GOT FAFSA? Free Application for Federal Student Aid
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
2017-2018 University of Kentucky Average Cost of Attendance per Semester IN STATE OUT OF STATE Tuition and Fees $7,704 $16,516 Room and Board $6,429 Books & Supplies $500 Travel $705 $975 Personal $1215 $1,196 Loan Fee $88 TOTAL $16,641 $25,704 *Only Billed Tuition and Fees
FAFSA Free Application for Federal Student Aid fafsa. ed FAFSA Free Application for Federal Student Aid fafsa.ed.gov File Every Year Available October 1st
File 2 Separate FAFSAs 1. 2017-2018 FAFSA Loans for Spring 2018 and Summer 2018 2. 2018-2019 FAFSA Loans for Fall 2018 / Spring 2019 / Summer 2019
Additional Forms 1. Spring Request Form – Spring 2018 *This form is only required for students who start classes in Spring. *Only fill out one time 2. Summer Request Form - Summer 2018 *Available in March *Required every Summer [There is no Fall Request Form – Just the FAFSA]
SPRING REQUEST FORM *Many have already filled out the Spring Request Form *Can fill it out today! *Available on UK’s Financial Aid Website *You can scan, fax, mail, or drop the form off in person. *Summer Request Form in March
File FAFSA = $20,500 Unsubsidized Loan LOANS File FAFSA = $20,500 Unsubsidized Loan 1. UNSUBSIDIZED LOAN – Interest 6% *Graduate Students are eligible for $20,500 Unsubsidized Loan for the academic year (Fall/Spring/Summer) 2. GRADUATE PLUS LOAN – Interest 7% *Student can apply for Graduate Plus Loan at studentloans.gov if the $20,500 has been exhausted for the year. *Requires Credit Check *Student can request specific amount or maximum amount (up to budget).
Loan Examples IN STATE OUT OF STATE Tuition and Fees $7,704 $16,516 Room and Board $6,429 Books & Supplies $500 Travel $705 $975 Personal $1215 $1,196 Loan Fee $88 TOTAL $16,641 $25,704 In-State Student: Spring 2018 - Filled out Spring Request Form - Filed FAFSA ($20,500) - Offered $16,641 - Pay Bill of $7,704 - Get Refund of $8,937 [Leftover $3,859 for Summer] Out- Of- State: Spring 2018 - Apply Graduate Plus Loan - Offered $25,704 - Pay Bill of $16,516 - Get Refund of $9,188
Billing Billed Each Semester Spring bill goes out – via UKY email- January 1st Bill is due January 22nd If accepted loan, it should be reflected on your bill Negative amount is amount of ‘refund’ “Payment To Student” – money sent to bank account
Billing Example
Direct Deposit
To Do List File both FAFSAs (FAFSA.ed.gov) 2017-2018 and 2018-2019 Fill Out Spring Request Form Accept Loan on MyUK > Financial Aid> View and Accept Awards Go to studentloans.gov to complete Master Promissory Note and Entrance Counseling Go to studentloans.gov to apply for Spring Graduate Plus Loan (out- of-state student) Sign Up for Direct Deposit on MyUK under ‘MyInfo’ Review Bill under MyUK > ‘Financials’ > ‘Web Payment Services’
Contact Student Financial Aid Office UK Student Account Services 127 Funkhouser Building Lexington, KY 40506-0054 Phone: 859-257-3172 www.uky.edu/financialaid Office Hours: Monday-Friday 8:00AM-4:30PM UK Student Account Services 18 Funkhouser Building Lexington, KY 40506-0054 Phone: 859-257-3406 www.uky.edu/studentaccount Office Hours: Monday-Friday 8:00AM-4:30PM
Questions? Lexie Foellger lexie.foellger@uky.edu 859-218-1284