by our College Data Analytics TeamMost students will never be charged the complete price tag of a school. Rather, they are presented a financial aid deal that includes a mix of loans, grants, scholarships, and possibly work-study opportunities. The sum total of attendance at Kentucky Mountain Bible College can sound overwhelming, but bear in mind that many students get some type of financial aid.
Just what financial assistance solutions will KMBC deliver, and just what are you going to be eligible for? Read on for answers. Read on to find out just how much financial aid will be open to you.
How much aid you qualify for depends largely on your family’s financial circumstances. Read on to get a sense of the financial assistance available at Kentucky Mountain Bible College.
Financial aid, in the form of loans, grants, work-study, and scholarships, is one way colleges reduce the cost of attendance so most students can actually afford to attend. Keep in mind that certain forms of assistance are more beneficial than others, and aid amounts differ from student to student.
Among first-time, full-time freshmen at Kentucky Mountain Bible College, 100% of first-year full-time students received aid of some kind approximately 10 incoming students).
| Type of Aid | % of Freshmen Receiving | Average Amount |
|---|---|---|
| Grant or scholarship aid (all sources) | 100% | $7,266 |
| Institutional grants & scholarships | 100% | $3,050 |
| Federal Pell grants | 70% | $5,802 |
| State/local grants | 0% | — |
| Federal student loans | 30% | $4,499 |
Grants and scholarships are the most valuable form of aid because, unlike loans, they never have to be repaid. At this school, around 98% of undergraduates were awarded grant or scholarship aid averaging $6,854 (across approximately 85 students).
| Award | % of Undergrads Receiving | Average Amount |
|---|---|---|
| Grant or scholarship aid (all sources) | 98% | $6,854 |
| Federal Pell grants | 54% | $5,034 |
| Federal student loans | 24% | $5,046 |
For students living on campus and receiving title-IV aid, grants averaged $7,266.
How much a family pays depends heavily on income, because most aid is awarded on the basis of financial need.
| Family Income | Average Net Price |
|---|---|
| $0 – $48,000 | $8,619 |
| $30,001 – $75,000 | $7,968 |
| Over $75,000 | $13,445 |
Remember these are net prices — what families pay after gift aid, not before.
The net price strips out grant and scholarship aid from the sticker price to show roughly what families really pay.
| Cohort | Average Net Price |
|---|---|
| On-campus title-IV students | $9,337 |
| Off-campus title-IV students | $9,904 |
For a customized cost estimate, visit KMBC’s online cost calculator: www.mykmbc.org/files/npc/npcalc.htm.
The median federal debt load at KMBC comes to $5,500 in federal loans.
| Metric | Amount |
|---|---|
| Median federal debt (all student-aid borrowers) | $5,500 |
Federal data publishes pre-calculated indicators that summarize debt outcomes. KMBC.
Stafford loans are the federal government’s primary direct undergraduate lending program. The totals below capture Stafford lending at KMBC:
| Metric | Value |
|---|---|
| Stafford loan recipients | 211 |
| Total Stafford loan amount | $2,050,847 |
Veterans and active-duty service members may qualify for the Post-9/11 GI Bill or DoD Tuition Assistance.
Post-9/11 GI Bill activity
| Metric | Value |
|---|---|
| GI Bill recipients | 0 |
| Total GI Bill amount | $0 |
References
More about our data sources and methodologies.