Paying for college can seem like a daunting task. Don't worry though! We are here to help and have multiple ways of providing you with the resources you need to pay for school. 

Financial Aid Forms

Includes verification, satisfactory academic progress, student employee, loan adjustment/cancellation, VA, and consortium agreement forms.

Default Prevention

CFK’s Financial Aid Office is available to help you make the best decisions for your financial future. The following information can help you make the best decisions about student loans and improve your financial literacy. If you need assistance with making financial aid decisions or if you have questions about repayment, please contact the CFK Financial Aid Office.

Applying for Financial Aid

Financial Aid Eligibility
To be eligible for any type of Federal, State or Institutional financial aid you must adhere to the following requirements:

  • Be a U.S. citizen or eligible non-citizen.
  • Have a valid social security number.
  • Be admitted into a degree-seeking program.
  • Maintain satisfactory academic progress (a 2.0 or higher GPA).
  • Enroll in only those courses that apply to your primary degree program.
  • Be enrolled in at least 3 credits to receive Pell grants.
  • Be enrolled in at least 6 credits to receive student loans.
  • If you are a male of at least 18 years of age, you must be registered with selective service.
  • To retain eligibility you must maintain satisfactory academic progress.
  • If you have attended other institutions before CFK, all official transcripts must demonstrate satisfactory academic progress for aid to be authorized.

How to Apply for Financial Aid

  • Complete a FAFSA, the Free Application for Federal Student Aid.  
  • Complete the application based on the term they plan on attending:
    • For terms Fall 2021 / Spring 2022 / Summer 2022: FAFSA will be available October 1, 2020. 
  • Students are encouraged to utilize the IRS Data Retrieval Tool in the “Financial Information” portion of the FAFSA. This will expedite the financial aid process. 
  • The College’s Federal school code is 001485.

What Happens Next?



Student types:

Dependent Students (Under 24, not married, no children, no military service)
Independent Students (Over 24, married, has children, served in the military)

Students who are selected for verification must request a Tax Return Transcript from the IRS. There are three ways to request a free tax return transcript:

  1. Online
  2. Telephone 1-800-829-1040
  3. Form 4506T-This is the only way to request that a transcript is sent to an address other than the address used on the original tax return.

Once verification is complete on a student file, the appropriate Federal Financial Aid may be applied. Pell Grants are automatically authorized to student accounts. Award letters are periodically created and emailed to students. 

Book Vouchers

If you are enrolled in courses and you aid exceeds your charges, you will be able to use your excess aid to purchase books at the CFK Bookstore. You can use up to $600 (or $900 if you are a Nursing student).

Students wishing to use their CFK Book Voucher must have their schedule and student ID number ready.

Students in the Lower Keys should visit the bookstore on the Key West Campus to save shipping charges.

The new bookstore can be accessed by going to:

  • First-time students must register and sign-on to eFollett’s CFK store front.
  • Books may be purchased by highlighting BOOKS and selecting Textbooks & Course Materials.
  • Next, you will specify CREDIT courses
  • Then enter your DEPARTMENT. This is the course prefix. For example Nursing courses are NUR.
  • From the SECTION drop-down list, select your course’s CRN
  • Adjust your item selection accordingly, and ADD to your cart
  • When you are done shopping, go to your cart. You will need to select one of the radio buttons listed below and click CHECKOUT
  • Next select your shipping method and continue
  • At the next screen, specify your payment type. Students looking to use their book voucher should select FINANCIAL AID; enter last name, enter CFK student ID and click CONTINUE CHECKOUT
  • Click COMPLTETE MY ORDER to finish
  • Order confirmation will be emailed to you

CFK’s Business Office will post a charge to your student record in the amount of your voucher. This charge will be updated before financial aid disbursement to reflect your actual Follett charges. If you have questions about term charges, please call the Business Office at 305-809-3186. Unused book voucher amounts are refunded to students.

Please be aware that, in the event a student loses some or all Financial Aid eligibility after a bookstore voucher is issued, the voucher amount will be decreased or reversed. If the student has purchased books with the voucher, he or she will be billed by CFK for any resulting balance due.

Cost of Attendance - Net Price Calculator

Estimated Cost of Attendance

Each year CFK develops student expense budgets (cost of attendance), using U. S. Dept. of Education guidelines. Cost of Attendance is used to determine students’ financial need at CFK. Student expense budgets include approximate tuition and fee costs as well as allowances for the cost of books and supplies, transportation, food, housing and personal expenses.  These expense budgets represent the maximum amount of financial aid that students may receive from all sources, including student loans.

The variable factors that are used to construct the student expense budget include:

  • Where the student lives (at home with their parents/relatives, not at home). 
  • The student’s legal state of residency.
  • The student’s enrollment status (the number of credits for which the student enrolls).

The schedule of tuition and fees at CFK 

2020-21 Undergraduate Full-Time Student Cost of Attendance


Tuition & fees

$2,616 $2,616 $2,616
Books & supplies $1,413 $1,413 $1,413
Room & board $4,370 $18,620 $13,282
Transportation $2,949 $2,949 $800
Personal Expenses $1,477 $1,477 $1,451
Estimated total cost $12,825 $27,075 $19,562


*Figures are based on an undergraduate student taking 12 credit hours per term for two terms (fall and spring). Out of State students should add $9,886 to tuition/fees. Tuition and fees are projected estimates and are subject to the change by CFK Board of Trustees’.

