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LOANS

Low interest student and parent loans are borrowed money that must be repaid.  Loans are a large part of many student's financial aid package.  Remember that you will pay back what you borrow.  The financial aid office advises all students to borrow only what is absolutely necessary to pay school expenses.

All students applying for a loan, regardless of type, must complete the FAFSA, be admitted into a degree program, and enrolled at least half-time. Criteria for loan eligibility is subject to change.

Loan limit amounts are listed in the chart below.

To see more loan information, click on each item below: (Must use Internet Explorer to view)

ALTERNATIVE LOANS

ENTRANCE COUNSELING

INFORMATION ON STUDENT LOANS

PARENT LOAN (PLUS)

PERKINS LOAN

STAFFORD LOAN

NATIONAL STUDENT LOAN DATA SYSTEM (NSLDS)

PIN

PROMISSORY NOTES

WKU PREFERRED LENDER LIST

 

FEDERAL STAFFORD LOAN LIMITS ( Effective 7/1/08)

A minimum of 6 credit hours (UG) & 4.5 credit hours (GR) is required for Federal Stafford Loans

Dependent
(w/no PLUS denial)

AY Base
Sub/Unsub

AY Addt’l
Unsub

Aggregate
Limits

Freshmen (1-29.99 credits)

$3500

$2000

$31,000 ($23,000 Sub Max)

Sophomore (30-59.99 credits)*

$4500

$2000

$31,000 ($23,000 Sub Max)

Junior/Senior (60+ credits)

$5500

$2000

$31,000 ($23,000 Sub Max)

Certificate Program (UG)**

$3500

$2000

$31,000 ($23,000 Sub Max)

Teacher Certification (UG)

$5500

$2000

$31,000 ($23,000 Sub Max)

PB Pursuing Associates

$4500

$2000

$31,000 ($23,000 Sub Max)

PB Pursuing 2 nd Bachelors

$5500

$2000

$31,000 ($23,000 Sub Max)

 

 

 

 

Independent or Dependent
(w/ PLUS denial)

AY Base
Sub/Unsub

AY Addt’l
Unsub

Aggregate
Limits

Freshmen (1-29.99 credits)

$3500

$6000

$57,500 ($23,000 Sub Max)

Sophomore (30-59.99 credits)*

$4500

$6000

$57,500 ($23,000 Sub Max)

Junior/Senior (60+ credits)

$5500

$7000

$57,500 ($23,000 Sub Max)

Graduate

$8500

$12,000

$138,500 ($65,500 Sub Max)

Certificate Program (UG)**

$3500

$6000

$57,500 ($23,000 Sub Max)

Certificate Program (GR)

$5500

$7000

$138,500 ($65,500 Sub Max)

Teacher Certification (UG)

$5500

$7000

$57,500 ($23,000 Sub Max)

Teacher Certification (GR)

$5500

$7000

$138,500 ($65,500 Sub Max)

PB Pursing Associates

$4500

$6000

$57,500 ($23,000 Sub Max)

PB Pursing 2 nd Bachelors

$5500

$7000

$57,500 ($23,000 Sub Max)

Rank II

$5500

$7000

$138,500 ($65,500 Sub Max)

Rank I & Non Degree Programs are not eligible programs

* Students pursing an Associate’s Degree are held to Sophomore level limits

** Students pursing a UG Certificate Program (regardless of whether they have a 1 st Bachelors or not)

AY =Academic Year Limits

PB = Post Baccaleraute

 

  
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Student Financial Assistance
317 Potter Hall
Western Kentucky University
1906 College Heights Blvd. #11018
Bowling Green, KY 42101-1018
Phone: 270-745-2755
Fax: 270-745-6586

Email: fa.questions@wku.edu
(Due to the large volume of emails currently received by our office, it may be at least 24 hours before a response is sent)

 

  
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© 2009 Student Financial Assistance / 504 / ADA Compliance
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Page Updated: April 22, 2009