Special Circumstances Scholarship - Students in Student Loan Default Status
Funding Amount
Up to $100 per credit hour; Up to $1,200 per semester (up to $1,000 during summer)
Deadline
Rolling / Open
Grant Type
foundation
Overview
Special Circumstances Scholarship - Students in Student Loan Default Status
Status: Available (funding dependent)
Geographic Scope: Maine (in-state tuition eligibility required)
Focus Areas: Emergency funding for matriculated students ineligible for other financial aid due to defaulted student loan
- Matriculated in a KVCC program of study
- Maine resident, eligible for in-state tuition
- Demonstrated unmet financial need (FAFSA methodology)
- Only enrolled in courses required for the KVCC program of study
- Minimum cumulative GPA: 2.0
- Must create official student loan repayment and Title IV reinstatement plan
- Must make initial payment according to repayment plan terms before scholarship disbursement
- Must continue monthly payments on time according to repayment terms
- Payments must be made voluntarily (not through garnished wages or withheld taxes)
- Must keep paying on time according to repayment plan terms
- If payment is late, missed, or does not meet terms, student will not receive scholarship in future semester
Eligibility Requirements
- Up to $100 per credit hour enrolled
- Up to $1,200 per semester
- Up to $1,000 per summer semester
- Awards made in one semester increments for up to three consecutive semesters
- Based on final course enrollment after add/drop period
- If recipient drops a course, scholarship is reduced
- Adding a course does not guarantee scholarship increase
Award Details
- Approval made on case-by-case basis
- May not be possible due to lack of available funds, lack of student unmet need, and other academic/financial factors
- Once student is determined eligible for Title IV financial aid, they will no longer be funded through this scholarship
- Student must submit documentation of loan repayment terms and payment status to KVCC Office of Student Financial Aid before scholarship is applied to each semester's financial aid package
- Student must meet loan repayment and satisfactory academic progress terms to continue scholarship eligibility in subsequent semesters
- Student may apply for emergent need financial assistance if available
Important Notes
Contact
KVCC Office of Student Financial Aid (207) 453-5822How to Apply
Application Process
Applicants must apply through the KVCC Office of Student Financial Aid. Contact information:
Required Materials:
Note: Specific application form details not provided on website. Contact Financial Aid office for complete application process. Documentation of loan repayment status must be resubmitted before each semester's scholarship is applied.
Focus Areas & Funding Uses
Fields of Work
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