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Loan Information

To receive any type of loan a student

Must complete the Free Application for Federal Student Aid (FAFSA)
Submit all requested documents from Owl Express.
Be admitted into a degree program at KSU.
Have received an award notification via your KSU Student E-Mail and an award letter on Owl Express.
Complete Entrance Loan Counseling on the web.
Must accept terms and conditions in Owl Express.
Must accept offered loans in Owl Express and choose a lender from Participating Lender List.
E-sign a Master Promissory Note (MPN) with your lender in Owl Express.
After graduation or dropping below half-time enrollment, complete Exit Loan Counseling on the web.

Click here for Student Loan Application Process for complete details on how to apply for a student loan.

Federal Perkins Loan

Awarded to students with exceptional need on first come, first serve basis
9-Month grace period before repayment begins
5% Interest rate
Award ranges from $500 - $1000 per academic year
Must have completed file by priority deadline of April 1st
Based on very limited funding
$40 Minimum monthly repayment
No interest while in school

Federal Subsidized Stafford Loan

Available to students who demonstrate financial need
6-Month grace period before repayment begins
6% Interest rate
$50 minimum monthly repayment
Federal government pays interest during in-school period or deferment
Must be enrolled at least 1/2 time

Federal Unsubsidized Stafford Loan

Available to students partially eligible or not eligible for Federal Subsidized Stafford Loan
6-Month grace period before repayment begins
6.8% Interest rate
Award cannot exceed annual amounts allowed for the student's total budget
Student is responsible for interest while enrolled in school and during 6 month grace period
Must be enrolled at least 1/2 time

Annual Stafford Loan Maximums
Level	Dependent Student	Independent Student
Freshman	$5,500 (only $3,500 can be subsidized)	$9,500 (only $3,500 can be subsidized)
Sophomore	$6,500 (only $4,500 can be subsidized)	$10,500 (only $4,500 can be subsidized)
Junior & Senior	$7,500 (only $5,500 can be subsidized)	$12,500 (only $5,500 can be subsidized)
Graduate	$20,500 (only $8,500 can be subsidized)

Additional Federal Unsubsidized Stafford Loan

Additional loan funds available for dependent students whose parents were denied a Federal Plus loan

Federal PLUS Loan

Available to parents of dependent students
Amounts are determined by the student's budget minus any other aid received
No grace period
If PLUS Loan is denied, the student may borrow additional unsubsidized Federal Stafford Loan (See additional Federal Unsubsidized Stafford loan)

Emergency Loan Program

The emergency loan program is designed to provide temporary assistance to students during the enrollment process. An emergency loan for in-state tuition and fees may be available. The student must be in good academic standing (2.0 AGPA). Students cannot receive an emergency loan two consecutive semesters, and they are allowed a maximum of three emergency loans while at KSU. Additionally, if the student is experiencing some mitigating circumstance that produces hardship, a personal loan for $400 may also be available. Students who need emergency funds for tuition and fees or for personal circumstances, should complete an application available in the Office of Student Financial Aid. Please view the Deadlines webpage for dates the Emergency Loan applications are available. The funds available for this program are limited. Applications will be processed on a first-come, first-served basis.

A service charge of $10 will be added to the tuition and fees and/or the personal loan. In addition, the loan must be repaid within 45 days. If not, a $25 late charge will be added to the emergency loan. If a student is late paying an emergency loan, the student is considered delinquent in payment. A student that is delinquent in payment may no longer be eligible for any emergency loans during their academic career at KSU. Also, students will not be allowed to register for the following semester if they have not repaid their emergency loan.

Loan Change Request

To make changes to a previously accepted loan, use the Change Request Form.

Return Of Title IV Funds

As part of the Higher Education Amendments of 1998, Congress passed new provisions governing what must happen to your Federal financial assistance if you completely withdraw from school in any semester. You should familiarize yourself with Kennesaw State University's Institutional Refund Policy - Return of Title IV Funds.

Office of Student Financial Aid
1000 Chastain Road
Kennesaw, GA 30144