Paying for College | OCTC
Source: http://www.owensboro.kctcs.edu/affording-college/paying-for-college/index.aspx
Archived: 2026-04-23 17:21
Paying for College | OCTC
OCTC home page
OCTC home page
Affording College
Affording College
Consumer Information and Student Right-to-Know
Contact Us
Financial Aid Checklist
Net Price Calculator
Paying for College
Scholarships
Loans
Grants
Work-Study
Study Abroad
Payment Plans
Terms to Know
Managing Your Money
Priority Deadlines
Program Applicability
Refunds
Return of Title IV Funds Policy
Satisfactory Academic Progress
Tuition & Costs
Paying for College
At OCTC, we believe no one should miss out on a college education because they think
they can't afford it. That's why we offer the lowest tuition in the state and different
ways to pay.
All prospective students and their parents are encouraged to complete and submit the
FAFSA
. Changes in federal student aid programs have made nearly all families eligible for
some type of financial aid.
Types of Financial Aid at OCTC
SCHOLARSHIPS
- Money awarded to students based on academic or other achievements to help pay for
educational expenses. Scholarships are another form of gift aid and generally do not
have to be repaid.
GRANTS
- Grants are a form of gift aid that does not have to be repaid (unless, for example,
the student withdraws or is unsuccessful in all classes, then part or all of the grant
will need to be returned).
Federal Grants
- The Free Application for Federal Student Aid (FAFSA) must be filed annually to
be considered for any federal grant. Students are encouraged to apply as early as
possible after October 1 before the school year during which financial assistance
is requested.
Federal Pell Grant
Federal Supplemental Opportunity Grant (FSEOG)
State Grants
OCTC offers the following state grants/scholarship programs. The Kentucky Higher Education
Assistance Authority (KHEAA) administers these programs. To find out more about these
state grants, please click on the links below.
College Access Program Grant (CAP)
Kentucky Educational Excellence Scholarship (KEES)
GO Higher Grant
Dual Credit Scholarship Program
OCTC does not participate in the Kentucky Tuition Grant (KTG), as this grant is only
available to private secondary institutions.
To view more information about these state programs, to set up a MY KHEAA account,
and to view award amounts or status please visit the
KHEAA
website.
Federal Work-Study provides part-time jobs for undergraduate students with financial
needs, allowing them to earn money to help pay education expenses. The program encourages
community service work and work related to the student’s course of study.
Here’s a quick overview of Federal Work-Study:
It provides part-time employment while you are enrolled in school.
It is available to undergraduate students with financial need.
It is available to full-time or part-time students.
Visit our
Federal Work Study
page for more information.
OCTC participates in the Stafford Direct Lending Program. This program offers student
loans at low-interest rates with the possibility that some of your interest may be
paid while you are in school, leading to lower debt levels.
Student loans offer students money that must be paid back. Loans can only be packaged
up to the yearly maximum limits or up to the school's cost of attendance, whichever
is lower. Students must be enrolled in at least six credit hours per semester to be
loan eligible. Please see our
Student Loans
page.
An exemption or a waiver is a 3rd party payment of all or part of a student's tuition
and fee bill (i.e. not through normal financial aid programs or scholarships).
The financial aid office is notified of all tuition exemptions and waivers. These
awards are resources (like any other forms financial aid), so they must be taken into
account when awarding financial aid. We may have to adjust your other awards (usually
loans first) due to waivers or exemptions, so it is important to notify our office
as soon as possible if you know you will be receiving one.
HOW DO I SIGN UP?
To receive financial aid, you'll need to start planning early and make sure all forms
are turned in on time.
To help you get started, we've broken the process into three easy steps:
The first step in applying for financial aid is completing the Free Application for
Federal Student Aid, and you'll hear it called FAFSA. The FAFSA must be completed
each year, and changes to the application are coming.
Gather
these documents
, and use them to
fill out the free application here
.
Now that you've applied for Federal Financial Aid through the FAFSA, it’s not required,
but it’s always a good idea to apply for additional
scholarships
that are offered through OCTC, the state, and other agencies, and that don't have
to be repaid.
Let's make sure you haven't missed anything. For some students additional paperwork
is needed. It’s important to
visit your student self-service account
and check your To-Do List to make sure you've got everything taken care of.
