Financial Assistance: Grants, Loans & Scholarships
 Financial Assistance is available in some form to nearly every student. Financial aid programs include student loans, grants and scholarships.
Spencerian College also employs several deserving students on a part-time basis and is approved for the training of veterans, veteran's survivors, and children of disabled veterans under public laws administered by the U.S. Veterans Administration. Spencerian College also serves client of Kentucky Vocational Rehabilitation. A student who has a substantial handicap to employment may be eligible for financial assistance while training.
The Spencerian College Financial Planning administrators can help you develop the perfect financial aid package according to your needs. Please contact us for more information.
Grants
Federal Pell Grants
- This is a grant for those who qualify
- No repayment is required
- For undergraduates only
- Amount of award varies
 Pell Grants are awards to help undergraduates pay for their education after high school. For many students, these grants provide a "foundation" of financial aid, to which aid from other Federal and non-Federal sources may be added. Unlike loans, grants don't have to be paid back. Pell Grant awards for the academic year will depend on program funding. How much you actually get will depend on your Expected Family Contribution (EFC) number, the cost of education at your school, whether you are a full-time or less than half-time student, and how long you will be enrolled in the academic year.
Federal Supplemental Educational Opportunity Grants (FSEOG)
- This is a grant for those who qualify
- No repayment is required
- Campus-based program
- For undergraduates only
- Amount of award based on need and availability of funds
A Federal Supplemental Educational Opportunity Grant (FSEOG) is an award to help you pay for your education after high school. It is for undergraduate students with exceptional financial need (with priority given to Pell Grant recipients), and does not have to be paid back.
College Access Program (CAP)
College Access Program Grants are for qualified Kentucky students with proven need. Amounts are determined by the Kentucky Higher Education Assistance Authority Grant Program. CAP Grants awards for the academic year will depend on program funding. How much you actually get will depend on your Expected Family Contribution (EFC) number, the cost of education at your school, whether you are a full-time or less than half-time student, and how long you will be enrolled in the academic year. Repayment is not required.
For more information or personal assistance regarding grants or other financial aid, click here to fill out and Information Request Form or contact Brian Highley at the Financial Planning Office at bhighley@spencerian.edu or 800.456.3253.
Institutional Code of Conduct for Education Loans [pdf]
Loans
FFEL Stafford Loans
- Subsidized or unsubsidized
- Student must be enrolled at least half-time
For qualified student borrowers, Direct Stafford Loans are either subsidized or unsubsidized. If you are a regular, degree-seeking student, enrolled in an eligible program of study at least half-time, you may receive a Direct Stafford Loan, as long as you meet other general eligibility requirements.
A subsidized loan is awarded on the basis of financial need. If you qualify for a subsidized loan, the federal government pays interest on the loan until you begin repayment and during authorized periods of deferment thereafter.
An unsubsidized loan is not awarded on the basis of need. If you qualify for an unsubsidized loan, you will be charged interest from the time the loan is disbursed until it is paid in full. You can choose to pay the interest or allow it to accumulate. If you allow it to accumulate, it will be capitalized; that is, the interest will be added to the principal amount of your loan and will increase the amount you have to repay. If you pay the interest as it accumulates, you will repay less in the long run.
Federal Perkins Loans
- This is a loan for those who qualify
- It must be repaid
- For undergraduate and graduate students
- Campus-based program
- Amount of loan based on need and availability of funds
The Perkins Loan is a low-interest loan to help you pay for your education. If you are a new borrower, and you are attending at least half-time, you have a "grace period" of nine (9) months after you graduate, leave school, or drop below half-time to repay your loan. If you are less than a half-time student, your grace period may be different.
PLUS Loans
- Available to parents of undergraduate students
- Requires a credit check or co-signer
- Loan amount is limited to cost of attendance minus other financial aid for which you are eligible
 The PLUS Loan Program enables parents with good credit histories to borrow to pay the educational expenses of each child who is a dependent undergraduate student enrolled at least half-time. To be eligible to receive a PLUS Loan, your parents generally will be required to pass a credit check. Your parents might also qualify for a loan if someone who is able to pass a credit check agrees to co-sign the loan. You and your parents must also meet other general eligibility requirements for federal student financial aid. The yearly limit on the PLUS Loan is equal to your cost of attendance minus any other financial aid for which you are eligible.
