Federal Pell Grant:
Is the foundation of Federal student financial aid. It is for undergraduate students who have exceptional financial need and do not have a prior Bachelors degree.
Deadline: None, can apply at anytime during an academic year.
Application: www.fafsa.gov
Does it have to be repaid? No
If yes, when? NA
Award Maximum: $5350 dependent upon financial need, cost of attendance and enrollment status.
Need based: Yes
Enrollment: Full time, part time and less half time.
Federal Supplemental Education Opportunity Grant:
A grant awarded to undergraduate students with exceptional financial need. Pell Grant recipients receive priority for FSEOG.
Deadline: Priority deadline of February 14th
Application:www.fafsa.gov
Does it have to be repaid? No
If yes, when? NA
Award Maximum: anywhere from $100-$1100
Need based: Yes
Enrollment: Full time
Federal Perkins Loan:
Low Interest loan available to students with financial need. Interest does not accrue while in school. Upon graduation Perkins loans can be partially cancelled at the end of each year of employment for Nursing and/or Allied Health program of study students if you are working within the nursing and/or Allied Health field. KUMC is the lender of this loan.
Deadline: Priority deadline of February 14th
Application: www.fafsa.gov
Interest Rate: 5% Fixed
Does it have to be repaid? Yes
If yes, when? 9 months after graduation
Award Maximum: Varies $1500-$2500
Need based: Yes
Enrollment: At least 6 or more credit hours
Federal Nursing Loan:
Low interest loan offered to undergraduate and graduate nursing students. Interest does not accrue while in school at least half time. KUMC is the lender of this loan.
Deadline: February 14
Application: www.fafsa.gov
Interest Rate: 5% Fixed
Does it have to be repaid? Yes
If yes, when? 9 months after graduation
Award Maximum: $2500 for graduates and undergraduates
Need based: Yes
Enrollment: at least 6 or more credit hours
Federal Direct Parent PLUS Loan:
The Federal Direct Parent PLUS Loan is a low-interest loan that allows a parent of a dependent undergraduate student to borrow a federal loan to assist in paying for the student’s college education. The parent applicant must pass a credit check as part of the application process.
The Federal Loan Origination Applicant Services (LOAS) center will conduct a credit check on the Parent PLUS loan applicant. If the applicant is more than 90 days delinquent on any account, has declared bankruptcy, and/or has had a financial judgment, the Parent PLUS loan will be denied. The LOAS will issue a loan denial letter to the applicant that will identify the name and telephone number of the agency who provided the credit information. The applicant should call the agency and request a copy of the credit report. After reviewing the report, if the credit data is inaccurate, the loan denial decision may be appealed.
Please note that our office is not provided any information about the specific reason for the denial. All loan denial appeals are handled by the LOAS. The LOAS may be contacted at 800-557-7394, or you may write to the Direct Loan Origination Center at: Applicant Services, PO Box 5691, Montgomery, AL 36103-5691.
If the denial decision was based on accurate information, the applicant has the option to obtain an endorser, which is similar to a co-signer, on the loan. The LOAS will include an Endorser Promissory Note and information with the denial letter mailed to borrower.
When the LOAS center notifies our office of the loan denial, we will send out a PLUS Loan denial form to the parent applicant. The purpose of this form is to provide options for the applicant to officially communicate to our office exactly what he/she plans to do about the denial. We will not cancel the application until we receive the form.Deadline: Apply during the current academic year
Application: Dependent undergraduate student must have completed a 2009-2010 Free Application for Federal Student Aid (FAFSA) at www.fafsa.gov prior to a parent applying for a Parent PLUS Loan.
Parent must complete the Federal Direct Parent PLUS Loan Request Form for 09/10 and return it to our office.
Parent applicant must complete a 2009-2010 Parent PLUS Direct Loan Application at https://dlenote.ed.gov/empn/completenew_plus.jsp
Interest Rate: 7.9% Fixed
Fees: 2.5% (4% with an upfront interest rebate of *1.5%)
*To keep an upfront interest rebate, student must make all of first 12 required monthly payments on time or will lose the rebate. If student loses the rebate, the rebated amount will be added back to the principal balance on the loan(s), which will increase the amount of repayment.
