You may only receive federal financial aid funds one time for retaking previously failed coursework. As an example, if you are retaking a previously failed course to meet an academic standard, such as to receive a minimum grade, you may receive federal financial aid funds only for the first time you repeat a previously failed course. In addition, if you are required to retake previously passed courses because you failed a course in a prior term, you cannot be paid for retaking the previously passed coursework. For example, if a student enrolls in four classes in the fall semester and passes three of them, an institution could require the student to retake the failed class and also require the student to retake the other three classes because of failing the one class. If the student retakes the four classes in the spring semester, the failed class would be included in the student’s enrollment status for financial aid purposes, but the three classes passed in the fall would not. The state aid programs (such as KEES and CAP) will follow the same rules as the federal programs.
If you submit a degree application for graduation, your financial aid must be reviewed and potentially prorated. This may require a re-calculation of your eligibility based on the hours you are enrolled.
If you received aid from a third party source for one term, the Student Financial Aid Office will not place an estimate on your account for the upcoming term. The third party source will need to submit notification of a subsequent award to the Bursar. The Student Financial Aid Office will update your financial aid award based on notifications from the Bursar.
We establish our annual awarding philosophy, including award minimums, maximums, and EFC cutoffs according to federal, state, and institutional guidelines. We reserve the right to use professional judgment and to make exceptions to our awarding philosophy.
We assume you will accept all standard scholarships and grants listed on your award notification; therefore, you do not need to accept these awards. The Federal Work Study, Federal Subsidized Loans, Federal Unsubsidized Loans, Federal Parent PLUS Loans, Graduate PLUS Loans are an exception. TEACH Grants require action by you because it may become a loan if service obligations are not met. If you are awarded a TEACH Grant, you must accept it if you are interested in participating the program. If you want to reduce or decline any of these awards, please follow the instructions for reviewing, accepting, reducing, and declining awards via your student self-service access, WIRED at www.kysu.edu If you prefer, you may reduce or decline an award by submitting a signed statement regarding your adjustments to the Student Financial Aid Office.
Once you receive an award notification, if you have been offered a federal loan, Federal Work-Study award, or a TEACH Grant, action is required from you to accept, reduce, or decline your award.
It is important to understand awards are contingent upon continued funding from federal, state, and institutional sources and state legislative decisions regarding tuition. Awards are subject to change and may be rescinded or reduced if funding is insufficient or discontinued. Kentucky State University tuition, fees, and room and board charges are subject to change by the Board of Regents and the Kentucky Council on Postsecondary Education. All financial aid awards are subject to change or cancelled if it is determined you do not meet the eligibility requirements. We fully intend to be able to adequately fund any commitments which are made to you, but there is a possibility a program may be discontinued or funds may not be appropriated to the university. If this happens, we will revise your award or withdraw the offer and notify you via WIRED.
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