Financial Aid

Education
4:44 pm
Wed January 8, 2014

Kentucky's Financial Aid Agency Requests What Its Owed

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More than 100,000 Kentucky college students eligible for state financial aid will not receive it this year, according to the agency responsible for overseeing the scholarships.

That's been the story over the past few years. Now, the Kentucky Higher Education Assistance Authority is trying to restore funding its owed to help a few thousand more students get money for college.

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Education
7:08 am
Fri May 31, 2013

Obama Presses Congress On Student Loan Rates

President Obama, with Education Secretary Arne Duncan at his side, calls on Congress on June 21, 2012, to stop interest rates on student loans from doubling. He is going to make that appeal again Friday.
Susan Walsh AP

Originally published on Fri May 31, 2013 11:25 am

President Obama surrounded himself with college students at the White House on Friday and warned that the cost of student loans is about to go up.

Interest rates on government-backed college loans are set to double July 1 — unless Congress agrees on a fix before then. Obama has threatened to veto a House-passed bill that would let the cost of student loans go up and down with the market.

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Education
9:30 am
Mon March 25, 2013

Kentucky College Student's Financial Aid Needs Rise, Funding Stays the Same

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Officials with the agency overseeing Kentucky’s college financial aid expect to figure out how many students will be receiving benefits in the next week.

The state doles out around $100 million in financial aid annually, but that money is on a first come first served basis.

Erin Klarer is with the Kentucky Higher Education Assistance Authority. She says more people are understanding the importance of higher education.

“But at the same time there’s a lot more demand and the dollars haven’t been increasing at the same rate," she says.

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