7. I've been asked to submit a
copy of my tax return, but I can't find it. How can I get another copy?
Answer: 
A student or parent can call 1-800-829-1040 and request a tax transcript from
the IRS. It will take approximately 10 business days to receive this form
in the mail.
8. Do I have to complete the FAFSA
again next year?
Answer:
Yes, you must complete a FAFSA each academic year. You should apply before EKU's
priority deadline of March 15th every year. Renewal of your financial aid package
also depends on you making satisfactory academic progress toward a degree, such
as earning a minimum number of credit hours and achieving a minimum GPA. For additional information see:
Satisfactory Academic Progress.
9. What tax returns are required
to complete the 2009-10 FAFSA?
Answer:
You will need to provide 2008 FEDERAL - not state - tax information on the
FAFSA.
10. Who do I need to contact if
I have special circumstances or questions about my financial aid?
Answer:
Contact the financial office and ask to speak with a counselor
to discuss any circumstances that you feel may affect your financial aid eligibility.
For additional information see: Professional Judgment Policy.
11. How will I be notified of
my aid eligibility?
Answer:
Once EKU receives your FAFSA results, and you have been admitted to EKU the
financial aid office will send you an award notice. For currently enrolled
EKU students, award notices will be sent to the EKU email address at the end of the spring term after academic progress is checked. New freshmen and transfer students will be sent
award notices via the US postal service once their aid process is completed.
Please Note: If there is conflicting information reported
on your FAFSA, our office may have to ask for additional information, and if
you are selected for verification, you will be required to submit signed copies
of parents and students (your) federal tax returns. You will also have to complete
a verification worksheet. Financial aid awards are sent to students only after
their aid process and verification has been fully completed.
12. How much financial aid will
I receive?
Answer:
The amount of aid you are eligible to receive is determined by the information
reported by your family on the FAFSA. The US Department of Education uses
a formula to determine each student's EFC (estimated family contribution).
The EFC is the amount of money the government has determined that a family
can contribute to the student's educational costs. The EFC determines
grant and loan eligibility. To qualify for a PELL or CAP grant a student must
have an EFC of 4041 or below.
13. How many credit hours are
required to receive aid?
Answer:
Generally, students must be enrolled at least half time (6 credit hours for
undergraduate and graduate students) in required coursework to receive most
types of aid including Stafford Loans. However, a student may receive a Pell
Grant for less than half-time enrollment.
14. How can I apply for a Federal
Stafford Loan? How much can I borrow?
Answer:
You must first fill out the FAFSA. The amount of loan that you can borrow
depends on your classification (freshmen, sophomore, etc). Freshmen can borrow
up to $5500.00, sophomores can borrow up to $6500.00, and juniors/seniors can borrow up to $7500.00
for the academic year. You must sign a Master Promissory Note (loan application)
at www.kheaa.com (using your federal PIN #) before your loan can be applied
to your account. If you still need additional loans to pay for your education,
an independent student may be eligible for an additional unsubsidized loan
and a dependent student's parent may apply for a parent PLUS loan. All
students must complete entrance loan counseling on line prior to their first
loan disbursement. First time borrowers (freshmen) cannot receive the first
disbursement of their loans until 30 days after the school term begins.
15. What is the difference between
a Federal Subsidized/Unsubsidized Stafford Loan?
Answer:
For the need-based Subsidized Stafford Loan, the federal government pays the
interest while you are enrolled at least half-time (six semester hours). However,
for the non need based Unsubsidized Stafford Loan, interest does accrue while
the student is enrolled and must be paid by the student upon graduation or
ceasing enrollment of half time status. Both types of Stafford loans have
an interest rate that is capped at 8.25%. Repayment begins six months after
you graduate or you cease to be enrolled at least half-time (six semester
hours).
16. What is a Federal Parent Loan
(PLUS)?
Answer:
The PLUS Loan allows a parent of a dependent student to borrow funds to meet
the cost of attendance not met by other financial aid. The amount a parent
is eligible for equals cost minus other aid. The repayment on these loans
begins 60 days after the loan is disbursed. The interest rate is not to exceed
9%.
17. How does my parent apply for
a PLUS loan?
Answer:
Your parent must complete the on-line credit decision process (ZIP) at www.kheaa.com. The parent must also sign a PLUS Master Promissory
Note (MPN) at www.kheaa.com. The parent borrower must have a federal PIN number
(apply at www.pin.ed.gov) in order to e-sign.
18. What can I do if the PLUS
loan is not approved?
Answer:
The student may contact our office to request an additional Unsubsidized Stafford
Loan. ($4,000 per academic year for freshmen/sophomores; $5,000 per academic
year for juniors/seniors).
19. What is a Federal Perkins Loan?
Answer:
A Federal Perkins Loan is a low interest loan for exceptionally needy students
(at EKU this means the EFC must be zero). Perkins Loans have an interest rate
of 5%. Repayment begins nine months after you cease to be enrolled at least
half-time (6 credit hours). A promissory note must be completed on line with
your federal PIN number at
www.ecsi.net/promi7.
20. What is Federal Work Study
(FWS)?
Answer:
FWS offers part-time job opportunities for students both on campus and in
community service projects. Students receive a paycheck every two weeks for
hours worked. For more information go to jobs.eku.edu
or contact the FWS employment office at SSB 219 or at 859-622-1760.
21. What should I do after I accept
my FWS award?
Answer:
Before you can begin working you must complete employment paperwork in the
EKU Student Employment Office in SSB 219.
22. What is a Federal Pell Grant?
Answer:
The Pell Grant is need-based grants ranging from $400 to $4731 per year. The
Pell Grant is available to degree seeking undergraduate students with an EFC
of 4041 or less (as determined on the FAFSA).
23. How many credit hours must
I enroll in to receive a Pell Grant?
Answer:
Full time enrollment (12 credit hours) is required to receive the full Pell
Grant award. Students with a semester course load of 1-11 credit hours may
be eligible for a prorated portion of their Pell Grant.
24. What is a CAP (College Access
Program) Grant?
Answer:
The CAP Grant is a need-based state grant. Students must be eligible for a
Federal Pell Grant (EFC of 4041 or less), complete the FAFSA by March 15 and
be a Kentucky resident in order to be considered.
25. What is the Federal Supplemental
Educational Opportunity Grant (FSEOG)?
Answer:
The FSEOG is a need-based grant. Students must be eligible for a Federal Pell
Grant (EFC of 4041 or less) and complete the FAFSA by March 15th (EKU's application
priority date).
26. How will I receive my KEES
money?
Answer:
KEES money is not received by the university until mid September for the fall
and mid February for the spring term. Your school will submit verification
of your enrollment to KHEAA after the drop/add period of the term. Once funds
are received the KEES money will be applied to your account. You may check
your KEES award amount at www.kheaa.com.
27. What is EKU's school code
for the FAFSA?
Answer:
001963
28. How do I contact EKU's Financial
Aid Office? What are the office hours?
Answer:
Hours of operation:
