Financial Aid

• October 1 – FAFSA is available for the following Academic Year
  
• After January 1 – Department of Ed releases the new PELL Grant figures and Financial Aid Award Letter packaging can begin.  Estimates can be given prior to that date
• April 1 – Priority deadline for Kansas Comprehensive Grant
• May 1 – Deadline for Kansas State Scholarships

If Selected for Verification:
Once the financial aid office receives your Institutional Student Information Record (processed FAFSA) we will review the application. The Department of Education selects 30% of all applications for Verification. In this case, Central will request that you submit signed copies of both parent and student tax forms along with a completed “verification worksheet” (provided by Central). This must be completed for you to be eligible for both Federal and State aid.
There may be other documents we need to verify your FAFSA. These documents might include: selective service card, social security card, marriage certificate, verification of citizenship, verification of specific financial data, professional judgment records, or a new signature statement to complete the FAFSA.

Once the verification process is completed, we may need to submit corrections on your application in order to have a valid ISIR. The following are various forms that may be required. The Financial Aid Office will notify you if any of these are needed and can be seen on the student portal.

• Dependent Marital Status Worksheet (2019-2020)
• V1 – Dependent Worksheet (2019-2020)  (2020-2021) (2021-2022)
• V4 – Dependent Worksheet (2019-2020) (2020-2021) (2021-2022)
• V5 – Dependent Worksheet (2019-2020) (2020-2021) (2021-2022)
• Independent Marital Status Worksheet (2019-2020)
• V1 – Independent Worksheet (2019-2020) (2020-2021) (2021-2022)
• V4 – Independent Worksheet (2019-2020) (2020-2021) (2021-2022)
• V5 – Independent Worksheet (2019-2020) (2020-2021) (2021-2022)
• Authorization to Retain Funds (2019-2020)
• Verification of Non-filing Form-Dependent
• Verification of Non-filing Form-Independent

Regular students that have exhausted all federal forms of financial aid or are not eligible for federal financial aid may wish to consider private, alternative loans to cover any remaining balance, up to the cost of attendance. There are many lenders that provide private loan products and Central Christian College will not delay or refuse to certify a private loan based on the lender of choice. Central Christian College does provide students with a lender list for suggestion and convenience. Lenders on this list are selected on the following criteria: Borrower Customer Service, Borrower Benefits in Repayment, Diversity, Ease of Disbursement. To view CCCK’s private lender list, please visit: https://choice.fastproducts.org/FastChoice/Welcome.do?configId=1326921503403

Residents of the state of Kansas attending a Kansas private college may be eligible for $1,500 – $3,000 under the Kansas Comprehensive Grant (KCG) program. A FAFSA must be received by the Department of Education by April 1. This grant is then awarded according to financial need. Eligible students must be enrolled full-time (minimum of 12 credit hours per semester) and maintain a cumulative GPA of 2.0.

Federal Supplemental Educational Opportunity Grants (FSEOG) are available to students with financial need as determined by the Need Analysis System. FSEOG will be awarded to students who have high need and Federal Pell Grant eligibility. These are awarded by Central in $400 increments.

Under the Federal Stafford Loan Program, a student borrows from the bank, credit union, savings and loan, or other participating lending institution. Students may apply for a loan if they are enrolled or have been accepted for enrollment at least on a half-time basis in an eligible school. A need analysis is required before a student may be considered for this assistance.

The maximum amount that a student may borrow is $3,500 for a freshman, $4,500 for a sophomore, and $5,500 for juniors and seniors. The federal government will pay the interest until the student graduates, leaves school, or drops below half-time and his/her repayments on the loan begin. Repayment of these loans may be extended over a ten-year period. The Central Christian College financial aid office can help determine eligibility.

For students who do not qualify for the Subsidized Federal Stafford Loan based on need, a new loan was established in 1992 called an Unsubsidized Federal Stafford Loan. A student can borrow the same amounts as the Subsidized Federal Stafford Loan. With the unsubsidized loan, the student does not get the same interest subsidies as the Subsidized Federal Stafford Loan program.

The student is responsible for the interest. Repayment obligations are the same as the Subsidized Federal Stafford Loan Program. Independent and dependent students whose parents were denied the Federal Parent Loan to Undergraduate Students (FPLUS), are eligible for additional amounts.

The Federal Parent Loan to Undergraduate Students (FPLUS) is available to parents as a means of helping their son/daughter to attend college. A parent can borrow an amount equivalent to the cost of education less the financial aid received. Repayment begins 30-60 days after the last loan disbursement and may be paid back over ten years.

Regular students that have exhausted all federal forms of financial aid or are not eligible for federal financial aid may wish to consider private, alternative loans to cover any remaining balance, up to the cost of attendance. There are many lenders that provide private loan products and Central Christian College will not delay or refuse to certify a private loan based on the lender of choice. Central Christian College does provide students with a lender list for suggestion and convenience. Lenders on this list are selected on the following criteria: Borrower Customer Service, Borrower Benefits in Repayment, Diversity, Ease of Disbursement. To view CCCK’s private lender list, please visit: https://choice.fastproducts.org/FastChoice/Welcome.do?configId=1326921503403