General Information  

• General Information
• Dependency Status
• Eligible Programs
• Industrial Trades
• Pell Grant Eligibility

Financial Aid Programs  

• Grants
• Loans
• MI Financial Aid
• Scholarships
• Work Study Programs
• Financial Aid Packaging
• Pell Grant Calculator

Maintaining Financial Aid  

• Terms & Conditions
• Academic Progress Standards
• Reporting Other Assistance

No, it’s not required that you apply for admission before filing for aid; however, it is strongly suggested so we have your current name, address, and phone number.

Yes, you will need to reapply every academic school year for financial aid.

File it electronically over the Internet at www.fafsa.gov

Use the income of the parent for you currently reside with or the parent who provides the majority of support for you. FINANCIAL AID REFERENCE 13

Yes. It does not matter if you live with them or not. If you do not meet the federal definition of an Independent Student, you are required to supply parent information on the FAFSA.

Yes.

As of the day you are completing the FAFSA, your marital status would be seperated. If a joint tax return was filed, you will need to submit that with copies of your W2 forms. If you become separated after filing the FAFSA, please check with our office about correcting the information.

KCC’s Financial Aid office will need to have the FAFSA information submitted by the student in order to begin the process of financial aid eligibility determination. Students may either:

1. Go online to the FAFSA web site www.fafsa.gov and update completed FAFSA with the KCC School Code: 002276.
2. Call 1-800-433-3243 and request that KCC’s school code is added.

You can list KCC as a school choice on the FAFSA so we receive the information electronically. See process outlined in question 8.

Students can apply no sooner than January 1, for the upcoming Fall semester and no later than June 30, for the current academic year.

Under the law, some students who have drug-related convictions may be ineligible for federal student aid. For help answering question 31 on the FAFSA, please call 1-800-4-FED-AID (1-800-433-3243) or go to www.fafsa.gov.

The Financial Aid office has a special consideration form for students to fill out when there is a dramatic change in income. It can have a significant affect in the amount of aid a student receives. Please contact our office for more information.

The student’s file must be complete and awarded before aid can be applied to a student’s account. Financial aid program disbursements are applied to tuition and fee charges on student accounts sometime during the first few weeks of each semester. The exact disbursement date for each semester is determined prior to the start of the academic year. Direct loan payments may be disbursed at a later date. See Disbursement of Financial Aid on pages 7-8 for more information.

No, we do not need your state and city income tax returns. Federal tax returns are required for the verification process. Additional documents will be requested that are needed to complete the student’s file.

The award notification tells you what type of aid you are awarded and the dollar amount. Unless you are declining aid or decreasing a loan amount, you do not need to do anything.

The Electronic Master Promissory Note (EMPN) is the legal document you sign stating you will repay your William D. Ford Federal Direct Loan.

A student with less than 24 credit hours completed may borrow $3,500, if eligible. A student with more than 24 credit hours completed may borrow $4,500, if eligible. Dependent students may borrow up to an additional $2,000, Independent students may borrow up to an additional $6,000, if eligibile.

A subsidized loan is the type of loan where the student makes no payments as long as they are enrolled in six credit hours. The interest and principal are deferred. An unsubsidized loan works the same way except the student is responsible for paying the interest while attending classes.

All loans are disbursed in two payments. For a one-semester loan, one half is disbursed at the beginning of the semester and the second half at mid-semester. A one-year (two-semester) loan is disbursed half in the first semester and half in the second semester.
The interest rate is capped at 8.25%.

A Disclosure Notice is mailed directly from the Loan Servicing Center to notify the student of anticipated disbursement dates and the amounts. Contact the Direct Loan Servicing Center at 1-800-848-0979.

If there is a financial aid award on the system and the books are available, the bookstore and website will publish the time frame.

Contingent upon funding availability, students must go online at www.michigan.gov to certify the Michigan Merit Award. Once the school receives roster with student’s name, the award is put on KCC’s system.

Check with your tax preparer for more information regarding this.

No. Students in default on a federal student loan are not eligible for any federal or state financial aid. Students must make six consecutive payments on a defaulted loan and make satisfactory payment arrangements with the Department of Education to regain eligibility for aid. Students must present the Financial Aid office with official notification from the Department of Education that they are no longer in default to receive Title IV aid.

002276

If you don’t already have a PIN, apply for one at www.pin.ed.gov. You’ll need a PIN to electronically sign your FAFSA. If you’re a dependent student, at least one parent must also apply for a PIN so they can electronically sign your FAFSA.