Types of Aid
The major types of financial aid to help students pay for college or technical training include:
Grants: Awards that generally donít have to be repaid and are usually based on financial need. These include the Federal Pell Grant, Federal Supplemental Educational Opportunity Grant, the Academic Competitiveness Grant and the SMART Grant. Eligibility is determined when your Free Application for Federal Student Aid (FAFSA) is processed.
Scholarships: Awards that generally donít have to be repaid and are usually based on skill, ability, talent or achievement. Many schools use the FAFSA to determine if you're eligible for school–based scholarships. Visit these web sites to search for scholarships online.
Work–study: Lets students earn money while working on or off campus. Contact your school counselor for more information.
Federal Student Loans: Money borrowed through federal programs; must be repaid with interest. Visit www.studentloans.gov for more information on new federal loans.
Private Student Loans: Private loans can be used when grants, scholarships, work–study, and other forms of financial aid are not sufficient to cover the full cost of education. More info on the state‐based Advantage Education Loan program.
For Kentucky residents
For residents outside Kentucky
You want to get as much as you can in grants, scholarships and work-study so you donít have to borrow money to go to school. But the reality is that most students will have to take out loans to pay college costs.
Grants, Scholarships, and Other Aid Administered by KHEAA
The Kentucky Higher Education Assistance Authority (KHEAA), the sister agency of KHESLC, administers the following state student aid programs to help Kentucky students pay for college:
College Cost and Planning Report / FAFSA4caster
You can estimate the amount your family may be expected to pay for college expenses and the amount of financial aid you may receive based on the information you provide.
Check out our financial aid Publications at: