The Bursar's Office offers several payment plans students may use to settle their bills. Information on these plans is available online at the Bursar's Office website.
An alternative student loan (also referred to as a private or outside student loan) is not a federal student loan, but one through a private bank or other lending institution. Alternative loans may have interest rates, repayment terms, and deferment options that are less favorable than those of the Federal Direct, Perkins, Parent PLUS, and Graduate/Professional PLUS Loan programs.
Please contact the Student Financial Aid office for the Private Education Loan Applicant Self-Certification Form and submit this form to his/her lender. This form is intended to serve two purposes: (1) informing the borrower about other options for financing his/her education; and (2) providing information to the lender about the student's educational expenses and other aid. The private loan application and disbursement process will not be completed until the signed Private Education Loan Applicant Self-Certification form has been received by the lender. If the student does not complete, sign, and submit the form within 120 days of his/her submitting the credit application to the lender, the loan will be canceled by the lender.
For more information regarding Alternative educational loans, please visit FAST CHOICE at https://choice.fastproducts.org/FastChoice/Welcome.do?configId=1338905810502
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In determining whether you have financial need, the university maintains certain principles and practices. First, the primary responsibility for financing your education rests with you and your family. Second, financial aid is a resource, which is only available to fill the gap between your family's contribution and your yearly cost of education. Third, in determining your family's ability to contribute toward the cost of a college education, the institution must utilize a fair, consistent, and equitable method of measuring a family's resources. The process of need analysis utilized at Kentucky State University is the federal methodology (FM) as approved by the U.S. Congress and calculated by the U.S. Department of Education.
In determining need, many factors are considered, potentially including the taxable income of your parents, you the student, and/or spouse, value of assets, untaxed income, number of people in the household, and number of family members in college.
Once we have received and processed any requested documentation from you, your application for financial aid at Kentucky State University is reviewed and an award notification is sent via WIRED. You will also be notified via WIRED if and when a revision is made to your awards.
You are not packaged or awarded federal or state need-based aid until you are fully admitted to the university.
In an effort to establish a consistent means of packaging financial aid, we have established the following minimum standards for awarding student financial aid:
You will not be awarded federal or state need-based aid until you have a complete financial aid file, including the annual submission of an official FAFSA, all requested documents, and an active application in our computer