Special Circumstances Scholarship - Students in Student Loan Default Status

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

Eligibility Requirements

• 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

Award Details

• 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

Important Notes

• 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

Application Process

Applicants must apply through the KVCC Office of Student Financial Aid. Contact information:

• Phone: (207) 453-5822
• Location: KVCC, 92 Western Avenue, Fairfield, ME 04937

Required Materials:

• Demonstration of unmet financial need (FAFSA methodology)
• Proof of matriculation in KVCC program
• Proof of Maine residency
• Current cumulative GPA documentation (minimum 2.0)
• Documentation of defaulted student loan and repayment plan terms
• Proof of initial payment according to repayment plan before scholarship disbursement
• Proof of monthly payment compliance for each semester scholarship is requested
• Final course enrollment documentation (after add/drop period)

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.