Monday, October 13, 2008
Eastern Kentucky Students Benfit From Financial Aid.
FRANKFORT –Senator Johnny Ray Turner, D-Drift, today announced that 29th District students received $4,732,532 in fiscal year 2008 from the state’s major grant and scholarship programs administered by the Kentucky Higher Education Assistance Authority and The Student Loan People, the state’s only public nonprofit student aid providers.
Awards for these programs are funded by Kentucky Lottery revenue. KHEAA and the Student Loan People were created by the state legislature to make higher education more accessible to Kentuckians.
“Rising college costs have made student financial aid programs more important than ever to help Kentuckians achieve their education and career goals,” said Senator Turner, a retired educator. “I am proud that these funds are helping our students realize their dreams by achieving successful educations.”
During 2008, KHEAA disbursed $2,034,586 in Kentucky Education Excellence Scholarships (KEES) to 29th District Students to help pay college costs. Through the KEES program, high school students can earn up to $2,500 for each year of higher education based on good grades and ACT (or SAT) scores. Beginning this academic year students who are eligible for free or reduced-price lunches during any year of high school may qualify for a bonus award based on Advanced Placement or International Baccalaureate exam scores. No application is necessary; awards are sent directly to the college when the student begins attending.
For students with financial need, KHEAA disbursed $1,883,333 in College Access Program (CAP) Grants and $805,613 in Kentucky Tuition Grants (KTG) to 29th District students. CAP is based on financial need and provides awards to Kentucky students whose families demonstrate that the amount they should be able to contribute is not enough to cover the cost of college. KTG equalizes tuition of Kentucky’s private colleges and offers students with financial need a choice of attending a broad range of independent Kentucky schools.
In addition to awards funded by Kentucky Lottery revenue, KHEAA disbursed 37 awards totaling $172,989 from other grant and scholarship programs funded by other state and federal sources.
To help meet college costs not met by other student aid programs, The Student Loan People disbursed $5,580,141 in low-cost student loans to 29th District students and parents, including $3,127,147 in Subsidized Stafford Loans (for students with financial need), $2,282,599 in Unsubsidized Stafford Loans, $159,646 in PLUS Loans for parents of undergraduate students, and $10,749 in PLUS Loans for graduate and professional students.
Awards for these programs are funded by Kentucky Lottery revenue. KHEAA and the Student Loan People were created by the state legislature to make higher education more accessible to Kentuckians.
“Rising college costs have made student financial aid programs more important than ever to help Kentuckians achieve their education and career goals,” said Senator Turner, a retired educator. “I am proud that these funds are helping our students realize their dreams by achieving successful educations.”
During 2008, KHEAA disbursed $2,034,586 in Kentucky Education Excellence Scholarships (KEES) to 29th District Students to help pay college costs. Through the KEES program, high school students can earn up to $2,500 for each year of higher education based on good grades and ACT (or SAT) scores. Beginning this academic year students who are eligible for free or reduced-price lunches during any year of high school may qualify for a bonus award based on Advanced Placement or International Baccalaureate exam scores. No application is necessary; awards are sent directly to the college when the student begins attending.
For students with financial need, KHEAA disbursed $1,883,333 in College Access Program (CAP) Grants and $805,613 in Kentucky Tuition Grants (KTG) to 29th District students. CAP is based on financial need and provides awards to Kentucky students whose families demonstrate that the amount they should be able to contribute is not enough to cover the cost of college. KTG equalizes tuition of Kentucky’s private colleges and offers students with financial need a choice of attending a broad range of independent Kentucky schools.
In addition to awards funded by Kentucky Lottery revenue, KHEAA disbursed 37 awards totaling $172,989 from other grant and scholarship programs funded by other state and federal sources.
To help meet college costs not met by other student aid programs, The Student Loan People disbursed $5,580,141 in low-cost student loans to 29th District students and parents, including $3,127,147 in Subsidized Stafford Loans (for students with financial need), $2,282,599 in Unsubsidized Stafford Loans, $159,646 in PLUS Loans for parents of undergraduate students, and $10,749 in PLUS Loans for graduate and professional students.
# posted by Joe Kinzer @ 3:53 PM 
