This document provides information about financial aid and scholarships from the University of Kentucky. It discusses the various sources of scholarships including need-based aid from the financial aid office, departmental scholarships, and academic scholarships. It also outlines the application process for financial aid including filing the FAFSA annually and important deadlines. Types of aid including grants, loans, work-study and KEES scholarships are explained. The document provides details on accepting aid offers, paying bills, maintaining satisfactory academic progress, and contact information for the financial aid office.

1. Financial Aid & Scholarships
University of Kentucky
Office of Student Financial Aid and
Scholarships
2017 Freshmen Orientation
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Student Financial Aid Office
127 Funkhouser Building
Lexington, KY 40506-0054
Phone: 859-257-3172
Fax: 859-257-4398
www.uky.edu/financialaid
Office Hours:
Monday - Friday
8 am to 4:30 pm
Financial Aid & Scholarships

3. SFA Counselor Assignments
Front Desk: 859.257.3172

4. SCHOLARSHIPS
There are several ways to receive scholarships at UK
 Financial Aid Office
Need-based scholarships
 Departmental and College-Sponsored Scholarships
Must apply for separately
 Office of Academic Scholarships
Academic-based Scholarships
Legacy Tuition Program
859-257-4198
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Financial Aid & Scholarships

5. Financial Aid & Scholarships
Apply for Financial Aid
 File a FAFSA www.fafsa.gov
- List UK school code: 001989
- Use prior-prior year tax information
(ex. 2017-2018 FAFSA use 2015 tax info)
- Must be completed every year
- FAFSA available OCTOBER 1st
- It is not too late to apply for 17/18 year
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Financial Aid & Scholarships

6. Selected for Verification?
 If selected for Verification complete requirements
at www.KHEAA.com
 Make sure the IRS Data Retrieval Tool has been
used on the FAFSA for all tax filers
 If unable to use the DRT, a Tax Transcript can be
requested at www.IRS.gov/Individuals/Order-a-
Transcript
 Call KHEAA 1-855-272-8771
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Financial Aid & Scholarships

7. Financial Aid & Scholarships
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University of Kentucky
2016-2017 Average Cost of Attendance
*NOT ALL COSTS ARE BILLED CHARGES!
*STUDENT IS ONLY BILLED FOR TUITION, FEES,
AND ROOM & BOARD
2017-2018
tuition rates
will become
available in
May
Financial Aid & Scholarships

8. Freshman Cost Calculator
http://seeblue.com/calculator
See 2016-2017 Example Below:
*Amounts will be
updated for 2017-2018
in May
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Financial Aid & Scholarships

9. Types of Aid
 Grants: Federal and State Grants
 Do not have to be paid back
 Must qualify based on financial need (FAFSA)
 Loans: Federal and Private Loans
 Must be paid back
 Scholarships: Academic & Need Based
 Academic: based on ACT & GPA
 Need Based: based on FAFSA information
 Academic & Need Based: UK LEADS scholarships
and grants [must file FAFSA to qualify]
*All Academic Scholarships have been
offered and decisions are FINAL.
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Financial Aid & Scholarships

10. Federal Direct Loans
 Subsidized Loan:
 No interest while in school
 Current interest rate is 3.76%
 Interest and repayment begins 6 months after graduation or
enrolled less than half time
 Unsubsidized Loan:
 Interest accumulates while in school
 Current interest rate is 3.76%
 Repayment begins 6 months after graduation or
enrolled less than half time
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Financial Aid & Scholarships

11. Federal Work-Study (FWS)
Limited Funds – Awarded to student based on
Financial Need and FAFSA filing date
If awarded Pick-up Job Packet from FWS
Office in AUGUST
uky.edu/hr/employment/student-employment
Student Employment (STEPS)
*Wide range of jobs available on campus for students
who may not be eligible for FWS
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Financial Aid & Scholarships

12. Kentucky Educational Excellence
Scholarship (KEES)
 Maximum award for GPA - $2000
 Maximum ACT (28+) bonus - $500
 Renewable for 8 semesters
 Estimated KEES amount noted on August billing statement
 KEES credited to student accounts after add/drop period each
semester
 2.5 cumulative GPA at end of first year required to retain full
award; 3.0 GPA after second year
 See SFA website for full details on retaining eligibility
 Verify SSN and birthday with guidance counselor
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Financial Aid & Scholarships

