National College-Funded Financial Assistance Programs

National College Opportunity Grant

The Opportunity Grant is awarded and funded by National College. It is designed to match outside grant and scholarship funds provided by defined social, local, and civic organizations. An Opportunity Grant Calculation Form will be completed by the Student Services staff for eligible students.

A Public-Private Partnership - Workforce Development Grant

This program, exclusive to National College, provides matching funds to many federal, state, and local workforce development and worker retraining programs. Over the past decade, National has provided more than $3.5 million in matching funds to over 1,300 students. Up to $6,000 per year may be awarded through this grant to supplement programs such as the Workforce Investment Act, Trade Adjustment Act, Vocational Rehabilitation, and similar programs.

Helping Companies Invest in their Employees - Business Partnership Grant

Another program unique to National College, the Business Partnership Grant supplements employer-provided tuition assistance to qualified students. National College will match up to $1 for every $2 that your employer provides in tuition reimbursement funds. The college allocates up to $2 million per academic year for this grant.

Work Study

National College offers an institutional work-study program which provides additional opportunities for students to help finance their educations. Whenever possible, work study employment is designed to improve students' business skills and to provide experience for the business specialization in which they are enrolled.

Advanced Payment Option

Any student who pays charges of $100 or more for tuition, fees, books or supplies by cash on or before the first day of the term will receive a 5% discount on that portion of the charges paid by cash (discount not available to students at Ohio and Tennessee campuses.) In addition, any student who makes cash payment for the full tuition charge (discounted or undiscounted) for any course on or before the first day of the term will receive the book(s) for that course free of charge (books at no additional cost not available to students at Tennessee campuses).

Tuition Payment Plan

Any student who enrolls in the payment plan will have the option to make three payments each term. The first will be made on or before the first day of class, the second will be made on or before the 1st of the next month, and the final will be made on or before the 1st of the 3rd month. In addition, if payments are current and paid on-time, students can get books at no cost for some or all of their classes. A student services representative at a local campus can determine how many books a student may get at no cost. (books at no cost are not available at Tennessee Campuses).

 

Federal Financial Assistance Programs

Pell Grant

This program was established for undergraduate students who have not completed a first baccalaureate degree. Eligibility is determined according to a formula established by the federal government. Eligible students who attend less than full-time may also be eligible to receive a reduced award.

Supplemental Educational Opportunity Grant (SEOG)

The Federal Supplemental Educational Opportunity Grant (FSEOG) program is for undergraduates with exceptional financial need. Pell Grant recipients with the lowest expected family contributions (EFCs) will be considered first for a FSEOG. Just like Pell Grants, the FSEOG does not have to be repaid. For more information, visit the Federal Supplemental Educational Opportunity Grant website.

Federal Work Study Program

This program provides part-time employment for students with financial need. Jobs may be provided on or off campus, with work schedules determined by the employer. Work schedules may not conflict with students' class schedules. Employment under this program is dependent on the availability of federal funds.

Stafford Loans

Stafford loans are made available to students attending college on at least a half-time basis through the William D. Ford Federal Direct Loan Program. Within these programs there are two types of loans: subsidized loans (those subsidized by the federal government) and unsubsidized loans. A student may qualify for one or both, depending upon eligibility. Repayment is made in installments, generally beginning six months after a student leaves school or from the point his or her enrollment status falls below half time. The federal government pays interest on the subsidized loan until repayment begins and during authorized periods of deferment. Students with unsubsidized loans are charged interest from the time the loan is disbursed until it is paid back in full.

PLUS Loans

Parent Loans for Undergraduate Students are available to the parents of dependent students. This loan program is made available for students attending college on at least a half-time basis through the William D. Ford Federal Direct Loan Program. These unsubsidized loans enable parents to borrow up to the cost of attendance minus other aid received by the student. Repayment is made in installments beginning upon the final disbursement within the first loan period. Interest is charged from the time of disbursement until the loan is paid in full.

Perkins Loans

This program was established to provide a low interest loan for undergraduate students with exceptional financial need. Range of New Awards for 2010 (from Ed.gov website): Up to $5,500 per year for undergraduates; up to $8,000 per year for graduate students. Interest begins to accrue when repayment begins, nine months after a student leaves school.

Iraq and Afghanistan Service Grant

This program was established for children of military personnel killed as a result of service in Iraq or Afghanistan after Sept. 11, 2001. To qualify, the student must have been less than 24 years of age or enrolled at least part-time at an institution of higher education at the time of the death of their parent or guardian. Payments are adjusted for students enrolled on a less than full-time basis.

• Perkins Awarding Policy
• SEOG Awarding Policy
• Federal Work Study Awarding Policy

Education Benefits for Spouses -- My Career Advancement Account (MyCAA)

Military spouses may receive education benefits through the MyCAA program when pursuing approved degree programs, licenses or credentials. Whether you are starting your journey through one of our programs, or are returning to complete your degree, National is here to provide you with answers to your questions.

Click here for details regarding the MyCAA military education program for spouses.

Additional information regarding the federal aid programs is available in the college Catalog or in the Financial Planning Office at each campus location.

 

State Financial Assistance Programs

Kentucky College Access Program (CAP)

This program is funded by the Commonwealth of Kentucky for students who are attending college in Kentucky and are enrolled in a two-year program. First- and second-year college students apply for the grant by filing the Free Application for Federal Student Aid (FAFSA). Eligibility for this program is based, in part, on financial need and award amounts are determined by legislative approval.

Kentucky Educational Excellence Scholarship (KEES)

This merit scholarship is funded by the Commonwealth of Kentucky for Kentucky high school graduates or GED recipients attending college in Kentucky. Award amounts are determined by the student's academic performance in high school. Supplemental awards may be made based on a student's ACT or SAT score. Award amounts currently range from $125 to $1500 per year.

Ohio Academic Scholarship Program

This program provides competitive, merit-based financial assistance to the state's most academically outstanding high school graduates for enroll for full-time undergraduate study at an Ohio college. Application is made through the student's high school guidance office after January 1 of each year.

Ohio Safety Officers College Memorial Fund

This program provides assistance to the children and spouses of peace officers, fire fighters, and certain other safety officers who are killed in the line of duty, anywhere in the United States. Recipients must be Ohio residents.

Ohio War Orphans Scholarship Program

This program awards tuition assistance to the children of deceased or severely disabled Ohio veterans who served in the armed forces during a period of declared war or conflict. Applicants must be Ohio residents under the age of 25 and enrolled full-time in an undergraduate program.

Tennessee – Dependent Children Scholarship Program

This program provides aid for Tennessee residents who are dependent children of a Tennessee law enforcement officer, fireman, or an emergency medical service technician who has been killed or totally and permanently disabled while performing duties within the scope of such employment. The parent must be a Tennessee resident and have been on duty when the incident occurred. The scholarship is awarded to full-time undergraduate students attending eligible Tennessee institutions.

Tennessee – Ned McWherter Scholars Program

This program is intended to encourage academically superior Tennessee high school graduates to attend college in Tennessee. Tennessee high school seniors starting their last semester in high school may apply. To be eligible, applicants must be a Tennessee resident and U.S. citizen; have an unweighted high school grade point average of at least 3.5, and have a minimum composite score of 29 on the ACT or 1280 on the SAT (math and critical reading only).

Tennessee Student Assistance Award Program

This program is funded by the state of Tennessee for students attending college in Tennessee. Students apply for this program by filing out the Federal Application for Federal Student Aid. The award amounts are determined by the TSAC Board of Directors.