Financial Aid
Financial Aid Process
Don't wait to find the funds you need. Early completion of your FAFSA and any necessary documents allows for a more timely preview of the financial aid available to you. Please feel free to contact our office if you have any questions.
Students are obligated to repay any federal student loans that have not been repaid and are not in deferment or forbearance. Please go to studentaid.gov to review your information about repayment options. You may also log in to your studentaid.gov account to update your profile with current contact information and ensure that your loans are in good standing. If you have questions about your student loan, please contact your loan servicer.
or call 620.901.6305
Allen Community College is committed to providing accurate and timely updates on how new legislation may impact your financial aid.
ONE BIG BEAUTIFUL BILL ACT (OBBBA)
Signed into law: July 4, 2025
The OBBBA is the budget reconciliation package that was approved by Congress that includes a broad range of changes to federal financial aid, effective the 2026-2027 academic year.
Key Changes to Federal Financial Aid:
FEDERAL PELL GRANT: Beginning with the 2026-2027 academic year students that are receiving enough non-federal grants and scholarships to cover 100% or more of their estimated cost of attendance (COA) will no longer be eligible for Federal Pell Grant.
FEDERAL DIRECT SUBSIDIZED/UNSUBSIDIZED LOANS: Beginning with the 2026-2027 academic year students enrolled less than full-time and borrowing federal direct loans will have their loan amount prorated based on enrollment. Decreases in enrollment at any point during the academic year can have an impact on a student's future disbursement amount.
FEDERAL DIRECT PARENT PLUS LOANS: Effective July 1, 2026 there are annual and lifetime aggregate limits on Parent Plus loans. Parents of dependent undergraduate students will be able to borrow up to $20,000 per academic year for their student (dependent upon cost of attendance minus other student aid received) AND up to $65,000 over that student’s academic career.
ADDITONAL RESOURCES
Here is some more information regarding in-depth changes to financial aid due to OBBBA
Federal Student Aid's One Big Beautiful Bill Act Updates
Federal Student Aid's July 18, 2025 Dear Colleague Letter
NASFAA's One Big Beautiful Bill Act Summary Chart
