Following Up on Aid
[STUDENT] How can I check to make sure my financial aid awards are in good standing and available to me when I need them?
[STAFF] It is very important that you review your Student Aid Report and monitor your financial aid “To Do List” in your Student Self-service account.
[NARRATOR] You will receive a Student Aid Report, or SAR, in the mail or through the email account you have provided on your financial aid application. Your SAR will state your eligibility to receive financial aid. Please review your SAR carefully to check for errors and for any additional instructions needed to complete your financial aid process.
You should also monitor your “To Do List” in your Student Self-service account. Complete any required information in the list that you are required to submit.
Once you have completed any requests for additional information, you will be notified of your awards through Student-Self Service.
[STAFF] It is also important that you understand the Verification Process, and how it may affect your financial aid.
[NARRATOR] Approximately 30% of the student population that applies for student aid is randomly selected for the verification process. This is nearly 1 out of every 3 applicants, so the odds that you may be chosen are significant!
The verification process is the federal government’s way of making sure students are correctly reporting their information on the FAFSA. If you are selected for verification, your aid will not be awarded until the process is complete.
If selected, you must complete the verification worksheet, and submit prior year’s tax forms and other financial documents. A link to a printable Verification Worksheet can be found from the Maysville Community and Technical College homepage by selecting the “Costs & Financial Aid” link, and then selecting the “Financial Aid Forms” link. You can check Student Self-service to determine the specific documentation required for completion.
The verification process takes time, so don’t delay and submit your information immediately. You may be required to pay for tuition, fees, books and supplies from your own funds until your verification is complete.
[STAFF] In order to retain your financial aid eligibility, you must also maintain a good academic standing with the college. This is known as Satisfactory Academic Progress, or SAP.
[NARRATOR] You can view the requirements for SAP from the “Costs and Financial Aid” webpage on the college’s website. Select the “Terms to Know” link to view a description for SAP. We suggest that you also view the “Your Responsibilities and SAP” video from the Costs and Financial Aid section of the website to learn more about academic requirements for receiving aid.
[STAFF] For more information about financial aid at Maysville Community and Technical College, please visit Maysville.kctcs.edu, and click on the “Costs and Financial Aid” link.
You can find contact information for the Financial Aid Staff by using your mouse to select the “Contact Us” link shown here.
We hope that this video has helped you become more aware about the financial aid services available to you as a student of Maysville Community and Technical College.