Compare award letters to find best college deal

Financial Aid Tip of the Month, April 2015

By now, most high school seniors should have completed the college application process and will begin receiving financial aid award letters. Seniors and their parents should compare those letters to find the one that offers the best financial aid package, the Kentucky Higher Education Assistance Authority (KHEAA) advises.

The letter will usually show the total cost of attendance — what that school costs for one year, including tuition, fees, room, meals, books, supplies, transportation and personal expenses.

It may also show how much the student’s family is expected to pay toward those costs, the expected family contribution (EFC). The EFC is subtracted from the total cost of attendance to get a student’s financial need. The letter will then list various sources of financial aid offered to pay for the costs not covered by the EFC. Students can accept or reject any or all of those proposed sources.

Students can also appeal the awards made if they believe their family’s financial circumstances have changed.

One consideration is how much of the aid being offered is in federal student loans, which will have to be paid back after a student finishes school. If the package includes federal loans and isn’t enough to pay all expenses, students may be looking at a private loan. Comparison shopping is a must in that case.

KHEAA is the state agency that administers the Kentucky Educational Excellence Scholarship (KEES), need-based grants and other programs to help students pay their higher education expenses.

To find links to other useful education websites, go to www.gotocollege.ky.gov. For more information about Kentucky scholarships and grants, visit www.kheaa.com; write KHEAA, P.O. Box 798, Frankfort, KY 40602; or call 800-928-8926, ext. 6-7372.

Appalachian Community Health Days
Panco Youth Center - 9626 KY Highway 1482, Oneida, KY

PANCO YOUTH CENTER 425
For more information CLICK HERE or contact the Kentucky Homeplace Community Health Worker for Clay County, Kimberly Smith at 606-599-1039 or [email protected]
Brought to you by:
Kentucky Homeplace and the University of Kentucky Center of Excellence in Rural Health.

ELECT Freddy Thompson for Clay County Clerk

Kevin Johnson for Clay County Judge Executive

Kevin Johnson for Clay County Judge Executive

HARMON for JUDGE EXECUTIVE

VOTE TOMMY HARMON JUDGE EXE

JACKSON for JAILER

Morgans's Professional Pharmacy

Rominger Funeral Home

 

I Gotta Guy - Construction and handyman for over 25 years in the Laurel County area

Sam Harrod

DUBLE J 2019 380

Clay County Cruisers

 

Submit Press Releases
[email protected]