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Financial Policy

Financial Information

Students are expected to handle their personal finances in a Christian manner. Payment of accounts, or arrangement thereof by securing loans or scholarships, is expected at the time of registration. In certain cases of financial hardship, payment plans may be arranged with the financial office. Students are not admitted to final examinations until their accounts are fully cleared with the financial office. All tuition and bills must be paid before any record of grades or transcripts will be issued.

Tuition and Fees

Application Fee $ 0.00
Registration Fee / semester $150.00
Student’s Activity fee / semester $ 50.00
Bachelors level / semester unit $200.00
Masters level/ semester unit $250.00
Audit / semester unit $ 50.00
Library fee / year (optional) $ 20.00
Late Registration fee
(up to one week late) $ 25.00
(over one week late) $ 40.00
Graduation fee $200.00
Official Transcript (per copy) $ 10.00
Certificate (per copy) $ 10.00

Charges for Attendance of Spring 2016

B.Th. (in case of full load)

Registration fee $ 150.00
Student Activities fee $ 50.00
Tuition $200.00x15 units $ 3,000.00
S.T.R.F. $ 0.00
Total $ 3,200.00

M.Th/ M.Div. (in case of full load)

Registration fee $ 150.00
Student Activities fee $ 50.00
Tuition $250.00x12 units $ 3,000.00
S.T.R.F. $ 0.00
Total $ 3,200.00

Estimated Total Charge for Entire Program

B. Th. (4 years)

Registration fee $ 1200.00
Student Activities fee $ 400.00
Tuition $200.00x123 units $ 24,600.00
S.T.R.F. $ 0.00
Graduation fee $ 200.00
Total $ 26,400.00

M.Th. (2 years)

Registration fee $ 600.00
Student Activities fee $ 200.00
Tuition $250.00x48 units $ 12,000.00
S.T.R.F. $ 0.00
Graduation fee $ 200.00
Total $ 13,000.00

M.Div. (3 years)

Registration fee $ 900.00
Student Activities fee $ 300.00
Tuition $250.00x90 units $ 22,500.00
S.T.R.F. $ 0.00
Graduation fee $ 200.00
Total $ 23,900.00

Payment Schedule

All tuition and fees are due at registration. Students taking nine (9) semester units or more for graduate students, and twelve (12) semester units or more for undergraduate students, who are financially unable to pay all tuition and fees at registration may be allowed to pay by installment as follows:

1/2 tuition and fees at registration.
1/4 tuition and fees by the end of the 4th week.
1/4 tuition and fees by the end of the 8th week.

Students will not be permitted to register for a new semester unless all financial obligations of prior semesters at the school have been settled. MTSA requires a payment of five (5) percent of the annual interest in the amount which is still due pursuant to the payment schedule.

Refund Policy

Refund during Cancellation Period If a student cancels a course on or before the first day of class at MTSA, the student must receive a refund of 100 percent of the amount paid for institutional charges, less a registration fee not to exceed $100. Please note that the student must cancel in writing. Cancellation Example A student enrolls in the degree program 13 days before it is scheduled to start and pays $3,000 toward the full tuition. Three days before the scheduled start the student decides he no longer wants to enroll. That same day the student submits a cancellation form to MTSA. Thirty days later the student receives a refund equal to the full amount paid, minus $100 for the registration fee, for a total of $2,900. Refund after Cancellation Period If a student withdraws from a course at MTSA after the first day of instruction, the student is entitled to only a partial refund. Please note the student must withdraw in writing. The refund policy is pro-rata to the 60 percent point of the course. Except for those who cancel the course, the formula for refund through the 60 percent point of a course is as follows:

Total Amount Adjusted
Actually Paid Amount
For Instruction _ Registration = Actually
(Includes all fees, Fee Paid for
but no equipment) Instruction

Adjusted Hours of Instruction Not Received
Amount but for which Student Has Paid Final
Actually x ______________________________ = Refund
Paid for
Instruction Hours of Instruction For
Which the Student Has Paid

Refund Example

A student enrolls in a degree program, in which the student pays for one year’s worth of tuition in advance. Three-quarters through the program the student withdraws. If a student has paid for the entire year and withdraws after completing three quarters of that year’s program, the student would not receive a refund, because he or she has completed over 60 percent of the first year.

Withdrawal from the Program

You may withdraw from the school at any time and receive a prorated refund if you have completed 60 percent or less if the scheduled days in the current payment period in your program through the last day of attendance. The refund will be less a registration or administration fee not to exceed $ 250.00, and less any deduction for books and materials not returned in good condition, within 45 days of withdrawal.

