Tuition & Fees

For Undergraduate Students

College students at MCS may study full-time or part-time through a variety of course delivery methods: one week modular courses, online courses (live streaming), and distance education courses. The tuition rates are in Canadian funds. All fees are subject to change.

On-Site, Online, and Directed Study Courses

$690.00/per 3-credit course

Plus Fees

Audit

$100/per course

Our Digital Theological Library offers students unparalleled access to online resources for their research needs. To offset the costs of this library access, all students pay a Digital Library Fee.

*While students have the benefit of accessing their textbooks online through the Digital Theological Library, they will not have access to the Digital Theological Library upon graduation. Therefore, we encourage students to purchase select textbooks to build their personal library.

Payment Options

Direct Bank Payment

From your bank account (CIBC, Scotiabank, Royal Bank or TD Canada Trust), add Master’s College and Seminary as a payee to your bills list. Use your student ID number as the account number. TIP: Online payments may take up to 72 hours or more to process, so please allow sufficient time for bank processing to avoid late penalties.

Pay In Person

You may visit the campus finance office and we are able to process your payment using your debit card, a cheque, money order, or bank draft. You can also submit a Pre-Authorized Debit agreement (PAD) to the Finance Office along with the required banking information (a void cheque or pre-authorized payment form from your bank), and we will automatically withdraw payment from your bank account. Please note – we do not accept credit cards.

Payment Policy

All tuition and fees are due and payable one week prior to the start of courses for each semester. Methods of payment include direct bank payment, e-transfer, debit, cheque, money order, bank draft, or pre-authorized debit (PAD). Interest of 2% monthly is applied to outstanding balances.

Students who have paid in full or who establish and consistently maintain their payment plan throughout the year shall be eligible to receive scholarships or awards.

Payment Plan

Students who are unable to pay in full at the beginning of a semester may choose our payment plan option for an additional fee of $75, provided they are taking at least 9 credit hours (three courses). See table right.

Penalties for Outstanding Accounts

Students with unpaid accounts at the College are:

  • Charged interest at the rate of 2% monthly on outstanding balances
  • Unable to receive marks or transcripts.
  • Ineligible for scholarships and awards.
  • Unable to finalize registration for another semester.
  • Unable to receive certificates, diplomas or degrees.
  • Subject to the Canadian Credit Corporation for collection of accounts over 90 days outstanding or in arrears.
  • At risk of dismissal from the college.

Refund Policy

Fees are non-refundable. A full tuition refund is available prior to the start of class only.

Module refunds:
By end of 1st day: 80%
By end of 2nd day: 50%
After 2nd day: 0

6-week term refunds:
By end of 1st week: 80%
By end of 2nd week: 50%
After 2nd week: 0

Semester Refunds:
By end of 2nd week: 80%
By end of 3rd week: 50%
After 3rd week: 0

Discounts

Tuition Discount for Dependents of PAOC and PAONL Credential Holders (10%)

A tuition discount is available for dependents (i.e., single, living at home and less than 25 years old) of credential holders in active ministry of the PAOC or PAONL who enroll in a minimum of 15 credit hours at the Peterborough campus, providing they have an average of 65% or higher for grade 12 students or a cumulative GPA of 2.50 (i.e., C+) for college/university students. A photocopy of the parent’s credential must be submitted to the college to process this discount. Students can receive this discount in subsequent years if they maintain a cumulative GPA of 2.50 (i.e., C+) or higher and enrol in a minimum of 15 credits per semester at the Peterborough campus. Discount only applies to tuition since all students pay 100% of the compulsory fees.

Family Tuition Discount (10% – 20% per Sibling)

Families who have more than one full-time dependent student (i.e., single, living at home and less than 25 years old) enrolled in any program at the Peterborough campus are eligible for a tuition discount, providing all siblings are enrolled in 15 or more credits hours and they have an average of 65% for grade 12 students or a cumulative GPA of 2.50 (i.e., C+) for college/university students. If there are two siblings, each sibling will receive a 10% tuition discount; if there are three siblings each will receive a 20% tuition discount. The siblings can receive this discount in subsequent years providing they all enroll in a minimum of 15 credit hours, and they maintain a cumulative GPA of 2.50 (i.e., C+). One of the siblings not maintaining the minimally required GPA will not affect the other siblings from receiving their tuition discount. The discount only applies to tuition since all students pay 100% of the compulsory fees.

