Financial Aid Information
Below is a brief description of federal grant and loan opportunities for qualifiying
students who have completed a Free Application for Federal Student Aid (FAFSA).
Federal Student Aid Grants
Federal Pell Grants- The most need-based of the student aid programs, this program provides grant aid to
low- and middle-income undergraduate students. Awards vary depending on the cost of
attendance and financial circumstances of students and their families.
Federal Supplemental Educational Opportunity Grants (FSEOG)- Participating schools award FSEOG to undergraduate students with exceptional financial
need, based on the availability of funds.
Teacher Education Assistance for College and Higher Education Grants (TEACH)- This program provides grant assistance to students who are completing or who plan
to complete course work needed to begin a career in teaching. In exchange for the
grant, a student must sign an Agreement to Serve as a full-time teacher under certain
Iraq and Afghanistan Service Grants- These formula-based programs make federal funds available to states to assist them
in providing student assistance programs for individuals with substantial financial
Kentucky State Grants
College Access Program Grants (CAP)- These funds are awarded to undergraduates attending a Kentucky college or trade school
at least half-time who demonstrate a substantial financial need. Funds are awarded
on a first come, first served basis to students who have completed the FAFSA. Often,
the funds are depleted early in the aid year, therefore, students should file a FAFSA
Kentucky Tuition Grants (KTG)- These funds are awarded to undergraduates attending a private Kentucky college who
demonstrate a substantial financial need as assessed by the Free Application for Federal
Student Aid (FAFSA). Students who wish to be considered for KTG funds should file a
FAFSA before the state priority deadline.
GoHigher Grants- These funds are awarded to Kentucky residents age 24 or older who have financial need
and are enrolled at a participating college less than half-time.
Federal Student Aid Loans
Direct Loan Program- These funds are lent directly to students for undergraduate and graduate studies,
through participating postsecondary schools, with funds borrowed from the U.S. Treasury.
Direct Loans include subsidized and unsubsidized loans, PLUS loans for parents and
graduate or professional degree students, and consolidation loans, which allow borrowers
to combine federal education loan debt.
Note: As a result of the Health Care and Education Reconciliation Act, beginning July
1, 2010, federal student loans are no longer made by private lenders under the Federal
Family Education Loan (FFEL) Program. Instead, all new Stafford, PLUS, and Consolidation
loans come directly from the U.S. Department of Education under the Direct Loan Program.
Federal Perkins Loans- These loans are made through participating schools to undergraduate, graduate and
professional students. These loans are offered to students demonstrating the greatest
financial need. Awards are based on a student's need and a school's available funding.
Kentucky Advantage Loan- Students or parents may apply for this private loan to supplement the federal financial
aid package if necessary.
Federal Student Aid Work-Study
Work-Study- Work-study programs provide part-time employment for students while they are enrolled
in school. Students are paid directly for their work and schools are responsible for
administering the program. Award amount varies based on the student's needs and school's