Does the Parent PLUS loan have to be repaid? Yes. Repayment begins 60 days after the final disbursement for loans disbursed prior to July 1, 2008. For PLUS loans made to parents that are first disbursed on or after July 1, 2008, the borrower has the option of beginning repayment on the PLUS loan either 60 days after the loan is fully disbursed or wait until six months after the dependent student on whose behalf the parent borrowed ceases to be enrolled on at least a half-time basis.
Award Maximum: Up to cost of attendance minus other aid and resources
Need based: No
Enrollment: Students must be enrolled at least half-time, which is 6 or more credit hours for fall and spring, and 3 credit hours for summer.
Please contact our office at 913-588-5170 for more information or email us at www.financialaid@kumc.edu
Federal Direct Grad PLUS loan:
Grad PLUS loans are federally guaranteed credit based loans available only to graduate and professional students. Borrower must not have an adverse credit history. A credit check is performed. Denials can sometimes be overridden with a credit worthy endorser.
The Federal Loan Origination Applicant Services (LOAS) center will conduct a credit check on the Grad PLUS loan applicant. If the applicant is more than 90 days delinquent on any account, has declared bankruptcy, and/or has had a financial judgment, the Grad PLUS loan will be denied. The LOAS will issue a loan denial letter to the applicant that will identify the name and telephone number of the agency who provided the credit information. The applicant should call the agency and request a copy of the credit report. After reviewing the report, if the credit data is inaccurate, the loan denial decision may be appealed.
Please note that our office is not provided any information about the specific reason for the denial. All loan denial appeals are handled by the LOAS. The LOAS may be contacted at 800-557-7394, or you may write to the Direct Loan Origination Center at: Applicant Services, PO Box 5691, Montgomery, AL 36103-5691.
If the denial decision was based on accurate information, the applicant has the option to obtain an endorser, which is similar to a co-signer, on the loan. The LOAS will include an Endorser Promissory Note and information with the denial letter mailed to borrower.
When the LOAS center notifies our office of the loan denial, we will send out a PLUS Loan denial form. The purpose of this form is to provide options for the applicant to officially communicate to our office exactly what he/she plans to do about the denial. We will not cancel the application until we receive the form.
Deadline: Apply during the current academic year.
Application: Must have completed the 2009-2010 Free Application for Federal Student Aid (FAFSA) at www.fafsa.gov and a Federal Direct PLUS Loan Application and Master Promissory Note (PLUS MPN) at https://dlenote.ed.gov/empn/index.jsp.
Student must complete the Grad PLUS Loan Request form for 09-10 and return it to our office.
First-time borrowers at KUMC must complete the online Federal Direct PLUS entrance interview at https://www.dl.ed.gov/borrower/EntrCounselingPlusPage.do?cmd=doStart.
Interest Rate: 7.9% Fixed
Fees: 2.5% (4% with an upfront interest rebate of *1.5%)
*To keep an upfront interest rebate, student must make all of first 12 required monthly payments on time or will lose the rebate. If student loses the rebate, the rebated amount will be added back to the principal balance on the loan(s), which will increase the amount of repayment.
Does the Grad PLUS loan have to be repaid? Yes. Repayment begins 60 days after the final disbursement for loans disbursed prior to July 1, 2008. For loans first disbursed on or after July 1, 2008, borrowers may be eligible for in-school deferment if enrolled at least half-time, and may be eligible for deferment of loan repayment for the six-month period following any period of borrower’s half-time enrollment.
Award Maximum: Up to cost of attendance minus other aid and resources
Need based: No
Enrollment: Students must be enrolled at least half-time, which is 6 or more credit hours for fall and spring, and 3 credit hours for summer.
Please contact our office at 913-588-5170 for more information or email us at www.financialaid@kumc.edu.
Federal Direct Subsidized Loan:
Students who demonstrate financial need (based on their FAFSA results) may be eligible for a Federal Direct Subsidized Loan. Interest is paid by the federal government during eligible in-school, grace and deferment periods. The subsidized loan does NOT accrue interest while students are in school. There is a 6 month grace periodafter graduation or dropping below half-time before repayment is required.