55+ Student Tuition Discount (25%)

A 55+ Student Tuition Discount (25%) is available for students who are at least 55 years old by September 30th for the Fall semester, January 31st for the Winter semester or May 1st for the Summer semester. Students must send confirmation of age (e.g., Birth Certificate, Driver’s License) to the Registrar’s Office to have this discount processed. Discount only applies to tuition since all students pay 100% of the compulsory fees.

Scholarships & Awards

Every year during a special awards chapel in the Fall and Winter semesters and at grad, Master’s students are presented with awards and scholarships made possible through the generosity of individual donors and churches.

Entrance Scholarships & Awards

All students who apply to a Certificate, Diploma or Degree program by submitting the Regular Application Form, with all required documents (i.e., three Reference Forms, Transcripts), will be considered for applicable Entrance Scholarships, providing they meet the deadlines indicated. NOTE: There is no limit on the availability of scholarships/awards that are marked with an asterisk *.

Deadlines for Consideration

All Students: June 30th for the Fall semester and September 30th for the Winter semester.
Distance Education Applicants: June 30th for the Fall semester and October 31st for the Winter semester. NOTE: To be eligible for these scholarships, final official high school transcripts must be received or postmarked by July 7th for those students who are provisionally accepted for the Fall semester while they are still attending high school.

The Carl Verge Entrance Scholarship is available for new and transfer students accepted into a degree program, providing they enroll as full-time students (i.e., register for 12 or more credit hours) in each semester at the Peterborough campus.

The Carol Sirett Entrance Scholarship is available for new and transfer students accepted into a certificate or diploma program, providing they enroll as full-time students (i.e., register for 12 or more credit hours) in each semester at the Peterborough campus.

The Lyman Kulathungam Entrance Scholarship is available for all Canadian students who relocate to Ontario to study at the Peterborough campus in the certificate, diploma, or degree programs, providing they enrol in at least five courses per semester. This scholarship is renewable for subsequent years at 50% of the rate initially received.

The Doug and Sue James Alumni Entrance Scholarship is available for new and transfer students accepted into the diploma or degree programs, providing they have a parent or grandparent who is an alumnus of the college, and they enroll as full-time students (i.e., register for 12 or more credit hours) in each semester at the Peterborough campus.

The Alumni Entrance Scholarship is available for new and transfer Distance Education students accepted into a diploma or degree program, providing they have a parent or grandparent who is an alumnus of the college, and they enrol in at least two online courses each semester.

This grant will be awarded to all Quebec students who relocate to Ontario to study at the Peterborough campus in any program, providing they enrol in five courses. This grant is renewable for subsequent years.

The Matching Church Entrance Scholarship is available for new and transfer students accepted into a diploma or degree program who enroll as full-time students at the Peterborough campus or in at least two online courses for Distance Education students each semester. The home church’s contribution is provided in the Fall semester and Master’s contribution is provided in the Winter semester, providing the student achieves a minimum Term GPA of 2.50 in the Fall semester and enrolls in at least the minimum number of courses as indicated above in the Winter semester.

The Distance Education Entrance Scholarship is available for new and transfer students accepted into a certificate, diploma, or degree program, providing they enroll in at least two online courses each semester.

The Prodigy Days Award is available for ALL students who attend Prodigy Days, an orientation event held at the Peterborough campus in mid-March each year for prospective students, if they enroll at the Peterborough campus as full-time students (i.e., register for 12 or more credit hours) in the certificate, diploma, or degree programs within two years of attending Prodigy Days.

The Open House Tuition Voucher is available for ALL students who attend Open House, an orientation event held at the Peterborough campus in mid-October for prospective students and their parents, if they enroll at the Peterborough campus as full-time students (i.e., register for 12 or more credit hours) in the certificate, diploma, or degree programs within two years of attending the event.

The Returning Student Scholarship is available for returning students who have completed 30 or more credit hours with a cumulative GPA of 3.00 (B) or higher, who enroll as full-time students (i.e., register for 12 or more credit hours) for the Fall and Winter semesters.
Deadline for applying for this scholarship: May 31st.

Donors set the eligibility criteria, which our Awards Committee uses to select the recipients. It’s an exciting moment in the lives of our students to receive these awards and be honoured for their character and achievements.

Awards and scholarships are a wonderful way to honour the memory of a loved one, to provide a monetary gift to students from a specific cohort (e.g., a geographic area or under-served population), or to honour a particular gifting or interest (e.g., demonstrated leadership skills; church planting; missional outreach, research and writing skills, etc.)

If you or your church would like to offer a recurring scholarship or award, please email Donna Haug to make arrangements.

