How to pay for college, including academic, performance, athletic, and other scholarships, FAFSA, cost estimator, online resources, and timelines for financial aid.
Student Financial Planning for Higher Education - Georgetown College
1. Student Financial
Planning
Tiger Preview Day
financialaid@georgetowncollege.edu
502-863-8027
800-788-9985
2. Academic Scholarships
How to apply: apply for admission by November 15th
(our priority deadline). Applicants who apply any
time after November 15th will still be eligible for
scholarships.
Range from $7,000 - $18,000 per year, for 4 years.
GSP and GSA scholarships are minimum $17,500.
Based on four criteria: (1) GPA, (2) ACT/SAT, (3)
Class Rank, if available, and (4) individual attributes.
Not based on your financial need.
A student can receive only one academic scholarship.
3. Other Scholarships
Separate Applications Required (Feb 1 deadline) for…
Christian Leadership: awards for students who have been involved in their
churches and communities.
Equine Scholarship: award for students who are interested in various
aspects of the horse industry. $1,000 award.
Global Scholarship: awarded to students who have an interest in global
issues and study abroad. $1,000 award.
Spanish Immersion: awarded to students with an interest in immersing
themselves in the Spanish language and culture through this unique
opportunity.
4. Athletic and Performance
Scholarships
How to apply: Apply and contact appropriate
departments/coaches by their respective deadlines.
Your Admissions Counselor can help you find the
right people to contact.
Athletics: scholarships are offered in all areas, with
a wide range of amounts. Begin your conversations
with coaches now if you are interested.
Music, Art, and Theatre: scholarships are typically
offered in the range of $1,000-$3,000 per year (on
average). Auditions or portfolios are required.
Contact the appropriate department now if you are
interested.
5. For Prospective Teachers
Federal TEACH Grant: a $4,000 award for students who
plan to teach in high-need subject areas and teach in
Title I schools (those with a high percentage of
financially needy students). You must file a FAFSA, but
you do not have to demonstrate financial need.
Go to: studentaid.ed.gov/PORTALSWebApp/students/english/TEACH.jsp
6. The FAFSA
File the FAFSA—Free Application for Federal Student
Aid.
Uses your family’s financial information to determine your eligibility
for need-based aid.
You’ll report information about family income, assets, family size, etc.
Filing the FAFSA allows us to determine if you’re eligible for Federal
Grants (Pell, SEOG), State Grants (Kentucky Tuition Grant, College
Access Program Grant), and additional college grants. Don’t MISS
OUT, file your FAFSA as soon as possible after January 1 st of your HS
Senior year.
**The FAFSA can be completed with estimates of your Federal Tax Return information…
your taxes do not need to be FILED for you to complete the FAFSA**
www.fafsa.ed.gov
7. If you need to consider long-
term payment options…
Payment Plans
Georgetown offers a 10-month interest-free payment plan.
Loans
Federal and other types of student and parent loans are
available to cover any/all of a student’s balance not covered
by grants/scholarships or financial aid.
8. Estimator
• The Estimator is a tool for high school
seniors and transfer students that you
can fill out with your academic and
financial information.
• This is a great way to get a ballpark
figure on how much you might
receive.
• The Estimator service is available
year-round on the GC webpage.
9. Internet Resources
FAFSA: www.fafsa.ed.gov (NOT a .com)
General Info: www.kheaa.com
Free Info about Outside Scholarships:
www.fastweb.org
www.collegeboard.com
www.finaid.org
www.nextstudentloans.com/sse1
Tax Benefits: www.irs.gov
(Publication 970)
10. Timelines
By November 15th: fill out admission
application for early consideration.
ASAP after January 1st: complete the FAFSA
(use an estimate of tax information if necessary)
By February 1st: complete and submit any
separate scholarship applications.
Early – Mid March: Your complete
financial aid award will be sent if we have
valid FAFSA information on file, or if you
have indicated that you do not intend to file.
11. Final Advice
1. Stories from friends, newspaper stories, etc. about
college financial aid are often misleading or downright
wrong.
2. Don’t procrastinate—don’t go past deadlines for
applications, the FAFSA, etc.
3. Tell us about special financial circumstances (job loss,
income change, high medical expenses, divorce/separation)
as early as possible after January 1—this can help us help
you.
4. Remember that paying for college is a partnership among
students, families, federal/state governments, and
colleges.