How is Federal Student Aid Determined?

Kiamichi Tech uses the Federal Needs Analysis Methodology to determine the Expected Family Contribution (EFC), as well as the student’s Cost of Attendance (COA).

The COA is the total amount it will cost to attend Kiamichi Tech.  The COA includes tuition, fees, books and supplies, as well as, an allowance for room and board, transportation, personal and miscellaneous expenses.

The EFC is the amount that indicates how much of a student’s family financial resources should be available to help pay for school. It is determined by the Department of Education based on the information you submitted on your FAFSA. The EFC can include a parental contribution, for dependent students, and a student contribution and spouse if applicable, for an independent student.

If an agency will be paying your tuition, fees, etc., it is your responsibility to notify the financial assistance office of any awards you will be receiving.

The Awarding Process:

Federal Pell Grant

After enrolling in an eligible program, you need to notify the financial aid office and submit all required documents (if applicable).  The financial aid office will then determine your eligibility. If you are eligible, a scheduled award letter will be generated and a financial representative will go over it with you and answer any questions.

If determination of your Pell Grant award is made more than ten days prior to the first day of class, you may not be required to make a payment toward your tuition and required fees. Check with your campus for payment arrangements.

Your Pell Grant award will be based on the following:

•  Expected Family Contribution and full-time entitlement award from the Federal Pell Grant schedule
•  Federal Pell Grant cost of attendance
•  Program you are enrolled in
•  Number of hours enrolled for the school year

The academic year definition for calculating Federal Financial Aid eligibility is 900 hours and 26 weeks.

•  All programs that are 900 hours would have a payment period of 450 hours and 13 weeks. OR
•  For programs less than 900 hours, the payment period is one half of the total hours and weeks of the program.

Charging Books and Supplies

Kiamichi Tech does not allow charging of books, fees and supplies.  Most programs include books and supplies in the tuition charges.  Specific programs will list their books, fees and supplies and these amounts are due at the time of enrollment.  Kiamichi Tech will utilize your Pell Grant funds toward tuition, books, fees and supplies before determining any amount that is left over to be disbursed to the student.  In the event that all charges are not covered the student will need to provide additional funds by private pay or an additional funding source prior to attending class.  Please get with the financial aid staff to help determine charges.  

Federal Supplemental Education Opportunity Grant (FSEOG)

Kiamichi Tech has a limited amount of FSEOG funds. FSEOG will be awarded to students as follows:

•  Must be receiving a Federal Pell Grant
•  Based on the lowest EFC and then disbursed to higher EFC if funds still remain.
•  Amounts awarded will be determined with a funding formula at the time of processing funding.  This relies on the amount of available funds.
• Must not have previously earned a bachelor’s or first professional degree.

Oklahoma Tuition Aid Grant (OTAG)

Every fall and spring, the Oklahoma State Regents for Higher Education will send Kiamichi Tech a list of students that are eligible for Oklahoma Tuition Aid Grant (OTAG) funds. You must be a legal resident of Oklahoma as determined by the current Policy on Resident Status of Enrolled Students in the Oklahoma State System of Higher Education. OTAG funds are limited, so you need to complete your FAFSA as early as possible, between October 1 to December 1 for the upcoming award year. OTAG funds are awarded to the neediest students first, based on the EFC from your FAFSA.

If you have met the requirements for a Federal Pell Grant, your OTAG funds will be requested from the Oklahoma State Regents office.  Once the funds have been received your campus financial aid office will inform you of your award.

How Will Funds Be Disbursed?

Federal Pell Grant Funds

Federal Pell Grant funds will be paid to the student for the current school year based on your award letter schedule.  The estimated date(s) of your disbursement or disbursements for each corresponding payment period will appear on your award letter.  All charges, including tuition, books, etc., for the current school year must be paid in full before any award amounts will be issued to you.  The disbursement checks will be sent the campus financial aid office to be given to the student directly.

Please keep in mind that in order to be eligible for your Pell Grant disbursements, you must successfully complete all the clock hours and curriculum associated with the hours in each corresponding payment period. You must also maintain Satisfactory Academic Progress.

Federal Supplemental Educational Opportunity Grant (FSEOG)

FSEOG will be divided into two disbursements. The first disbursement will be awarded in the first semester of class. The second disbursement will be applied to your student account once you have successfully completed the hours in the first payment period by meeting the Satisfactory Academic Progress requirements. These funds will be applied to the tuition, fees, books, etc., for the current school year if applicable.

The Kiamichi Tech financial aid office will notify you when your FSEOG funds will be awarded.

Oklahoma Tuition Aid Grant (OTAG)

The Kiamichi Tech financial aid office will notify you when your OTAG funds have been received from the Oklahoma State Regents office. These funds will be applied to the tuition, fees, books, etc., for the current school year first.  Any amounts left over will be awarded to the student.