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Financial Aid

Financial Aid

Did you know some financial aid is “free” money and some you have to pay back? Did you know that everyone attending college is eligible for some type of financial aid? Did you know financial aid comes from the federal government, the state government, and even private and public sources (scholarships)? Below are financial aid programs and a little bit about each one.



Program Name Type of Aid Program Details Annual Limits
Federal Pell Grant Grant: Does not have to be repaid Grant: Does not have to be repaid Up to $6,095 per year
Federal Supplemental Educational Opportunity Grant (FSEOG)  Grant: Does not have to be repaid  For undergraduates with exceptional need; priority given to Pell Grant recipients; must apply early to receive; funds depend on availability at school  Up to $4,000 per year (awards are typically much lower)
Federal Work-Study Money is earned while attending school; does not have to be repaid  Jobs can be on or off campus; paid at least minimum wage No annual minimum or maximum award
Federal Perkins Loan  Loan: Must be repaid  Interest charged is 5%; payment is owed to school that made the loan  Up to $5,500 per year
Subsidized Direct or FFEL Stafford Loan  Loan: Must be repaid  U.S. Department of Education pays interest while borrower is in school and during grace and deferment periods

 $3,500 to $5,500 for undergraduates depending on grade level

 Unsubsidized Direct or FFEL Stafford Loan  Loan: Must be repaid Borrower is responsible for interest during life of the loan; financial need is not a requirement  $5,500 to $12,500 depending on grade level
Direct or FFEL PLUS Loan  Loan: Must be repaid Available to parents of dependent undergraduate students  Maximum amount is cost of attendance minus any other financial aid the student receives



Program Name Program Details  Award Amounts
Kentucky Educational Excellence Scholarship (KEES)  Acquire money through grades and ACT score in high school; the higher the grade/ACT, the higher the scholarship amount; funds sent automatically to college you are attending; must achieve a 2.5 gpa in freshmen year and 3.0 gpa or better thereafter  Based on four years of high school grades and ACT score; award reduced 50% if college GPA falls between 2.5 and 3.0 after first year; lose award if GPA falls below 2.5
Kentucky Tuition Grant (KTG) Awarded to students attending private Kentucky colleges Up to $3,000 per year
 College Access Program (CAP)  Awarded to students’ whose expected family contribution (EFC) is 3,850 or less (determined by the FAFSA)  Maximum award is $1,900


Click on the links below for more information!


Contains information on Free Application for Student Aid


The Kentucky Higher Education Assistance Authority  administers KEES, KTG, and CAP grants. KHEAA also conducts financial aid verification for several Kentucky colleges and universities, including WKU.






Some of the links on this page may require additional software to view.

 Last Modified 12/7/18