King's College seeks to ensure that no student accepted for admission is unable to matriculate for financial reasons. Although payment is the responsibility of the student, the College makes every effort consistent with financial resources available to assist students with adequate support.
Applicants for financial aid are required to complete the Free Application for Federal Student Aid (FAFSA). This form can be completed on-line at www.fafsa.ed.gov. King’s College School Code is 003282.
Federal Direct Stafford Loans are available to graduate students who are fully accepted into a graduate degree program or graduate certificate program and who enroll in at least six credits per semester or session. Graduate students can borrow $20.500 unsubsidized Direct Stafford Loans every two semesters. Using the Federal Graduate Plus Direct Loan, graduate students are also eligible to borrow up to the cost of attendance, after Stafford Loans are deducted.
The interest rate is fixed at 6.8% for the unsubsidized Federal Direct Stafford Loan. The interest rate is fixed at 7.9% for a Federal Direct Plus Loan for Graduate Students. These interest rates became effective July 1, 2011.
Private Alternative Loans are available for review and application at www.elmselect.com.
Please contact the Financial Aid Office for additional information on Federal Direct Stafford Loans, Federal Direct Plus Loans for Graduate Students, or Private Alternative Loans.