Financial Aid

At Campbellsville University, we recognize that higher education is a significant investment, but one that offers great value. That’s why we are dedicated to providing our students with the best financial support possible. Our commitment extends beyond simply presenting financial options; we are fully invested in the success of every student who enters our doors.

No matter your circumstances, we are here to help make a college education accessible and affordable for you.

 

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Campbellsville University is dedicated to helping students and families navigate recent updates to financial aid. Our team of enrollment and financial aid counselors is here to provide personalized support, answer questions, and ensure you have the resources needed to make informed decisions about your education so schedule a Financial Aid appointment with us. 

 

Federal Funds Freeze & Federal Student Aid: 

A: The Office of Management and Budget (OMB) recently announced a freeze on certain federal funds, which means that access to these funds is temporarily restricted until further notice.

A: No. The OMB has offered clarification that the freeze will not affect Federal Student Aid programs such as Pell Grants, SEOG, Federal Workstudy, and Federal Direct Loans.  These programs directly benefit Americans 

A: No action is required from students. Campbellsville University Office of Financial Aid will continue to share updates if needed. 

 

Financial Aid Resources:

 

 

 

Sources of Financial Aid: 

 

Sources of Financial Aid - Student Loans:

Glossary of Terms:

An academic year begins on July 1 and equals two semesters plus summer sessions

An offer of financial aid prepared by the Director of Financial Aid. The Award Letter lists the aid offered and contains the necessary certifications required by federal regulations. The student is required to sign and return the Award Letter to accept the awarded aid.

The calculated amount of money required for a student to attend Campbellsville University for an academic year. This amount is based on dependency status and place of residence (commuter or resident). This amount includes tuition, books & supplies, room, board, personal, and transportation expenses.

The company that has a contract with the U.S. Department of Education to process Federal Student Aid Forms.

Failure to repay a Loan when required. This can prevent a student from receiving financial aid in the future and have an adverse effect on his/her credit rating.

To postpone repayment of a Student Loan.

All students receiving Student Loans are required to go through an Entrance Interview. This requirement can be met by attending a meeting conducted by a Financial Aid Officer the day before classes begin or by completing the interview online.

An interview required for all students who will not be returning to Campbellsville University and have received a Student Loan. This requirement can be met by attending a meeting conducted by a Financial Aid Officer before the student leaves the University or by completing the interview on-line.

The form used to collect information in determining a student's need for financial aid. The student submits this form to the Central Processor to be analyzed. The reported information is confidential and sent only to the recipients you list. There is no cost for processing this form.

The amount which a student and their parents should be reasonably expected to provide toward meeting their college expenses. The formula for computing family contribution is established by federal regulations and the completed FAFSA.

Financial aid awarded to a student which does not have to be repaid such as grants and scholarships.

The report sent to the University from the Central Processor with the student's Estimated Family Contribution. This is received four to six weeks after the student files the FAFSA.

The state agency responsible for the administration of Kentucky Student Financial Aid Programs. Their address is: Hwy. 127 South, Frankfort, KY 40601. Phone: (502) 564-7990.

Academic requirements which students must meet in order to continue their eligibility for financial aid at Campbellsville University. These requirements are stated in the Campbellsville University Catalog-Bulletin.

In financial aid, Need refers to the difference between the Estimated Family Contribution and the student's Budget. (Budget - EFC = Need)

The process of objectively determining the extent to which an applicant for financial aid demonstrates need.

Beginning in 1993, there is no fee for processing financial aid applications.

A statement signed by the student stating that he/she will repay a Student Loan.

If a student receives financial aid and withdraws from classes before the end of a semester, he/she may owe a refund to one or more financial aid programs. Campbellsville University's withdraw/refund policy can be found in the Catalog-Bulletin.

A report sent to the student about five weeks after they submit their FAFSA. This report notifies the student of their Pell Grant eligibility and must be signed and sent to the Office of Financial Aid.

A portion of the college budget which the student is expected to obtain on his/her own, usually through earnings, savings, or loans.

Conditions that result from a significant change in a student or students family's financial situation.

School-provided jobs that enable a student to earn a portion of school costs. The student receives an hour's pay for an hour's work. Work-Study awards are based on the student's need.

The process through which information given by students on their FAFSA is proofed for accuracy. Students who are to be verified are chosen by edit checks established by the U.S. Department of Education. If a student is selected, his or her aid cannot be disbursed until verification is completed.