How you finance your education is a key factor in your decision to pursue a degree. The cost of higher education with or without scholarships or financial aid can seem daunting. Most graduates, however, realize the benefits of their degree over their lifetime and see the worth of the initial investment. At LBC, we are committed to help keep our costs down and to assist students to find options to finance their education.
In this section, we will explain the difference between “tuition” and the “cost of attendance,” provide detailed information on how to finance your education using scholarships and grants, as well as directions on how to apply for federal and state aid.
LBC is a great value compared to many other accredited Christian and secular independent colleges. We keep tuition costs below the national average while delivering a purposeful, Bible-centered education. Above all, have faith. You can afford it!
Direct Questions to Financial Aid at:
717.560.8254 | globalfinaid@lbc.edu
LBC Participants in the Post 9/11 GI Bill® Yellow Ribbon Education Enhancement Program.
To learn more about using your military benefits at Lancaster Bible College, click here.
*GI Bill® is a registered trademark of the U.S. Department of Veterans Affairs (VA). More information about education benefits offered by VA is available at the official U.S. government Web site at www.benefits.va.gov/gibill.
The “cost of tuition” shows how much it costs per credit hour to attend online classes at LBC. Your tuition cost and fees are costs paid directly to LBC.
| Full Time Tuition Cost | Part Time Tuition Cost |
| $395 per credit hour (15% discount) 12 credits per term |
$455 per credit hour less than 12 credits |
The cost of attendance is an estimate of the expenses you may incur during the academic year. It combines the direct expenses like tuition/fees and the indirect costs mentioned above to best estimate what it will cost you to attend LBC for the 2024-2025 academic year (typically includes fall and spring terms). This COA chart provides an average of estimated expenses a fulltime student (carrying between 12 credits per term) could incur during an academic year. Your academic year is determined by your program of study, the online modality and number of credits. The federal government has provided guidelines on how colleges, like LBC, calculate their COA, click here to read the COA details.
NOTE: Green =direct costs paid to LBC, Black = indirect costs that may incur.
| COA for Two Full-time Terms (fall/spring, 12 credits per semester)* |
Amount |
|---|---|
| Tuition | $9,480 |
| Fees | $350 |
| Books & Supplies | $970 |
| Food | $3,007 |
| Housing | $7,017 |
| Transportation | $2,042 |
| Personal | $6,497 |
| Bank Fees (Federal Student Loan Borrowers) | $66 |
| Total | $29,429* |
All programs may contain both institutional and non-institutional fees (such as licensure.) Please contact the financial aid office for questions about individual program related fees.
*Cost of Attendance (COA) is based on 9 months of enrollment, taking summer classes will increase COA.
Grants and scholarship funds are to be used to defray the costs of tuition, books and other expenses directly tied to a student’s educational cost through the college.
Please read the descriptions below to find out if you are eligible and how to apply. Email LBC’s Financial Aid Office, globalfinaid@lbc.edu, if you need to speak with a financial aid specialist.
Capitol Scholarship Program
Department of Higher Education
61 Woodland Street
Hartford, CT 06105-2326
860.947.1855
Delaware Higher Education Commission
Carvel State Office Building
820 North French Street
Wilmington, DE 19801-3509
302.577.3240
Finance Authority of Maine
Maine Education Assistance Division
5 Community Drive
P.O. Box 949
Augusta, ME 04332-0949
207.623.3263 or 800.228.3734 (within ME)
Maryland Higher Education Commission
6 North Liberty Street
Baltimore, MD 21201
800.974.0203
Massachusetts Office of Student Financial Assistance
454 Broadway
Suite 200
Revere, MA 02151
617.727.9420
Ohio Board of Regents
Ohio Instructional Grant (OIG)
State Grants and Scholarships Department
P.O. Box 182452
Columbus, OH 43215-2452
614.466.7420 or 888.833.1133
Rhode Island Higher Education Assistance Authority
560 Jefferson Boulevard, Suite 100
Warwick, RI 02886
401.736.1170
Vermont Student Assistance Corporation
Champlain Mill/Grant Department
P.O. Box 2000
Winooski, VT 05404-2601
802.655.9602
West Virginia Higher Education
1018 Kanawha Boulevard, East Suite 700
Charleston, WV 25301-2827
304.558.4618
A tuition discount is offered to students who are a member of Greater Mt. Calvary Holy Church or attend Calvary Bible Institute. Complete the required application. Deadline for submission is two weeks prior to the start of your first class.
Students must complete the Church Matching Scholarship Application. LBC will provide a matching scholarship up to $500 for each the fall and spring terms. Funds from the church must be submitted by August 5 (for fall term) and December 15 (for spring term) in order to be matched. Students must have a minimum 2.0 GPA, be enrolled full-time and be in good standing with the college. Note: Students who receive the Project Bridges Scholarship are not eligible for the Church Matching Scholarship.
The student must be a full-time Christian worker with a minimum of two years in ministry prior to studies at LBC, plus have current full-time ministry employment. A FAFSA is required as well as a Full-Time Christian Ministry Verification Sheet. The scholarship amount ranges from $100-$250 per course depending on EFC. Complete this required application form.
