$5,444

Avg. Federal Grant

$6,035

Avg. Federal Loan

$11,301,401

Total Aid Awarded

Kentucky State University (KSU) Financial Aid and Scholarships

Students Receiving Aid Percent of Students Receiving Financial Aid.

73%

Total Aid Amount Average Total Aid Awarded per year.

$11.301M

Financial Aid Official Website

kysu.edu/administration-governance/engagement-and-enrollment-management/financial-aid/

Such schemes include Academic Grant for First Time Students, Commonwealth Scholarship, Educational Foundation of the KYCPA Scholarships, and Excellence Scholarship. Notably, 92% of the students at Kentucky State University get some kind of financial aid every year, and the total amount of assistance/loans provided adds up to around $5,427,014. More information regarding the financial assistance schemes can be accessed on KSU’s official financial aid page at http://kysu.edu/administration-governance/engagement-and-enrollment-management/financial-aid/. At KSU, the total percentage of applicants who receive the Federal Grant stands at 71%. In comparison, 92% of the students are awarded the Student Grant, 91% get the Institution Grant, and 71% of the applicants receive the Pell Grant. Moreover, the average aid amount for Federal Grant awardees stands at $6,094, while the same comes to $2,567 for State Grant receivers and $5,779 for Institution Grant awardees. As far as the Pell Grant beneficiaries are concerned, the average aid received stands at $5,210. The annual family income of a candidate is one of the key factors in determining their total eligibility for financial aid. In addition to financial grants and scholarship schemes, students can also avail of monetary benefits like student loans to pay for their education. In contrast to grants and scholarships, student loans are taken by the candidates at a certain rate of interest. Moreover, the funds received through these loans will have to be repaid within a given timeframe. At KSU, an estimated number of 71% of the applicants choose to go for student loans.

Financial Aid Breakdown

Student Receiving Aid

Federal Grant Aid

69%

State Grant Aid

34%

Institution Grant Aid

91%

Pell Grant

69%

Average Aid Awarded

Federal Grant Aid

$5,444

State Grant Aid

$1,896

Institution Grant Aid

$4,290

Pell Grant

$5,334

At Kentucky State University, the breakdown includes Federal Grants, Pell Grants, state grants, and institutional grants. Institutional grants have the highest percentage contribution of 91% with an average aid amount being $4,290.

Pell grants have a percentage of 69% with an average aid amount of $5,334 and for federal grants, the aid percentage is 69%, and aid amounts to $5,444. State grants have a percentage of 34% with an aid average of $1,896.

Federal Aid based on Family Income

Family Income

Average Federal Aid Per Year

Under $30,000

$10,051

$30,001 - $48,000

$10,994

$48,001 - $75,000

$7,424

$75,001 - $110,000

$4,814

Over $110,000

$2,719

Lower the family income higher is the amount of aid one can expect to receive. For those students who have a family income under $30,000 can expect to receive an aid amount of $10,051 while those with family income over $110,000 can expect to receive an aid amount of $2,719. This helps students who are coming from low-income homes to pay for their degrees.

Student Loans for Kentucky State University (KSU)

Average Loan Amount Average Loan Amount received per year.

$6,196/Year

Students Taking Out Loans

67%

Loan Default Rate

14.8%

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