Applying for US Federal Aid

American citizens and permanent residents studying full-time can apply for subsidized and unsubsidized Direct Loans, Parent Plus Loans, and/or Private Loans. A student may be eligible to borrow the maximum annual loan limit amount for each year of study.

These limits are effective for periods of enrolment during the Federal Student Aid fiscal year beginning on or after July 1st until June 30th. Students are expected to have their paperwork completed and submitted to Kingswood’s Financial Aid Office by July 15th.

Annual loan limits for dependent undergraduates:

Grade LevelBase AmountUnsubsidized LoanTOTALAdditional Unsubsidized
Loan if PLUS Denied
Total if PLUS Denied
Freshman$3,500$2,000$5,500$4,000$9,500
Sophomore$4,500$2,000$6,500$4,000$10,500
Junior and Higher$5,500$2,000$7,500$5,000$12,500


How to Apply for US Federal Aid from your
FAFSA:

  1. Create an FSA user ID.
  2. Complete FAFSA application online.
  3. Complete Master Promissory Note.
    • Go to www.studentloans.gov and complete steps to electronically submit a Master Promissory Note.
  4. Email Request letter to KU – Download PDF
  5. Complete Entrance Counselling.
    • Go to www.studentloans.gov. Choose Entrance Counseling: Direct Loan. Only for students applying for the first time at KU.
  6. Complete Exit Counselling.
    • If you are in your last year at Kingswood go to www.studentloans.gov and follow steps to complete Exit Counselling.

How to Apply for the Parent Plus Loan:

To apply for a Parent Plus Loan, you will need your own FSA ID. You may go to www.studentloans.gov and follow the directions for completing a Master Promissory Note. Parents will need their own FSA ID to log in with.

Note: If the parent has received an adverse credit decision the student can receive an additional unsubsidized loan (Contact the Director of Financial Aid at 1.506.432.4423).
Parents may still be eligible to receive a Direct PLUS Loan. To become eligible, you may take one of the following actions:

How to Apply for Private Loans:

Private Loans are available to students with a co-signer. If interested contact SALLIE MAE at http://www.salliemae.com and choose the “Private Student Loan” option.

Note: Banks will not lend money for foreign studies. Sallie Mae is the only private lender available outside of the US. This loan is in the student’s name; however, a co-signer is required.

Disbursement of Loans
Loan monies come in two disbursements in late August and early January.

Student Financial Aid Contact Info: 
Shelley Vail – Director of Financial Aid
Phone: 506.432.4423 or 888.432.4444
vails@kingswood.edu

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