Pikeville College - Student Financial Services

 
 

Applying for Financial Aid

Financial assistance may be in the form of a scholarship, grant, loan or work-study and may be classified as institutional, federal or state, depending on the origination source of the aid. Pikeville College offers several institutional scholarships, grants and loans to help students meet their educational expenses. The College also participates in several federal and state programs. All students who wish to be considered for any financial assistance at Pikeville College, including institutional scholarships and loans, must follow these outlined procedures:

  1. Complete the admissions process. A student must be accepted to the College through the Office of Admissions before a financial aid package can be offered.
  2. Complete a Pikeville College Statement of Educational Purpose. New and returning students must complete a Statement of Educational Purpose each year.
    PDF Icon - Click here to download a copy of the Statement of Educational Purpose.
  3. Complete a Free Application for Federal Student Aid (FAFSA). To determine financial need with a degree of uniformity, Pikeville College requires financial information from the student and, if applicable, his or her parents. The FAFSA serves as the basic application form for Pell Grant, Kentucky Higher Education Assistance Authority (KHEAA) Grants, Federal Supplemental Educational Opportunity Grant (FSEOG), Federal Perkins Loan and Federal Work Study. To receive full consideration for these programs, students who are Kentucky residents should complete the FAFSA before March 15 each year. Students may file a FAFSA after the March 15 priority date; however, those students may not receive KHEAA Grants.

Maintaining Financial Aid

To be eligible to continue receiving federal and institutional financial aid, the student must maintain satisfactory academic progress. The rules for maintaining basic financial aid are derived from required federal regulations and can be read here. Students should be aware that a change in course load prior to or during the drop-add period (i.e., full-time, part-time, etc.) may affect the total aid package. Furthermore, tuition adjustments may only be made during the drop-add period.

Rules for maintaining any of the various competitive academic and athletic scholarships are set out in the individual scholarship contracts.

Official Registration

A student is not officially registered for any class until he or she has made a satisfactory settlement with the Business Office for tuition and fees, as well as room and board, if applicable.

Withdrawal Policy

All students who withdraw before a semester is completed may be assessed an administrative fee, the lesser of $100 or 5% of total cost, plus any additional fees according to the refund policy as outlined below. Any student who fails to go through proper procedures for withdrawal, or delays official withdrawal, will also be held responsible for charges in accordance with the refund policy.

Refund Policy/Return of Title IV Funds Policy

Tuition, room and board are refundable for students who withdraw from Pikeville College during fall and spring semesters. Room and board charges are prorated by the week based on the number of weeks in residence as established by the residence hall check-out sheet completed by the residence hall director or resident assistant. Tuition is refunded according to the Return of Title IV Funds Policy established by the U.S. Department of Education. Tuition, institutional, state and federal (Title IV) funds will be returned based on the number of days (percentage of period) completed. This percentage will be applied to the total amount of Title IV aid for which the student established eligibility (earned aid) before withdrawing. The amount of earned aid will be subtracted from the amount of aid which was (or could have been) disbursed and the remaining amount will be returned to the respective sources.

There are no refunds for individual classes dropped after the first week of classes.

The College reserves the right to make changes in cost and fees when such changes are deemed necessary by the Board of Trustees.