97% of all undergraduate students receive financial aid.
Annual costs for traditional undergraduate students (2017-18):
Room & Board: $8,750
First Year Experience Fee (new students only): $300
Use our Net Price Calculator to determine your financial aid and tuition fees.
Estimate your cost
If you’re like most of our students, you’ll have to seek financial aid. The LBC Financial Aid Office can help.
Together, we’ll explore which funding sources match your eligibility and need. We’ll also help you complete all the necessary paperwork and answer any questions you may have. We’re here to put your financial worries to rest.
You should know 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!
"The financial aid department at LBC went above and beyond as they worked hard to make my education at LBC possible..."
The financial aid department at LBC went above and beyond as they worked hard to make my education at LBC possible. I came to LBC knowing that I would need as much financial assistance as I could get. My parents didn’t make much money as they were both in full-time ministry, so loans and scholarships were the key to my education. From freshman year all the way through senior year, the financial aid department, and specifically Beth Kachel, worked side by side with me, making sure I was educated about loan repayment and aware of scholarship opportunities. I remember a time when I had a meeting with Beth and explained to her how my parents had lost their jobs and my financial situation was in complete limbo. Without skipping a beat, Beth assured me that she would do everything she could for me to make up for the lost income. Later on, when the awards letter came out at the end of the semester, through the work of the financial aid team and the grace of God, I owed less then I had previously. Whenever I hear of someone who has a financial need, I always respond by suggesting they set up a meeting with financial aid. Their hard work, dedication, and love for the students here at LBC made my education and the education of so many others possible.
- Thomas Heotzler (’18)
Watch this video to help you understand how to create your Federal Student Aid ID that you will use throughout your educational experience. Make sure to save your user name and password for future use.
Complete your Free Application for Federal Student Aid (FAFSA) as soon as possible after January 1. Lancaster Bible College's federal school code is 003285.
Expected Family Contribution. 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.
There are many grants available to undergraduate students. Start your financial aid search by exploring grants first – these don’t have to be repaid. Please read the description of each to find out if you are eligible and how to apply. Email LBC’s Financial Aid Office if you need to speak with a financial aid specialist.
There are several types of scholarships available for new, incoming students and continuing students. Most require that students maintain a certain GPA and good standing with the college.
Because grants and scholarships are limited, many students must rely on loans to cover at least some portion of college costs. Undergraduate and graduate students, as well as parents of undergraduate students may borrow money for education. In fact, approximately 80% of LBC’s aid recipients borrow educational loans.
The following loans 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. Select the loan links below for more information about each option.
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.
LBC has many campus jobs available, funded through the Federal Work Study program. It’s a great way to earn money during the course of the semester to help offset text book costs and living expenses.
Federal Work-Study is a student financial aid program for eligible undergraduate students with high financial need.
As with all aid programs, work-study recipients must maintain federal student aid eligibility requirements.
The LBC financial aid office is here to assist you throughout the entire application process.