Federal Loans
Perkins Student Loans
Total: $500 – $4,000 per year
Interest accrual and repayment begin 9 months after leaving KWU. Cancellation available on Perkins Loan for those who teach handicapped or teach in low-income schools; also for law enforcement professions, and in other limited circumstances. Based on financial need. 5% interest rate.
Direct Stafford Loans
Total: Varies. Maximum of $3,500 – Freshmen; $4,500 – Sophomores; $5,500 – Juniors/Seniors.
Fixed interest rate of 6.8%; interest accrual begins when no longer enrolled at least half time and repayment begins 6 months after leaving KWU. Origination fee of 1%. Based on financial need. Available for half and full-time students. First time borrowers must complete an entrance interview online at https://studentloans.gov/myDirectLoan/index.action The master promissory note should be completed on that site as well.
Direct Unsubsidized Stafford Loans
Total: Varies.
Similar to Direct Stafford Loans, except not need-based and fixed interest rate of 6.8%; interest accrual begins immediately and may be paid periodically or capitalized. Combined eligibility limits for the Stafford and Unsubsidized loans for independent students are: freshmen – $9,500, sophomores – $10,500, juniors and seniors – $12,500; dependent students are: freshmen – $5,500, sophomores – $6,500, juniors and seniors – $7,500. First time borrowers must complete an entrance interview online at https://studentloans.gov/myDirectLoan/index.action The master promissory note should be completed on that site as well.
Direct PLUS Loans (Parent Loans)
Total: Varies. Cost of attendance at KWU less other assistance.
Repayment begins within 60 days of issuance; fixed interest rate of 7.9%. Origination fee of 4%. Credit-based loan available to a parent of a dependent student at www.studentloans.gov by completing the “PLUS Request Process” and “Sign Master Promissory Note”. Parent will receive immediate credit decision. Student must be at least half-time.
Campus Notes and Events
About Kansas Wesleyan University
KWU has been an influential part of higher education in North Central Kansas for more than a century. Founded in 1886 by the United Methodist Church, KWU welcomes students of all faiths.
KWU's primary goal is providing students with an excellent education in a caring Christian campus community. The university is uncompromising in its dedication to providing an atmosphere where students can mature and learn while taking responsibility for their own actions and lives.
The campus environment helps students prepare for the challenges in their personal and professional lives by living and studying with people from many backgrounds, by learning to relate responsibly to God and to others by achieving goals in a timely manner.