Career Education Funds (CEF)
- Loan amount varies according to need up to $4,000
- A minimum $1,000 payment is required during the academic year
Career Education Funds (CEF) are available for students not qualifying for adequate amounts of other financial assistance. The loan amount varies according to need. Students may borrow up to $4,000 and must agree to make a minimum of a $1,000 cash payment during the academic year.
For more information or personal assistance regarding loans or other financial aid, click here to fill out and Information Request Form or contact Brian Highley at the Financial Planning Office at bhighley@spencerian.edu or (800) 456-3253.
Scholarships
Kentucky Educational Excellence Scholarship (KEES)
Kentucky high school students who try to get the most from high school by studying diligently and making good grades (C+ and above) can earn scholarships for college through the KEES program. Students should contact their high school counselors for additional information.
The aggregate volume of scholarships awarded is up to $60,000. Additional information can be obtained from the Admissions Office.
Spencerian Essay Scholarships
Spencerian College – Lexington offers incoming seniors two opportunities to compete for essay scholarships: the Samaritan Essay Scholarship and the Senior Essay Scholarship. Applications are available from the Admissions Office.
Samaritan Essay Scholarship
Students must submit a 500 word essay on the topic of “What a Good Samaritan Means to Me,” along with a completed Samaritan Scholarship Application form. Students should also include two letters of reference from individuals who can speak to the student’s character, ambitions, and achievements. Award amounts range from $500 up to $1,800 and are awarded over two academic years. Submission deadline is May 30.
Recipients must maintain a 2.5 GPA, have continuous full-time attendance, be a positive role model, and demonstrate financial need.
Senior Essay Scholarship
Students must submit a 500 word essay on one of the following topics, along with a completed Senior Essay Scholarship form:
- Who and what have shaped the values you hold today?
- Discuss an experience in which you overcame an obstacle or difficulty while attending school.
- Write about a teacher or guidance counselor who has been a role model to you. What qualities does he or she have that you admire?
Applicants should also submit two letters of reference from individuals who can speak to the student’s character, ambitions, and achievements. Award amounts range from $500 up to $1,800 and are awarded over two academic years. Submission deadline is May 30.
Recipients must maintain a 2.5 GPA and maintain continuous full-time attendance.
Scholarship Days
Spencerian College – Lexington holds two Scholarship Days each year for senior high school students. Each fall, students can compete for scholarships by taking a standardized exam; scholarships are awarded based on exam results. At the Annual Competition Scholarship Day in the spring, students can participate in a scholarship contest in their chosen major field:
- Computer Graphic Design: Students submit work in free-hand art, photography, multimedia, or web design.
- Computer Aided Design Drafting: Students complete a CADD project as determined by the Spencerian College CADD Department.
- Computer Engineering Technology and Computer Information Systems Management: Students are tested on their knowledge of general networking and PC hardware and software. These tests closely simulate the exam environment the students will face when attempting the Comptia Network+ and A+ exams.
- Electronic Engineering: Students build an AM/FM radio from a kit using common electronic components. Students are judged on efficiency, neatness, and the functionality of the completed radio.
- Allied Health: Students compete by taking a Medical Terminology exam.
- Students not participating in one of the above areas are eligible to compete by taking a standardized exam.
Scholarships are awarded in each of the competition areas. Award amounts range from $500 up to $2,500 and are awarded over two financial plans. For more information, please contact the Admissions Office.
Educator’s Day Scholarship
Spencerian College – Lexington provides scholarships to selected educators across Kentucky. These educators have one scholarship, which they may award to a senior student of their choice who attends their high school and is planning on attending Spencerian College. Award amount is $1,000 and is awarded over two academic years. Recipient names should be submitted to the Admissions Office by June 15.
