MBC's Financial Philosophy

MBC's philosophy is that an education which prepares students for Christian service should not be available only to those who choose to go into debt or to those who can afford it by their own means. Nor should graduates be hindered in their ministry endeavors by student loan payments. Furthermore, MBC believes it is important to help committed students complete their educations, not just begin them. That is why MBC has chosen to keep its tuition cost low and why students who pursue financial aid tend to receive more assistance the longer they attend MBC.

Montana Bible College operates on a no-debt policy. Our campus is completely paid for. And we seek to pass along to our students principles of good stewardship. This is why students must pay their bills at MBC in full before enrolling for another semester.

Title IV Eligibility

For the sake of clarity, please be advised that MBC has deliberately chosen not to participate in the federal financial aid program. The College wishes to remain free of any dependency on federal aid money, to avoid the “strings” that come attached to the federal aid program, and to do all in its power to protect its students from becoming encumbered with indebtedness.

Even without participating in the federal aid program, Montana Bible College is still able to benefit from being eligible . Montana Bible College is recognized as an eligible institution under the Higher Education Act of 1965 (HEA), as amended, so its students may receive deferments under federal student loan programs, and so the institution may apply to participate in federal HEA programs other than student financial aid programs, including the Hope and Lifetime Learning Tax Credits. This means that MBC's students receive the following benefits:

•  MBC students may defer payment of student loans they've incurred while attending other schools.

•  MBC students are able to take advantage of the tax benefits of attending a federally eligible institution, including deducting funds spent on tuition at MBC. MBC issues form 1098-T to each student at the end of the calendar year to provide proof of expenses and scholarship income related to attendance at Montana Bible College .

•  MBC students are able to use Hope and Lifetime Learning credits (IRS Form 8863).

•  MBC students may be eligible for regional and national scholarships that are only available to students attending federally eligible institutions.