Costs of Attendance and
Financial Aid
Costs of Attendance and
Financial Aid
The Office of Financial Aid offers individual appointments and educational webinars throughout the year and avails itself to assist students with resources, research, and completion of application materials.
Tuition and Fees
Iliff is committed to offering affordable graduate degrees. Tuition and fees have remained the same over the past six years and will stay the same for the foreseeable future.
All Degree and Non-Degree Programs: 2024-2025 Fees
- Technology Fee = $100/quarter
- Student Activity Fee = $15/quarter
- Internship (when enrolled in internship) = $50/quarter
- Continuous Registration Fee = $100/quarter
- Drop/Add Fee = $25/course
- Late Registration Fee = $100/quarter
- On Campus Parking = $200/year or $55/quarter
All Master’s Degrees: 2024-2025 Tuition
- Tuition $19,824/year
- Full time tuition (8-14 credits/quarter) = $6,608/quarter ($472-$826/credit)
- Part time tuition (1-7 credits/quarter) = $826/credit
- Each credit above 14 credits/quarter = $826/credit
Doctor of Ministry Degree: 2024-2025 Tuition
- Tuition = $8,000/year or $600/credit (40 credits)
Cost of Attendance
The Cost of Attendance (COA) is not the tuition bill. The COA is the estimated amount students will pay to attend their program for a year. It includes living expenses, transportation, books, and supplies in addition to tuition and fees.
The best way to think about COA is by looking at it as the ceiling to which financial aid can be packaged and paid. This includes loans, scholarships, and work-study.
Scholarships
Iliff receives generous support from the current Iliff community and alumnus. The scholarship application is designed to match students with specific donor requests. General scholarships are also available.
The Office of Financial Aid staff is available to assist students with external scholarship application materials.
Most of our students go on to careers in ministry and non-profits. These fields require a lot of fundraising, and fundraising through financial aid is one way to get used to making the all-important ask for funding. It is more difficult to advocate on one’s own behalf in comparison to having a building or cause to reference for potential donors.
Many of our students have successfully raised funds through their community connections and paid for their seminary studies without taking on huge amounts of debt.
You are encouraged to contact the Office of Financial Aid and set up an appointment to receive fundraising coaching.
Student Emergency Fund
Born out of the need to support students through the COVID-19 crisis, the Student Emergency Fund was built by the Iliff community to help students through temporary hardships. Students are encouraged to communicate with the financial aid director to discover additional options and resources.
Learn more about the fund here.
Federal Aid
What is the FAFSA?
The Free Application for Federal Student Aid (FAFSA) is the form the Department of Education uses to determine financial aid eligibility. The application requires tax information from two years prior to the academic year for which you are applying.
Graduate students are eligible for Federal Direct Unsubsidized and Graduate PLUS Loans.
Federal Direct Loans
Federal Direct Unsubsidized Loans are loans that are not credit-based nor need-based. They gain interest while students are in school, and have a six-month grace period after a student drops below half-time enrollment, withdrawals, or graduates from their program. After accepting their loan through my.iliff, students must complete entrance counseling and a master promissory note at www.studentloans.gov to receive their disbursement.
Graduate PLUS loans are credit-based loans that are applied for in addition to the FAFSA. Students go to www.studentloans.gov to complete the application, entrance counseling, and master promissory note.
Entrance and Exit Counseling
All students are required to submit entrance counseling prior to a Federal Direct Unsubsidized or Graduate PLUS Loan disbursement.Student borrowers who withdraw, drop below half-time, or graduate are also required to complete exit counseling. Students will be prompted by both the financial aid office and through graduation preparation work.Both requirements must be completed at www.studentloans.gov.
Interest Rates and Origination Fees*
| Loan Type | Interest Rate | Origination Fee before October 1, 2022 | Origination Fee on or after Oct. 1, 2022 |
|---|---|---|---|
| Unsubsidized | 3.73% | 1.059% | 1.057% |
| Graduate PLUS | 6.28% | 4.236% | 4.228% |
*Origination fees are assessed by the Department of Education prior to disbursement. Students are packaged for gross amounts and are disbursed for net amounts minus this fee.
Loan Limits
| Loan Type | Annual Loan Limit | Lifetime (Aggregate) Loan Limit |
|---|---|---|
| Unsubsidized | $20,500 | $138,500* |
| Graduate PLUS | Up to Cost of Attendance | None |
Federal Work-Study
Federal Work-Study is available to residential students who demonstrate financial need as defined by the FAFSA and Department of Education.
Students should contact the Financial Aid Office to see if they qualify first before approaching a hiring manager. If hired, the supervisor will begin the paperwork that will be completed by the Financial Aid Office. The Financial Aid Office will provide information regarding payroll to work-study students via email.
Financial Literacy/Debt Management
Public Service Loan Forgiveness for Seminary Students
Many students believe they do not qualify for loan forgiveness due to the stipulation that religious activities do not count for the program. However, seminary graduates are usually not engaged in religious instruction or worship services full-time. They complete non-profit work, fundraising, community service, and administrative duties that count toward the employment requirements.
You are invited and encouraged to contact the Office of Financial Aid for more information.
Contact
If you have any questions, please do not hesitate to reach out. Students are encouraged to set up an appointment through the Financial Aid Appointment Calendar.
Avena Singh, Interim Director of Financial Aid
303-765-3114, ext. 114
asingh@iliff.edu