Financial Information

Cost of Attendance

KMBC endeavors to keep educational costs to a minimum. Tuition and fees cover only a small portion of the total educational cost. The college appreciates and depends on the generous support of churches, alumni, and friends. A substantial part of the cost of each student’s education comes from these sources.

The total cost of a semester of study at KMBC includes tuition and required fees; special fees where applicable; housing and meals; books, course materials, supplies, and equipment; transportation; and miscellaneous personal expenses.

The approximate cost for one semester in 2023-2024 is itemized below:

Tuition (15 semester hours at $305 per hour) $4,575
Meal Plan $1,655
Room $1,030
Books (estimated) $250
Required Fees (estimated) $455
Estimated semester cost $7,965*

* Transportation & Personal Expenses not included.

A list of required fees and special expenses can be found in the Finance Section of the College Catalog.

KMBC reserves the right to change prices without notice.

Payment Options

Before the start of each semester students will receive a Financial Aid Plan (FAP) from the KMBC Financial Aid Office. The FAP contains the student’s estimated cost, confirmed financial aid, and the remaining semester balance (work study is not applied until earned).

All student accounts are due and payable at the time of enrollment. Payment plans are available if the student is unable to make full payment at registration, and must be arranged with the Business Office before registration is complete.

Any changes to a student’s cost or financial aid  will be reflected in the student’s subsequent payments.

A charge of $25.00 will be added to accounts every time a payment is not paid on time.

Students who have any unpaid school accounts with the Business Office, Bookstore, Library, Financial Aid Office, or the Dorm Supervisor must make satisfactory arrangements with the Business Manager before final examinations may be taken.

If a check or draft which has been accepted in the Bookstore or the Business Office is returned by the bank because of insufficient funds, $25.00 will be added to the student’s account.

Textbooks and supplies purchased in the KMBC Book Store may be paid for in cash, by credit card, or charged to the student’s account.

Payment Methods

Check: Make checks payable to Kentucky Mountain Bible College (KMBC)

Checks may be deposited with business manger or business office attendant. 

Credit Card: KMBC accepts all major credit cards

To make a payment in person, please consult the business office. Otherwise, you may make a payment online through PayPal below. 

Direct questions to:     KMBC Business Manager: 606.693.5000 ext. 111

Joe Ritter

Financial Aid Director

606-693-5000 ext. 175

Your Name (required)

Your Email (required)

Your Message


    New students

    – Must apply and be accepted for admission to KMBC.

    – Financial Aid packages will not be offered until admission acceptance is finalized, but a student may begin the financial aid process before that time.

    – To receive Federal Financial Aid students must meet the eligibility requirements set by the Department of Education.

    – To receive most KMBC Financial Aid, students must complete the KMBC Scholarship Application Form.

    Returning students

     – To receive Federal Financial Aid, students must meet the eligibility requirements set by the Department of Education

     – To receive most KMBC Financial Aid, students must complete the KMBC Scholarship Renewal Form each spring.


    All students

     – Must apply for federal financial aid online by completing the FAFSA at

     – If you do not already have one, apply for a FSA ID (Federal Student Aid ID) before completing the FAFSA. The FSA ID replaced the Federal Student Aid PIN on May 10, 2015. The FSA ID allows you to sign the FAFSA electronically. If you are filing as a dependent student, at least one parent must have a FSA ID.

     – We recommend that you use the IRS Data Retrieval Tool in the FAFSA to provide the required tax information. It will increase the accuracy of your FAFSA information and streamline the application, verification, and packaging process. The earlier you apply and the more accurate your application is, the sooner you will be offered the financial aid for which you are eligible.

     – Enter KMBC’s federal school code (030021) on the FAFSA. This allows KMBC to receive your FAFSA information.

    – Important Note: The FAFSA uses household income data from two years prior to the current academic year. If your household income has changed, especially because of unemployment, relocation, or COVID, you may request an adjustment or override of certain financial information on the FAFSA. Dependent students who are homeless, unaccompanied, or who cannot include their parents’ personal and financial data on the FAFSA may also request a dependency override. Please contact the Financial Aid Office for more information and to request that your personal situation be evaluated.

    Visit the Federal Student Aid Website for more information about the FAFSA.


    When KMBC electronically receives your FAFSA, we will begin to process your financial aid application. If your FAFSA is selected for verification by the Department of Education you may be required to submit additional documentation to the Financial Aid Office.