Deadline: Apply during the current academic year
Application: Must have completed the 2009-2010 Free Application for Federal Student Aid (FAFSA) at www.fafsa.gov and the Federal Direct Loan Application/Master Promissory Note at https://dlenote.ed.gov/empn/index.jsp
First-time borrowers at KUMC must complete the online entrance interview at https://www.dl.ed.gov/borrower/EntrCounselingPage.do?cmd=doStart.
Interest Rates: (fixed after July 1, 2006) Undergraduate Graduate/Professional
July 1, 1008 – July 1, 2009 6.0% 6.8%
July 1, 2009 – July 1, 2010 5.6% 6.8%
July 1, 2010 – July 1, 2011 4.5% 6.8%
July 1, 2011 – July 1, 2012 3.4% 6.8%
Fees: .5% (2.0% with an upfront interest rebate of *1.5%) for subsidized loans first disbursed on/after 7/1/2008 and before 7/1/2009
.5% (1.5% with an upfront interest rebate of *1.0%) for subsidized loans first disbursed on/after 7/1/2009 and before 7/1/2010.
*To keep an upfront interest rebate, student must make all of first 12 required monthly payments on time or will lose the rebate. If student loses the rebate, the rebated amount will be added back to the principal balance on the loan(s), which will increase the amount of repayment.
Does the subsidized loan have to be repaid? Yes. Repayment begins 6 months after graduation or dropping below half time.
Award Maximum: Depends on grade level, program and need. Please contact our office for amounts.
Need based: Yes
Enrollment: Students must be enrolled at least half-time, which is 6 or more credit hours for fall and spring, and 3 credit hours for summer.
Please contact our office at 913-588-5170 for more information or email us at www.financialaid@kumc.edu.
Federal Direct Unsubsidized Loan:
The unsubsidized loan is NOT based on financial need. The student is responsible for paying the interest, which begins accruing as soon as the loan is disbursed. There is a 6 month grace period after graduation or dropping below half-time before repayment is required. The unsubsidized loan DOES accrue interest while the student is in school. Students can make quarterly interest payments or let the interest capitalize.
Deadline: Apply during the current academic year
Application: Must have completed the 2009-2010 Free Application for Federal Student Aid (FAFSA) at www.fafsa.gov and the Federal Direct Loan Application/Master Promissory Note at https://dlenote.ed.gov/empn/index.jsp
First time borrowers at KUMC must complete the online entrance interview at https://www.dl.ed.gov/borrower/EntrCounselingPage.do?cmd=doStart.
Interest Rates: (fixed after July 1, 2006) Undergraduate Graduate/Professional
July 1, 1008 – July 1, 2009 6.0% 6.8%
July 1, 2009 – July 1, 2010 5.6% 6.8%
July 1, 2010 – July 1, 2011 4.5% 6.8%
July 1, 2011 – July 1, 2012 3.4% 6.8%
Fees: .5% (2.0% with an upfront interest rebate of *1.5%) for unsubsidized loans first disbursed on/after 7/1/2008 and before 7/1/2009
.5% (1.5% with an upfront interest rebate of *1.0%) for unsubsidized loans first disbursed on/after 7/1/2009 and before 7/1/2010.
*To keep an upfront interest rebate, student must make all of first 12 required monthly payments on time or will lose the rebate. If student loses the rebate, the rebated amount will be added back to the principal balance on the loan(s), which will increase the amount of repayment.
Does the unsubsidized loan have to be repaid? Yes. Repayment begins 6 months after graduation or dropping below half-time.
Award Maximum: Depends on grade level and program. Please contact our office for amounts.
Need based: No
Enrollment: Students must be enrolled at least half-time, which is 6 or more credit hours for the fall and spring, and 3 credit hours for summer.
Please contact our office at 913-588-5170 for more information or email us at www.financialaid@kumc.edu
Federal Work Study:
This program provides jobs for undergraduate and graduate students with financial need, allowing students to earn money to help pay educational expenses. This program encourages community service work and work related to each student’s course of study, where applicable. Students are responsible for securing the employment off campus. Students are required to perform job duties according to the position hired, and will be paid for their employment every two weeks.
