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Financial Aid

General Information

A Unique Opportunity

Alice Lloyd College’s first objective in carrying out its purpose is the provision of an exceptional education to qualified mountain students regardless of financial ability. Therefore, no qualified applicant should fail to attend the College due to financial constraints. The College maintains a guaranteed tuition policy for residents of 108 Central Appalachian counties. Full-time students from within this territory will have their cost of education met by a combination of grants, scholarships and participation in the Student Work Program. ALL Alice Lloyd College students who have financial need may apply for loans by stopping by the Financial Aid Office.

Financial Aid Application Procedures

To receive financial aid at Alice Lloyd College and to apply for any scholarships or grants, students are required to adhere to the following procedures:

Residents of Kentucky

  1. File an application for admission with the Alice Lloyd College Admissions Office.
  2. File the Free Application for Federal Student Aid (FAFSA). Failure to file the FAFSA by November 1st may result in the loss of of grants/scholarships that will result in additional student out-of-pocket cost. Priority will be given to students who complete the FAFSA prior to November 1. 
  3. List Alice Lloyd College as one of your school choices so your information will be transmitted electronically to ALC. the school code is 001951.

***If you file the electronic online FAFSA, be sure to keep your student and parent FSA ID and password in order to make corrections later.***

Out-of-State Residents

  1. File an application for admission with the Alice Lloyd College Admissions Office.
  2. File the Free Application for Federal Student Aid (FAFSA).
  3. List Alice Lloyd College as one of your school choices so your information will be transmitted electronically to ALC. The school code is 001951
  4. Priority date for filing the FAFSA is November 1st.

No student can be awarded financial aid unless the Free Application for Federal Student Aid (FAFSA) has been filed.

After the FAFSA has been processed, the Financial Aid Director will notify students with a financial aid award package indicating the financial aid for which they are eligible. The award package is the actual notification of all monies received for student accounts.

All students must complete the FAFSA and file it in the Financial Aid Office by November 1st for the following year. Applicants should understand that failure to complete an application for financial aid by November 1st could have serious financial repercussions.

Awarding Financial Aid

A financial aid plan is developed for each student based on individual need and/or achievement and leadership potential. The resulting program is a combination of the financial resources of the parents, the student, the College, and federal and state financial aid. Alice Lloyd College combines all forms of financial aid to provide the student with the best available financial aid package.