Jesse Higginbotham Scholarship
This scholarship is awarded in memory of Jesse Higginbotham, a former student at Paul Lawrence Dunbar High School. The recipient must be a graduate of Paul Lawrence Dunbar High School with a GPA of 2.5 or above, and must be pursuing a degree in the Technology Program. The award amount is $2,500 and is awarded over two financial plans. The recipient’s name should be submitted to the Admissions Office by May 30.
Frankie Bishop Scholarship
This scholarship is awarded in memory of Frankie Bishop, a former student at Henry Clay High School. The recipient must be a graduate of Henry Clay High School with a GPA of 2.5 or above, and must be pursuing a degree in the Technology Program. The award amount is $2,500 and is awarded over two financial plans. The recipient’s name should be submitted to the Admissions Office by May 30.
Make a Difference Scholarship
As evidence of Spencerian College – Lexington’s support of the WIA Program, WIA participants are awarded participation scholarships as well as scholarships in recognition of achievement in WIA competition events at the WIA Conference. Scholarship amounts range from $250 to 1,500 and are awarded over two financial plans. Recipients must maintain a 2.5 GPA and continuous full-time attendance.
Spencerian Savings Scholarship
In recognition of students’ efforts to save money and support their school banks, Spencerian College will match their contributions up to $500. Students must supply their Admissions Officer with a valid high school bank receipt showing the account balance. Receipts must be received two weeks prior the June and September terms.
Skills USA Scholarship
Spencerian College – Lexington recognizes the accomplishments of students who compete and place in the state Skills USA competition by offering scholarships to those wishing to attend Spencerian College. Scholarships are awarded in varying amounts depending upon the competition and the student’s placement at the event. The recipient must maintain a 2.5 GPA. The scholarship is awarded over two academic years.
Governor’s Scholars
Participants of the Kentucky Governor’s Scholars Program wishing to attend Spencerian College – Lexington are awarded scholarships in varying amounts. Awards can be for full tuition. Recipients must maintain a 3.0 GPA and continuous full-time attendance. The scholarships can be used for the June or September terms.
Tech Prep High School Program
Scholarships are available through Spencerian's Tech Prep High School Program. High schools which have developed a Tech Prep articulation agreement with Spencerian are awarded $500 scholarships to give to seniors who may be considering Spencerian College. The high school may use their own criteria in awarding these scholarships. Each high school will be awarded three Tech Prep scholarships. There will be an additional Tech Prep scholarship for every 100 senior students a school has. The scholarship is awarded over two academic years. The scholarship can be used for the June or September terms.
SCHOLARSHIP OPPORTUNITIES FOR ADULT STUDENTS
GED Scholarship Program
As evidence of its commitment to adult learners in the Commonwealth of Kentucky, Spencerian College will offer scholarships each year valued at up to $1,800 ($300 per term for up to six terms) as a reduction of tuition. Recipients must receive an overall total score of 540 or higher on the GED. Recipients must also meet all other Spencerian College entrance requirements, as well as maintain continuous full-time status and a minimum quarterly GPA of 2.5. This scholarship is available quarterly.
Adult Merit Scholarship
Spencerian College – Lexington offers up to $1,800 ($300 per term for up to six terms) to adult students who display extreme financial need and will be full-time students. Students must maintain continuous full-time status and a 2.5 GPA. This scholarship is available quarterly.
Scholarship Days
Incoming adult students are given the opportunity to participate in four Scholarship Days per year. Students can compete for scholarships by taking a standardized exam. Scholarships are awarded based on exam results. Recipients must maintain a 2.5 GPA and continuous full-time attendance. This scholarship is available quarterly.
Institutional Grant
The Institutional Grant is used for students who may be less full-time and have displayed extreme financial need. This grant is available quarterly.
Make a Difference Scholarship
As evidence of Spencerian College – Lexington’s support of the WIA Program, WIA participants are awarded participation scholarships and scholarships in recognition of achievement in WIA competition events at the WIA Conference. Recipients must maintain a 2.5 GPA and continuous full-time attendance. The scholarships can be used for the June and September terms and are awarded over two academic years.
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