Cost of Attendance are estimates used for the purpose of Financial Aid.

For Housing cost information, please go to: Lagoon Landing

Use the Net Price Calculator to formulate an estimate of cost of attendance based on your residency and living accommodations.

Federal Direct Loans

Loans are funds that students apply for that have to be paid back. There are a variety of loans available, some are better for the borrower than others.

  • Federal Direct Loans that require a FAFSA application to apply.
  • Students must be enrolled in a minimum of 6 credit hours to be eligible to receive loans. Students with courses that begin later in a given term will not receive loans until they begin a total of 6 credit hours.
  • Repayment on Direct Loans doesn’t start until 6-months after the student leaves school.
  • Subsidized Direct Loans have no interest while the student is in school at least half-time. **Not all students qualify for Subsidized loans.**
  • Unsubsidized Direct Loans accrue interest while the student is in school.
  • Parent PLUS Loans are Federal loans that a parent can apply for their child’s education. CFK requires that a FAFSA application be completed to be eligible.

Financial Aid FAQ

Answers to most financial aid questions can be found at


Disbursement – How is aid paid to me & when?

Student financial aid such as Pell, SEOG and Direct Loans are awarded to student accounts as authorizations. Approximately four weeks after the term starts, financial aid is paid to student accounts through the disbursement process.
There is an EXCEPTION for student loans:
  • Students that request a loan for one term or who are on financial aid probation will receive their funds in 2 disbursements. The first payment will be made on the normal disbursement date. The second payment will be made after 60% of the term has been completed.
On DISBURSEMENT DAY, the Financial Aid and Business Offices will be busy with the following tasks:
  • Verify student attendance/enrollment – loan funds are not paid to students that have less than 6 credit hours of attendance
  • Calculate student credit balances from financial aid and student term payments
  • Subtract all student charges for tuition, fees, books
  • Calculate refunds after term charges
  • Generate refund checks
  • Mail checks to students

What is CFK’s federal school code?

CFK’s Federal School Code is 001485.

What is the FAFSA?

  • The FAFSA is the Free Application for Federal Student Aid.
  • You need to fill out the FAFSA to be eligible for grants, work-study jobs, student loans and scholarships.
  • You can apply online at
  • To complete your application, you will need a FAFSA ID to electronically sign your FAFSA. This is to ensure your privacy and security. You can obtain your FAFSA ID at

When should I apply for financial aid?

The FAFSA is available every year on October 1st for the following school year. You should apply early even if you are not planning to start school until the summer or fall. That way you can figure out how you are going to pay for school before you begin. A student must have valid ISIR data/paper SAR at the institution prior to the last day of enrollment at that campus to be considered for payment.

I do not think I will qualify for financial aid. Should I still apply?

Yes. Many scholarships and state grants require completion of the FAFSA at
Do I have to reapply for financial aid each year? 
Yes, you must apply for Financial Aid each year. You can apply online at

Do I have to wait for admission before applying for financial aid?

No, but you do have to be admitted and registered to receive financial aid.

Do I have to be enrolled full-time to receive financial aid?

No. In some cases if you are eligible for financial aid, the amount of aid you receive will be determined by the number of credits you are enrolled in. Be aware that some grants, scholarships and loan programs do require students to be enrolled at least half-time or full-time in order to be eligible.

If I am a Non-U.S. Citizen can I still receive financial aid?

Yes if you are determined to be an eligible non-citizen. The following types of non-citizens are eligible for federal financial aid:
US Permanent Residents with a Permanent Resident Card (I-551) or Conditional Permanent Resident (I-551C) or those with an Arrival-Departure Record (I-94) showing the destinations of Refugee, Asylum Granted, Parolee or Cuban- Haitian Entrant or those with an Immigration Court document approving Asylum or documentation or entering the U.S. under provisions of the Victims or Trafficking and Violence Protection Act are eligible for federal financial aid. 

Are international students eligible to receive state or federal financial aid? 

No. There are, however a number of privately funded scholarship programs for International students. Go to to explore your options.

What does ‘EFC’ stand for?

The term EFC stands for: Expected Family Contribution. Your Expected Family Contribution (EFC) is the number that’s used to determine your eligibility for federal student aid. The EFC is not the amount of money that your family must provide.

What is a Pell Grant? How can I get one?

Pell Grants are federally-funded, need-based, cash grants given to college students to help pay for college. Pell Grants can be awarded up to $6345 for the 2020-21 school year. Pell Grants do not have to be paid back. Fill out the FAFSA to be considered for a Pell Grant.  Any Pell Grant-eligible student whose parent or guardian died as a result of military service in Iraq or Afghanistan after Sept.11, 2001 will receive the maximum award amount. The student must be under 24 years old or enrolled at least part-time in college at the time of their parent’s or guardian’s death.

What if I am a student at CFK but I want to take a course or courses at another institution? 

Students can only receive financial aid through one institution at a time. If you want to take courses elsewhere temporarily you must complete the Transient Student Association Application at Florida Virtual Campus and a Consortium Agreement. It is the students responsibility to transfer funds received to pay funds due elsewhere. CFK does not pay fees at other institutions directly.

What do I need to do to allow a third party (parent, spouse, etc) to discuss details of my student account with CFK? 

The Family Educational Rights and Privacy Act (FERPA) does not allow details of a student’s account to be disclosed to a third party without written permission from the student. A completed FERPA Consent Form must be submitted to Enrollment Services before staff members will discuss any specific details regarding a student.