Grants are money that does not have to be paid back. Eligibility for grants is determined by the information submitted on the Free Application for Federal Student Aid (FAFSA) each year. A student must have a Pell eligible EFC (Expected Family Contribution) to receive Pell grants. All grants are considered need based aid. A Pell eligible EFC ranges from $0 to around *$5328. (*EFC range is applicable to the 2017-2018 academic year)
Basic Eligibility Requirements for Grants include; but are not limited to, the following criteria:
Note: CAP and SEOG Grants have limited funding and are awarded until funds are exhausted.
The College Access Program (CAP) grant is a free, need-based grant awarded to eligible undergraduate students who are Kentucky residents and who enroll in a minimum of 6 credit hours per semester. The CAP Grant is prorated per credit hour from 6 hours up to full time (12 credit hours) or above. To determine eligibility, students must complete the Free Application for Federal Student Aid (FAFSA) for the current academic year, be enrolled in a degree-seeking program, have no outstanding financial aid requirements, and be admitted as a Kentucky resident. CAP awards may be reduced for students who do not have enough need-based aid remaining in their budgets. To find the current year award amounts, please visit www.kheaa.com. CAP grant funds are awarded until funds have been exhausted. Students are encouraged to file the FAFSA early each year to increase their chances of receiving CAP funds.
The Pell Grant is a free, need-based grant awarded by the federal government to eligible undergraduate students. To determine eligibility, students must complete the Free Application for Federal Student Aid (FAFSA), be enrolled in a degree-seeking program, and have no outstanding financial aid requirements. Pell Grant awards vary each year based on the student’s FAFSA result, known as the EFC (Expected Family Contribution). Pell Grant awards are prorated based on enrollment. Students enrolled full time (12 hours or more) per semester are eligible for the full grant amount associated with their EFCs. However, students enrolled in as few as 1 credit hour, who have low enough EFCs, may qualify for a prorated amount of Pell Grant.
The Pell Grant is initially awarded at the full time enrollment rate (based on 12 hours or more). Immediately following the 100% drop/add deadline, grant amounts are adjusted to match the student’s enrollment as of that date. (Ex. The Pell Grant for a student enrolled in 9 credit hours will be reduced from the full-time rate to the ¾ time rate). If a student drops or adds a course after the 100% drop/add deadline has passed, grants are not adjusted up or down. Some exceptions to this rule include students enrolled less than full time, who:
SEOG grants are federally funded and awarded by the university to undergraduate students with exceptional need. Students must be enrolled in a minimum of six credit hours. These funds are quite limited and awarded until exhausted.