Financial Aid FAQ

What forms do I need to complete?

The Free Application for Federal Student Aid (FAFSA) is the single application needed for consideration of federal, state, and institutional need-based aid programs. The FAFSA is available beginning October 1 of the year prior to which you plan to enroll. We recommend completing the FAFSA by February 15, which you can do conveniently online, by using the myStudentAid mobile app, or with a paper application available from the Department of Education.

Do I have to wait until I am accepted to King's before I apply for aid?

You can apply before you receive your offer of acceptance, but you will not receive a Financial Aid Offer letter until you are accepted. We encourage you to apply even if you are not accepted yet, so that we may process your aid application as soon as possible upon your acceptance.

What is the King's College deadline date for financial aid applications?

King's College has a preferred filing deadline of February 15 for incoming first-year students. We ask that you file early so that we can obtain the results of your FAFSA and notify you of your eligibility beginning in late November. All returning students are asked to complete their applications by April 15.

Does King's College offer academic scholarships, and how do I apply?

Yes, King's College offers academic, merit-based scholarships, and all students are evaluated for at the time of acceptance. No additional applications are required.

What is the King's College federal school code for the FAFSA?

003282

What are my chances of receiving financial aid and/or a scholarship at King's College?

All first-year students receive some type of assistance from King's College. In 2021-22, our average gift aid was $24,141 with an average first-year Financial Aid Offer of $32,613.

How is "financial need" determined?

Financial need is determined by subtracting your EFC (Expected Family Contribution, as determined by the FAFSA) from the total cost of education for the year. Since cost varies among colleges and universities, your need will also vary from one institution to another. Your EFC, however, will remain the same. Therefore, it is likely that you could receive more assistance at a higher cost private institution compared to a less expensive public college because your financial need will be higher at a private institution. The EFC is influenced by many factors, including parents' and student's income and assets, the household size, and the number of family members enrolled in college. Use this convenient tool to estimate your EFC online.

What financial aid is available at King's College?

There are many different programs available including King's College merit scholarships and need-based grants; federal campus-based programs, such as SEOG grants and federal work-study; the federal Pell grant; and Federal Direct loans and PLUS loans. Most King's College students receive a combination of merit-based scholarships, need-based grants, need-based loans, and work study.

Is there an income cut-off for financial aid?

No, there is no income cut-off for financial aid. While income is a factor when determining eligibility for need-based aid, there are other factors also considered, such as household size, number of family members in college, and the age of the oldest parent. We strongly recommend that all students complete a FAFSA to determine their eligibility.

When and how will I find out how much aid I can receive?

In late November, the Office of Financial Aid will begin to send out Financial Aid Offer letters to students who have been accepted for admission and have completed the FAFSA. You will also receive a brochure explaining, among other things, the aid programs, requirements for their continued receipt, and cost. We will continue to mail award letters on an ongoing basis, as students are accepted, and their financial aid files become complete.

What if my family's financial situation changes after we've completed the applications?

Contact the Office of Financial Aid, and we'll advise you on what you need to do to be evaluated based on the change in circumstances. You will most likely have to complete some additional forms and provide supporting documentation. But as a result, you may be eligible for additional resources.

If my parents are divorced or separated, whose information is reported on the financial aid applications?

Dependent students are required to provide their parent(s) tax information on the FAFSA. For reporting purposes, "parent" means your legal (biological or adoptive) parent and/ or stepparent, or a person determined to be your legal or custodial parent.

Will I receive the same amount of financial aid each year?

King's College scholarships and grants will be renewed for each year that you are enrolled as a full-time undergraduate and as long as you continue to meet satisfactory academic progress requirements. You will be required to complete a Renewal FAFSA each year so that eligibility for federal and state aid can be reevaluated. Eligibility may change as information on the FAFSA changes from one year to the next.

What happens if I receive outside scholarships?

You must notify the Office of Financial Aid of any outside scholarships you've been awarded, as King's College will need to know the source, amount, and if it is renewable or a one-time only award. Outside scholarships will first be used to meet any unmet financial need. If the financial need has been met and the student is receiving federal and/or state aid, the outside award will first be used to reduce or replace federal loan or work-study eligibility. Outside awards will not reduce or replace any King's College merit-based scholarships.