    The verification process requires KMBC to collect documents that confirm the FAFSA data regarding your family and your finances. This process is used to ensure students are receiving the correct amount of aid. The verification process requires that we collect IRS tax transcripts for both you and your parents (if you are a dependent student) or your spouse (if you are married) unless you use the IRS Data Retrieval Tool when you complete or update your FAFSA. KMBC recommends that you follow tax transcript instructions provided by the Financial Aid Office, as the IRS has made changes and continues to change the transcript request process. The Financial Aid Office will provide you with forms to complete, and verification must be complete before your financial aid offer can be determined.


    When KMBC completes the processing of your financial aid application, you will be notified of your eligibility by letter or email. It is important that you provide us with current contact information. Before receiving federal financial aid, all students are required to read, understand, and sign the Terms and Conditions for Receiving Financial Aid, the Title IV Authorization Form, and the Consent to Electronic Communication.

Since 1991, KMBC has been approved by the Department of Education to participate in the Federal Financial Aid Programs. KMBC also provides institutional scholarships, grants, and work study. Last year our Financial Aid Office administered more than $630,000 in financial aid, of which more than $200,000 were KMBC resources.

There are two types of financial aid:

  • Merit-Based Aid: Grants and scholarships given to students for academic, talent, or other merit.
  • Need-Based Aid: Financial Aid based on student’s financial need (usually grants, work-study, and subsidized loans). Financial need is defined by the Department of Education, as the difference between a family’s resources and the total cost of attending college. A family’s resources, or Expected Family Contribution (EFC), is determined by the FAFSA. When evaluating a family’s resources, there are several factors taken into consideration
    • parental income and assets
    • student income and assets
    • family size
    • number of family members in college


Learn more about financial aid opportunities available at KMBC by clicking the options below:

Scholarships are a type of financial aid that does not need to be repaid. Scholarships are awarded to students based on merit – grades, ability, or talent. The following scholarships are available to our students.


Amount: Incoming student’s Academic Scholarships are based on ACT scores. Returning student’s Academic Scholarships are based on their Cumulative Grade Point Average.

Tuition Academic Scholarships for ACT and GPA Scores
Amount Awarded Annually ACT Score Cumulative GPA
18% Tuition 28-36 3.97-4.0
15% Tuition 25-27 3.8-3.96
12% Tuition 21-24 3.5-3.79

Eligibility: Must file FAFSA (some exceptions made)

Application: Must complete KMBC Scholarship Application Form (1st yr students)


Amount: $1295/semester

Eligibility: Must be accepted to KMBC and demonstrate an exceptional music ability. An audition with the Music Department is required.


Amount: $3650

Eligibility: Summer Counselors are chosen by KMBC


Amount: $3650

Eligibility: Must be accepted to KMBC and demonstrate an exceptional music ability. An audition with the Music Department is required.


Amount: $1,000/yr

Eligibility: General scholarships are available to all Breathitt County residents who meet the following requirements:

– Graduated from a high school in Breathitt County or be a current resident of Breathitt County

– Demonstrate financial need

– Meet entrance requirements of the college or technical school you plan to attend

– Maintain 2.5 GPA or higher

– Be enrolled as a full-time student (12 hours per semester)

Application: Interested persons should contact the foundation:

Address: Marie R. & Ervine Turner Educational Foundation, Inc.
1138 Main St., PO Box 620, Jackson, KY 41339
Phone: (606) 666-9366
Web Page:

Application Deadline: Application must be received by April 30th for following academic year

Financial Assistance & Discount Guide For Low Income Students,


OUTSIDE SCHOLARSHIPS AND INFORMATION (provided for reference only):

MoneyKey Scholarships

Abacus Life Scholarship
Scholarship Details:

Applicants must be a full or part-time student at an accredited 4-year College or University in the United States.
Each applicant should include an essay, video, or poem (choose one) describing “What Community Means to You”. Essays and poems should be between 300-500 words. Videos should be a maximum of 3 minutes in length.
Minimum GPA Requirements: None

Award Amount: $1,000
Deadline: Oct 10

All applications should be emailed to for consideration and should include: Completed application form (attached) and (one) essay, poem, or video.

Grants are a kind of financial assistance that does not need to be repaid. A grant is usually awarded based on a certain level of financial need or other requirements. Most grants require that the FAFSA is filed each year.


