Each student's home state offers a variety of educational grants and scholarships. Students from states other than Kentucky should contact their state government for information.
The Kentucky Educational Excellence Scholarship can be applied to tuition bills at any post-secondary institution in Kentucky. This scholarship is based on a student's yearly GPA and highest ACT or SAT score. For more information, see the KHEAA homepage.
Kentucky offers two types of grants, both of which require completion of the FAFSA form for eligibility:
CAP Grant—The College Access Program grant is given to in-state students with high levels of financial need. This grant is set at $1,900 for the 2017-18 academic year.
KTG Grant—The Kentucky Tuition Grant is awarded to in-state students attending Kentucky private colleges and universities. This grant is set at $2,920 for the 2017-18 academic year and is awarded on a first-come, first-served basis. Those interested in this grant are urged to complete the FAFSA form before January 1.
Transylvania takes part in the Federal Student Aid Programs, which include three types of aid. Eligibility for these programs is based on information provided on a completed FAFSA form.
These awards are gifts to students, based on need. Two federal grants exist:
Pell Grant—For the 2017-18 academic year, the Pell Grant award amount is up to $5,920 per year depending on the student's need.
SEOG Grant—The Supplemental Educational Opportunity Grant award amount is up to $1,000 per year and is given only to students receiving the Federal Pell Grant.
The Federal College Work-Study (FCWS) program allows students to work a set number of hours a week at campus jobs for an hourly rate. Students receive paychecks for this work and are expected to use the money for education-related expenses. Transylvania's program offers:
- Over 400 need-based, work-study positions
- Wage potential of $875-$1,750 for the academic year
- Opportunities to work up to 6.5 hours per week
- Minimum wage pay
- A variety of on-campus, off-campus and community service related locations
Federal Student Loans
These are low-interest loans from the federal government that can be subsidized or unsubsidized. More about student loans.
If you expect to receive VA benefits from the Department of Veterans Affairs to help defray the costs of your education:
1) Contact the Department of Veterans Affairs to determine the benefits you are eligible for. The VA helpline is 800-827-1000.
2) When you receive your certificate of eligibility, forward it to Ashley Coons, Transylvania's associate registrar. The registrar’s office will work with student accounting services to have your VA benefits applied toward the cost of your Transylvania education.
If you have questions about how your benefits are credited toward your student account, contact student accounting services at 859-233-8150.
According to VA standards, Transylvania students who receive VA benefits are expected to maintain a minimum grade-point-average of 2.0 (a "C" average) and to accumulate units of credit at a rate of 4.00 per year of attendance. If you fall below this standard for two consecutive semesters, the university must report your status to the Department of Veterans Affairs.