Each year nearly 4,000 Kansas State University undergraduate students receive more than $6 million of scholarship assistance based on their academic records, financial need, and/or leadership qualities. Freshmen are encouraged to meet K-State's early application deadline of November 1 of their senior year. All students should meet the final application deadline date of February 1 each year for the following academic year. Applications and scholarship information are available from high school counselors, the Office of Student Financial Assistance, and the various colleges at K-State.
Assistance exceeds $8 million. The Free Application For Federal Student Aid is the application for these programs and should be filed by March 1.
The Perkins Loan is a five percent interest loan. The Direct Loans are variable interest loans. The HPSL carries a five percent interest rate.
The Federal Subsidized and Unsubsidized Direct Loans contain the same basic annual limits and interest rates, which is capped at 8.25%. The Subsidized Direct Loan is based on financial need while the Unsubsidized Direct does not carry a need requirement. Repayment on the principal of both loans begins six months after the student stops attending at least half time. In school interest payments on the Subsidized Direct Loan is maintained by the federal government and by the student on the Unsubsidized Direct Loan. The repayment period may be up to 10 years.
The Alumni/Foundation Loan charges six percent interest payable annually from the date of the loan, with $50 monthly payments beginning three months after the borrower leaves school.
The Federal PLUS loan is capped at 9 percent but has a variable interest rate from year to year. It begins accruing interest 60 days after the borrower receives the money. Parents borrowing on their student's behalf, begin monthly payments 60 days after receiving the money.
Qualified students also may borrow through emergency, alumni, and endowment funds to meet specific needs. Interested students should contact the Office of Student Financial Assistance.
To be employed on the hourly student payroll, a student must be enrolled in at least 6 resident semester credit hours at K-State during a fall or spring semester, and at least 3 resident semester credit hours at K-State during a summer term, or have been enrolled in at least 6 resident semester credit hours at K-State during the preceding spring semester.
Services for veterans
Veterans who have more than 181 days of service after January 31, 1955, may be eligible for educational benefits. Children of a deceased or disabled veteran may be entitled to educational benefits, providing the veteran's death or disability was due to active service in World War I, World War II, the Korean Campaign, or Vietnam.
Information may be obtained from your nearest Veterans' Administration Office or the Office of Student Financial Assistance.