Amount: $7,395 (2023/2024)

Eligibility: Eligibility based on the FAFSA.



Amount: Minimum $200 per year for 0 EFC students

Eligibility: Eligibility based on the FAFSA.



Amount: 6% of tuition

Eligibility: Student must:

– Be full-time student

– Have a minimum High School GPA of 2.0 (1st year students)
– Not be on Academic Probation, Provisional Admittance, or Disciplinary Probation

Students who receive a KMBC Academic Scholarship do not receive the KMBC Grant.


– Complete FAFSA yearly

– Complete KMBC Scholarship Application Form (1st yr students)

– Complete KMBC Scholarship/Grant Renewal Form yearly (Returning students)

A loan is a type of financial aid that requires repayment. Some are based on financial need while others are not. The following loans are available to our students: Students or parents will need to apply for each individual loan in order to consider these options.


Description: Subsidized Direct Loans are based on need. The U.S. Department of Education will pay the interest while student is enrolled for at least 6 credit hours and during the 6 month grace period following graduation, withdrawal, or less-than-half time enrollment.

Amount: Varies

Eligibility: Student must:

– Be enrolled for at least 6 credit hours

– Complete the FAFSA

– Demonstrate need (based on the FAFSA)

– Not be in excess of Direct Student Loan Limits


– Accept loan offers through Populi

– Complete Entrance Loan Counseling at

– Complete an MPN at

– Agree to Exit Counseling when you graduate, withdraw, or if you attend less than half-time.

Interest Rate: click here for current year rates and fees

Repayment: Begins 6 months after student graduates, leaves school, or drops below half-time.


Description: Unsubsidized Direct Loans are non-need based. Interest begins to accrue at the time of disbursement and is the responsibility of the student.

Amount: Varies

Eligibility: Student must:

– Be enrolled for at least 6 credit hours

– Complete the FAFSA

– Not be in excess of Direct Student Loan Limits


– Accept loan offers in Populi

– Complete Entrance Loan Counseling at

– Complete an MPN at

– Agree to Exit Counseling when you graduate, withdraw, or if you attend less than half-time.

Interest Rate: see here for current year rates and fees

Repayment: Repayment begins six months after student graduates, leaves school, or drops below half-time.


Description: The PLUS (Parent) Direct Loan is a non-need based loan with eligibility determined through the FAFSA. It is available only to parents or step-parents. This loan helps to pay for education expenses up to the cost of attendance minus all other financial assistance. Interest begins immediately. The PLUS loan is in the parent’s name. If the parent is denied the PLUS loan after the credit check performed by the Department of Education, the student is then eligible for an additional Unsubsidized Loan. To learn more click here

Amount: Varies

Eligibility: Available only to parents or step-parents of students enrolled in at least 6 credit hours

Repayment: Repayment begins 60 days after the last disbursement. The payment can be deferred until after graduation if requested.

Credit Check: Contact the Financial Aid Office for required documentation before applying online


Interest Rate: see here for current rates and fees


Description: Borrowers are able to combine subsidized and unsubsidized loans into one loan.

Application: Visit Direct Loan Servicing Center for loan consolidation information.


Through users can:

– View and download their federal student aid history

– Get their loan servicer’s contact information

– Find out how much Pell grant eligibility they have left

– Through the NSLDS Student Access site users can:

– Update their address

– Submit enrollment changes

– Provide an organization authorization to their account


The FSA Ombudsman receives, reviews, and attempts to resolve informally, complaints from loan borrowers. The Ombudsman also complies and analyzes data on complaints and makes appropriate recommendations.

Toll-free telephone: (877) 557-2575
Fax number: (202) 275-0579
Mail: U.S. Department of Education
FSA Ombudsman Group
830 First Street, N.E., Mail Stop 5144
Washington, DC 20202-5144


A private student loan is an unsecured educational loan made by a private financial institution such as a banks or credit unions. Private student loans that must be repaid with interest.

  • Interest rates, origination and repayment fees for this loan program are based on the credit-worthiness of the borrower and/or co-borrower.
  • You can borrow up to the KMBC estimated cost of attendance, including tuition, mandatory fees, room and board, books and supplies, and additional costs, less other aid received.
  • Students generally need to apply with a credit-worthy co-borrower.
  • Interest rates may be variable on a monthly or quarterly basis and may not have a maximum rate.
  • Repayment generally begins immediately after full disbursement.
  • Repayment options may not be as flexible as federal direct loans. Some private lenders may defer (postpone) repayment during periods of at least half-time enrollment and economic hardship; however, interest may accrue on the loan from the date it is disbursed.
  • To reduce the cost of borrowing, consider making payments while enrolled in school.
  • Rules for repayment and deferment vary from lender to lender. Check with the lender for more information.

