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.
KMBC ACADEMIC SCHOLARSHIP
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)
KMBC CHARACTER DEVELOPMENT SCHOLARSHIP
Amount: $1,606.50 (no minimum GPA requirement)
Eligibility: Must participate in a KMBC approved mentorship or discipleship group.
KMBC MUSIC SCHOLARSHIP
Amount: $1295/semester
Eligibility: Must be accepted to KMBC and demonstrate an exceptional music ability. An audition with the Music Department is required.
KMBC SUMMER COUNSELING SCHOLARSHIP
Amount: $3650
Eligibility: Summer Counselors are chosen by KMBC
KMBC SUMMER MUSIC SCHOLARSHIP
Amount: $3650
Eligibility: Must be accepted to KMBC and demonstrate an exceptional music ability. An audition with the Music Department is required.
TURNER EDUCATIONAL FOUNDATION SCHOLARSHIP
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
Email: lesley@TurnerEducationalFoundation.org
Web Page: https://www.turnereducationalfoundation.org
Application Deadline: Application must be received by April 30th for following academic year
ADDITIONAL SCHOLARSHIP AND INFORMATION RESOURCES:
www.fafsa.ed.gov
www.collegeanswer.com
www.collegeboard.com
www.studentaid.ed.gov
www.fastweb.com
www.accessscholarships.com
www.finaid.org
Financial Assistance & Discount Guide For Low Income Students, DealAid.org
OUTSIDE SCHOLARSHIPS AND INFORMATION (provided for reference only):
MoneyKey Scholarships
www.moneykey.com/scholarship.php
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 Scholarships@AbacusLife.com 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.
FEDERAL PELL GRANT
Amount: $7,395 (2023/2024)
Eligibility: Eligibility based on the FAFSA.
Application: www.fafsa.ed.gov
FEDERAL SEOG GRANT
Amount: Minimum $200 per year for 0 EFC students
Eligibility: Eligibility based on the FAFSA.
Application: www.fafsa.ed.gov
KMBC ENDOWMENT GRANT
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.
Application:
– 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.
SUBSIDIZED DIRECT LOAN
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
Application:
– Accept loan offers through Populi
– Complete Entrance Loan Counseling at www.studentloans.gov
– Complete an MPN at www.studentloans.gov
– 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.
UNSUBSIDIZED DIRECT LOAN
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
Application:
– Accept loan offers in Populi
– Complete Entrance Loan Counseling at www.studentloans.gov
– Complete an MPN at www.studentloans.gov
– 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.
PLUS (PARENT) DIRECT LOAN
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
Application: www.studentloans.gov
Interest Rate: see here for current rates and fees
DIRECT LOAN CONSOLIDATION
Description: Borrowers are able to combine subsidized and unsubsidized loans into one loan.
Application: Visit Direct Loan Servicing Center for loan consolidation information.
FEDERAL STUDENT LOAN INFORMATION
Through StudentAid.gov 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
FEDERAL STUDENT LOAN OMBUDSMAN
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.
Internet: ombudsman.ed.gov
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
PRIVATE STUDENT LOANS
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.
FEDERAL WORK STUDY
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
KMBC WORK STUDY (STEP)
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
OUTSIDE SCHOLARSHIPS
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.
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