Applying for Financial Aid
Obtaining and renewing financial aid at Thomas More College is not as daunting as it may first appear. While you must complete certain steps, the Office of Financial Aid has developed this easy-to-follow process to make receiving financial aid as easy for you as possible. Because aid is awarded on a first-come, first-serve basis, be sure to complete all necessary forms as early as you can.
1. Apply And Become Accepted
Upon your acceptance to Thomas More College, you will receive an acceptance package from the College that includes a Scholarship Award Letter. This letter will list the academic and institutional scholarships you are automatically eligible to receive.
2. Complete Your FAFSA
To apply for federal student aid and state aid awarded to residents of Kentucky, you must complete the Free Application for Federal Student Aid (FAFSA). The FAFSA form is available from any high school counselor, college or university financial aid office, and online at www.fafsa.ed.gov.
When you file the FAFSA, be sure to add Thomas More College to the "College to Receive Information" section of the application. (TMC's school code is 002001.) You must list Thomas More College in this section in order for the College to receive your FAFSA results. Once the College receives those results, the financial aid office will determine the amount and type of federal and state aid you will receive. The financial aid office will send you a letter listing all federal and state aid you are eligible to receive with a packet containing instructions on how to secure that aid. All applications are processed without regard to sex, age, creed, handicap, or national origin.
You may begin applying for financial aid for the next school year as early as January 1. In order to receive priority consideration for financial aid from Thomas More, you must file your FAFSA and be accepted to the College by March 15. Applications received after this date will be awarded with any remaining funds. To give yourself the best chance to receive the most financial aid possible, apply early.
Some households will be selected by the federal processing center for a process called verification, in which Thomas More must collect additional household and financial information. This is an auditing process that promotes more accurate disbursement of federal student aid. No student can receive federal aid until the verification process has been completed. If you have been selected for the verification process, you will be notified by the Financial Aid Office at Thomas More.
3. Apply For Additional Scholarships/Grants
Thomas More College offers a few other institutional scholarships and grants. Students may apply for these scholarships once they are accepted to the College. Click here to view other scholarship opportunities at Thomas More College.
Also, search and apply for outside scholarships and aid. Here are some scholarship search sites we suggest:
- College Board Online
- FastWeb College Financial Aid Search
- Sallie Mae Scholarship Search
- Scholarship America
If you do receive aid from any outside sources, you must contact the Office of Financial Aid at Thomas More College so that we may adjust your financial aid package if needed. If you neglect to contact the Office of Financial Aid, you are in danger of compromising or losing your outside scholarships or grants.
4. Renew Your Financial Aid Every Year
You must re-file your FAFSA each year you are enrolled in college to continue receiving federal and state aid. The priority deadline for submitting a FAFSA for upperclassmen is also March 15. Contact the Office of Financial Aid early during the spring semester for more details on renewing your financial aid for the upcoming school year.
5. Award Notification
When your FAFSA data has been received from the Department of Education federal processor, you will be awarded the financial aid for which you are eligible to receive. First time students will receive an award packet outlining your financial aid award. The packet will include other information including the terms and conditions of the aid. Returning students will receive an e-mail notification directing you to MYTMC where you can view your aid packet.
6. Method and Frequency of Applying Financial Aid
Approximately two weeks after the start of the semester financial aid will be posted to the student's account for all aid that is ready to be posted. Thereafter financial aid will be posted on a weekly basis for any aid that remains to be posted until the end of the semester/session. Prior to the start of school students can view their accounts for the upcoming semester or session on MYTMC. The student's account on MYTMC will show the amount of institutional charges and the amount of financial aid that will be applied towards those charges. Registration bills will be sent out weekly as the students register to inform them of the amount they will need to pay. Students who still owe an account balance after aid is applied are required to pay the difference by the deadline stated on their registration bill.
7. Refund Checks
Students with a credit balance prior to the start of classes may use all or part of that credit to charge books in the bookstore. Credit balance checks due to students in the form of a refund will be processed approximately 14 days after financial aid has been posted to their account. Students will receive an e-mail notification from the Bursar when the refund checks are ready to be picked up.