Get the help you need to pay for college
The Kendall College Office of Financial Aid considers itself to be in a partnership with you and your family in financing your college education. Each partner contributes as much as it can. You and your family have the primary responsibility for funding your education to the extent that you are able. Kendall College assists students and families with application and eligibility determination for various types of financial aid which may be used to assist with the cost of items such as tuition, books, meals, uniforms, and housing. We assist with determination of federal and state grant eligibility, but as an Institute, Kendall College values the commitment a student makes with current and future earnings to the education, and includes self-help (loans and work) as part of the Kendall aid package.
Financial Aid Simplified
Applying for financial aid is easier than you think. At Kendall College, we’ll connect you with an experienced Financial Aid Advisor, who can guide you and your family step-by-step through the application process, from start to finish. We take the mystery out of financial aid and make sure that you receive the help you need to pay for college. It’s that simple.
STEP ONE – APPLICATION FORMS:
Kendall encourages students to begin the Financial Aid process as early as possible. In fact, students may begin the Financial Aid application process before full acceptance by the College. The annual application procedure for new and continuing students is as follows:
- Complete the Free Application for Federal Student Assistance (FAFSA) via the Internet at www.fafsa.ed.gov. List Kendall College, using the School Code 001703.
- Complete a Kendall College Financial Aid Application. Answer all questions and do not leave any items blank. Sign the certification statement and submit it to the Financial Aid Office.
STEP TWO – ADDITIONAL DOCUMENTATION:
Once the two initial forms (FAFSA and Kendall Financial Aid Application) are processed, the Financial Aid Office will advise the student of any additional documentation requirements. Required documentation may include signed copies of tax returns, proof of permanent residency or citizenship.
STEP THREE – AWARD DETERMINATION AND ACCEPTANCE:
Financial aid is awarded by academic year based on the family’s ability to contribute as determined by federal methodology, the overall cost of attending Kendall College, merit, and other eligibility criteria including credit load (the dollar amount of the student’s financial aid is affected by the number of credit hours the student takes each quarter) and program-specific requirements.
Cost of Attendance: The cost of attendance includes tuition fees, room, board, books, supplies, and miscellaneous expenses. Kendall College estimates 2008-09 indirect costs as follows: $3495/quarter room and board budgets for students attending at least half time and living on or off-campus. The room and board budget for students attending at least half time but living with their parents is $1903.Transportation expenses are estimated at $400/quarter for students attending at least half time, and $200/quarter for those attending less than half time. Miscellaneous expenses such as clothing, entertainment, and personal items are estimated at $1658/quarter for students attending at least half time.
Academic Year: Kendall College operates on a Standard Academic Year which includes the Fall, Winter and Spring quarters and a Summer header. The minimum academic year definition for degree programs is 45 quarter credits and 30 weeks. The minimum academic year definition for certificate programs is 36 quarter credits and 30 weeks.
Award Letter: Financial aid is awarded on a rolling basis as the FAFSAs and Kendall Applications are received. When all necessary documents have been received, the Financial Aid Advisor will prepare an award letter using the most beneficial package of available funds for which the student is eligible.
The award letter detailing specific awards and amounts for each term in the academic year is sent to the student with enclosures of additional forms and information pertinent to the awards. The student must review the letter and either accept or decline the award(s). Student loans and most other aid will not be certified until a signed award letter accepting the awards is returned to the Financial Aid Office. Aid will not be processed until all required documents are completed and returned, and the Master Promissory Note must be signed electronically or signed and returned to the Financial Aid Office for either Stafford or PLUS loans.
Students and parents may obtain additional federal loan funds without having to sign a new MPN for each academic year or period of enrollment. However, Kendall College requires active confirmation of subsequent loan amounts, which means the College must receive written confirmation of the new loan amount before proceeding to certify the loans.
Deadlines: Although the College has no financial aid deadlines, some funds are limited. Students who complete the process early have greater opportunity to access these funds. It is important for students to respond promptly to any requests for additional clarification or documentation. The priority date for the next academic year is March 1, and students are encouraged to submit their FAFSAs and Kendal Application for the 2009-10 year by March 1, 2009.
After financial aid has been awarded and accepted, a student with a remaining tuition balance for a term must make payment by the published due date on the Academic Calendar (approximately two weeks prior to start of term). Other payment arrangements can be made through the Business Office.
STEP FOUR – DISBURSEMENT OF FUNDS:
With one exception, a portion of each Federal award is credited to the student’s tuition account each term. A full-time student may only receive 3 full-time Pell awards during the year, and the State programs typically do not provide disbursements for the Summer term. A first year, first-time borrower’s account will not be credited with Stafford Loans until 30 days after the first day of class and until the student completes entrance loan counseling.
Most financial aid is disbursed electronically to the student’s account in accordance with the terms/amounts listed on the accepted award letter once enrollment status and progress have been confirmed.