Private education loans vary by lender. You should compare the loan terms and conditions and choose the one that best fits your situation.

Students and parents interested in applying for or learning more about private education loans should visit FastChoice. KMBC does not prefer, recommend, promote, endorse, or suggest any of the lenders listed.

We recommend that you thoroughly research the various private loan options to find the best fit for you. You have the right to choose any lender, even ones that are not listed at FastChoice. KMBC will process loans from any eligible private lender you select. To apply for a loan not listed here, please visit the lender’s website.


Description: Federal Work Study is a form of financial assistance that allows students to earn money through on-campus employment. It is need-based and requires the student to file the FAFSA. The Federal Work Study (FWS) program is different from other financial aid:

FWS is not a guaranteed amount. Student must work their assigned hours to received FWS funds. Offered amounts are re-evaluated during the semester and may be adjusted to reflect the actual hours being used.

FWS earnings are paid directly to the student through payroll. It is up to the student to determine how to spend the amount; it is not automatically applied toward tuition and fees.

Type of Aid: Student Employment

Amount: Varies

Eligibility: Student Must:

– Demonstrate financial need (based on FAFSA)

– Be enrolled at least 6 credit hours

– Fill out necessary FWS forms at the start of the school year

– File FAFSA yearly – Students may indicate interest in work study on the FAFSA

– Communicate interest and skills to the Financial Aid Director


Description: Resident students may apply for campus work for several hours per week. KMBC credits the student’s tuition account based on the minimum wage for all campus work (wage increases are available based on skill and performance).

Type of Aid: Student Employment

Amount: Varies

Eligibility: Students Must:

– Be willing to follow KMBC STEP guidelines

– Fill out required employment forms

Application: Communicate interest and skills to the Financial Aid Director



Questions are often asked about where to find additional scholarships. Although there are many possible sources through Internet searches, the Financial Aid Office recommends students start by taking the following steps:

  • Start with your hometown library and ask about local scholarships for students from your community or county.
  • Contact your hometown Chamber of Commerce and ask about local scholarships.
  • Contact your hometown newspaper and ask if they know of any local scholarships.
  • Ask your pastor if your church provides any scholarship funding or would consider supporting you financially while at school.
  • High school students can check with their school’s guidance counselor. Home school students can also contact a high school guidance counselor to see if they will provide information on scholarships.
  • Is there a college or university nearby your hometown? Look on their financial aid website for a list of any outside scholarships they may have published. You can apply for these scholarships to be paid to the school of your choice. If they don’t have scholarships listed on their website, call the financial aid office and ask if they can send a list to you.
  • Foundation Directory Online is a free online search tool that can help find private foundations with scholarship programs.

The Higher Education Assistance Authority of your home state may have a list of scholarships, or call them and ask for a list. You will need to check to make sure the scholarship can be paid to an out-of-state school.

Kentucky residents can also look through these sources:

  • KHEAA has put together an exhaustive list of scholarships for Kentucky residents.
  • Kentucky Coal County College Completion Scholarship – Must be a permanent resident of a Kentucky coal‐producing county. Must have earned at least sixty (60) credit hours toward completion of their first bachelor’s degree.
  • John R. Turner Scholarship Fund – For residents of Breathitt County, Kentucky or students who graduated from a Breathitt County high school.
  • The Kentucky Farm Bureau Education Foundation has at least 90 college scholarships. High school seniors must have either a minimum 3.5 cumulative GPA (on a 4.0 scale) or a minimum 23 ACT score and must be the child of a Kentucky Farm Bureau member and remain a member while the scholarship is in force.
  • Women’s Educational Grant – One $1,500 scholarship to a female non-traditional student for the following school year. Student must be a member of Kentucky Farm Bureau for at least one year prior to applying for this award.
  • Coover Law Firm Working for Education Scholarship – Geared toward non-traditional students, students must be working at least 20 hours per week and maintain a 2.8 GPA or higher. Students must submit an online application, transcript, and 500-1,000 word essay.