour $ 322
Doctoral Tuition per Semester Hour $ 373
Comprehensive Fee per Semester Hour $ 25
Audit Fee per Class (Masters Students-No Comprehensive Fee Charged) $ 100
Academic Assessment/Tech Fee (One Time Only) $ 100
Room and Board (University Residence Hall and Food Service) $ 3,550
Course Drop/Add Fee (per Class after the Semester has begun) $ 15
Graduation Fee $ 125
Residence Hall Maintenance Fee (On Campus Students, One Time Only) $ 100
Returned Check Fee $ 30
Sports Participation Fee (per Sport) $ 60
Vehicle Parking Fee (On Campus, Resident Students Only) $ 65
Vehicle Parking Fee (Off Campus, Resident Students Only) $ 45

 

Scholarships

Is this your first seminary class at MBS? Are you in the ministry full-time? Senior citizen? Married to an MBS student?

Maranatha Baptist Seminary strives to make your pursuit of further education as financially feasible as possible. We strive to keep the tuition of the seminary low, and we offer several scholarships and discounts.

To be eligible for a scholarship, each time you register for classes you must also complete the scholarship request form.The form must be submitted before classes begin.

 

If you have not yet applied to the Seminary, start here!

Please remember:

  • All scholarships and discounts apply to tuition only; you will still be responsible for comprehensive fees, books, materials and other fees.
  • Only one scholarship or discount may be applied per credit hour.
  • Scholarships will be applied to your account in the form of an account credit approximately 8 weeks after the course starts.

Payment & Refund Policies

All payments may be made electronically at MyMaranatha or by mailing a check payable to MBU to: Maranatha, Cashier, 745 West Main Street, Watertown WI 53094.

Fulltime students (taking 8 or more hours) must make a down payment on or before the semester registration (Fall semester: August 15; Spring semester: January 5).

  • Plan 1–Payment in Full: Students pay the semester bill by the down payment due dates.
  • Plan 2–Semester Plan: Students pay $1,800 if on-campus or $750 if living off-campus by the down payment due dates. The balance of the semester will be divided into three monthly payments due on the 15th of each month. This plan has a $55 extended payment fee.

Part-time and online-only students, including those taking modules, online classes, and virtual classes must pay the course costs before the class begins.

  • Final payment of the semester is due in full by November 15 for the fall semester and April 15 for the spring semester regardless of the payment plan.
  • A one percent per month (12 percent per annum) late payment charge will be assessed on any unpaid balance remaining after the end of each semester.
  • Anyone entering the seminary late must conform to the regular schedule of payments unless arrangements are made with the Seminary Office.
  • Accounts must be paid in full before transcripts or diplomas are issued. A candidate for graduation must have no outstanding balance owed to the seminary in order to participate in the commencement exercises.

In the case of a student in a traditional or virtual class withdrawing from a class or the seminary either voluntarily or by dismissal (except for military service), the following applies:

  • During the first seven (7) weeks after Drop/Add week, the Tuition and Comprehensive Fee will be prorated  at a rate of 12.5% per week, according to the withdrawal date.
  • Room and board will be prorated on a weekly basis from the beginning of the semester.
  • After the first seven (7) weeks of a semester, the student will be responsible for the entire semester’s tuition and fee charges.
  • Veterans under Public Law 89-358 will be refunded on a daily prorated basis.

In the case of a student withdrawing from an online class either voluntarily or by dismissal (except for military service), the following applies:

  • The student will owe the complete Comprehensive Fee.
  • During the first three (3) weeks of a class, the Tuition will be refunded as follows, according to the withdrawal date:
    • before the start of the 1st day of class:  100% refund
    • during the first week, days 1 – 7:  75% refund
    • during the second week, days 8 – 14: 50% refund
    • during the third week, days 15-21: 25% refund
  • After the third week of a class, the student will be responsible for the entire class’s tuition charges.
  • Veterans under Public Law 89-358 will be refunded on a daily prorated basis.

In the case of a student withdrawing from a module class either voluntarily or by dismissal (except for military service) or changing from Credit to Audit, the following applies:

  • The student will owe the complete Comprehensive Fee.
  • The Tuition will be prorated as follows, according to the withdrawal date:
    • after class begins and before the final day:   50% refund
    • on or after the last day of class: no refund
    • Veterans under Public Law 89-358 will be refunded on a daily prorated basis.

If you have a credit balance on your account, you may request a refund of that credit by e-mailing the Business Office Manager or contacting the Business Office at 920.206.2316.

Financial Aid

Seminary students may be eligible for government loans. Seminary students are NOT eligible for government grants such as the Pell grant, etc. All seminary students interested in government loans must complete the Free Application for Federal Student Aid (FAFSA). General FAFSA eligibility requirements include the following:

  • Be a U.S. Citizen or eligible non-citizen
  • Have a valid Social Security number
  • Have a high school diploma or GED
  • Enrolled in a degree program
  • Registered with Selective Service (if required)

Applying for Financial Aid

Complete your FAFSA  as early as possible. You must apply and be accepted before you can receive financial aid. Submit your FAFSA as soon as possible after January 1 of the year you plan to attend.

Also Apply online for a Federal Personal Identification Number (FPIN). The PIN will allow you to electronically sign the FAFSA.

FAQs

How do I apply for financial aid?

You must complete a Free Application for Federal Student Aid (FAFSA). Maranatha recommends completing the form online. Be sure to include Maranatha’s school code, 016394.

When do I need to apply for financial aid?

You should apply as soon as possible after January 1st of the year you plan to attend. Note that you will need your current tax information.

What is a PIN and where do I get one?

A PIN is a personal identification number that you will need to electronically sign your FAFSA. PINs can be requested online.

Do I need to file my taxes before I complete the FAFSA?

No, it is not a requirement; however, Maranatha recommends doing so. You may complete the FAFSA by using estimated income information. When you file your taxes, you should review the income information originally reported and make any necessary changes.

What is verification and why was I selected?

Verification is a process by which Maranatha verifies the accuracy of the FAFSA information that a student has submitted. FAFSAs can be chosen for verification by the Federal Processor or by Maranatha. You will need to complete a verification worksheet and submit signed copies of your and your parents’ federal tax forms. If you are chosen for verification, you should respond promptly to requests for information to prevent delays in processing.

Do I qualify for financial aid if I am attending part-time?

If you are enrolled for six credits hours (half-time status) or more, you will probably qualify for some form of financial aid. To be eligible to receive the aid you must complete a FAFSA.

How will I receive my financial aid money?

For most financial aid programs, the money is paid directly to Maranatha. Maranatha then credits your account for the amount of aid received. Loans, grants, and scholarships that are for the entire academic year often will be paid in two disbursements, half for each semester.

What is an entrance interview, and how do I complete one?

First-time Stafford loan borrowers are required to complete an entrance interview. The interview covers the borrower’s rights and responsibilities concerning his or her Stafford loan. Entrance interviews may be completed online.