Deadline: February 14th
Application: www.fafsa.gov
Interest Rate: NA
Does it have to be repaid? No
If yes, when? NA
Award Maximum: Varies
Need based: Yes
Enrollment: must be enrolled in 6 or more credit hours for fall and spring. Students only need to be enrolled in 3 credit hours for summer.
Scholarship for Disadvantaged Students:
Medical students can apply for the Scholarship for Disadvantaged Students. This scholarship is awarded to students who come from an economic or environmentally disadvantaged background. Parental information is required.
Deadline: May 31
Application: www.fafsa.gov ; A separate application is required. See the forms section of our website.
Interest Rate: NA
Does it have to be repaid? No
If yes, when? NA
Award Maximum: Award amounts vary depending on the funding levels each year.
Need based: Yes
Enrollment: Full time
Primary Care Loan:
Medical students may qualify to receive a Primary Care Loan if they agree to enter and complete a residency training program in primary health care (family practice, general internal medicine, general pediatrics, or preventive medicine) no later than 4 years after graduation.
Deadline: None
Application: www.fafsa.gov ; A separate application is required. See the forms section of our website.
Interest Rate: 5% Fixed. The student must agree to practice primary health care until the loan is repaid in full.
Does it have to be repaid? Yes
If yes, when? Recipients who do not fulfill the primary care requirements must repay the unpaid balance due on the loan at 18% interest, compounded annually from the date the loan was issued.Borrowers failing to comply with the agreement must repay the loan within 10 years. http://bhpr.hrsa.gov/dsa/pcl.htm
Award Maximum: Varies
Need based: Yes
Kansas Medical Student Loan:
This loan is established to encourage students of Kansas to practice primary care medicine in the State of Kansas. For the people of Kansas, the State Legislature has established the Kansas Medical Student Loan Program to assist students at KUMC. The Kansas Medical Student Loan is awarded on an annual basis, in return for agreements to practice medicine in Kansas after residency. For additional information please review our KMSL informational sheet at KMSL - Information Sheet 09-10.
Deadline: February 14th for first year students
Application: www.fafsa.gov and KMS Application
Does it have to be repaid? Any person who fails to satisfy the service obligation must repay within ten (10) years to the University of Kansas an amount equal to the sum of money received in tuition payments and living expenses plus interest at the rate of 15 percent, from the date such money was received, with the first installment payment commencing 6 months after the date of the action or circumstances that causes the failure of the student to satisfy the obligations of this agreement.
Award Maximum: Medical student tuition and monthly stipend
Need based: No
Kansas Medical Retroactive Student Loan:
Depending on availability, the Kansas Medical Student Loan can be awarded retroactively. Students who did not take out the KMSL when they first enrolled as a medical student may be eligible to receive it in later years, for up to the full amount that would have been received if it had been offered as an incoming student. For each Retro KMSL contract a student receives, one year of obligation will be required. For more details on the obligation, please refer to the information under Kansas Medical Student LoanDeadline: Students interested in the Retro KMSL must complete a Retro KMSL application and submit it to the Student Financial Aid Office no later than September 30, 2009.
Application: www.fafsa.gov and KMS Retro Application
Does it have to be repaid? For each Retro KMSL contract a student receives, one year of obligation will be required. Any person who fails to satisfy the service obligation must repay within ten (10) years to the University of Kansas an amount equal to the sum of money received in tuition payments and living expenses plus interest at the rate of 15 percent, from the date such money was received, with the first installment payment commencing 6 months after the date of the action or circumstances that causes the failure of the student to satisfy the obligations of this agreement.
