Please see the 2007-2008 Stafford Loan List for Graduate/Professional/Law Students for more information.
Click to hideFederal PLUS loans allow parents with good credit to borrow funds to pay educational expenses for their child's undergraduate education. Eligibility criteria include that each child must be a degree-seeking, dependent, undergraduate student enrolled in at least six credit hours. The maximum amount a parent may borrow is the student's Cost of Attendance, as determined by the University of Kansas, minus any other financial aid received by the student. The interest rate on a PLUS loan is fixed at 7.9%. For more information about PLUS loans, see the Plus Information Sheet, which includes a step-by-step guide for how to apply for a PLUS loan as well as frequently asked questions. To apply for a PLUS loan, the parent will need to complete a Plus Loan Request Form. The application process includes a credit check.
Click to hidePlease see the 2008-2009 Federal Direct Loan and Federal Family Education Loan (FFEL) List for Graduate/Professional/Law Students for more information.
Click to hideKU participates in the Federal Direct Loan Program and the Federal Family Education Loan Program (FFELP). Students are required to choose a lender to process their Federal Stafford Loans. It is important to note that the terms, conditions and the interest rate of the Federal Stafford Loans are determined by Federal Laws and Regulations. Those cannot and do not vary by lender. The ways in which a lender may vary is by the lender specific borrower benefits, origination fees and customer service.
We have established a Graduate/Professional/Law Student Loan List from which a student can select a lender for Federal Stafford loans. It is important to note the fee information and borrower benefits listed in the charts are subject to change.
The lenders on this chart have established electronic processes to transmit the loan applications and receive the loan funds with KU. Click here to learn more about how we chose our current set of lenders.
We have put together a list of questions you will want to consider when choosing your lender. You can use the websites listed to gather general information. We encourage students to call any potential lender with questions that they have:
We encourage students to research which lender best suits their needs and to only borrow what you truly need.
Choosing a lender not on the comparison chart:
You are not required to choose a lender from the above list. If you choose a lender that is not on the above list, please submit a written request to the OSFA, including your full name, email address, 7-digit KUID, the 6-digit lender ID code, and the full name and address of the lender. If you have questions, please contact us at financialaid@ku.edu or by calling 785-864-4700.
Click to hideIf your financial aid, scholarships or other payments exceed the amount on your eBill, you will have a credit balance on your account. Excess financial aid refunds are typically available 6 business days after your financial aid file becomes complete. The first day to obtain excess financial aid for the Fall 2007 term is August 14, 2007. Questions about financial aid that has not applied to your university account should be directed to the Office of Student Financial Aid.
The fastest way to get your refund is to elect to have your excess funds directly deposited into your checking or savings account. To select this option, fill out the following form. Your name must match the name(s) on the destination account.
Direct Deposit AuthorizationQuestions about picking up a refund check or having excess financial aid funds deposited into your bank account should be directed to the Bursar's Office at (785) 864-3322.
Click to hideThe U.S. Department of Education approved new financial aid programs beginning in the 2006-07 academic year.
New Academic Grant Programs: Academic Competitiveness Grant (ACG) and Science and Mathematics Access to Retain Talent Grant (SMART Grant).
To qualify for an ACG or SMART Grant, students must be 1) eligible for Federal Pell Grants; 2) US Citizens; and 3) full-time students.
ACG: A need-based grant program for students who successfully complete a rigorous high school program. The grant will be $750 for the first year of undergraduate study for students who graduated high school after January 1, 2006. The grant will be $1300 for the second year of undergraduate study (have completed 30 credit hours) for students who graduated high school after January 1, 2005, and maintained a 3.0 cumulative GPA during their first year of undergraduate study.
SMART Grant: A need-based grant program for students who are majoring in physical, life, or computer sciences, mathematics, technology, engineering, or a foreign language determined critical to national security. This grant will be $4000 for each of the third and fourth years of undergraduate study. Recipients must have a 3.0 cumulative GPA.
Click to hideThe U.S. Department of Education approved new financial aid programs beginning in the 2006-07 academic year.
Graduate PLUS: A loan program in which graduate students may borrow up to their established cost of attendance. Students must be enrolled in a minimum of 6 hours during the academic year (3 hours during the summer) and exhaust all other federal aid options prior to applying for the Grad PLUS. Applicants will be subject to a credit check to determine eligibility. The interest rate on these loans will be a fixed rate of 7.9%. Grad PLUS applications will be processed beginning after September 1, 2006.
The Family Educational Rights & Privacy Act (FERPA) protects the confidential financial and non-directory information on a student account. The Office of Student Financial Aid requires that a student complete an authorization to release information form (1 page PDF) before releasing protected information to anyone other than the student. If authorized, parents/guardians may receive student information over the phone or in person. This authorization does not allow a parent/guardian to set up online IDs, accept/decline financial aid, or view the student's financial aid information in Enroll & Pay. Online IDs are provided to students only and should not be shared with others. This form is also available on our Forms and Information Sheets page, and paper copies are available from the Bursar's Office.
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