What is a Loan?

Student Loans

If you apply for financial aid, you may be offered loans as part of your school’s financial aid offer. A loan is money you borrow and must pay back with interest.

If you decide to take out a loan, make sure you understand who is offering the loan and the terms and conditions of the loan. Student loans can come from the federal government or from private sources such as a bank or financial institution. Loans offered by the federal government, called federal student loans, usually provide borrowers with lower interest rates and have more flexible repayment options than other loans.

Approximately 50% of KSU students borrow a student loan.

For the 2019 year, the default rates on student loans are:
1.8% for Kennesaw State University
2.3% Nationally

The Financial Aid Office, on a case-by-case basis, may reduce or deny eligibility for student loans. Federal Statute, HEA 479A(c), and 34 CFR 685.301(a)(8), allows the Financial Aid Office to exercise Professional Judgment to reduce or deny a student a loan. Outstanding loan debt, length of program of study, prior defaults and other items will be assessed and the student will be notified in writing if concerns are noted.

Financial Aid Dates and Deadlines