Average Annual Tuition at Kentucky Mountain Bible College
The latest data we have for Kentucky Mountain Bible College's annual average net costs are from 2018. These costs and and the average Kentucky schools include tuition, fees, living expenses, books, and fees minus the average grants and scholarships for federal financial aid recipients.
|In-state Tuition||Out-of-state Tuition||Median Debt||Avgerate Net Cost|
|Kentucky Mountain Bible College||$9,460||$9,460||$0||$12,365|
As you can see, annual costs at Kentucky Mountain Bible College have risen over the last few years, and are projected to continue to skyrocket based on our analysis.
Actual Costs Projected Costs
Colleges and universities across the United States experienced cost (tuition + living) increases of 2.5% in 2019. This most recent inflation figure was down slightly from the 2.9 percent in 2018 and 3.4 percent in 2017, but still underscores the rising costs of sending your children to higher education.
These rising costs are hitting closer to home in Kentucky as well. Kentucky's' higher education costs rose by 39.9% in just the last 10 years, ranking as the 22nd highest state.
Kentucky Mountain Bible College Financial Assistance
49% of students enrolled at Kentucky Mountain Bible College receive some form of Federal loan assistance. You can view Kentucky Mountain Bible College's student aid calculator here.
Use a 529 Plan to Offset Rising Education Costs
One of the most sound investments you can make to help pay for your child's higher education is by using a 529 plan. These funds grow in a tax-free environment, and generally have a 3-5% rate of return. The only catch is that all funds need to be used for higher education, and if not... there are monetary penalties imposed when withdrawn for other uses.
Kentucky's 529 plan, KY Saves 529, is managed by Ascensus College Savings and features an age-based option, four static options, and an FDIC-insured option. Kentucky’s 529 prepaid program (KAPT) was closed to new enrollments at the end of 2004.
|State Plan Name:||Kentucky Education Savings Plan Trust|
|Maximum Contribution:||up to $350,000 for all 529 accounts you have.|
|Fees:||Age-based investment funds have a total asset-based fee of 0.60% per year. Multiple-fund investment options range from 0.54% to 0.91% depending on the investment type.|
Kentucky School Statistics
We've analyzed all other higher education schools in KY, and wrapped it up nicely into a report for you. View our KY analysis report.
There are 34 other accredited private schools located in the state of Kentucky. You can view all KY schools here.