Making KU affordable

Federal loans

Eligibility

Information provided on the FAFSA determines eligibility for the Federal Perkins Student Loan, Federal Health Professions Student Loan (HPSL), Federal Loan for Disadvantaged Students (LDS), Federal Stafford Loans (Subsidized and/or Unsubsidized), Federal Parent Loan for Undergraduate Students (PLUS), and Federal Graduate PLUS Loan.

To be considered for federal loans, you must meet the following eligibility requirements as well as federal aid eligibility criteria (individual programs may have additional requirements):

  • File the FAFSA (file by March 1 to be considered for limited-fund, low-interest loan programs).
  • Be enrolled as a degree-seeking student (financial aid is typically not available for nondegree-seeking students (PDF))
  • Be enrolled in at least 6 credit hours as an undergraduate, pharmacy, or law student. (Graduate students may be eligible at less than 6 hours: see Graduate Studies policy).

To continue to receive a loan or be eligible for an in-school loan deferment, you must be enrolled in at least 6 hours each fall and spring semester. If you drop below 6 hours, your grace period and repayment schedule will begin.

Review the current Financial Aid Guide (PDF) for details on award amounts and information regarding circumstances that may cause your aid to be adjusted or cancelled. If you withdraw from classes, you may be required to repay some or all of your aid. Review the Withdrawing and/or Dropping classes (PDF) publication for details.

All available loans:

Federal Graduate PLUS Loan
Deadline: not listed
Award: Cost of attendance minus any other financial aid received
Description:

Graduate PLUS loans are unsubsidized federal loans available to graduate/professional/law students with good credit who need loans in addition to their federal Stafford loans.

Application instructions:
  1. File the FAFSA. FAS recommends you file by the March 1st KU priority date to be considered for limited funded aid programs. Deadlines for a particular semester may apply. Contact FAS for details.
  2. List the University of Kansas school code (#001948) on the FAFSA.
  3. Follow the steps outlined on the Application Process Checklist.
  4. Complete the Graduate PLUS Loan Request FormMore information and how to apply.
Federal Parent Loan for Undergraduate Students (PLUS)
Deadline: not listed
Award: Cost of attendance minus any other financial aid received
Description:

Federal PLUS loans allow parents with good credit to borrow funds to pay educational expenses for their child's undergraduate education.

Application instructions:
  1. File the FAFSA. The Financial Aid and Scholarships (FAS) office recommends you file by the March 1st KU priority date to be considered for other aid programs. Deadlines for a particular semester may apply. Contact FAS for details.
  2. List the University of Kansas school code (#001948) on the FAFSA.
  3. Parents who want to request a PLUS loan must submit a PLUS Loan Request Form to FAS.
  4. Follow the steps outlined on the Application Process Checklist.
Federal Health Professions Student Loan (HPSL) and Federal Loan for Disadvantaged Students (LDS)
Deadline: not listed
Award: Varies
Description:

HPSL and LDS are fixed-rate, low-interest, need-based federal loan programs only available to students in the PharmD program on the KU Lawrence campus.

Application instructions:
  1. File the FAFSA by the March 1st KU priority date. This is a limited funded program, so students with completed financial aid files by March 1st will be given priority consideration.
  2. Include parent information on the FAFSA, regardless of your dependency status.
  3. List the University of Kansas school code (#001948) on the FAFSA.
  4. Follow the steps outlined on the Application Process Checklist.
The University of Kansas Endowment Association Loan Program
Deadline: not listed
Award: Please review the KUEA Loan Information Sheet for information about award amounts.
Description:

KU Endowment is an independent, nonprofit corporation serving as the official fund-raising and fund-management organization for the University of Kansas. Through the years, many KU alumni and friends have made gifts to KU Endowment for the purpose of providing low-interest loans to deserving students. The KUEA Loan program is a low-interest loan available to undergraduate and graduate/professional/law students.

Application instructions:

Apply online at http://www.kuendowment.org/students/loans/.

Federal Stafford Loans (Subsidized and/or Unsubsidized)
Deadline: not listed
Award: Varies
Description:

Federal Subsidized and Unsubsidized loans (also known as Stafford loans) are educational loan programs that must be repaid, with interest, even if you do not complete your academic program.

Application instructions:
  1. File the FAFSA. The Financial Aid and Scholarships (FAS) office recommends you file by the March 1st KU priority date to be considered for other aid programs. Deadlines for a particular semester may apply. Contact FAS for details.
  2. List the University of Kansas school code (#001948) on the FAFSA.
  3. Follow the steps outlined on the Application Process Checklist.
Federal Perkins Loan
Deadline: not listed
Award: Typically $4,000 undergrad/$6,000 grad
Description:

The Federal Perkins Loan is a fixed rate, low-interest, need-based loan.

Application instructions:
  1. File the FAFSA by the March 1st KU priority date. This is a limited funded program, so students with completed financial aid files by March 1st will be given priority consideration.
  2. List the University of Kansas school code (#001948) on the FAFSA.
  3. Follow the steps outlined on the Application Process Checklist.
Private/Alternative Loan Programs
Deadline: not listed
Award: Varies by lender
Description:

Private loans are funds from private lenders that help cover educational costs. You may want to consider a private loan if federal financial aid is not enough to cover your Cost of Attendance (COA).

Application instructions:

Many lenders offer private loans. While KU does not endorse any specific private lender, the Private/Alternative Loans Information Sheet includes lenders most frequently selected by KU students in the past year. We encourage you to research various lenders and select the one that best fits your needs. Do not complete a loan application until you have selected your lender. If the loan you select does not meet KU's school certification requirement or if you have already reached your maximum eligibility for financial aid, you will be notified.


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