Title IV Aid Offer Policy
All Title IV funds are offered based on the information received from the FAFSA. You must complete the FAFSA to be eligible.
Once the FAFSA is received by the Financial Aid Office, students who are fully admitted and not selected for verification are offered. Students who are selected for Verification will need to complete additional documentation before they can be offered. Required documents can be found on the Student Aid Report provided by Federal Student Aid upon completion of the FAFSA. The Financial Aid Office emails required verification documentation to the student’s KCC and non-KCC email addresses.
All offered aid items are made based on full-time attendance. Pell Grants will be adjusted for students who are attending less than full-time. Federal Loans require at least a half-time enrollment
Based on a student’s enrollment and living arrangements, an estimated Cost of Attendance (COA) will be assigned for packaging purposes. The COA includes the following items and an example is given for a full-time, dependent student living on campus. Amounts are just for illustrative purposes only:
- Tuition and Fees $9,315
- Books $600
- Personal expenses $4,050
- Transportation cost $3,020
- Room and Board $8,900
The Estimated Family Contribution (EFC) is subtracted from the COA to determine each student’s demonstrated financial need.
COA – EFC = NEED The sum of all need based offered items will not exceed the need of the student. The sum of all aid items (need and non-need) will not exceed the COA.
The packaging methodology for undergraduate students:
PELL Grants will be automatically offered based on the student’s Expected Family Contribution (EFC) and the PELL tables published by the U.S. Education Department.
All scholarship awards received by the student are offered upon approval.
Students are also offered Direct Subsidized Loans and Direct Unsubsidized Loans based on remaining eligibility. Students who wish to use the loans must be enrolled for at least 6 credit hours. First-time borrowers are required to complete the Master Promissory Note and the Entrance Counseling before funds can be disbursed.
Financial aid is disbursed in two equal disbursements. The first disbursement is done roughly 30 days after the first day of the semester and the final disbursement is completed at the mid-point of the semester.
