We present new BVI photometry containing 40,000 stars of the Galactic globular cluster M15 (NGC 7078), covering a 25'x25' area centered on the cluster with a magnitude range from the tip of the red giant branch to 3 mag below the main sequence turnoff. Using {alpha}-enhanced Dartmouth Stellar Evolution Program models, we find an age of 13.0+/-1.0Gyr and distance modulus of (m-M)_V_=15.4+/-0.1 through isochrone fitting. Unlike previous works, we find good agreement between the observed completeness-corrected stellar luminosity function and models.