In addition to the Deferred Payment Plan, Kentucky State University offers a Monthly Payment Plan. This Plan enables families to spread all or part of their annual educational expenses over ten equal, monthly payments. This eliminates the lump sum payment usually due at the start of each semester. There is a $40 annual service fee. The plan is flexible and may be adjusted at any time throughout the duration of the process. There are no interest or other charges. Further information, is available at the Office of Financing and Collections at (502) 597-6278.

Personal checks are accepted campus wide for a variety of services (e.g. tuition and fees, day care, traffic tickets, bookstore, etc.). With a valid KSU identification card, checks may be cashed by the KSU family. Should the check be returned from the bank, however, for whatever reason, a returned check fee will be assessed to the individual's account. A person cannot have more than two (2) returned checks in a given semester. If more than two checks are returned, check cashing privileges will be revoked.

Any check written during registration greater than 100 which is returned from the bank will result in that particular student's classes being dropped from the system. Upon receipt of the returned check, the issuer will be notified and informed they have ten days to make restitution*, including any related fees, to prevent any further collection activity. After the ten day period has expired, the returned check will be forwarded to the County Attorney in Frankfort for collection purposes.

*Restitution must be made in the form of cash, certified check or money order.

Students withdrawing from the University or dropping semester credit hours which result in a change in the assessment of fees will be eligible for a refund of fees based on the dates and conditions listed hereafter. No refund can be made on certain fees and optional fees as established by the Kentucky State University Board of Regents. The date of completion of the withdrawal/drop determines the percent of refund for which the student is eligible. A withdrawal/drop is complete when the necessary form(s) have been completed and returned to the designated office.

which the student is eligible. A withdrawal/drop is complete when the necessary form(s) have been completed and returned to the designated office.

For purposes of calculating refunds, "weeks" are counted as seven-day periods beginning with the first day of classes for the semester. Refunds will be issued on canceled classes and early withdrawals in accordance with the institutional refund policy. Refunds to be issued from Title IV financial aid will be issued within fourteen days from the date funds are applied to the student's account resulting in a credit balance. Questions concerning refunds should be directed to the Bursar's Office (ASB Lobby).

Any students who receive a Title IV financial aid Pell Grant, Federal SEOG, Federal Perkins Loan, Federal Direct or PLUS loans and withdraw from University are subject to the Return of Title IV Funds regulations. Students with funds from any of these programs “earn” their financial aid dollars while enrolled. If a student withdraws prior to completing 60% of a term, a prorated portion of his/her federal financial aid dollars must be considered “unearned” and returned to the federal programs. Unearned financial aid dollars which have to be returned to the federal programs could cause students to owe the University a significant amount upon withdrawal. Failure to return aid back to their federal programs will result in loss of eligibility for federal financial aid assistance.

Federal funds to be returned are distributed to the programs as follows:

Unsubsidized Federal Direct Stafford Loans

Subsidized Federal Direct Stafford Loans

Federal Direct PLUS Loans

Federal Perkins Loans

Federal Pell Grants

Federal Supplemental Educational Opportunity Grants (FSEOG)

Other Student Financial Aid Programs

Other federal, state, private, or institutional sources of aid

The Student

Those students who do not receive Title IV aid who withdraw from the University are calculated according to the following schedule:

100 percent refund — Prior to the first day of classes and during the first week of classes

75 percent refund — During the second week of classes

50 percent refund — During the third week of classes

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