2009-2010 KCUMB College Catalog - Kansas City University of ...

Federal Subsidized Stafford Loans
For those who qualify, this program provides up to $8,500 per academic year with a
cumulative maximum of $65,500, including undergraduate loans. The interest is paid by
the federal government while the student is in school and in periods of approved
deferment.
Federal Unsubsidized Stafford Loan
This program provides $20,500 per year (less the amount in Subsidized Stafford
loans). Interest accrues from the date of disbursement; unpaid interest will capitalize at
repayment.
Increased Unsubsidized Stafford for Medical Students
Allows an additional $20,000 (nine-month academic year) to $26,667 (12-month
academic year) per year.
Federal Graduate PLUS Loan
This federal loan program was made available July 1, 2006. Congress extended the
undergrad PLUS (parent) loan to allow graduate students to borrow on their own
signature up to the cost of attendance (less the amount of Sub/Unsub Stafford loans and
other aid). A credit check is required. The interest rate is fixed at 8.5 percent; requires the
borrower to pay a 3 percent origination fee, plus a 1 percent default fee. The GradPLUS
enters repayment immediately after it is fully disbursed, at which time it is placed in an
in-school deferment while the student continues in school. The loan will enter repayment
once the student is no longer enrolled. The same deferment options are available as with
Stafford loans.
Federal Perkins Loan
Perkins monies are contingent on the availability of funds and the demonstration of
need according to federal regulations and University guidelines. The interest rate is 5
percent; loan limits are up to $8,000 per year with a total aggregate of $60,000, including
undergraduate loans.
Service Obligation Scholarships
(Armed Forces Scholarship Program)
To be eligible for the military scholarship, a student must be a U.S. citizen. Recipients
are provided full tuition, fees, books, equipment and a monthly stipend. For each year of
scholarship support, the student must serve one year in the designated service branch.
The minimum obligation is two years. KCUMB traditionally has a high number of
students receiving military scholarships.
Military and National Health Service Programs
For military programs, students should contact their recruiter or the recruiters on the
list that follows:
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