Advisor to report the additional source/resource). Reporting this information to the Office of Financial Aid early will help prevent changes in eligibility that may result in revisions to a financial aid award.
When the Office of Financial Aid identifies an over award, adjustments will be made to the student's aid package to ensure compliance with federal and state regulations. Self-help aid (i.e. loans and work-study) is adjusted before grant or scholarship aid. If an over award occurs after aid has been disbursed, the student may be required to repay all or a portion of their financial aid to the University.
The sum of all institutional aid received by a student cannot exceed Kentucky State University's standard direct costs, to be determined each year. Direct costs include tuition, average room and board, and average book costs. KSU will review each individual student's direct costs to determine the individual's limitation on institutional aid. Any funding paid by Kentucky State University is considered institutional aid. Some examples are admission-based scholarships, departmental awards, employee tuition remission, KRS benefits, housing waivers and benefits, and athletic scholarships.
The Office of Financial Aid at Kentucky State University reserves the right to revise an award at any time due to changes in eligibility, the availability of funds and when a student's total institutional aid exceeds the direct cost of attendance.
Students who are Kentucky residents may be eligible for a grant from the Commonwealth of Kentucky. The annual Free Application for Federal Student Aid (FAFSA) is the application for this award. The applications is available on-line at www.studentaid.gov. To receive this grant, students must submit the FAFSA as soon as possible on or after October 1st of each year. The state of Kentucky will send a notification to applicants regarding their eligibility with this grant program.
The Federal Pell Grant Program is the largest federal Grant program available to undergraduate students. It provides gift assistance to eligible students and is the “foundation” of financial aid packaging. Student eligibility is based on financial need, which is determined through statutory formulas developed by the U.S. Congress. The Federal Student Aid Program will send the Student Aid Report (SAR) to Kentucky State University as requested on the FAFSA. The University’s Student Financial Aid Office will calculate the amount of a student’s Federal Pell Grant award based upon information contained on the Student Aid Report (SAR) and after any/all discrepancies have been resolved or verified.
The Federal Supplemental Educational Opportunity Grant (FSEOG) is a form of gift assistance supplemental to the Federal Pell Grant. FSEOG provides grant assistance to qualified students who demonstrate financial need. Applicants must complete the FAFSA to determine eligibility for this grant.