KCTCS is pleased to provide this Net Price Calculator as a guide to estimate financial aid eligibility based on information you provide to assist you in planning for college.Estimates are based on the information you provide and comparisons to the actual awards received by full-time, first-time students who attended during the 2013-2014 academic year. Remember that this estimate does not represent a final determination or actual award. All financial aid awards/ estimates are subject to change based on regulations, federal/state appropriations, any changes in your financial circumstances, and other factors.
The first step in applying for financial aid is completing the Free Application for Federal Student Aid (FAFSA). The FAFSA must be completed each year. Completing the FAFSA early will help ensure you receive limited state funds should you meet the eligibility requirements.
There are 3 basic types of federal financial aid, grants, loans, and work-study. Grants are funds that you do not have to repay. Work-study is a program where you work, generally at the college and around your class schedule, to earn money to help pay for your educational expenses. Finally, there are loans. Loans must be repaid with interest.
Federal student loans for college or career school are an investment in your future. You should think carefully about the amount of loans you take out and the amount you will have to pay back over the years. You are responsible for repaying your student loans even if you do not graduate, have trouble finding a job after graduation, or if you are not satisfied with your education. Don’t ignore your student loan payments or you’ll risk going into default. Defaulting on your student loan can have serious consequences. For further information on avoiding default please check out our default management and financial literacy pages, here you will find valuable information that will help you manage you student loan debt.
A college education is an excellent investment in your future. A degree or certificate from KCTCS will pay off throughout your career—in higher salary, better professional opportunities, and personal satisfaction.
And a KCTCS education is an especially good value. Tuition costs are very affordable, especially for residents of Kentucky, and we offer a range of scholarships, grants, loans. We work to bring this great education within reach for everyone.
As you explore your financial options, please feel free to contact us. We would love to tell you more about the value of a KCTCS education.