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Financial Aid & Scholarships University of Kentucky Office of Student Financial Aid and Scholarships 2017 Freshmen Orientation See Your Dreams, See Your Future, See Blue
Financial Aid & Scholarships
University of KentuckyOffice of Student Financial Aid
and Scholarships
2017 Freshmen Orientation
See Your Dreams, See Your Future, See Blue
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Student Financial Aid Office127 Funkhouser Building
Lexington, KY 40506-0054Phone: 859-257-3172Fax: 859-257-4398
www.uky.edu/financialaid
Office Hours:Monday - Friday 8 am to 4:30 pm
Financial Aid & Scholarships
SFA Counselor Assignments
Front Desk: 859.257.3172
SCHOLARSHIPSThere are several ways to receive scholarships at UK
Financial Aid Office Need-based scholarships Departmental and College-Sponsored
Scholarships Must apply for separately
Office of Academic Scholarships Academic-based Scholarships Legacy Tuition Program 859-257-4198
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Financial Aid & Scholarships
Financial Aid & Scholarships
Apply for Financial Aid
File a FAFSA www.fafsa.gov - List UK school code: 001989 - Use prior-prior year tax information
(ex. 2017-2018 FAFSA use 2015 tax info) - Must be completed every year
- FAFSA available OCTOBER 1st - It is not too late to apply for 17/18
year
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Financial Aid & Scholarships
Selected for Verification?
If selected for Verification complete requirements at www.KHEAA.com
Make sure the IRS Data Retrieval Tool has been used on the FAFSA for all tax filers
If unable to use the DRT, a Tax Transcript can be requested at www.IRS.gov/Individuals/Order-a-Transcript
Call KHEAA 1-855-272-8771
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Financial Aid & Scholarships
Financial Aid & Scholarships
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University of Kentucky2016-2017 Average Cost of Attendance
*NOT ALL COSTS ARE BILLED CHARGES! *STUDENT IS ONLY BILLED FOR TUITION, FEES,
AND ROOM & BOARD
2017-2018tuition rates will become available in May
Financial Aid & Scholarships
Freshman Cost Calculator http://seeblue.com/calculator
See 2016-2017 Example Below:
*Amounts will be updated for 2017-2018 in May
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Financial Aid & Scholarships
Types of Aid
Grants: Federal and State Grants Do not have to be paid back Must qualify based on financial need (FAFSA)
Loans: Federal and Private Loans Must be paid back
Scholarships: Academic & Need Based Academic: based on ACT & GPA Need Based: based on FAFSA information Academic & Need Based: UK LEADS scholarships and grants [must file FAFSA to qualify]
*All Academic Scholarships have been offered and decisions are FINAL.
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Financial Aid & Scholarships
Federal Direct Loans Subsidized Loan:
No interest while in school Current interest rate is 3.76% Interest and repayment begins 6 months after graduation or enrolled less than half time
Unsubsidized Loan: Interest accumulates while in school Current interest rate is 3.76% Repayment begins 6 months after graduation or enrolled less than half time
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Financial Aid & Scholarships
Federal Work-Study (FWS)
Limited Funds – Awarded to student based on Financial Need and FAFSA filing date
If awarded Pick-up Job Packet from FWS Office in AUGUST
uky.edu/hr/employment/student-employment
Student Employment (STEPS)
*Wide range of jobs available on campus for students who may not be eligible for FWS
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Financial Aid & Scholarships
Kentucky Educational Excellence Scholarship (KEES)
Maximum award for GPA - $2000 Maximum ACT (28+) bonus - $500 Renewable for 8 semesters Estimated KEES amount noted on August billing statement KEES credited to student accounts after add/drop period each
semester 2.5 cumulative GPA at end of first year required to retain full
award; 3.0 GPA after second year See SFA website for full details on retaining eligibility Verify SSN and birthday with guidance counselor
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Financial Aid & Scholarships
Need More Funding?
Additional Loans Are Available: Parent PLUS Loan: Federal loan in the parent’s name (apply mid-April)
Student Alternative Loan: Outside loan in the student’s name with a co-signer
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Financial Aid & Scholarships
Receiving an Outside Scholarship?
Complete Outside Scholarship / Resource Form on our website
www.uky.edu/financialaid
Click on Forms and the letter ‘O’
Attach a copy of scholarship award letter and submit to our office
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Financial Aid & Scholarships
Steps to Accept Aid
1. Log into MyUK: http://MyUK.uky.edu 2. Student Services>Financials>Financial Aid3. Academic Year – Select 2017-20184. Terms and Conditions – Click I Agree (this is not
accepting the aid yet)5. View and Accept – Fill in Buttons to Accept or Decline each item6. Click ‘Submit as Indicated’
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Financial Aid & Scholarships
Student’s Bill Will Only be Emailed to Student’s UK Email Address!!
Fall Bill sent August 1st, Due August 22nd
Spring Bill sent January 1st, Due January 22nd
Student can attend classes with an unpaid balance
1.5% late fee assessed to unpaid balance at the end of each month
Cannot register for future semesters until balance is paid @seeblue
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Financial Aid & Scholarships
How to Estimate Your Bill for the Semester
Tuition and Fees + Residence Hall charges(if applicable) = Total Bill for the Semester - Estimated Financial Aid______________ = Balance Due or Amount to be Refunded
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Financial Aid & Scholarships
Financial Aid & Scholarships
Installment Payment Plan Pay bill in multiple installments (up to 4)
over the semester Cost $50 enrollment fee per semester Payments are due by the 22nd each
month Students enroll on MyUK Failure to make monthly payment results in disenrollment from plan Everyone is eligible for payment plan!
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Financial Aid & Scholarships
Activate “Guest View”
Guest can view student account information, view the bill, and make payments
Guest can make payments MyUKMyInfoGuest Access
Enter guest email & set access level (Note: Expiration date on guest view)
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Financial Aid & Scholarships
When Is Aid Released?(If enrolled full-time & without any financial aid holds)
About 10 days prior to classes beginning: Scholarships, Direct Loans, Perkins Loans, Parent Plus Loans, Alternative Loans
About 10 days into the semester (after last day to add): PELL Grant, CAP Grant, KEES
If enrolled part time: all aid will post after the last day to add
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Financial Aid & Scholarships
How do I receive my remaining Financial Aid?
SIGN UP FOR DIRECT DEPOSIT
MyUK> Student Services>MyInfo>Direct Deposit
Refund will be sent after bill has been paid in full each semester
Email notification when money has been sent to student’s bank account
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Financial Aid & Scholarships
“Can Financial Aid be used to pay for Books?”
Students can request a Book Voucher Available if aid is more than enough to cover bill Eligible students receive an email 1 week before first day of classes Complete steps from email for funds to be available on Wildcard Student ID to use at participating bookstores
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Financial Aid & Scholarships
Satisfactory Academic Progress Requirements for Federal/State Need-Based Aid
Successful completion of two-thirds (67%) of all courses attempted
Earn at least a 2.0 cumulative GPA at the end of the spring 2016 semester
Receipt of need-based aid capped at 150% of the credit hours required for your degree*Please note that academic scholarships and KEES may have other requirements @seeblue
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Financial Aid & Scholarships
Reminders:
Reapply for financial aid each year. FAFSA available October 1st
Respond ASAP to requests for additional information or clarification.
Keep a record of all applications; make notes of contacts.
Contact us when questions/concerns arise or when major changes occur.
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Financial Aid & Scholarships
Thank You! Counselors are available upstairs for questions.
See Your Dreams, See Your Future, See Blue @seeblue
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Financial Aid & Scholarships
