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Be enrolled or accepted for enrollments a regular student in an eligible degree program; Be enrolled at least half-time to be eligible for Direct Loan Program funds; Maintain satisfactory academic progress; Sign the Free Application for Federal Student Aid (FAFSA®) stating that he/she is not in default on a federal student loan and does not owe money on a federal student grant; will use federal student aid for only educational purposes; and has not been convicted of an illegal drug offense. Demonstrate his/her qualification to obtain a college or career school education by having a high school diploma or a recognized equivalent such as a General Education Development(GED) certificate or completing a high school education in a home school setting approved under state law (or if state law does not require a home schooled student to obtain a completion credential, completing a high school education in home school setting that qualifies as an exemption from compulsory attendance requirements under state law.)
Financing Your Education at Keystone College
The first step in financing a student’s education at Keystone College is to apply for an FSAid ID for both the student and parent at www.FSAid.ed.gov. An FSAid ID is a user name and password that individuals must use to log in to certain U.S. Department of Education (ED) websites. The FSAid ID identifies an individual as someone who has the right to access a student’s own personal information on ED websites such as the Free Application for Federal Student Aid (FAFSA®) at www.fafsa.gov. Parents of a dependent student also need a FSAid ID if to sign their child’s FAFSA electronically. If a parent has more than one child attending college, he/she can use the same FSAid ID to sign all applications. It is important to note that each FSAid ID user must have a unique e-mail address. The second step in financing a student’s education at Keystone College is to apply for the Free Application for Federal Student Aid (FAFSA) at www.fafsa.gov. Schools and states have different deadlines for filing the FAFSA application. Please visit www.fafsa.ed.gov/deadlines.htm for a list of deadlines by state. Once the FAFSA is completed, the information is sent to Keystone College. Keystone College uses this information to provide the most comprehensive financial aid award package for the student. The FAFSA application determines a family’s need and determines the Expected Family Contribution (EFC). EFC is an index number that the Financial Aid office uses to determine how much financial aid a student would receive. EFC is used to determine a family’s need. The difference between the total cost of attendance and the expected family contribution is the amount of financial need. Need represents the maximum amount of need-based financial aid that you may receive. The Annual Cost of Attendance (COA) is the total amount that is estimated to attend school for the year. The COA is comprised of all direct costs and indirect costs: • Direct cost is the charge invoiced by Keystone College such as tuition, fees, and room and board (for campus-based housing only). • Indirect cost is educational related expenses not invoiced by Keystone College, such as supplies, transportation, and personal expenses. • Net cost is the direct cost less all grants, loans, and scholarships.
2021-2022 Keystone College Virtual Campus Undergraduate Catalog 13
