This document provides information about financial aid and scholarships available at the University of Kentucky. It discusses applying for financial aid through FAFSA, types of aid including grants, loans, work-study and scholarships. It also covers billing, paying bills, maintaining eligibility and contacting the financial aid office with questions. The presentation aims to help students understand and navigate the financial aid process.
TỔNG ÔN TẬP THI VÀO LỚP 10 MÔN TIẾNG ANH NĂM HỌC 2023 - 2024 CÓ ĐÁP ÁN (NGỮ Â...
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Financial Aid & Scholarships
University of Kentucky
Office of Student Financial Aid and
Scholarships
2015 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
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SFA Counselor Assignments
Front Desk: 859.257.3172
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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
Diversity Scholarships
Legacy Tuition Program
859-257-4198
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Apply for Financial Aid
File a FAFSA www.fafsa.gov
- List UK school code: 001989
- Available January 1st
- Use estimated tax information
- Must be completed every year
- It is not too late to apply for 15/16 year
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Following Up With The FAFSA
Update FAFSA after taxes have been processed
1. Go to www.FAFSA.gov
2. Go to Make Corrections and navigate to parent
and student income sections (for tax filers)
3. Use IRS Data Retrieval Tool to import tax
information if possible
4. Sign and Re-Submit FAFSA
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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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Verification and Your Awards
Aid is awarded based on initial FAFSA
application
Awards will be adjusted if necessary after
Verification is completed
Follow up at www.KHEAA.com to check the
status of verification prior to the start of
school
Incomplete Verification = No Aid Disbursed
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University of Kentucky
2015-2016 Average Cost of Attendance
NOT ALL COSTS ARE BILLED CHARGES! STUDENT IS
ONLY BILLED FOR TUITION, FEES AND ROOM & BOARD
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Freshman Cost Calculator
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See Example Below:
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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
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Federal Direct Loans
Subsidized Loan:
No interest while in school
Current interest rate is 4.29%
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 4.29%
Repayment begins 6 months after graduation or
enrolled less than half time
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Federal Direct Loan Requirements
Complete Master Promissory Note &
Entrance Counseling sessions
1. www.studentloans.gov
2. Log in using Federal Student Aid ID
3. Information sent to us electronically
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Federal Perkins Loan
Limited Funds – Awarded to student based
on Financial Need and FAFSA filing date
Does not have interest accumulating while in
school
Interest and repayment begin 9 months after
graduation or less than half time enrollment
Current interest rate is 5%
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Federal Perkins Loan
Requirements
Complete Master Promissory Note & Entrance
Counseling sessions before September 15th or lose
loan
http://www.ecsi.net/promRQ
Log in using Student Aid ID
Information sent to us electronically
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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
Follow Instructions – Search Job Openings,
Apply, Interview, Complete paperwork once
hired
Return Required Packet to FWS Office before
beginning work.
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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
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Need More Funding?
Additional Loans Are Available:
Parent PLUS Loan: Federal loan in the
parent’s name
Student Alternative Loan: Bank loan in the
student’s name with a co-signer
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Parent Federal Direct PLUS Loan
Apply at www.studentloans.gov
Based on a credit check
If approved, can borrow up to student’s
cost less other aid
Repayment may be deferred until
student graduates
Current interest rate is 6.84%
If denied, student can borrow additional
unsubsidized loan (up to $4,000 for the
year)
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Student Alternative Loans
Students may borrow through a bank
Based on credit check, requires a co-signer
May choose any bank that offers student
loans
Comparison Chart available as a
starting point at:
www.uky.edu/financialaid
Click on Loans>Alternative Loans
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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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Steps to Accept Aid
1. Log into MyUK: http://MyUK.uky.edu
2. Student Services>Financials>Financial Aid
3. Academic Year – Select 2015-2016
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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Student 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
1.25% late fee assessed to unpaid balance
at the end of each month
Cannot register for future semesters
until balance is paid
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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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Example of Bill (In-State)
Tuition & fees $ 5,468
+ Res. Hall charges $ 5,717
= Total Due $11,185
- Estimated Aid $ 2,721
= Balance Due $ 8,464
*If living off-campus, only tuition & fees are charged
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Example of Bill (Out-of-State)
Tuition & fees $12,134
+ Res. Hall charges $ 5,717
= Total Due $17,851
- Estimated Aid $ 2,721
= Balance Due $15,130
*If living off-campus, only tuition & fees are charged
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When Someone Else is Paying –
Activate “Guest View”
Guest can view student account information
Guest can make payments
MyUKMyInfoGuest Access
Enter guest email & set access level
Expiration date on guest view
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When Is Aid Released?
If enrolled full-time & without any financial aid holds:
About 10 days prior to classes beginning: 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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How do I receive my remaining Financial Aid?
SIGN UP FOR DIRECT DEPOSIT
http://MyUK.uky.edu
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 your bank account.
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Can My Aid Help
Pay for Books?
Available if aid is more than enough to cover bill
Eligible students receive an email 1-2 weeks prior to
the start of school
Complete steps from email for funds to be
available on Wildcard Student ID to use at
participating bookstores
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To Remain Eligible for
Federal/State Financial Aid
Complete the FAFSA again each year
March 15 priority date for upperclassmen
Maintain Satisfactory Academic Progress (SAP)
Requirements
http://www.uky.edu/FinancialAid/rap.htm
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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 2015 semester
Receipt of need-based aid capped at
150% of the credit hours required
for your degree
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Reminders:
Reapply for financial aid each year. File FAFSA
early as possible January 1st or after
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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Question and Answer Session
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