STEP 1 ADMISSION/ENROLLMENT AT KMBC
- Must apply and be accepted for admission to KMBC.
- Financial Aid packages will not be awarded until admission acceptance is finalized, but a student may begin the financial aid process before that time.
- To receive Federal Financial Aid students must meet the eligibility requirements set by the Department of Education.
- To receive most KMBC Financial Aid, students must complete the KMBC Scholarship Application Form.
- To receive Federal Financial Aid, students must meet the eligibility requirements set by the Department of Education
- To receive most KMBC Financial Aid, students must complete the KMBC Scholarship Renewal Form each spring.
- Must be a Kentucky Resident
- Must be enrolled in a degree seeking program at KMBC.
- Must meet the eligibility requirements set by the DOE to receive federal financial aid. (Students enrolled in less than 6 hours will not likely be eligible for the Pell Grant.)
STEP 2 COMPLETION OF THE FREE APPLICATION FOR FEDERAL STUDENT AID (FAFSA)
- Must apply for federal financial aid online by completing the FAFSA at www.fafsa.gov
- If you do not already have one, apply for a Federal Student Aid Personal Identification Number (PIN) at www.pin.ed.gov before completing the FAFSA. The PIN allows you to sign the FAFSA electronically. If you are filing as a dependent student, at least one parent must have a PIN.
- We recommend that you use the IRS Data Retrieval Tool in the FAFSA to provide the required tax information. It will increase the accuracy of your FAFSA information and streamline the application, verification, and award process. The earlier you apply and the more accurate your application is, the sooner you will be awarded the financial aid for which you are eligible.
- Enter KMBC's federal school code (030021) on the FAFSA. This allows KMBC to receive your FAFSA information.
Visit the Federal Student Aid Website for more information about the FAFSA.
STEP 3 KMBC PROCESSES YOUR FAFSA
When KMBC electronically receives your FAFSA, we will begin to process your financial aid application. If your FAFSA is selected for verification by the Department of Education you may be required to submit additional documentation to the Financial Aid Office.
STEP 4 VERIFICATION
The verification process requires KMBC to collect documents that confirm the FAFSA data regarding your family and your finances. This includes IRS tax transcripts for both you and your parents (if you are a dependent student) or your spouse (if you are married) unless you use the IRS Data Retrieval Tool when you complete or update your FAFSA. Completed verification forms (Dependent /Independent) need to be submitted to the Financial Aid Office before your financial aid award can be determined.
STEP 5 NOTIFICATION OF FINANCIAL AID ELIGIBILITY
When KMBC completes the processing of your financial aid application, you will be notified of your eligibility by letter or email. It is important that you provide us with current contact information. Before receiving federal financial aid, all students are required to read, understand, and sign the Terms and Conditions for Receiving Financial Aid and the Title IV Authorization Form.