For the purpose of determining the amount of the refund, the date of the student’s withdrawal shall be deemed the last date of recorded attendance. The amount owed equals the daily charge for the program (total institutional charge, minus non-refundable fees, divided by the number of days in the program), multiplied by the number of days scheduled to attend, prior to withdrawal.

For programs beyond the current “payment period,” if you withdraw prior to the next payment period, all charges collected for the next period will be refunded. If any portion of the tuition was paid from the proceeds of a loan of third party, the refund shall be sent to the lender, third party or, if appropriate, to the state or federal agency that guaranteed or reinsured the loan.

Withdrawal Definitions

For the purposes of determining the amount you owe, you shall be deemed to have withdrawn from the course when any of the following occurs (a) You notify MTSA of your withdrawal or the actual date of withdrawal; (b) School terminates prior to your enrollment; or (c) You fail to attend classes for a three-week period.

Student’s Right to Cancel

The student has the right to cancel the agreement and receive a full refund before the first class and materials are received. Cancellation is effective on the date the written notice of cancellation is sent to the MTSA.

Cancellation must occur prior to the receipt of the first lesson and materials, which will occur within seven days after the institution accepts the student for admission. _______ (initial)

This institution shall transmit all the lessons and other materials to the student if the student (a) has fully paid for the educational program; and (b) after having received the first lesson and initial materials, requests in writing that all of the material be sent. If the institution transmits the balance of the material as the student requests, the Institution shall remain obligated to provide the other educational services it agreed to provide, such as response to student inquiries, student and faculty interaction, and evaluation and comment on lessons submitted by the student, but shall not be obligated to pay any refund after all of the lessons are material are transmitted.

Federal and State Aid

MTSA does participate in Federal and State financial aid program yet. When such aid is available, MTSA will disclose to the student pursuant to the applicable Federal and State financial aid programs.

If a student is eligible for a loan guaranteed by the federal or state government and the student defaults on the loan, both of the following may occur:

a. The federal or state government or a loan guarantee agency may take action against the student, including applying any income tax refund to which the person is entitled to reduce the balance owed on the loan.

b. The student may not be eligible for any other federal student financial aid at another institution or other government assistance until the loan is repaid.

Student Loans

Student loan resources will be not available for MTSA students. MTSA is planned to apply for FAFSA by 2017.

Student Tuition Recovery Fund

The State of California created the Student Tuition Recovery Fund (STRF) to relieve or mitigate economic losses suffered by students in educational programs who are California residents, or are enrolled in a residency program attending certain schools regulated by the Bureau for Private Postsecondary Education. You may be eligible for STRF if you are a California resident or are enrolled in a residency program, prepaid tuition, paid the STRF assessment, and suffered an economic loss as a result of any of the following:

1. The school closed before the course of instruction was completed.
2. The school's failure to pay refunds or charges on behalf of a student to a third party for license fees or any other purpose, or to provide equipment or materials for which a charge was collected within 180 days before the closure of the school.
3. The school's failure to pay or reimburse loan proceeds under a federally guaranteed student loan program as required by law or to pay or reimburse proceeds received by the school prior to closure in excess of tuition and other costs.
4. There was a material failure to comply with the Act or this Division within 30 days before the school closed or, if the material failure began earlier than 30 days prior to closure, the period determined by the Bureau.
5. An inability after diligent efforts to prosecute, prove, and collect on a judgment against the institution for a violation of the Act.

You must pay the state-imposed assessment for the Student-Tuition Recovery Fund (STRF) if all of the following applies to you:
1. You are a student in an educational program, who is a California resident, or are enrolled in a residency program, and prepay all or part of your tuition either by cash, guaranteed student loans, or personal loans, and
2. Your total charges are not paid by any third-party payer such as an employer, government program or other payer unless you have a separate agreement to repay the third party.

You are not eligible for protection from the STRF and you are not required to pay the STRF assessment, if either of the following applies:
1. You are not a California resident, or are not enrolled in a residency program, or
2. Your total charges are paid for by a third-party, such as an employer, government program or other payer, and you have no separate agreement to repay the third party.

However, no claim can be paid to any student without a social security number or a taxpayer identification number.

Financial Aid and Financial Assistance

MTSA offers a variety of institutional scholarships semi-annually to both incoming and current students for the purpose of achieving better quality of education. The conditions for receiving this assistance differs with each scholarship. Applicants may obtain the information and applications by writing to or visiting the office of student financial assistance. Please note that MTSA does not participate in government financial aid programs.

The preferences for awarding institutional scholarships are based on the following:

1. Leadership potentiality
2. Academic excellence
3. Need
4. Under and Graduate students (not for Audit)
5. Local pastor’s spouse
6. Full time student status
7. Student spouses who are both enrolled