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 Student Aid form available online at FAFSA.ed.com.
If you need more information, contact Eveline Higgs at (270) 351-5003, or via e-mail
at erhiggs@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 Officer, 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, or Toll Free at 1-877-862-1952. 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). Federal Direct Student Loan amounts are determined by class level.
Q: How long do I have to repay a student loan?
A: You have up to ten years to repay depending on how much money is borrowed.
Q: Do I have to pay the interest on student loans while I am in college?
A: No. Loan interest and principle are in deferment as long as the student takes at least six credit hours per semester. When the student fails to take at least six credit hours per semester or graduates, the student must start making payments. (Note: The student must show academic progress during the time they are attending.)
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, assuming you are in good standing with the lender and show academic progress. Special stipulations apply for student loans between 1987 and 1993.
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.
