Financial Aid FAQs

Applying for Financial Aid

When should I complete a new FAFSA for the upcoming academic year?

You can complete a FAFSA online from the FAFSA.ed.gov website by clicking on FAFSA listed under Tools and Resources, beginning in October. Please be sure that you are using the prior year's taxes. For more information on how to complete your FAFASA, go to studentaid.ed.gov.

School Year       Tax Year
2016-17 2015
2017-18 2015
2018-19 2016

Do I need to re-apply for financial aid each academic year?

Yes. 

What is the FAFSA code for KCU?

G02474

What is the priority deadline to fill out the FAFSA?

March 15.

Awarding

How can I access my financial aid information?

Go to Net Partner, KCU's Online Financial Aid site, at https://netpartner.kcumb.edu/student.

How am I notified of my financial aid awards?

Students will be emailed once their awards are available and you will be able to see them on Net Partner.

Loan Disbursements

How will I know when I will receive my disbursements?

Students will receive an email from the Department of Education detailing expected loan dates. When the loan is disbursed to their account, they will receive an email from Financial Aid telling them how much has been disbursed to their account. Refunds, if applicable, are then given to the student within 14 calendar days. The expected dates can change if a student does not complete required documents or has  not completed disbursement. Dates can also be seen on your Net Partner account.

I received the refund from my disbursement but I do not need the entire amount. What do I need to do to return a portion of it?

There is a Loan Change Request Form found on the intranet.

How do I complete Direct Loan promissory notes? 

Go to: https://studentloans.gov/myDirectLoan/index.action. This site is your source for information from the U.S. Dept. of Education about how to manage your federal student loans. A FSA ID is needed (fsaid.ed.gov). In addition, you can link to NSLDS, FAFSA, and online Entrance or Exit counseling and federal loan repayment information.

Finance

How do I sign up for direct deposit?

Request a direct deposit form from the Business Office. Complete the form and submit it with a voided check to the Business Office.

How do I know my refund check will be sent to my correct address?

Refund checks are mailed to the “preferred” address you provided the Registrar’s Office. Log into PowerCampus Self-Service to update your address.

Should I receive a 1098T for the tuition amount? Why is it not for the full amount of tuition?

Students will receive the IRS 1098T in late January from the Finance Office. The amount reported is for the calendar year, not the academic year. Students who graduated the previous year may not receive a 1098T because their fourth-year tuition was charged in the previous calendar year and those charges were on the previous years 1098T. Contact the Finance Office for questions regarding the 1098T.

General Information

How can I get more money if I run out before my next disbursement?

There is an emergency loan available to students who can apply for up to $1,000. A $30 loan fee is charged. The repayment is expected within 90 days. An application form is available in the Financial Aid Office that must be completed and submitted to Financial Aid by Tuesday afternoon. Once the promissory note is signed, the funds are direct deposited to your bank account.

How can I receive more financial aid funds?

That depends on the individual student's situation; Contact Financial Aid to see if you are eligible for more funds. The allowable funds can be found on our website. Review the budget adjustment policy

How do I defer my prior student loans?

Typically, loans are automatically deferred once your enrollment is reported. Enrollment reporting begins after the first day of classes. If your lender requires an additional deferment form, please contact the Registrar's office.

Scholarships

Does KCU offer any school-sponsored scholarships?

Yes, there are scholarships for incoming College of Osteopathic Medicine students from the Admissions Office. Second-, third- and fourth-year medical students are eligible to apply for scholarships from endowment funds. You will be notified when the application cycle for endowment scholarships begins. KCU scholarships, if awarded, are applied directly to your tuition account.