Financial Aid Physician Assistant

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Presentation transcript:

Financial Aid Physician Assistant Student Financial Aid 127 Funkhouser Bldg P: 859.257.3172 F: 859.257.4398

Average Cost of attendance Spring 2017 IN STATE OUT OF STATE Tuition and Fees $6,590 $14,710 Room and Board $6,092 Books & Supplies $500 Travel $425 $575 Personal $1228 $1206 Loan Fee $87 TOTAL $14,922 $23,170 *Only Billed for Tuition and Fees

FAFSA FAFSA: Free Application Federal Student Aid Apply at FAFSA.ed.gov *Available NOW for 2016-2017 FAFSA (Spring 2017 and Summer 2017) *Also, apply for 2017-2018 FAFSA (Fall 2018) *School Code: 001989 *Must renew FAFSA every year. Application is available Oct 1st. *Filing FAFSA = Offered Loans

LOANS 1. UNSUBSIDIZED LOAN 2. GRADUATE PLUS LOAN *Graduate Students are eligible for $20,500 Unsubsidized Loan for the academic year (Fall/Spring/Summer). *Unsub Loan: Accrues interest while in school *Current Rate 5.31% 2. GRADUATE PLUS LOAN *Student can apply for Graduate Plus Loan at studentloans.gov if the $20,500 has been exhausted for the year. *Current Rate 6.31% *Requires Credit Check *Student can request specific amount or maximum amount (up to budget). Note: Student does not have to make payments on loans until 6 months after graduation.

TO Do for Loans Fill Out Spring Request Form Once receive email, accept loan on MyUK MyUK > Financials > Financial Aid > View and Accept Awards 3. Complete Master Promissory Note and Entrance Counseling at studentloans.gov 4. Sign up for Direct Deposit on MyUK under MyInfo (5. Apply for Graduate Plus Loan at studentloans.gov and complete additional Master Promissory Note and Entrance Counseling).

BILLING Spring Semester: Bill sent to email on January 1st, bill is due January 22nd. *Loans automatically pay towards bill once Entrance Counseling and Master Promissory Note are on file. *View bill on MyUK under: Financials > Account Services> Web Payment Services “Payment: ACH to student” = Money sent to bank account

Direct Deposit *Students can borrow loans for living expenses. *After loans pay entire bill, leftover funds are sent to bank account *Refunds sent through Direct Deposit *Sign up for Direct Deposit on MyUK under MyInfo

Bill Example:

THANK YOU! Any Questions?