Financial Aid

We believe that financing college costs is a three-way partnership between Central College, the student, and the parent. Our goal is to make Central accessible to as many families as possible.

Investing in your education is the best economic decision you can make.

Educational Investment

You may have concerns about college affordability and your educational investment. Please be assured Central College is committed to doing all we can to assist you and your family.

Scholarships and Grants

Central awards financial aid to families from all different economic situations. All students are awarded some type of Central scholarship or grant.

FAFSA

Be sure to file your Free Application for Federal Student Aid (FAFSA) after January 1st.

Loan Information

Many Central families take advantage of federal loans to help finance college. Be assured that the federal government has allocated dollars for students and families and have reduced requirements for receiving funds. Students must file a FAFSA to be considered for low interest government student loans and the “PLUS” loan (Parent Loan for Undergraduate Students). Numerous types of loans for college students and parents are available.

Monthly Payment Plan

Central offers a monthly, interest-free payment plan. This gives you the flexibility of paying over several months rather than in one payment.

Financial Aid Appeal Forms

Should your family financial situation change after you have completed the FAFSA form, please notify our Financial Aid Office and fill out these forms to document your situation. Changes may be considered both before and during the academic year.

Tax Relief

Tax Relief options may be available to you. Check with your accountant or tax preparer to determine your eligibility. The Hope credit and Lifetime Learning credit are both doubled for 2008 and 2009 for parents whose adjusted gross incomes are within the defined limits.