Financial Aid FAQ
FREQUENTLY ASKED FINANCIAL AID
How do I apply for Financial Aid?
You must complete the FAFSA, the Free Application for Federal
Student Aid at www.fafsa.ed.gov. There is
not a fee to complete and submit the FAFSA.
What is the deadline to apply for Financial
The priority deadline for Kentucky Residents to receive a
Kentucky Tuition Grant and College Access Program Grant is October
Read more about 2017-2018 FAFSA
What is a FSA ID?
An FSA ID is a username and password that you must use to log in
to certain U.S. Department of Education (ED) websites. Your FSA ID
identifies you as someone who has the right to access your own
personal information on ED websites such as the Free Application
for Federal Student Aid (FAFSA®) at www.fafsa.ed.gov .
Your FSA ID is used to sign legally binding documents
electronically. It has the same legal status as a written
signature. Don't give your FSA ID to anyone-not even to someone
helping you fill out the FAFSA. Sharing your FSA ID could put you
at risk of identity theft
Parents of dependent students are required to have their own FSA
ID to sign the child's FAFSA electronically. If you have more than
one child attending college, you can use the same FSA ID to sign
all applications. Please note: Each FSA ID user must have a unique
Why can't I use my Federal Student Aid PIN?
The FSA ID replaced the Federal Student Aid PIN. If you already
have a PIN, you can link your information to your new FSA ID by
entering your PIN while registering for your FSA ID. (This will
save you time when registering for your FSA ID.) However, a PIN is
not required to create an FSA ID.
My parents don't support me financially. Can I
apply as an independent student?
In order to be considered independent for financial aid purposes
you must meet one of the following criteria:
• You must turn 24 before January 1 of the academic year that
you are applying for.
• Be a Graduate/Professional student.
• Be married.
• Have children who receive more than half of their support from
• Have dependents (other than your children/spouse) that live
with you and receive more than half of their support from
• Be an orphan or ward/dependent of the court.
• Be a veteran of the United States Armed Forces.
• You are or were an emancipated minor as determined by a court
in your state of legal residence.
• You are or were in legal guardianship as determined by a court
in your state of legal residence.
• Your high school determined that you were an unaccompanied
youth who was homeless in the year before you are applying for
• A director of an emergency shelter or transitional housing
program funded by the U.S. Department of Housing and Urban
Development determined that you were an unaccompanied youth who was
homeless in the year before you are applying for financial
• A director of a runaway or homeless youth basic center or
transitional living program determined that you were an
unaccompanied youth who
was homeless or was self-supporting and at risk of being homeless
in the year before you are applying for financial aid.
If you do not meet any of the criteria listed above, but can
document extreme family circumstances that prevent you from
obtaining your parents information/support, you may file for a
Dependency Override with the Financial Aid Office for a possible
reevaluation of your status.
My parents are divorced. Whose information do I
need to use?
You should use the parent who provides the most support for
you. Please keep in mind that if your parent is remarried,
you must also include your step-parent's financial information on
Can I receive financial aid from more than one
institution at the same time?
No. You can only receive Financial Aid from one
institution at a time.
Do I have to reapply for financial aid every
Yes, you must complete the FAFSA every year.
How many hours do I need to take to be a full time
12 hours per term is considered full time.
What does verification mean?
Verification is the confirmation through documentation that the
information provided on a student's Free Application for Federal
Student Aid (FAFSA) is correct. The federal government requires
colleges and universities to verify or confirm the data reported by
students and their parent(s) on the FAFSA.
Who is KHEAA Verify?
Kentucky Higher Education Authority (KHEAA) is a third party
servicer who processes verification for Lindsey Wilson College.
How do I contact KHEAA Verify?
You can call KHEAA Verify at 1-855-272-8771 or visit www.kheaaverify.com.
When do I have to start paying on my student
Direct loans have a grace period of six months. You must start
paying on your direct student loans six months after you graduate,
leave school, or drop below half-time status.
How do I know how much I have borrowed in student loans?
To whom do I make my loan payments?
Information on your federal loan debt, such as loan holder
information, which program you borrowed from, and how much you have
borrowed is available at the National Student Loan Data System
(NSLDS) website www.nslds.ed.gov. Click on
'Financial Aid Review' and enter your personal information
including your U.S. Department of Education FSA ID. If you don't
have one, you may apply for one at fsaid.ed.gov. If you do
not have internet access, you can identify your loan holder by