Financial Aid - Undergraduate
Tuition & Fees
Students who choose Master’s are not just wanting to pay for a degree, but to invest into a true education. That’s why we strive to offer students a Christ-centered education within the financial reach of all, and endeavor to keep costs as low as possible. Consequently, our tuition is among the most economical for a private university.
- 98% of on-campus students receive financial assistance (2018-19)
- $7.2 million in institutional aid awarded annually
When calculating university costs, be sure to consider the total cost. Consider items like: books and supplies, transportation, and personal spending money. While these amounts vary with each student, it can raise the total cost of education above the published tuition and room and board amounts. Fortunately, when computing a student’s financial need, we take all these costs into consideration. The Master’s University is a leading university for affordability and graduation rates.
More Affordable Tuition at TMU is more affordable by about 30.5% compared to the average tuition cost at 15 other private Christian universities in California. Our average total cost is more affordable by about 22.7%. (October 2018)
More Successful Our 61.2% student graduation rate leads compared to average Christian colleges (52.9%), and almost doubles the rate of students at public institutions (32.8%) (CCCU.org 2019). This is credited to high quality academics, small class sizes, and academic resources. Graduating on schedule means paying less for school, graduating with less debt, and starting one’s career faster.
More Freedom Up to 40% of our students graduated with no debt in 2019. During a time when student loan debt is as high as ever, TMU is recognized by the Department of Education for creating an environment where the burden of student loan debt repayment is much less than at almost every other campus in the country. 67% of students graduated with less than $20,000 in loan debt. This compares with the national student loan debt average of $29,800, according to the 2019 TMU Alumni Survey. Additionally, TMU has been recognized in LendEDU’s 2019 annual report on student loan default rates for having one of the lowest default rates not only in California, but the entire country as well. Nationwide, the default rate at Master’s University placed in the 90th percentile.
Director of Financial Aid, Kenneth Piester, shares 10 short helpful videos on common financial aid topics:
Annual Expense (2020-2021) |
Cost |
|---|---|
| Tuition ( 12-18 Units ) | $27,950 |
| Room | $6,500 |
| Board ( 14 Meal Plan ) | $5,000 |
| Tuition/Room/Board Total | $39,450 |
Apply for Financial Aid
1. Complete your FAFSA at www.fafsa.ed.gov - Enter TMU’s Federal School Code 001220
2. Complete and submit all requested documents
3. Confirm and accept your awards
Example Outcomes
These are three fictional examples of financial aid packages. Scholarships, grants and aid will be unique to each individual. Examples may vary based on the presented need and merit qualifications.
Low income California resident, parent is full-time Pastor or Missionary
| Aid: | |
| PELL GRANT | $6,195 |
| SEOG | $1,000 |
| CAL GRANT | $9,084 |
| TMU Academic | $5,500 |
| Pastor/Missionary Dependent (PMD) Grant | $1,000 |
| Subsidized Loan | $3,500 |
| Unsubsidized Loan | $2,000 |
| Total Aid Received | $28,279 |
| Total Cost Of Tuition + Room & Board | $39,450 |
| Annual Tuition Due | - |
| Annual Room & Board Due | $11,171 |
| Your Monthly Cost (10 month plan) | $1,117 |
Recommendation: ask about on-campus or work study positions to earn up to $1,000/month or more to cover your monthly expenses.
Mid-income California resident living off-campus
| Aid: | |
| CAL GRANT | $9,084 |
| TMU Academic | $5,500 |
| Subsidized Loan | $3,500 |
| Unsubsidized Loan | $2,000 |
| Total Aid Received | $20,084 |
| Total Cost Of Tuition | $27,950 |
| Annual Tuition Due | $7,866 |
| Annual Room & Board Due | - |
| Your Monthly Cost (10 month plan) | $787 |
Attention: the cost of living off-campus in California can be substantially higher than living on-campus. Be sure to calculate this into your expenses.
Out Of State Resident with a high GPA
| Aid: | |
| PELL GRANT | $6,195 |
| SEOG | $1,000 |
| President's Scholarship | $14,000 |
| Alumni Scholarship | $1,000 |
| Subsidized Loan | $3,500 |
| Unsubsidized Loan | $2,000 |
| Total Aid Received | $27,695 |
| Total Cost Of Tuition + Room & Board | $39,450 |
| Annual Tuition Due | $255 |
| Annual Room & Board Due | $11,755 |
| Your Monthly Cost (10 month plan) | $1,201 |
Recommendation: ask about on-campus or work study positions, and inquire about additional department or major specific scholarships.
Submit All Financial Aid Documents Here
Document Upload
Dates to remember
October
Create FSA ID
Nov - Dec
Submit Required Docs
March 2nd
Financial Aid Priority Deadline
May
National Decision Day
July
1st Bill
Contact Info
The Master’s University
Financial Aid Office
21726 Placerita Canyon Rd
Santa Clarita, CA 91321
Email: financialaid@masters.edu
Phone: 1-800-568-6248
or 661-362-2290
Fax: 661-362-2693
Hours
| Monday - Friday |
|---|
| 8:30 am - 5:00 pm |
Closed on school holidays
Federal School Code: 001220