white image with teal vertical stripes up left side and flags/banners hanging with tuition comparisons for several Kentucky Universities and MCTC reading COSTS AND FINANCIAL AID

Financial Aid Information for Summer

If you have remaining financial aid eligibility for the 2015-2016 school year, take advantage of this opportunity to get ahead.  If you have no remaining aid eligibility then you may qualify for funding through the SEOG program (see below for details).  Priority consideration for SEOG funds will be given to students who enroll by May 13th. Summer awards can be reviewed and/or accepted via student self-service after you enroll.  

Three types of financial aid are available for summer.

  • Pell Grant:  If you were full time in the Fall 2015 semester and full time in the Spring 2016 semester, no Pell Grant is available for summer.  If you were not full time both fall and spring, you may be eligible for Pell Grant for summer.
  • Supplemental Educational Opportunity Grant:  Supplemental Educational Opportunity Grant (SEOG) is available to the neediest students.  First priority will be given to students who have a zero EFC on their Student Aid Report.  If funds remain, other students will be awarded on a basis of overall need and the original process date of their 2015-2016 FAFSA.  All recipients will be making Satisfactory Academic Progress.  In order to efficiently award funds, students are asked to complete the summer enrollment intent web form.  Awards are given at $175 per credit hour with a limit of $1050 per student.  SEOG Funds Request
  • Federal Direct Student Loan:  Subsidized and/or Unsubsidized loans may be available to students enrolled in at least six credits for summer (in any combination of sessions) if requested and if eligibility remains. You must complete the request for summer loans via PeopleSoft Self Service, under the Campus Finances section.  If you are unable to request a loan for summer through your student self-service, please contact your home campus financial aid office.  All summer loans will be disbursed in two installments.  Review the summer loan amount in your student self-service.  If you have not previously completed Entrance Counseling and a Master Promissory Note on the Student Loans website; you must do so before loans will be approved for disbursement.  

Bookstore Charges:  Students may charge books to their Financial Aid from May 22 through June 9.  After June 9th, you must contact your financial aid office.
Satisfactory Academic Progress (SAP):  All FA Students were recently sent a SAP status reminder (Meets, Warning or Probation/Plan of Action).  Students currently on Warning or Probation/Plan of Action status will not be awarded summer aid until after the end of the spring semester and SAP is evaluated; tentatively scheduled for May 14.  If your session starts before this date you will need to make payment arrangements before the class begins.
Students whose SAP status is SUSPEND at the end of the spring term will not be eligible for financial aid until a SAP Appeal is submitted, reviewed and approved.  SUSPENDED students must pay in advance for any class scheduled to start prior to appeal approval.  Appeals may be submitted anytime and the appeal outcome will be e-mailed to the student.  Bookstore charging is not available until a SAP Appeal has been approved.
Refunds:  Summer refunds for Pell, SEOG and Direct Loans (first half of loan) will begin June 23 for students enrolled in classes with a May or June 6 start date.  Refunds will continue every Thursday until the end of the summer term. 
The second half of your Direct Loan will be scheduled to refund July 28 or after the calendar midpoint of your summer enrollment period (halfway between your first day and last day of summer classes).

REMEMBER, you can get your financial aid questions answered 24/7/365 by calling the KCTCS Student Service Center at 1-855-469-6282.