Understanding your Award Letter
Your award letter from KSC will contain important information about the aid you are being offered. Please read it carefully and always keep a copy readily available for reference.
The Financial Aid Office is excited to announce a transition to online electronic Financial Aid Award Letter Notifications for the 2013-2014 academic year! In an effort to better support our students and provide the most up to date information in the quickest way possible, we are making this improvement to our processing. To facilitate this transition, the initial Award Letter notification for the 2013-2014 award year will still be mailed and an electronic copy will be posted to the student’s WebAdvisor (prospective incoming students) or MyKSC (returning students) web account. After this initial paper copy has been generated and mailed, all subsequent Revised Award Letters will only be posted to the web.
Budget — The Cost of Attendance at KSC for the semesters reflected on the award letter, based on the housing plans you indicated on your FAFSA (on campus, off campus, living at home) and your residency status (resident, non-resident).
Expected Family Contribution (EFC) — Your EFC is an index number that we use to determine how much financial aid you are eligible to receive here at KSC. The information you report on your FAFSA is used to calculate your EFC.
Need — Your need, as defined by federal policy, is the difference between your budget and your EFC. It is not a reflection of your bill or the amount you will owe the College. This number is used to guide the Financial Aid Office in determining the amount of need-based aid you are eligible to receive. You cannot receive more need-based aid than the amount of need you see reflected. This includes subsidized loans, need-based grants, and Federal Work Study.
Awards — Awards are listed by name on the award letter. Awards are also broken down by semester. If you have been awarded aid for a semester that you do not plan to be here, please notify our office immediately so an adjustment or correction can be made.
Signatures — Acceptance of all financial aid awards offered is assumed. If the student wishes to decline all or a portion of the aid offered, a copy of the Award Letter can be printed from WebAdvisor (for prospective incoming students) or MyKSC (for returning students), signed and returned to our office with the requested adjustments on the letter.