If there is nothing for you to do, you can use that page to review your awards. Remember
that if more documents are needed, you won’t be eligible for federal aid until they
are turned in and processed.
OCTC home page
OCTC home page
Affording College
Affording College
Consumer Information and Student Right-to-Know
Contact Us
Financial Aid Checklist
Net Price Calculator
Paying for College
Scholarships
Loans
Grants
Work-Study
Study Abroad
Payment Plans
Terms to Know
Managing Your Money
Priority Deadlines
Program Applicability
Refunds
Return of Title IV Funds Policy
Satisfactory Academic Progress
Tuition & Costs
Paying for College
At OCTC, we believe no one should miss out on a college education because they think
they can't afford it. That's why we offer the lowest tuition in the state and different
ways to pay.
All prospective students and their parents are encouraged to complete and submit the
FAFSA
. Changes in federal student aid programs have made nearly all families eligible for
some type of financial aid.
Types of Financial Aid at OCTC
SCHOLARSHIPS
- Money awarded to students based on academic or other achievements to help pay for
educational expenses. Scholarships are another form of gift aid and generally do not
have to be repaid.
GRANTS
- Grants are a form of gift aid that does not have to be repaid (unless, for example,
the student withdraws or is unsuccessful in all classes, then part or all of the grant
will need to be returned).
Federal Grants
- The Free Application for Federal Student Aid (FAFSA) must be filed annually to
be considered for any federal grant. Students are encouraged to apply as early as
possible after October 1 before the school year during which financial assistance
is requested.
Federal Pell Grant
Federal Supplemental Opportunity Grant (FSEOG)
State Grants
OCTC offers the following state grants/scholarship programs. The Kentucky Higher Education
Assistance Authority (KHEAA) administers these programs. To find out more about these
state grants, please click on the links below.
College Access Program Grant (CAP)
Kentucky Educational Excellence Scholarship (KEES)
GO Higher Grant
Dual Credit Scholarship Program
OCTC does not participate in the Kentucky Tuition Grant (KTG), as this grant is only
available to private secondary institutions.
To view more information about these state programs, to set up a MY KHEAA account,
and to view award amounts or status please visit the
KHEAA
website.
Federal Work-Study provides part-time jobs for undergraduate students with financial
needs, allowing them to earn money to help pay education expenses. The program encourages
community service work and work related to the student’s course of study.
Here’s a quick overview of Federal Work-Study:
It provides part-time employment while you are enrolled in school.
It is available to undergraduate students with financial need.
It is available to full-time or part-time students.
Visit our
Federal Work Study
page for more information.
OCTC participates in the Stafford Direct Lending Program. This program offers student
loans at low-interest rates with the possibility that some of your interest may be
paid while you are in school, leading to lower debt levels.
Student loans offer students money that must be paid back. Loans can only be packaged
up to the yearly maximum limits or up to the school's cost of attendance, whichever
is lower. Students must be enrolled in at least six credit hours per semester to be
loan eligible. Please see our
Student Loans
page.
An exemption or a waiver is a 3rd party payment of all or part of a student's tuition
and fee bill (i.e. not through normal financial aid programs or scholarships).
The financial aid office is notified of all tuition exemptions and waivers. These
awards are resources (like any other forms financial aid), so they must be taken into
account when awarding financial aid. We may have to adjust your other awards (usually
loans first) due to waivers or exemptions, so it is important to notify our office
as soon as possible if you know you will be receiving one.
HOW DO I SIGN UP?
To receive financial aid, you'll need to start planning early and make sure all forms
are turned in on time.
To help you get started, we've broken the process into three easy steps:
The first step in applying for financial aid is completing the Free Application for
Federal Student Aid, and you'll hear it called FAFSA. The FAFSA must be completed
each year, and changes to the application are coming.
Gather
these documents
, and use them to
fill out the free application here
.
Now that you've applied for Federal Financial Aid through the FAFSA, it’s not required,
but it’s always a good idea to apply for additional
scholarships
that are offered through OCTC, the state, and other agencies, and that don't have
to be repaid.
Let's make sure you haven't missed anything. For some students additional paperwork
is needed. It’s important to
visit your student self-service account
and check your To-Do List to make sure you've got everything taken care of.
If there is nothing for you to do, you can use that page to review your awards. Remember
that if more documents are needed, you won’t be eligible for federal aid until they
are turned in and processed.