Can I afford to come to Alice Lloyd College?
How can you guarantee my tuition?
Am I required to complete my FAFSA in order to receive grants/scholarships?
What grants/scholarships do I qualify for to help cover my expenses at Alice Lloyd College?
Does Alice Lloyd College offer scholarships?
How much money will I need per semester?
How much money will I need for books?
I received an outside scholarship, should I report that to the Financial Aid Office?
Are grades and academic standing important?
When should I file my FAFSA?
What is verification?
Every year the Department of Education decides which items must be verified from your FAFSA during the Verification Process. You may also get selected for the standard verification for which the school must verify things like gross income, untaxed income, education credits, household members, number in college, receipt of food stamps, paid child support, and/or other items as determined by the Department of Education.
How am I notified of what Financial Aid I am eligible for?
Who do I contact if I have questions?
How, when, and where do I receive my Financial Aid?
Your enrollment status (full-time, part-time, less-than-part-time) is determined at 4:30 p.m. on the last day to register for a class each semester. Your aid package will not change if you adjust your schedule after this date, unless you drop all of your courses. Please be aware that dropping courses after they begin can affect your ability to make Satisfactory Academic Progress (SAP).
You will receive half of your academic year award in the fall and the other half in spring. Any credit created by the payment of financial aid is available through the Business Office.
What are my rights?
- To know what financial aid programs are available at the institution.
- To know the deadlines for submitting the applications for each of the programs.
- To know how financial aid will be distributed, how decisions on distributions are made, and the basis for these decisions.
- To know how your financial need was determined. This includes how costs for tuition and fees, room and board, travel, books and supplies, personal and miscellaneous expenses, etc. are considered in your budget. To know how much of your financial need has been met by the financial aid administrator at the institution. To know what resources were considered in the calculation of your need.
- To request an explanation of the various programs in your student aid package.
- To know the institution’s refund policy and satisfactory academic progress standards.
- To know what portion of the financial aid you receive must be repaid, and what portion is gift aid. If the aid is a loan, you have the right to know what the interest rate is, the total amount that must be repaid, the payment procedures, the length of time you have to repay the loan, and when repayment begins.
- Under the Direct Loan programs, to request that the loan payments be reduced for a specific period of time if it will assist in avoiding default.
What are my responsibilities?
- To complete all application forms accurately and submit them on time to the right place.
- To provide correct information. In most instances, knowingly misreporting information on a financial aid application is a violation of the law and may be considered a federal offense.
- To be registered with the Selective Service, if required.
- To NOT be in default on a loan or owe a repayment on a grant.
- To return all documentation, verification, corrections, and/or new information requested by either the Financial Aid Office or the agency to which you submitted applications.
- To read and understand all forms that you are asked to sign and keep copies of them. To accept responsibility for all agreements you sign.
- To perform the work agreed upon in accepting a college work study award.
- To be aware of and comply with the deadlines for application or reapplication for aid.
- To be aware of the institution’s refund policy and satisfactory academic progress standards.
- All institutions must provide information to prospective students about their programs and performance. Students are expected to consider this information carefully before deciding to attend.
- A recipient of a Federal Direct Loan must notify the lender if any of the following occurs before a loan is completely repaid:
- change of address
- withdrawal from the institution or less than half-time attendance
- name change (i.e. maiden name to married name)
- transfers to other institutions
Questions or Complaints
Southern Association of Colleges and Schools Commission on Colleges (SACS) KY Council of Post Secondary Education The KY Council on Post Secondary Education Complaints Kentucky Secretary of State Office of the Kentucky Secretary of State 700 Capital Avenue, Suite 152, Frankfort, Kentucky 40601 (502) 564-3490