Financial Aid

The Office of Student Financial Services at The King’s University is committed to helping you understand all of the resources available to fund your education. Financial Aid is available to assist those qualified students who desire to attend The King’s, but may lack the financial means to do so. The primary responsibility for financing an education belongs to the student and his/her family. Financial Aid is based upon need. Need is defined as the difference between the cost of attending The King’s and the Expected Family Contribution (EFC) toward the cost. The  “Free Application for Federal Student Aid” (FAFSA) is the form from which the EFC is calculated. It’s never too early to begin exploring financial aid options. We encourage future and current students to start investigating as soon as possible. Students must demonstrate eligibility to receive financial aid. To be eligible to receive financial aid, a student must:

  • Be a United States citizen or permanent resident.
  • Be enrolled as a full-time student for maximum financial aid.
  • Have a financial need.
  • Be seeking a degree or certificate and making satisfactory academic progress toward graduation.
  • Be registered with the Selective Service if a male, at least 18 years of age, and born after December 31, 1959.
  • Not be in default of any Title IV loans.


Types of Financial Aid

Federal Pell Grant
A Federal Pell Grant does not have to be repaid and is awarded only to undergraduate students who have not earned a bachelor’s or a professional degree. How much aid you get depends on:

  • Your Expected Family Contribution (EFC).
  • Your cost of attendance.
  • Whether you’re a full-time or part-time student.
  • Whether you attend school for a full academic year or less.

Students who received a Pell Grant for the first time on or after July 1, 2008, can only receive the Pell Grant for up to 18 semesters or the equivalent. Students may not receive Pell Grant funds from more than one school at a time.

Federal Supplemental Educational Opportunity Grant
Awarded to Pell-eligible undergraduate students with exceptional financial need. Priority is given to students with 0 (zero) EFC. Funds are limited.
William D Ford Direct Loan Program
Direct Loans are low-interest loans for students and parents to help pay for the cost of a student’s education after high school. The lender is the U.S. Department of Education, though most of the contact will be with your loan servicer. With Direct Loans, you

  • Have online access to your Direct Loan account information via your servicer’s website.
  • Can choose from several repayment plans, and you can switch repayment plans if your needs change.

Loan Limits

The maximum amount you can borrow each year in Direct Subsidized and Unsubsidized Loans depends on your grade level and on whether you are a dependent student or an independent student. The following table shows the maximum amount of money you may borrow each academic year in Direct Subsidized and Unsubsidized Loans as well as the total or aggregate amount you may borrow: 

Year Dependent Independent Graduate
1st $5,500 ($3,500)3 $9,500 ($3,500) $20,500
2nd $6,500 ($4,500) $10,500 ($4,500) $20,500
3rd – 4th $7,500 ($5,500) $12,500 ($5,500) $20,500
Aggregate $31,000 ($23,000) $57,500 ($23,000) $138,5005 ($65,500)
1Except those whose parents are unable to borrow a PLUS loan. 2These limits also apply to dependent students whose parents are unable to borrow a PLUS loan. 3The numbers in parentheses represent the maximum amount that may be subsidized. 4Graduate and professional students are not eligible to receive Direct Subsidized Loans for loan periods beginning on or after July 1, 2012. 5The aggregate amounts for graduate students include loans for undergraduate study. The actual loan amount you are eligible to receive for an academic year is determined by your school and may be less than the maximum annual amounts shown in the chart above. The aggregate limits include both Direct Subsidized and Unsubsidized Loans and any subsidized and unsubsidized Stafford Loans received through the Federal Family Education Loan (FFEL) Program. In order to determine loan eligibility you must complete the FAFSA. Interest rates on these loans can adjust either up or down every July 1 by the Department of Education. For more information on federal student loans please visit Federal Student Loan Program.


Apply for Financial Aid