Federal Financial Aid

Federal Financial Aid is available to graduate students in the form of loans. This type of financial aid helps cover school expenses, including tuition, fees, books, supplies, and transportation. Students are required to file a FAFSA in order to be eligible for any federal aid. Once you have submitted your FAFSA and you have been accepted to Nyack your Award Letter will inform you of what you are eligible to receive.

Entrance or Exit Loan Counseling:

Entrance Counseling (required of all first time borrowers)
Exit Counseling (required of all students entering repayment. i.e.-graduating seniors)
When taking out loans to pay for school, remember you are making an investment. Borrow wisely and only if absolutely necessary to pay for college related costs.

Federal Loans

Please note: Students and Parents are advised that if they enter into a Title IV Federal loan, the loan data will be submitted to the National Student Loan Data System (NSLDS), and will be accessible by guaranty agencies, lenders, and institutions determined to be authorized users of the data system. NSLDS information can be accessed here.

Direct Stafford Loans

Alternative Loans

Nyack College Student Loan Code of Conduct

  • All Nyack lender lists are based solely on the best interests of student and parents without regard to financial interests of Nyack.
  • Nyack receives no revenue, trips, or gifts from any lender in exchange for placement on the college’s lender lists.
  • Borrowers have the right and ability to select any lender of their choice, regardless of whether they are included on the Nyack lender list.
  • Detailed information about borrower benefits, fees and the sale of loans is provided in an on-line resource for comparison of lenders.
  • Each lender on the Nyack lender list is present due to past performance of student and parent service and good to excellent borrower benefits.  Each is evaluated annually to ensure ongoing accurate and truth-in-practice borrower benefits and services.
  • Nyack College’s Student Financial Services staff does not currently serve on any lending institution’s advisory board.
  • Nyack does not and will not allow any lender to identify themselves as employees of Nyack and to work in or provide staffing for SFS without proper disclosure and transparency.

ATS Per-Credit Tuition Rates 2022-23 School Year

  • ATS (MA, MPS, MDiv): $640/credit
  • DMin Program $640.00/credit

Duration of DMin Program: 3 years Tuition: $7,680.00/ year
Total DMin Program Tuition: $23,040.00
Final Doctoral Project Advisory Fee: $1,500*
*Due 2nd semester 2nd year
Program Extension Fee: $1500*/year $750.00 per extension semester


Tech fee semester 9-12 credits (Except DMin): $250.00
Tech fee semester 2-8 credits (Except DMin): $150.00


Alliance Theological Seminary

2 Washington Street
New York NY 10004
Phone. (646)378-6191
Fax. (212) 226-5794
Email. servicecenter@nyack.edu

Chanho Kwak 

Financial Aid Counselor – ATS & AJCO

Isaac Foster

SFS Director

Send Us a Message

Grants (On-Campus)

The following grants are funded by Alliance Theological Seminary and are available to qualifying students: Awarded amounts of grants will be based upon enrollment on-campus for 9 or more credits and financial need.

  • Academic Honor Scholarship-$2,000 is awarded to students who graduate from a fully accredited undergraduate institution with a Grade Point Average of 3.5 or higher.  This scholarship is renewable annually for those students who maintain a minimum Grade Point Average of 3.5 at ATS.
  • Accredited Christian College or University Grant– $1,000 awarded to new students receiving their Bachelor’s from an accredited Christian College or University.  Students must enroll at ATS within 9 months of their graduation.
  • C&MA Grant-For students on track for vocational service and who desire to be licensed with the C&MA, or students who are already licensed with the CMA. The grant requires a minimum enrollment of 30 credits per year. Discount is 50% per semester. An application process is required, please see admissions counselor for details. Renewal for this grant is required yearly. This grant cannot be combined with any other grants.
  • Executive Grant-Amount varies. This Grant is awarded to students who submit a written request for special consideration for financial assistance due to extreme financial hardship.  Students must have a minimum Grade Point Average of 2.5 from a fully accredited institution.
  • Ordained Ministries Grant-$1,000 is awarded to students who at their initial enrollment are ordained with a denomination.  Student must provide proof.

All institutional grants are available to students enrolling for the fall/spring semesters. A grant is renewable by maintaining a minimum of 2.5 cumulative GPA or higher. Grants lost due to low grades may be reinstated by appealing to the Office of Student Services if at any point a student regains the minimum necessary cumulative grade point average.

Endowed Scholarships

Endowed Scholarships require an enrollment of 9 credits per semester. Scholarships are awarded by a Scholarship committee, who meet in March/April for the following school year. Students are notified of awarded scholarships in April/May by Student Financial Services. Some scholarships require written essays. A thank you letter is required by students who receive a scholarship.

The online application can be found at: https://www.nyack.edu/site/graduate-scholarship-application/