External Scholarship Opportunities

Awarded by denominational partners or organizations that are separate from MCS.

This annual scholarship program is open to Black Canadian citizens or permanent residents who are enrolled or are planning to enroll in a full-time undergraduate or graduate program at a Canadian college or university. Applicants must demonstrate academic excellence, financial need, and community involvement.

The BBPA NSP offers several scholarships ranging from $1,000 to $7,000. In addition to financial support, the BBPA NSP offers recipients opportunities for mentorship and networking with Canadian professionals. The program also provides recipients with access to various resources and workshops, to support their academic and professional development.

Apply at bbpa.smapply.io/prog/scholarship

This grant is available to Canadian full-time undergraduate students in financial need. You are automatically assessed when you apply for student aid with your province or territory. There is also a grant for part-time students.

Visit www.canada.ca/en/services/benefits/education/student-aid/grants-loans/full-time.html

There are 100+ awards available, totalling up to $50,000. The largest award available is $5,000, which is open to any applicant going to a publicly funded post-secondary institution in Canada. There is a $3,000 and $2,000 award. In addition, there are 101 other awards, between $200 and $1,000 in value. Visit https://p2c.com/students/awards for details.

Financial Assistance

Financial Assistance is available to those who qualify. Assistance to help pay for your postsecondary is based on many factors including your (and your family’s) financial resources.
Things to remember:
  • It is intended to supplement—not fully cover—the cost of your schooling. You (and your family, if applicable) are expected to contribute to your educational and living expenses.
  • You will receive your funds in two installments—60% for the fall semester and 40% for the winter semester.
  • If your student financial assistance does not arrive before the first day of classes, you will need to arrange for interim funding from another source (e.g., from family, an RESP, a bank line of credit, your savings, etc.) or connect with the finance office to set up a Deferred Payment Plan.
  • You are required to successfully complete the academic and attendance requirements of your program to remain eligible for assistance.
  • You’ll need to inform your Financial Aid Officer of any changes to your academic or financial situation while you’re receiving a student loan.
  • The National Student Loans Service Centre (NSLSC) is where you manage your student loan.

Canada Student Financial Assistance

Students who are planning to apply for student financial assistance are encouraged to submit their application when they become available each year (usually in June) to ensure that the loan is available when the student starts the semester. Additional inquiries regarding student loans/grants should be directed to our Financial Aid Office or to provincial Student Financial Aid Offices. Students from Quebec who are not eligible to receive government-issued student loans when they attend a private institution such as MCS are encouraged to check with the Dean of Educational Services to discuss funding possibilities while they are students at MCS.

For information on federal student loans and grant programs, visit Human Resources Development on the Government of Canada website.

Short-Term Interest-Free Loans

A student experiencing financial difficulty within a semester may inquire about a Student Financial Assistance Loan at the Finance Office. The student must meet certain criteria to be eligible for such a loan. These criteria will include several items such as:

  • A satisfactory reason for requesting the loan.
  • An ability to repay the loan within a reasonable length of time.
  • Post-dated cheques, credit card authorization (subject to a surcharge as indicated on the Current Fee Schedule), or other method of payment will be required to meet the loan repayment schedule as set out by the Finance Office.
  • The student must have a good payment record with MCS.
  • In most cases the loan, if approved, will be applied directly to the student’s account.
  • MCS  retains the right to refuse any application for a Student Assistance Loan.

Students who default on their loan repayment schedule will be subject to service charges and to the rules applying to students’ outstanding accounts as indicated in the Current Fee Schedule. The funds used for Student Assistance Loans are available for current students only. These loans are not available during the student’s first semester. It is imperative that funds borrowed by current students be repaid so that future students can benefit from the same funds.

First Nations Assistance

Qualifying First Nations students may be eligible for financial assistance from their band council since Master’s is recognized by the First Nations as a degree-granting institution. Additional information is available at the Financial Aid Office.

Also, Indspire disburses bursaries and scholarships through its Building Brighter Futures program to Indigenous students who are enrolled in post-secondary programs. Since 1985, Indspire has disbursed bursaries and scholarships to First Nation, Inuit, and Métis post-secondary students. It is the largest funder for Indigenous education outside of the federal government. Check the Building Brighter Futures program found here to see if you qualify for funding as an Indigenous Student.

Worker’s Compensation

Individuals who are receiving Worker’s Compensation are encouraged to speak with their Workers’ Compensation Counsellor to determine if they are eligible to receive any assistance under their retraining program.