Understanding Types of Aid
Grants

A grant is free money and does not have to be repaid. If you withdraw from the university, never begin attending a class(es), or stop attending classes, these funds may be subject to the Return of Title IV policy, which means TKU would have to return a portion of the funds received.

Name Eligibility Annual Award Range Population
Federal Pell Grant EFC from 0-5711 (Determined by the FAFSA) Up to $6,345 Undergraduate only
Federal Supplemental Educational Opportunity Grant Must be Pell Eligible Depends on yearly allocation TKU receives from the Dept. of Education Undergraduate only

For more information on grants, please visit: https://studentaid.gov/understand-aid/types/grants

Loans

A loan is borrowed money that must be repaid with interest. If you withdraw from the university, never begin attending a class(es), or stop attending classes, these funds may be subject to the Return of Title IV policy, which means TKU would have to return a portion the funds received.

Name Annual Award Range Population
Federal Direct Subsidized Loan Up to $5,500 depending on grade level (Undergrad only) Undergraduate only
Federal Direct Unsubsidized Loan Up to $12,500 depending on grade level (Undergraduate)
Up to $20,500 (Graduate)
Undergraduate, Graduate
Parent PLUS Loan Varies, up to Cost of Attendance Undergraduate only
Federal Direct Graduate PLUS Loan Varies, up to Cost of Attendance Graduate only
Private Loans Varies, up to Cost of Attendance Undergraduate, Graduate

For more information on loans, please visit: https://studentaid.gov/understand-aid/types/loans

Federal Work Study

The College Work-Study program allows students to work part-time in specified positions offered through TKU to help pay for educational expenses. Students can indicate their preference for College Work-Study on your Free Application for Federal Student Aid (FAFSA). A student’s eligibility is determined by their FAFSA.

Students are paid at least the federal minimum wage. Wages vary depending on position. Check specific job listings for more details at: TKU Employment

If you file income taxes, you must claim your work study earnings.

When completing the FAFSA for the following year, report your work-study earnings under the Additional Financial Information section. Work-study earnings are treated as financial aid rather than income when the Expected Family Contribution is calculated.

Work-study jobs are partially funded by the state or federal government.

For more information on work-study, please visit: https://studentaid.gov/understand-aid/types/work-study

Scholarships

Scholarships are offered in a yearly cycle and applications/deadlines are posted as these funds are made available. Requirements and information regarding scholarship can be found below.

SCHOLARSHIPS

For more information, please visit: https://studentaid.gov/understand-aid/types