Current and prospective students are encouraged to complete the Free Application for Federal Student Aid (FAFSA) annually as soon as possible after January 1st. Students who submit a FAFSA expand their financial aid opportunities, regardless of their demonstrated financial need. The FAFSA determines eligibility for grants & need based scholarships as well as direct student loans and student employment through the Federal Work Study Program.
The FAFSA consists of questions regarding your finances, as well as those of your family; these are entered into a formula that determines the Expected Family Contribution (EFC). A number of factors are used in determining the EFC including family size, income, number in college, and assets (not including retirement and 401K). This information is required because of the expectation that parents will contribute to their child’s education.
Upon completion of the FAFSA, you will be sent a Student Aid Report (SAR). You should review the SAR carefully for any necessary corrections. An electronic version of the SAR is sent to the schools you select on the FAFSA. The information is also sent to state agencies that award state need-based aid. Schools may award aid on a first-come, first served basis, therefore it is strongly recommended that you complete the FAFSA as early as possible after January 1st each year for consideration for maximum financial assistance.
To begin, apply for your FSA ID which is your access to apply, sign and make corrections to your FAFSA. Remember, the first F in FAFSA stands for FREE, and as such both the FAFSA site and the FAFSA application itself do not cost anything to complete—do not pay any fee to file the FAFSA.
|Student Aid Program||Types of Aid||
Annual Award Limits
|Federal Pell Grant||Grant||Need based financial aid for undergraduate students. Does not have to be repaid.||
|Federal Supplemental Education Opportunity Grant (FSEOG)||Grant||Available to Pell Grant eligible undergraduate students depending on funding availability. Does not have to be repaid.||
|Federal Work Study||Money earned while attending college||Available for undergrad and graduate students; jobs on or off campus depending on funding availability.||
|Federal Perkins Loan||Loan||Low interest Loan (5%)Depends on availability*||
|Federal Direct Loan||Loan||Loan available for undergraduate and graduate students; must be enrolled at least half time to be eligible; must demonstrate financial need to qualify for Subsidized direct loan, which is determined by your FAFSA.||Subsidized Direct Loan
*$3,500 – $5,500
*Depending on your year in school.Unsubsidized Direct Loan
*$5,500 – $20,500
*Depending on your year in school.
|Federal PLUS Loan||Loan||Available to parents of Dependent undergraduate students (PLUS) and to graduate & professional students (Grad PLUS) enrolled at least half time||Maximum loan amount is the cost of attendance minus any other financial aid.|
*As of October 1st, 2015, the Federal Perkins program has expired. Only grandfathered students will be eligible to be awarded contingent upon funds being available. Please see your financial aid counselor if you have questions.
- Kentucky Tuition Grant (KTG) Up to $2,910 available to Kentucky residents who attend a private college or university in Kentucky
- College Access Program Grant (CAP) Up to $1,900 available to Kentucky residents who are Pell Grant eligible
Your Kentucky Educational Excellence Scholarship (KEES) award is included in your comprehensive offer of financial assistance.
The Kentucky Educational Excellence Scholarship (KEES) provides Kentucky high school students with an opportunity to earn money towards an education in an eligible Kentucky postsecondary institution by maintaining a GPA of 2.5 or higher for each year of high school. There is also an added bonus for ACT or SAT scores. For more information on KEES or to check your KEES Award online, please visit www.kheaa.com.