At Thomas More University, we believe that everyone deserves access to a quality education, regardless of their financial background. That’s why we offer a wide range of financial aid programs to help make college affordable for our students.
Types of Financial Aid
Scholarships
Scholarships are free money that you don’t have to repay. Thomas More offers a variety of scholarships, including:
- Merit-based scholarships: Awarded based on academic achievement, leadership, or other criteria.
- Need-based scholarships: Awarded based on financial need.
- Athletic scholarships: Awarded to student-athletes who meet certain athletic and academic requirements.
Grants
Grants are also free money that you don’t have to repay. They are typically awarded based on financial need. Thomas More offers several grants, including:
- Federal Pell Grant: Awarded to undergraduate students with exceptional financial need.
- Federal Supplemental Educational Opportunity Grant (FSEOG): Awarded to undergraduate students with the greatest financial need.
- Kentucky Tuition Grant (KTG): Awarded to Kentucky residents who attend a Kentucky college or university.
Student Loans
Student loans are borrowed money that you do have to repay. However, they can be a great way to finance your education. Thomas More offers a variety of student loans, including:
- Federal Direct Subsidized Loans: These loans are available to undergraduate students with financial need. The government pays the interest on these loans while you are in school and during the grace period after you graduate.
- Federal Direct Unsubsidized Loans: These loans are available to all undergraduate and graduate students. You are responsible for paying the interest on these loans, even while you are in school.
- Federal Direct PLUS Loans: These loans are available to graduate students and parents of undergraduate students. They have higher interest rates than other federal student loans.
How to Apply for Financial Aid
To apply for financial aid, you must complete the Free Application for Federal Student Aid (FAFSA). You can submit the FAFSA online at www.fafsa.gov.
Once you have submitted the FAFSA, Thomas More will use the information you provided to determine your financial need. We will then send you a financial aid award letter that will detail the types and amounts of financial aid you are eligible for.
Tips for Applying for Financial Aid
- Apply early. The FAFSA opens on October 1st each year. We recommend that you apply as early as possible to maximize your chances of receiving aid.
- Be accurate. Make sure that you complete the FAFSA accurately and completely. Any errors could delay your processing or result in your being denied aid.
- Submit all required documents. In addition to the FAFSA, you may be asked to submit other documents, such as your tax returns or a verification of income. Make sure that you submit all required documents promptly.
Contact Us
If you have any questions about financial aid, please contact our Financial Aid Office at 859-344-3333 or [email protected].
Tables
Table 1: Types of Financial Aid
| Type of Aid | Eligibility | Amount |
|---|---|---|
| Scholarship | Merit-based or need-based | Varies |
| Grant | Financial need | Varies |
| Student Loan | Creditworthy | Varies |
Table 2: Federal Student Loan Interest Rates
| Loan Type | Interest Rate |
|---|---|
| Federal Direct Subsidized Loan (undergraduate) | 4.99% |
| Federal Direct Unsubsidized Loan (undergraduate) | 6.54% |
| Federal Direct PLUS Loan (graduate/parent) | 7.54% |
Table 3: FAFSA Deadlines
| Year | Deadline |
|---|---|
| 2023-2024 | June 30, 2024 |
| 2024-2025 | June 30, 2025 |
| 2025-2026 | June 30, 2026 |
Table 4: Thomas More University Contact Information
| Department | Phone Number | |
|---|---|---|
| Financial Aid Office | 859-344-3333 | [email protected] |
| Admissions Office | 859-344-3300 | [email protected] |