Affording College

How to Apply

Eligibility Requirements

In order to determine your financial aid eligibility, you must be fully admitted to SKYCTC. You must also complete the FAFSA each year. You will not be awarded federal financial aid until your file is complete in the SKYCTC Office of Financial Aid. All estimated awards are awarded under the assumption of full time enrollment. Aid will be prorated or reduced depending on the actual number of hours you are enrolled.

Basic eligibility requirements for federal aid are as follows:

demonstrate financial need;
be a U.S. citizen or an eligible non-citizen;
have a valid Social Security number;
register with Selective Service, if you are male between the ages of 18 and 25;
maintain Satisfactory Academic Progress (SAP) as defined by KCTCS;
show you are qualified to obtain a post-secondary education by completing one of the following: a high school diploma or GED, or completed a high school education in a home school setting approved under state law,
be working toward an approved degree or certificate;
not be in default on a federal student loan or owe a Title IV repayment.

Steps to Apply for Financial Aid/ Completing the FAFSA

Remember, applying for Federal Student Aid is FREE!

Applying for financial aid starts with a single application called the FAFSA. Students are automatically considered for all forms of federal financial assistance by completing the following steps:

How to create a FSA ID:

The FSA ID a username and password has replaced the Federal Student Aid PIN and must be used to log in to certain U.S. Department of Education websites. Your FSA ID confirms your identity when you access your financial aid information and electronically sign Federal Student Aid documents. If you do not already have an FSA ID, you can create one when logging in to the National Student Loan Data System (NSLDS ) at www.nslds.ed.gov, www.studentLoans.gov, or www.StudentAid.gov.

Step 1 - When logging in to one of the websites listed above, click the link to create an FSA ID.
Step 2 - Create a username and password, and enter your e-mail address.
Step 3 - Enter your name, date of birth, Social Security number, contact information, and challenge questions and answers.
Step 4 - If you have a Federal Student Aid PIN, you will be able to enter it and link it to your FSA ID. You can still create an FSA ID if you have forgotten or do not have a PIN.
Step 5 - Review your information, and read and accept the terms and conditions.
Step 6 - Confirm your e-mail address using the secure code, which will be sent to the e-mail address you entered when you created your FSA ID. Once you verify your e-mail address, you can use it instead of your username to log in to the websites. You can use your FSA ID to sign a FAFSA right away. Once the Social Security Administration verifies your information in one to three days, or if you have linked your PIN to your FSA ID, you will be able to use your FSA ID to access the websites listed above.

Complete the FAFSA (Free Application for Federal Student Aid).

File your FAFSA as soon after October 1st as possible or as early as possible before the semester you want to begin classes.

The FAFSA will ask you to provide federal school codes for the schools you want your FAFSA information sent to. SKYCTC's Federal School Code is: 005271

Once SKYCTC receives your FAFSA information, you will receive a FAFSA Acknowledgment email (to the email address you listed on the FAFSA) stating the information you entered has been delivered to the college.

Then check your "To-Do List" on your SKYCTC Student Self-Service page. Your To-Do List will contain the necessary items needed to complete your file.

If your To-Do List contains any items, those must be completed before your financial aid can be awarded.

Verification Process

Students that were selected for the verification process after submitting their FAFSA now have a new way to complete verification. The verification process will be completed online – all forms and submissions will be uploaded into your student portal. If you have an item on your to-do list called FINANCIAL AID ISSUE you will need to open and click on the hyperlink in the details. After clicking the hyperlink you will be taken to your student portal to have access to your forms. Need help? Please visit your local financial aid office or call us at (855) 246-2482

Receiving Aid

You can only receive financial aid from one school at a time. If you are enrolled at SKYCTC and another school, you may be able to set up a consortium agreement between the schools. With a consortium agreement, you can combine the hours at both schools to determine your financial aid eligibility. For example, if you are enrolled at SKYCTC for nine credits and WKU for three credits, you could receive financial aid from SKYCTC as a full time student:9 credits + 3 credits= 12 credits.

How Your Awards Are Determined

Financial aid programs were created with the idea that the primary responsibility for paying college costs rests with the student and his or her family. The amount of aid for which you are eligible depends on your family s financial circumstances and resources.

Factors impacting the amount and type of financial aid you are offered include:

Your estimated Cost of Attendance (COA)
Your expected Family Contribution (EFC)
Your Financial Need (COA minus EFC)
Timing of your application
Your willingness to accept various types of financial aid
The availability of funds

Cost of Attendance (COA)

Your Cost of Attendance, also known as the student budget, is based on a number of components:

Direct College Related charges
- Tuition and mandatory fees

Estimated Indirect Expenses
- Transportation
- Books and Supplies
- Miscellaneous Personal Expenses
- Off Campus Room and Board

Your COA, or budget, will vary depending on your Kentucky state residency status and Dependency status.

Expected Family Contribution (EFC)

When you complete financial aid application (FAFSA), the processing agency uses the information you supply to assess your family's financial situation and calculate an estimated/expected family contribution (EFC) for you.

Your EFC is an estimate of the amount that you and your parents might be expected to contribute toward the costs of your education. Your EFC is provided to you on your Student Aid Report (which you can view on the application website after your FAFSA has been processed). NOTE: The EFC is NOT the amount you owe to your college. This is the number that s used to determine your eligibility for federal student financial aid. This number results from the financial information you provide in your FAFSA, the application for federal student aid. Your EFC is reported to you on your Student Aid Report (SAR).

Financial Need

Once your EFC has been determined, the amount of federal, state, and institutional need-based aid you are eligible to receive is calculated using the following equation:

Cost of Attendance (COA)
Expected Family Contribution (EFC)
Other Financial Resources (private scholarships, fee waivers, etc.)
Equals Financial Need

The result is your financial need, which provides us with your eligibility for need-based aid. While this number represents the amount of aid you are eligible to receive based on your costs and your financial resources, the amount of aid that you will actually be awarded depends on the financial aid funds available in any given year.

The awards in your financial aid package are determined by the Financial Need formula above, and will consist of the maximum amount of subsidized and unsubsidized aid for which you qualify.

NOTE: Federal and Kentucky State Student Aid regulations require that your total financial aid cannot exceed your total Cost of Attendance.

If you are receiving additional funding from other sources, such as scholarships, we are required by the Federal and Kentucky State Student Aid Regulations to consider these resources when determining your awards. If all sources of funding do not show on your award offer, you must notify our office in writing of the amount and source of the award.