Financial College Planning

FAFSA (Free Application for Federal Student Aid)

The most important form in applying for financial aid is the Free Application for Federal Student Aid, usually just called the FAFSA. The information on the FAFSA determines how much aid you can receive from federal sources and KHEAA programs. The results are automatically sent to KHEAA and the colleges you list on the FAFSA.

The best way to submit the FAFSA is at www.fafsa.govBe sure to use the .gov site. Other sites will ask you to pay to submit the FAFSA. You do not have to pay. The FAFSA is free.

Filing the FAFSA online results in fewer errors and quicker results. Much of the information for the FAFSA can be automatically transferred from federal tax returns.

You’ll need the following information for the FAFSA:

  • Your Social Security number.
  • Your driver’s license number.
  • The W-2 forms and other records of money earned from the most recent tax year (if you’re filing the 2015-16 academic year, you’ll need your 2014 income and tax returns).
  • Your tax returns (and your spouse’s, if you’re married).
  • Your parents’ most recent tax return (if you’re a dependent student).
  • Your untaxed income records.
  • Your current bank statements.
  • Your current business and investment information.
  • Your alien registration or permanent resident card (if you’re not a U.S. citizen).

You can use a FAFSA on the Web worksheet to organize all your information before you go online to submit the FAFSA. If you find out while filing the FAFSA that you’re missing some information, you can save the FAFSA and finish it after you find the information you need.

Below you will find videos to help you through the process:

https://www.youtube.com/watch?annotation_id=annotation_2250349773&feature=iv&src_vid=c-23SMf5DyQ&v=gUis5lityCQ

https://www.youtube.com/watch?v=QdaGZASwjZU

KHEAA

Kentucky Educational Excellence Scholarship (KEES)

The KEES program provides scholarships to students who earn at least a 2.5 GPA each year they attend a certified Kentucky high school. The better they do in high school, the more they earn toward college. They may also earn awards for ACT/SAT scores and Advanced Placement (AP), International Baccalaureate (IB) or Cambridge Advanced International (CAI) test scores. Home school and GED graduates may earn awards based on their ACT scores.

KEES Base Award Amounts

For each year you earn a 2.5 or better GPA, you can earn the base amount listed below. For instance, a high school freshman who earns a 3.5 GPA would have a $375 scholarship for each year of college. Amounts may change based on available funds.

 

GPA

Amount

2.50

$125

2.60

150

2.70

175

2.75

187

2.80

200

2.90

225

3.00

250

3.10

275

3.20

300

3.25

312

3.30

325

3.40

350

3.50

375

3.60

400

3.70

425

3.75

437

3.80

450

3.90

475

4.00

500

ACT Bonus Award Amounts

You can earn a bonus award for an ACT score of 15 or above. For example, a KEES-eligible student who has a score of 25 would earn an additional $393 for each year of college.

 

ACT Score

Bonus

15

$36

16

71

17

107

18

143

19

179

20

214

21

250

22

286

23

321

24

357

25

393

26

428

27

464

28+

500

AP Award Amounts

If you have been eligible for free or reduced-price lunch during any year of high school, you can earn a supplemental award if you have received a qualifying score on an Advanced Placement (AP). For example, a KEES eligible student who receives a score of 3 on an AP exam and is eligible for free or reduced-price lunch would earn an additional $200 for each year of college.

 

Advanced Placement

Exam Score

Supplemental
Amount

3

$200

4

$250

5

$300

 

*Information taken from : https://www.kheaa.com/website/kheaa/pay_fafsa?main=1