13. Need More Funding?
Additional Loans Are Available:
 Parent PLUS Loan: Federal loan in the
parent’s name (apply mid-April)
 Student Alternative Loan: Outside loan in
the student’s name with a co-signer
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Financial Aid & Scholarships

14. Receiving an Outside Scholarship?
 Complete Outside Scholarship / Resource
Form on our website
 www.uky.edu/financialaid
 Click on Forms and the letter ‘O’
 Attach a copy of scholarship award letter
and submit to our office
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Financial Aid & Scholarships

15. Steps to Accept Aid
1. Log into MyUK: http://MyUK.uky.edu
2. Student Services>Financials>Financial Aid
3. Academic Year – Select 2017-2018
4. Terms and Conditions – Click I Agree (this is not
accepting the aid yet)
5. View and Accept – Fill in Buttons to Accept
or Decline each item
6. Click ‘Submit as Indicated’
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Financial Aid & Scholarships

16. Student’s Bill Will Only be Emailed
to Student’s UK Email Address!!
 Fall Bill sent August 1st, Due August 22nd
 Spring Bill sent January 1st, Due January 22nd
 Student can attend classes with an unpaid balance
 1.5% late fee assessed to unpaid balance
at the end of each month
 Cannot register for future semesters
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Financial Aid & Scholarships

17. How to Estimate Your Bill for the Semester
Tuition and Fees
+ Residence Hall charges(if applicable)
= Total Bill for the Semester
- Estimated Financial Aid______________
= Balance Due or Amount to be Refunded
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Financial Aid & Scholarships

18. Financial Aid & Scholarships
Installment Payment Plan
 Pay bill in multiple installments (up to 4)
over the semester
 Cost $50 enrollment fee per semester
 Payments are due by the 22nd each
month
 Students enroll on MyUK
 Failure to make monthly payment results
in disenrollment from plan
 Everyone is eligible for payment plan!
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Financial Aid & Scholarships

19. Activate “Guest View”
 Guest can view student account information,
view the bill, and make payments
 Guest can make payments
MyUKMyInfoGuest Access
 Enter guest email & set access level
(Note: Expiration date on guest view)
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Financial Aid & Scholarships

20. When Is Aid Released?
(If enrolled full-time & without any financial aid holds)
 About 10 days prior to classes beginning:
Scholarships, Direct Loans, Perkins Loans, Parent Plus
Loans, Alternative Loans
 About 10 days into the semester (after last
day to add): PELL Grant, CAP Grant, KEES
If enrolled part time: all aid will post
after the last day to add
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Financial Aid & Scholarships

21. How do I receive my remaining
Financial Aid?
 SIGN UP FOR DIRECT DEPOSIT
 MyUK> Student Services>MyInfo>Direct Deposit
 Refund will be sent after bill has been
paid in full each semester
 Email notification when money has
been sent to student’s bank account
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Financial Aid & Scholarships

22. “Can Financial Aid be used
to pay for Books?”
 Students can request a Book Voucher
 Available if aid is more than enough to cover bill
 Eligible students receive an email 1 week before
first day of classes
 Complete steps from email for funds to be
available on Wildcard Student ID to use at
participating bookstores
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Financial Aid & Scholarships

23. Satisfactory Academic Progress
Requirements for Federal/State Need-Based Aid
 Successful completion of two-thirds (67%) of
all courses attempted
 Earn at least a 2.0 cumulative GPA at the end of
the spring 2016 semester
 Receipt of need-based aid capped at
150% of the credit hours required
for your degree
*Please note that academic scholarships
and KEES may have other requirements
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Financial Aid & Scholarships

24. Reminders:
 Reapply for financial aid each year.
FAFSA available October 1st
 Respond ASAP to requests for additional
information or clarification.
 Keep a record of all applications; make notes of
contacts.
 Contact us when questions/concerns arise or
when major changes occur.
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Financial Aid & Scholarships

25. Thank You!
Counselors are available
upstairs for questions.
See Your Dreams, See Your Future, See Blue
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Financial Aid & Scholarships