Financial Aid

Consider government financial aid as you are preparing to further your education. Many people who think they do not qualify actually receive grant money (student does not repay) and/or student loan money (student repays). It is easy to find out if you qualify. Complete a Free Application for Federal Student Aid available online at fafsa.gov. If you need more information, contact Vicki Obermann at (618) 537-6829 or via e-mail at vbobermann@mckendree.edu.

You may qualify for tuition reimbursement from your employer. Companies vary in what they provide per year in educational benefits, so be sure to contact the Human Resources Department at your company for information on your benefits.If you are an active military person or a veteran, you may have educational benefits under those programs. Check the deadlines for using those benefits. Sarah Clark, Financial Services Coordinator, is an excellent source of information regarding military and veterans' benefits at the Louisville Campus. You can contact our Louisville, Kentucky campus at (502) 266-6696, Toll Free at 1-877-862-1952, or via e-mail at skclark@mckendree.edu.  At the Radcliff Campus, please contact Eveline Higgs at (270) 351-5003, Toll Free 1-877-319-3576, or via e-mail at erhiggs@mckendree.edu.

McKendree University participates in the following financial aid programs:


•   College Access Program (CAP) - State Grant

•   FASFA - Note: Use code 001722

•   Company Tuition Assistance

•   Kentucky Tuition Assistance (KTG) - State Grant

•   Military Tuition Assistance

•   Pell - Federal Grant

•   Student Loans

•   Veterans' Education Benefits


A financial aid counselor is available to answer questions and help complete financial aid forms.

FAQ

Q: What do I have to do to find out if I qualify for financial aid?
 

A: The Department of Education requires a completed Free Application for Federal Student Aid (www.fafsa.gov).


Q: Do many people qualify for grants? 

A: Several students do qualify. Eligibility is determined by completing the Free Application for Federal Student Aid (www.fafsa.gov).


Q: Can I qualify for student loans? 

A: Yes, by completing the FAFSA (www.fafsa.gov) and you are in good standing with any previous loans or do not owe an overpayment to the Federal government.  Federal Direct Student Loan amounts are determined by class level and enrollment hours.


Q: How long do I have to repay a student loan? 

A: Depending on the types of loans you have and repayment plan you choose, you can have from 10 to 30 years to repay..


Q: Do I have to pay the interest on student loans while I am in college? 

A: The government pays the interest on Federal Direct Subsidized loans.  Students are responsible for the interest while in school on any Federal Direct Unsubsidized loan they may take out.  Students who have borrowed Federal Direct Unsubsidized loans are billed twice annually and have the option to pay the interest billed or capitalize at repayment.


Q: I had a student loan at a previous school, and I am making payments. Will that loan be deferred when I start taking at least six credit hours per semester at McKendree? 

A: Yes, as long as you are enrolled at least half time or more per semester. 


Q: I don't like to be in debt. Why should I go into debt for an education? 

A: A quality education is a great investment. Unlike a car or other items, a quality education does not depreciate. It gives individuals a tool to earn more money and increase job satisfaction.