How Much Will It Cost?
The YLTP is a collaborative program and as such requires a higher level of accountability than the average Master’s program does. But with this increased accountability also comes an increased willingness to share the financial burden that a Master’s degree often presents. By signing on for the program, a student makes a commitment to the church and to the denomination, and in turn those two bodies make a financial commitment back to the student to share equally the cost of tuition.
What does this actually look like? Tuition has a funny habit of incrementally increasing each year, so although it’s not possible to predict the exact cost of the program we can give it a solid effort. The academic year runs from May 1 (the beginning of the summer semester) to April 30 (the end of the spring semester), and for this academic year the tuition costs are $322.50/credit for the Executive Certificate courses and $430/credit for the rest. Following the schedule we proposed in the “How Long Will It Take?” section, costs would be something like this:
- 12 EC1 credits @ $322.50 = $3870
- 15 regular credits @ $430 = $6880
- Total cost = $10750
- Cost to each partner = $3583.33
- 12 EC2 credits @ $322.50 = $3870
- 36 regular credits @$430 = $15480
- Total cost = $19350
- Cost to each partner = $6450
Total cost of the program = $30100
Total cost to each partner = $10033.33
Per semester cost to each partner = $1115
Note that these calculations only cover the costs of tuition and does not include any course fees or textbooks. In addition, churches are encouraged to negotiate with the student to allow for the support of the student beyond tuition for the term of internship in the program.