State grant monies are running out quicker every year.  January is the month to apply for grants. With state and federal grants, many students who complete a FAFSA early attend MCU at little or no cost. The Kentucky Tuition Grant (KTG) provides need-based grants to qualified Kentucky residents to attend regionally accredited private colleges. This grant (up to $3,000/yr) is available for most MCU students, even those with high incomes. In addition to KTG, the CAP state grant (up to $1,900/yr) and Pell federal grant (up to $5,550/yr) are available to those who qualify but have lower income guidelines. State grant funding is based on a first-come, first-serve basis… typically gone by February. It is important to fill out a FAFSA (Free Application for Federal Student Aid) at http://www.fafsa.ed.gov/ immediately or we can assist you at any of our info sessions at no cost to you. This does not commit you to going to college; it is just a way for you to determine how many grants you could qualify for.

Federal Grants

A federal grant is a form of financial assistance paid out by the federal government that does not need to be repaid.  These grants are awarded based upon need, calculated by the recipient's FAFSA.  Many students are eligible for various kinds of federal grants.  Master's degree students are not eligible for federal grants.

State Grants

A state grant is a form of financial assistance paid out by the state of Kentucky that does not need to be repaid.  These grants are awarded based upon need, calculated by the recipient's FAFSA.  The state of Kentucky offers several kinds of grants.  These grants are only available to Kentucky residents.  Master's degree students are not eligible for state grants.

Loans

A loan is a form of financial assistance that must be repaid.  Typically, repayment can be deferred until six months after education ceases.  There are several loan options available to students.

Military/veterans benefits

Military/veterans benefits is assistance available to those who are serving or have served in the United States military, their spouses or dependents, or other family members.  MCU offers several options for military/veterans assistance.

Tuition Reimbursement/ Employer Assistance

Tuition Reimbursement/ Employer Assistance is a form of financial assistance offered by companies for their employees.  Benefits vary based upon employer.