Kenton County School District wants to assist students and parents in searching for Financial Aid and College Scholarship opportunities. Please see information on the Free Aplication For Student Aid (FAFSA) checklist and a list of scholarship links.
The first step in applying for financial aid is the completion of the FAFSA.
www.fafsa.ed.gov - The Free Application for Federal Student Aid is the fundamental qualifying form used for all federal and government-guaranteed commercial lenders' programs - as well as for many state, regional and private student aid programs.
You will need records of income earned in the year prior to when you will start school. You may also need records of your parents’ income information if you are a dependent student.
The following information will be needed.
1. Social Security card
2. Driver’s license
3. W-2 forms and other records of money earned
4. Federal Income Tax Return.
To organize your information, you can print and complete a FAFSA on the Web Worksheet before you begin entering your information online. However, you are not required to do so. FAFSA on the web will guide you through the questions that you must answer, and you can save your application and return to it later if you don’t have the information you need to answer any of the questions.
Keep these records! You may need them again. Do not mail your records to Federal Student Aid.
About Federal Grant And Loan Programs
The federal government sponsors numerous financial aid programs that may help students and their parents pay for college expenses. Below are brief summaries of the more common federal grant and loan programs. Grants do not have to be repaid, but loans do.
· Academic Competitiveness Grant: These grants provide up to $750 for college freshmen and $1,300 for college sophomores. Sophomores must have at least a 3.0 GPA to qualify.
· Federal Pell Grant: Pell Grants provide up to $5,350 for undergraduates.
· Federal Supplemental Educational Opportunity Grant: These grants provide up to $4,000 per year for undergraduate students who have exceptional financial need.
· SMART Grant: These grants are available to college juniors and seniors in certain areas of science, math and foreign language. SMART grants provide up to $4,000 a year.
· Federal Perkins Loan. These loans are for students with exceptional financial need. Undergraduates may qualify for up to $4,000 per year, while qualifying graduate students are eligible for up to $6,000 per year.
· Federal Stafford Loan. Stafford Loans are available to undergraduate and graduate students. The amount students may borrow depends on their year in school.
· Federal PLUS Loan. Parents of dependent undergraduate students may qualify for PLUS Loans, depending on the parents’ credit ratings. The loan amount depends on how much other financial aid the student receives. Graduate students may receive PLUS Loans after all of their Stafford Loan eligibility is exhausted.
The Free Application for Federal Student Aid (FAFSA) is used to apply for all of these programs. Parents or students seeking a PLUS Loan must also submit a separate application.
Students interested in Stafford and PLUS Loans and parents interested in PLUS Loans should be smart consumers. Lenders may charge different fees and have different repayment incentives. Picking the right lender may save students and parents thousands of dollars in fees and interest payments.
To learn how to plan and prepare for higher education, visit www.gotocollege.ky.gov. For more information about Kentucky scholarships and grants, visit www.kheaa.com; write KHEAA, P.O. Box 798, Frankfort, KY 40602-0798; or call (800) 928-8926, ext. 6-7372.
http://www.kasfaa.com/ - Founded in 1966, the Kentucky Association of Student Financial Aid Administrators, Inc. (KASFAA) is a dynamic professional organization established to serve practitioners, users, and providers of student financial aid programs. This effort occurs in an environment of shaping of ideas--thus promoting opportunities, equity, and access in and to higher education. KASFAA sponsors College Goal Sunday. College Goal Sunday offers help to students and families in completing the Free Application for Federal Student Aid application.
www.kheaa.com - The Kentucky Higher Education Assistance Authority (KHEAA) is a public corporation and governmental agency and instrumentality of the Commonwealth established in 1966 to improve students’ access to higher education. To that end, KHEAA administers several financial aid programs and disseminates information about higher education opportunities. The Commonwealth of Kentucky has several financial aid programs that are administered by the Kentucky Higher Education Assistance Authority (KHEAA). The link will provide detailed information about the student financial aid programs administered by KHEAA which are the Kentucky Educational Excellence Scholarship, the Robert C. Byrd Honors Scholarship, College Access Program, Kentucky Tuition Grant, KHEAA Teacher Scholarship, Early Childhood Development Scholarship, Mary Jo Young Scholarship, Osteopathic Medicine Scholarship, KHEAA Work-Study, Kentucky Education Savings Plan Trust, and Kentucky’s Affordable Prepaid Tuition.