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KCTCS

Learn about the Kentucky Community and Technical College System (KCTCS) and its commitment to providing affordable education options for students. Explore student profiles, financial assistance types, and the importance of financial literacy. Discover debt management practices and resources available to help students succeed.

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KCTCS

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  1. The Kentucky community and technical college system Budget Review Subcommittee on Postsecondary EducationPresident Jay K. Box

  2. KCTCS • The Kentucky Community and Technical College System was created in 1997 by the General Assembly with the introduction of House Bill 1, the Postsecondary Education Improvement Act. • KCTCS is a system of 16 independently accredited colleges that serve all 120 counties and collectively enroll more than 40% of the state’s undergraduate population.

  3. KCTCS • KCTCS students have multiple options for their educational path: • Short-term certificates that can be earned in a year or less • Associate’s degrees that can be earned in two years • All offered at a tuition rate about half of the other public institutions in Kentucky. • Many KCTCS students earn their credential and go directly into the workforce. While others start at a KCTCS college before transferring to a four-year university.

  4. Presentation • The KCTCS Student Profile • Comparative Data • Types of Financial Assistance • Student Financial Literacy and Understanding Loan Debt

  5. KCTCS Student Profile • Enrollment: 107,683 • Part-Time Students: 47% • Full-Time Students: 53% • Credential Seeking Students Receiving Financial Aid: 78% • Independent Students: 57% • Average Income: $24,102 • Total Financial Aid Awarded: $295,116,460

  6. Annual Cost of Attendance (COA)

  7. COA at 2 Year Institutions Contiguous States

  8. KCTCS – Affordability and Accessibility

  9. Types of Federal/State Student Aid

  10. Types of Federal Student Loans

  11. Additional Financial Data

  12. Student Financial Aid Literacy College financial aid offices cannot tell a student how much he or she should accept in aid; students are entitled to the full amount they qualify for, regardless of need. Thus, financial literacy is a must for our students. • All student borrowers receive Entrance and Exit Counseling as required by law to borrow federal loans. • All colleges provide financial literacy training either through First Year experience (FYE) classes, college orientation or through web resources. • All colleges routinely provide additional financial literacy awareness information.

  13. Debt Management Practices • KCTCS contracts with two loan default prevention vendors – KHEAA and EdFinancial. • Early Intervention Strategies • Repayment Education • Delinquency Resolution • KCTCS colleges utilize several strategies to help individuals in default: • Text and email reminders to use available resources (such as the National Student Loan Database System and the DOE’s Federal Student Aid Website) • Calling campaigns to offer student loan repayment guidance

  14. We offer the most affordable education in Kentucky and we are dedicated to keeping higher education accessible for all Kentuckians.

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