Award Maximum: Medical student tuition and monthly stipend
Need based: No
Kansas Nursing Service Scholarship:
Designed to encourage enrollment in nursing programs by Kansans committed to practicing in Kansas. Recipients sign agreements to practice nursing at specific facilities one year for each year of scholarship support. There are academic requirements. Visit the Kansas Board of Regents to view more information http://www.kansasregents.org/financial_aid/awards.html
Deadline: May 1st
Application: www.fafsa.gov and http://www.kansasregents.org/download/financialaid/StuFinAidApp.pdf
Interest Rate: If the recipient changes majors or decides not to work for the sponsor as a nurse, the scholarship becomes a loan (with an interest rate equal to the Federal Plus Loan + an additional 5% subject to change annually) accruing from the date scholarship
Award Maximum: $3500
Need based: No
Enrollment: must be in at least 12 or more credit hours
Kansas State Scholarship:
State scholars are Kansas residents who receive State Scholar designation in their senior year of high school. Criteria include having taken the ACT Assessment between April of the sophomore year and December of the senior year, AND completing the Kansas Scholars Curriculum. The 7th semester cumulative GPA and curriculum data are provided by high school officials to the Board of Regents in March. There are some academic requirements you will want to visit the Kansas Board of Regents to view the information http://www.kansasregents.org/financial_aid/awards.html
Deadline: May 1st
Application: www.fafsa.gov and http://www.kansasregents.org/download/financialaid/StuFinAidApp.pdf
Interest Rate: None
Does it have to be repaid? No
Award Maximum: Designated State Scholars may receive up to $1,000 annually based on financial need as measured by the Federal Methodology using data submitted on the FAFSA and on the availability of State funds. 3.0 GPA is required for renewal.
Enrollment: must be in at least 12 or more credit hours
Kansas Comprehensive Grant:
Kansas Comprehensive Grants are available to needy undergraduate Kansas residents
Deadline: April 1st
Application: www.fafsa.gov
Interest Rate: No
Does it have to be repaid? No
If yes, when? NA
Award Range: $100-$1,100
Need based: Yes
Enrollment: must be in at least 12 or more credit hours
Kansas Ethnic Minority Scholarship:
The Kansas Ethnic Minority Scholarship program is designed to assist financially needy, academically competitive students who are identified as members of any of the following ethnic/racial groups: African American, American Indian or Alaskan Native; Asian or Pacific Islander; or Hispanic. There are some academic requirements you will want to visit the Kansas Board of Regents to view the information http://www.kansasregents.org/financial_aid/awards.html
Deadline: May 1st
Application: www.fafsa.gov and http://www.kansasregents.org/download/financialaid/StuFinAidApp.pdf
Award Maximum: up to $1,850
Need based: Yes
Enrollment: must be in at least 12 or more credit hours
Endowment Scholarships:
Are awarded through a student’s individual department. You will need to contact your department to inquire how they award their scholarship dollars.
KU Bookstore Grant:
The Bookstore Grant is a limited fund institutional grant. Funds for the Bookstore Grant were generated by the sale of the University Bookstore. The grant is designed to help meet students' remaining need.
Deadline: February 14th
Application: www.fafsa.gov
Interest Rate: No
Does it have to be repaid? No
If yes, when? NA
Award: $500
Need based: Yes
Enrollment: must be at least a half time enrolled student
KU Tuition Grant:
The KU Tuition Grant (KUTG) is a limited fund institutional grant. Funds for the KUTG are generated by tuition revenue and designed to help meet students' additional remaining need due to the tuition enhancement increases. The maxiumum amount varies based on Undergraduate, Graduate, and Medical student status.
Deadline: April 1st
Application: www.fafsa.gov
Interest Rate: No
Does it have to be repaid? No
If yes, when? NA
Award Range: Maximum varies between $1,450-$2,500
Need based: Yes
Enrollment: must be at least a half time enrolled student
Endowment Loans:
Low interest loan that accrues interest while you are in school. You will repay the KU Endowment Association beginning 1 year after graduation. Student must be enrolled at least half time, per Endowment. Students with special cases must contact Endowment. A co-signer is required for any amount over $500.00.
Deadline: None
Application: www.kuendowment.org
Interest Rate: 5%
Does it have to be repaid? Yes
If yes, when? 1 year after graduation
Award Maximum: depends upon grade level
Need based: No
For more information, contact the Department of Student Financial Aid, (913) 588-5170 or email financialaid@kumc.edu
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