variable and is adjusted each year on July 1, 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, either left in the student's account or paid directly to the student. The repayment period begins on the day the loan is fully disbursed. First payment is due within 60 days after the final loan disbursement. The U.S. Department of Education 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.
Kentucky State University employs students under the Green to Gold Employment Program for up to 20 hours per week. Information about this program may be obtained by contacting the Green-To-Gold coordinator or by visiting the University Student One Stop (SOS) Shop.
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 Office of 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.
All students must meet the following criteria in order to be considered for a scholarship award:
Be a U.S. citizen
Be admitted to Kentucky State University
Be enrolled as a fulltime student at Kentucky State University
Have completed a Free Federal Student Aid Form (FAFSA)
Note: Awards that include room/ board will be made only to students residing in University housing.
Kentucky State University Foundation Scholarship application forms can be obtained from the Office of Financial Aid (Academic Services Building 349; 502-597-5960; www.kysu.edu/financial-aid). Graduating high school seniors must have a minimum cumulative GPA of 3.0 and a 21 ACT/SAT equivalent. Returning students must have a minimum cumulative GPA of 2.5 and 30semester credit hours per academic year.
Changes in guidelines and procedures for scholarships shall be recommended by academic units, schools, and/or colleges and submitted to the Scholarship Committee for review and submission to the President for approval. Kentucky State University commits to maintaining scholarship programs of financial assistance. All academic scholarship awards shall be processed by SFA for compliance with the following University policies:
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