[Grants
Federal Pell Grant Program is a federal aid program designed to provide financial assistance in the form of non-repayable grants. The amount of the Federal Pell Grant is determined on the basis of the financial resources of the student and the student's family and the cost of attending the institution. To be eligible for consideration for a Federal Pell Grant, the student must be an undergraduate student who has not received a baccalaureate degree. Students should complete the FAFSA to be considered for Federal Pell Grants.
College Access Program (CAP) provides basic access for eligible Kentucky students who attend a public college or university in the state. CAP grants are based on community college tuition rates.
In order to qualify, a student must carry at least six semester hours, in academic programs that take at lest two years to complete, establish financial need, and be a US citizen and Kentucky resident. The student must not have previously received a bachelor's degree, not be enrolled in a program leading to a religious vocation, and must be enrolled in courses leading to a degree. If enrolled at least half-time, the student must also apply for a Pell Grant.
To qualify for a CAP grant the total EFC toward the student's educational expenses cannot exceed $8,369. The maximum award for 2003-2004 academic year is $1,400 ($700 each semester). Eligible part-time college student will receive an amount calculated on $58 a credit hour.
Federal Supplemental Educational Opportunity Grants (SEOG) are awarded to students with exceptional need and hold no bachelor's or higher degree. Consequently, SEOG funds are usually awarded to students who also receive a Pell Grant. Most Federal SEOG awards do not exceed $200. Priority is given to students with the lowest EFC, determined by information provided on the FAFSA. There is no guarantee that every eligible student will receive a FSEOG. It is important to apply early to have a better chance of receiving a SEOG grant.