Q. What forms do I need to complete?
A. The Free Application for Federal Student Aid (FAFSA) is the single application needed for consideration of federal, state, and college need-based aid programs. The FAFSA is available beginning October 1st of the year prior to which you plan to enroll. We recommend completing the FAFSA by February 15th . You may complete the FAFSA on the web at www.fafsa.ed.gov, by using the myStudentAid app, or on a hard copy. FAFSA forms are also available from the Department of Education.
Q. Do I have to wait until I am accepted to King's before I apply for aid?
A. Students can apply before they receive their 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.
Q. What is the King's College deadline date for financial aid applications?
A. King's College has a preferred filing deadline of February 15th 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 15th.
Q. Does King's College offer academic scholarships and how do I apply?
A. Yes, King's College offers academic scholarships. All students are evaluated for academic scholarship at the time of acceptance. No additional applications are required.
Q. What is the King's College federal school code for the FAFSA?
Q. What are my chances of receiving financial aid and/or a scholarship at King's College?
A. Over 99% of the Fall 2019 freshman class received some type of assistance from King's College. 87% of those freshmen who applied and were eligible received need-based aid.
Q. How is financial need determined?
A. 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 at all colleges and universities. Therefore, it is likely that a student will receive more assistance at a higher cost private institution compared to a less expensive public college because the student's 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 enrolled in college. You may get an estimate of your EFC on the internet at: www.finaid.org/finaid/calculators/finaidestimate.phtml
Q. What financial aid is available at King's College?
A. There are many different programs available including the King's College scholarships and need-based grants, federal campus-based programs such as SEOG Grants and Federal Work-Study, the Federal Pell Grant and Federal Direct Stafford Loan and PLUS Loans. Most King's College students receive a combination of merit-based scholarships, need-based grants, need-based loans and student employment. Go to scholarship and financial aid for a complete listing of aid programs at King's.
Q. Is there an income cut-off for financial aid?
A. 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 taken into account, such as household size, number in college, and the age of the oldest parent. We strongly recommend that all students complete a FAFSA, in order for their eligibility to be evaluated.
Q. When and how will I find out how much aid I can receive?
A. In late November, the Financial Aid Office 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.
Q. What if my family's financial situation changes after we've completed the applications?
A.Contact the Financial Aid Office and we'll advise you 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.
Q. If my parents are divorced or separated, whose information is reported on the financial aid applications?
A. 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.
Q. Will I receive the same amount of financial aid each year?
A. King's College scholarships and grants will be renewed for each year that you are a full-time undergraduate as long as you continue to meet satisfactory academic progress requirements. Eligibility for federal and state aid will be reevaluated each year. You will be required to complete a Renewal FAFSA each year so that eligibility for federal and state aid can be determined. Eligibility may change as information on the FAFSA changes from one year to the next.
Q. What happens if I receive outside scholarships?
A. You must notify the Financial Aid Office of any outside scholarships you've been awarded. We need to know the source and amount of the scholarship and if it is a renewable or 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.