A tuition scholarship awarded to parents of dependent students enrolled in the LBC on-campus undergraduate program. Scholarship is $500 off per course for the first on-campus undergraduate student enrolled; $200 additional off per course if there is a second enrolled student; $100 additional off per course if there is a third enrolled student.
This scholarship is not applicable to doctoral students.
A tuition discount is offered to students who are a member of New Antioch Baptist Church. Complete the required application. Deadline for submission is two weeks prior to the start of your first class.
Students whose church is a member of Project Bridges are guaranteed to receive LBC scholarships that covers a percentage of their annual tuition. Complete the required application. Deadline for submission is two weeks prior to the start of your first class.
Available to veterans of the Armed Forces or National Guard Reservists. Apply through your local VA office. Amounts vary. VA phone: 888.442.4551
For more details about military benefits, click here.
For physically or mentally challenged students. Apply at your local vocational rehabilitation office. Pennsylvania residents: OVR phone: 800.762.6306
Because grants and scholarships are limited, online undergraduate students may need to rely on loans to cover some portion of their college costs. In fact, approximately 80% of LBC’s aid recipients borrow educational loans.
The following steps represent borrowing options, beginning with the best value and proceeding to other, less favorable loan options based on interest rates, loan terms and conditions and repayment options. These loan options may be used alone or in combination with each other.
LBC is committed to providing students and their families with the best information regarding student borrowing. For that reason, we have adopted a Student Lending Code of Conduct.
A federal loan program is available to all students.
Federal Direct Loans are available to eligible students who complete the Free Application for Federal Student Aid (FAFSA). This federal student aid is made available through the William D. Ford Federal Direct Loan Program to help pay for educational expenses. The Financial Aid Office offers a Direct Subsidized or Direct Unsubsidized Loan, or a combination of both loans, based on financial need.
The information you report on your FAFSA is used to determine your Expected Family Contribution (EFC), which is a calculated formula established by law. Your EFC is not equal to the amount you and your family must pay, but rather an index that allows colleges to determine financial need. To determine your financial need, your EFC is subtracted from your cost of attendance.
Annual Subsidized Limits
Annual Unsubsidized Limits
Aggregate Limits
Students and parents who borrow Federal Direct Loans will repay their loans to a Federal Loan Servicer. Students are required to participate in Entrance Loan Counseling prior to their first disbursement of a federal student loan, and will be notified of the requirement to complete Exit Loan Counseling at the time of withdrawal or graduation. Exit Loan Counseling will inform students of their Federal Loan Servicer. This information is also available to students and parents at any point during their education on the National Student Loan Data System.
Detailed information about federal student loans, repayment and deferment is found at studentloans.gov. Students are also encouraged to contact their LBC Financial Aid Advisor with any questions.
If issues arise during student loan repayment that cannot be resolved with the Federal Loan Servicer, students or parents may contact the FSA Student Loan Ombudsman Group. The Federal Student Aid Ombudsman Group of the U.S. Department of Education is dedicated to helping resolve disputes related to Direct Loans, Federal Family Education Loan (FFEL) Program loans, Guaranteed Student Loans, and Perkins Loans. The Ombudsman Group is a neutral, informal, and confidential resource to help resolve disputes about your federal student loans.
FSA Student Loan Ombudsman Group Contact Information:
877.557.2575 | 606.396.4821
FSA Ombudsman Group
P.O. Box 1843, Monticello, KY 42633
An origination fee of 1.057% will be deducted from the gross amount of loan borrowed, so you need to take that into consideration when determining the amount you need to borrow.
It is important to know that loan funds will automatically credit to your student account if the Direct Loan Processor has a valid MPN on file for you, and you have completed loan entrance counseling. After you have registered for classes and your semester has begun, your federal financial aid will disburse into your student account after you have confirmed enrollment in at least six credits. The PA state PHEAA grant will disburse into your student account near the end of the semester.
When your financial aid offer is completed, it will be sent to you via email for review and approval. Please note, you will need to approve, adjust or reject your federal student loans on MyLBC. We have a short video tutorial to help guide you in Approving Aid.
Dropping courses and withdrawing from LBC are academic actions that often have financial implications. It is your responsibility to understand the effects that these actions will have on your student financial aid. Dropping courses after the official add/drop period may result in your financial aid being adjusted. Withdrawal from the college may result in having your financial aid refunded. See page 6 of our Financial Aid Info Book for details.
Online undergraduate program tuition refunds for a 8-week course are granted according to the following schedule:
0-10% of class completed – 100% refund
11-20% of class completed – 90% refund
21-30% of class completed – 75% refund
31-40% of class completed – 50% refund
41-50% of class completed – 25% refund
51-100% of class completed – No refund
No refund
When your total aid is greater than your billable charges for tuition, student service fee and books, you may be eligible for a refund.
After a student’s aid money arrives at Lancaster Bible College, midway through the semester, and it creates a credit balance on their student account, our business office will automatically send a stipend check to the student address on file. LBC has up to 14 business days to process and mail a credit refund.
In order to maintain financial aid eligibility, a student must meet the requirements of Satisfactory Academic Progress.
You can view the requirements on page 7 of the Financial Aid Info Book.