$4,912

Avg. Federal Grant

$3,584

Avg. Federal Loan

$411,239

Total Aid Awarded

Kentucky Mountain Bible College (KMBC) Financial Aid and Scholarships

Students Receiving Aid Percent of Students Receiving Financial Aid.

87%

Total Aid Amount Average Total Aid Awarded per year.

$411.239K

Financial Aid Official Website

www.kmbc.edu/?q=Finances

Such schemes include Educational Foundation of the KYCPA Scholarships and Mary Jo Young Dual Credit Scholarship. Notably, almost all of the college students get some kind of financial aid every year, and the total amount of assistance/loans provided adds up to around $156,117. More information regarding the financial assistance schemes can be accessed on KMBC’s official financial aid page at http://www.kmbc.edu/?q=Finances. The total percentage of candidates applying to Kentucky Mountain Bible College who receive the Federal Grant is 67%. On the other hand, 100% of the candidates get the Student Grant, 100% receive the Institution Grant, and 67% get the Pell Grant. As far as the Pell Grant beneficiaries are concerned, the average aid received stands at $4,513. The annual family income of the applicants is also considered for determining the total financial assistance that they will be eligible for. Students whose family income per annum is less than $30,000 will receive a federal aid of $8,598 on average in a year. The average aid amount stands at $5,938 for an annual family income between $30,001 and $48,000. This amount comes to $4,308 for those who fall under the $48,001-$75,000 family income bracket. Those with an annual income level of $75,001-$110,000 would receive $3,165, while candidates with more than $110,000 of family income receive an average federal aid of $1,385. Alternatively, the candidates can also avail of monetary benefits like student loans, apart from financial grants and scholarship schemes to pay for their studies. But, they should understand that student loans are borrowed at a certain rate of interest, unlike grants and scholarships. Moreover, the funds received through these loans will have to be repaid within a given timeframe. At Kentucky Mountain Bible College, the percentage of candidates who opt to avail of student loans is around 75%.

Financial Aid Breakdown

Student Receiving Aid

Federal Grant Aid

80%

State Grant Aid

N/A

Institution Grant Aid

87%

Pell Grant

80%

Average Aid Awarded

Federal Grant Aid

$4,912

State Grant Aid

N/A

Institution Grant Aid

$1,174

Pell Grant

$4,820

Federal Aid based on Family Income

Family Income

Average Federal Aid Per Year

Under $30,000

$6,508

$30,001 - $48,000

$4,915

$48,001 - $75,000

N/A

$75,001 - $110,000

$1,240

Over $110,000

N/A

Student Loans for Kentucky Mountain Bible College (KMBC)

Average Loan Amount Average Loan Amount received per year.

$3,584/Year

Students Taking Out Loans

80%

Loan Default Rate

5.8%

Minumum Credit ScoreApply in as little asVariable APRFixed APR
Discover Student LoansNot Available15 minutes or less2.954.74 View disclosures
Credible6202 minutes5.38%-16.99%14.43%-16.99%1 View disclosures
Sallie MaeNot Available15 minutes1.13% - 11.23%¹ (with autopay)3.50% - 12.60%¹ (with autopay) View disclosures

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