How to Request Financial Aid FAQs
Questions about the FAFSA
Where do I file the FAFSA and how often do I need to file it?
What is the College of Medicine code number for filing the FAFSA?
The code is E00588.
What is the College of Medicine's Federal School code number for the application for the Federal Direct Loan Program?
The code is 001989.
Do I need to include my parents' information on the FAFSA?
Parent information is required on the FAFSA for the first year of medical school but only if you wish to be reviewed for need-based scholarships. If a student does not wish to be considered for need-based scholarships, simply complete the FAFSA without the parent information.
If a student does not have access to that information or has sufficient reason to not include that information on the FAFSA, they can contact our office for details on appealing that requirement to the Scholarship Committee.
Students do not need to include parent information beyond the first year.
Questions about Entrance Counseling and MPN
Is online Entrance Counseling required when completing the Master Promissory Note (MPN)?
Entrance Counseling is required for any student who utilizes the Federal Direct Loan Program.
You can find the Entrance Counseling on studentaid.gov which should only take about 20 minutes to complete.
What information do I need to complete the MPN?
The MPN can be found on studentaid.gov. It must be completed in one session and should only take about 20 minutes.
When selecting the school to notify, please choose "University of Kentucky (Lexington)" as the option for "Medicine" is not working.
How often do I need to complete the Entrance Counseling and MPN?
Generally, you will need to complete the Entrance Counseling and MPN once (for your first application for the Direct Loan). The MPN can expire, though, which would require the completion of a new MPN. Our office will notify students if their MPN expires while attending medical school.
If I attended UK as an undergraduate or graduate student and have an outstanding Direct Student Loans, must I complete another MPN to continue the program as a first-year medical student?
No, another MPN should not be required unless the MPN has expired.
Questions about your myUK account
How will I receive the University of Kentucky tuition statement?
Tuition statements are emailed to students at the beginning of each semester (i.e. August 1st and January 1st).
You can also find this in your myUK account under the Financials tab.
How will the loan funds be disbursed if I select the Direct Loan Program?
The loan funds will be disbursed in two equal payments: the first disbursement in August and the second in January.
These payments will be posted to your myUK student account for payment of tuition and fees. Any funds in excess of tuition and fees are called residual funds. Residual funds will be sent to you by Student Account Services by check or direct deposit.
How to use Web Payment Services and set up Direct Deposit:
Go to your myUK account and login.
On the top navigation bar, go to Student Services. On the second-level navigation bar, go to Financials.
Under Financials, go to Web Payment Service. Under Web Payment Service, go to Direct Deposit Info.
Enter you bank information in the Direct Deposit Info.
What other types of aid will be directly posted to my myUK account?
Other loans (e.g., Shely, private loans), Veterans benefits, and institutional scholarships (internal and external) will be posted to your myUK account.
What options are available for paying tuition?
Students can pay tuition and fees by credit card (2.25% service fee), debit card (1.25% service fee), or by electronic check (no service fee) online at myUK (Financials --> Account Services --> Web Payment Service).
Students who fail to meet the initial fall and spring semester payment deadlines will be assessed a monthly penalty of 1.5 percent of the unpaid balance.
When will I receive a residual refund check from Student Account Services?
A residual refund check is generated when financial aid credit (actual funds directly posted to the student account) exceeds total charges. This usually occurs within a week to 10 days after the beginning of the semester. Residual checks are deposited directly into student-designated checking account.
How and when will I be notified about my financial aid award?
All new students who apply for financial aid receive a Financial Aid Award Notice on or around mid to late June. Recipients must accept or decline the aid offer at myUK and may also increase or reduce loan amounts.
Please note, these award notices do not include the Grad Plus Loan. Also note that only the Unsubsidized Loan can be reduced on your myUK account. To reduce or decline the Grad Plus Loan, you will need to contact our office.
Other common questions
How do I establish Kentucky Residency?
Residency is handled by the Office of Undergraduate Admission and University Registrar.
Are students allowed to work during medical school?
Students are not permitted to work during medical school without proper approval from Student Progress and Promotions Committee (SPPC).
If my expenses exceed the budgeted Cost of Attendance (COA), how can I receive more financial aid?
We understand that in certain situations the COA budget does not accurately reflect the costs actually incurred during the academic year and in such cases, you may appeal for a budget increase for documented expenses above those allocated in the COA.
To complete a budget appeal, please fill out this form.
How do I request Childcare Assistance?
To request childcare assistance, please complete the budget appeal form and be sure to include all relevant receipts.
May I purchase a computer and receive a federal loan for the cost?
Can I receive financial aid for my moving expenses for medical school?
No, moving expenses are not budgeted for in the Cost of Attendance (COA) and not eligible for financial aid budget appeals under the Department of Education guidelines.