For parents of dependent students to help pay for their children's education. Parents are responsible for all interest charges. In order to apply, a parent must complete a PLUS Loan Request form, and the Federal PLUS Application and Master Promissory Note (MPN) at www.studentloans.gov. The parent will be notified if he/she is eligible for the PLUS loan. Generally, the parent is eligible if he/she does not have an adverse credit history (a credit check will be done), is not in default on a federal student loan (including Federal PLUS loans) and meets the other eligibility requirements outlined on the loan application. The interest rate is variable and is adjusted each year on July 1st but is currently capped at nine (9) percent. The interest begins to accumulate on the date of the first loan disbursement. The loan will be disbursed in at least two payments and generally will be credited to the student's account for payment of tuition and other school charges. Any leftover funds will be paid to the parent by check or, with his/her written permission, paid directly to the student. The repayment period begins on the day the loan is fully disbursed. If a deferment of payment is not requested when establishing the PLUS Loan, the first payment is due within 60 days after the final loan disbursement. The U.S. Department of Education's Direct Loan Servicing Center manages Direct Loan Accounts and handles all payment plans.
The Federal Work-Study Program provides jobs for students who have established financial need through the U.S. Department of Education. This is completed by filing the FAFSA. FWS approved positions are on campus. Students are paid semi-monthly as work is completed.
The Academic Scholarship Program at Kentucky State University is designed to recognize and reward students who have exemplified academic excellence. The University offers a variety of academic and nonacademic Scholarships/Grants-In-Aid for incoming first-year students (graduating high school seniors), returning, and transfer students. Scholarships are awarded on a competitive basis and are renewable for subsequent semesters. Interested graduating high school seniors and transfer students should contact the University's B.R.E.D.S Office (Admissions) and returning students should contact the Office of Financial Aid for appropriate application materials. For information on available scholarships, including requirements, view the Scholarship Handbook from the Office of Admissions, www.kysu.edu/admissions.
Institutional scholarships are monitored by Student Financial Aid and the University's Scholarship Committee. The committee is charged with conducting an ongoing review of scholarship policies, fees, and monitoring the award of all institutional scholarships for compliance with university regulations. Graduating high school seniors will be notified by the Admissions Office. Returning scholarship candidates will be notified of their scholarship status throughout the academic year as funds become available via their Wired Account by the Office of Financial Aid (Academic Services Building 349; 502-597-5960; www.kysu.edu/financial-aid).
Scholarship Application Deadline: January 15th annually.
All students must meet the following criteria in order to be considered for a scholarship award:
Note: Awards that include room/board will be made only to students residing in University housing.