Financing Your EducationInstitutional
Aid
Presidential Scholarship
The President’s Merit Scholarship is awarded to incoming students on the basis
of their composite ACT/SAT score and cumulative high school GPA. If a student
does not have a high school transcript exceptions are made by the Admissions
Committee and consideration is given to students who have successfully
completed their GED. Students transferring to The King’s College are also
eligible for the Presidential Scholarship based on their composite SAT/ACT
score as well as their cumulative, college GPA. Students are required to
remain in academic “Good Standing” in order to maintain their President’s
Merit Scholarship. A student is in “Good Standing” when a cumulative GPA meets
the standard on the following scale:
Freshman: 1.8 or higher
Sophomore: 1.9 or higher
Junior: 2.0 or higher
Senior: 2.0 or higher
Visit Scholarship
We understand that visiting colleges can be costly, and visiting a college in
New York City is no exception. We also know the value of actually seeing the
college you’re considering—meeting students and faculty, touring the campus
and student apartments, and exploring your potential new neighborhood. For
students who visit during their Senior year of high school and enroll at
King’s the following fall we will award a one-time $1,000 Scholarship to help
defer the costs of the visit. This scholarship also applies to transfer
students who visit at an Inviso open house during the academic year leading up
to their enrolling at King’s.
Leadership Scholarship
The purpose of the Leadership Scholarship is to identify emerging young leaders
and encourage them to attend The King’s College, New York City. The King’s
College exists to educate students who will shape and eventually lead the
great institutions of the world through careers in government, business, law,
media, education, civil society, the arts and the church. Every student at
King’s is presented with the challenge to do something great with their lives,
and the Leadership Scholarship helps identify those likely to accept that
challenge.
The award is granted on a one-time, individual basis and must be applied to
freshman year costs. Minimum awards begin at $500. Recipients of the
Leadership
Scholarship are
also eligible for academic awards and any applicable financial aid. An
on-campus interview may be required for some scholarship candidates. These
awards are made possible by the generous gifts of alumni and friends from
around the world who wish to see the
mission of the College advanced.
Founders’ Scholarship
The King’s College is awarding four scholarships amounting up to the full
cost of tuition to students who embody the combination of leadership and
academic skills that the College highly values. The Founders’ Scholarship is
awarded through a competitive process that includes essay and presentation
components. To be considered for the scholarship, students must submit a
four- to five-page essay on a specific prompt, visit the campus and give a
five- to seven-minute speech, and participate in a leadership exercise
during the on-campus visit.
For details and guidelines on how to participate, open the
Founders’
Scholarship Guidelines document. Feel free to direct any specific questions
to your admissions representative, or to
Bryan Nance, Assistant VP of Admissions.
Federal Aid (More information available at
www.studentaid.ed.gov)
PELL Grant
A Federal Pell Grant, unlike a loan, does not have to be repaid. Pell
Grants are considered a foundation of federal financial aid, to which aid from
other federal and nonfederal sources might be added.
The maximum Pell Grant award for the 2012-13 award year (July 1, 2012 to
June 30, 2013) is $5,550. The maximum can change each award year and depends
on program funding. The amount you get, though, will depend not only on your
financial need, but also on your costs to attend school, your status as a
full-time or part-time student, and your plans to attend school for a full
academic year or less.
Federal Supplemental Educational Opportunity Grant
The Federal Supplemental Educational Opportunity Grant (FSEOG) program is
for undergraduates with exceptional financial need. Pell Grant recipients with
the lowest expected family contributions (EFCs) will be considered first for a
FSEOG. Just like Pell Grants, the FSEOG does not have to be repaid.
Direct Loan Program
Direct Subsidized Stafford: A subsidized loan is awarded on the basis of financial
need. The borrower is not responsible for the interest while in an
in-school, grace, or deferment status. Depending on your financial need, you
may borrow subsidized money for an amount up to the annual loan borrowing
limit for your level of study (see
www.studentloans.gov).
Direct Unsubsidized Stafford: You might be able to borrow loan funds beyond your
subsidized loan amount even if you don't have demonstrated financial need.
In that case, you'd receive an unsubsidized loan. Your school will subtract
the total amount of your other financial aid from your cost of attendance to
determine whether you're eligible for an unsubsidized loan. Unlike a
subsidized loan, you are responsible for the interest from the time the
unsubsidized loan is disbursed until it's paid in full.
Loan limits for dependent students
| College Level |
Credits |
Loan limit |
| Freshman: |
0-29 |
$5,500 total with no more than $3,500 subsidized
|
| Sophomore: |
30-59 |
$6,500 total with no more than $4,500 subsidized
|
| Junior: |
60-89 |
$7,500 total with no more than $5,500 subsidized
|
| Senior: |
90+ |
$7,500 total with no more than $5,500 subsidized
|
Loan limits for independent students
| College Level |
Credits |
Loan limit |
| Freshman: |
0-29 |
$9,500 total with no more than $3,500 subsidized
|
| Sophomore: |
30-59 |
$10,500 total with no more than $4,500 subsidized
|
| Junior: |
60-89 |
$12,500 total with no more than $5,500 subsidized
|
| Senior: |
90+ |
$12,500 total with no more than $5,500 subsidized
|
Direct Parent PLUS: Parents can borrow a PLUS Loan to help pay your education
expenses if you are a dependent undergraduate student enrolled at least half
time in an eligible program at an eligible school. They also must have an
acceptable credit history. The yearly limit on a PLUS Loan is equal to your
cost of attendance minus any other financial aid you receive. (See
www.studentloans.gov for more
information).
Payment Plans
The King’s College has an affiliation with Tuition Management Systems (TMS),
which provides our students and families with a no-interest, monthly payment
plan. You pay only a small enrollment fee to participate in the program. Visit
www.afford.com/kings for more
information.
Alternative Student Loans
Alternative loans are available when grants, scholarships and federal
student loans do not cover your cost of education. The King’s College works
closely with the two lenders below, but is glad to work with any loan program
you wish to utilize.
New York State
Tuition Assistance Program (TAP)
TAP helps eligible New York residents pay tuition at approved schools in New
York State. Depending on the academic year in which you begin study, an annual
TAP award can be up to $5,000. Because TAP is a grant, it does not have to be
paid back. For more information and eligibility requirements, visit the TAP
website at www.hesc.com.
Outside scholarships
Outside scholarships area often available through local businesses, banks and
service organizations. Additionally, your parents’ employer may have a
scholarship program available to you. If you want to search online a good place
to start is www.fastweb.com.
Army ROTC
The King’s College has a partnership with Fordham University Army ROTC as part
of the New York City Army ROTC program. For details about ROTC scholarships,
click here.
