School and package comparison - KHEAA
School and package comparison - KHEAA
School and package comparison - KHEAA
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Federal student aid programs can help pay college costs<br />
The federal government sponsors numerous financial aid<br />
programs that can help students <strong>and</strong> their parents pay college<br />
expenses. Below is a brief summary that describes some of<br />
the more common federal grant <strong>and</strong> loan programs. Grants<br />
generally don’t have to be repaid, but loans do.<br />
• Federal Pell Grant. Pell Grants provide up to $5,550<br />
per year for undergraduates with financial need.<br />
• Federal Supplemental Educational Opportunity<br />
Grant. These provide up to $4,000 per year for<br />
undergraduate students who have exceptional financial<br />
need.<br />
• Federal Perkins Loan. These loans are for students<br />
with exceptional financial need. Undergraduates can get<br />
up to $5,500 per year, while graduate students can get<br />
up to $8,000 per year.<br />
• Federal Stafford Loan. Stafford Loans are available<br />
to undergraduate, graduate <strong>and</strong> professional students.<br />
The amount students may borrow varies depending<br />
upon their year in school.<br />
• Federal PLUS Loan. Parents of dependent<br />
undergraduate students may qualify for PLUS Loans, depending on the parents’ credit ratings. The<br />
amount available depends on how much other financial aid the student receives. Graduate students may<br />
apply for PLUS Loans if they have exhausted all of their Stafford Loan eligibility.<br />
The Free Application for Federal Student Aid (FAFSA) is used to apply for all of these programs. Families<br />
seeking a PLUS Loan must also submit a separate application.<br />
New booklet will help freshmen adjust to first year at college<br />
Kentucky students headed to college in the fall have a<br />
new resource to help them through their first year on<br />
campus.<br />
Surviving College, a guide to students’ first year, is now<br />
available free from <strong>KHEAA</strong>.<br />
A guide to GET You through your freshman year<br />
The 36-page booklet includes the following sections:<br />
• Majors <strong>and</strong> class schedules.<br />
• Staying healthy <strong>and</strong> safe on campus.<br />
• Learning styles <strong>and</strong> study tips.<br />
• Campus life.<br />
• Financial basics.<br />
To order a copy of Surviving College, e-mail<br />
publications@kheaa.com, call (800) 928-8926, ext.<br />
6-7372 or order online at http://bit.ly/<strong>KHEAA</strong>orderform.<br />
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