Kentucky Mountain Bible College (KMBC) Financial Aid and Scholarships
Students Receiving Aid
87%
Total Aid Amount
$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%.
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