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This is a big step towards fulfilling your career dreams and now you need to decide how you are going to pay for your college education. Check out the information below to see what financial aid options (grants and loans) are available to make paying for school affordable.


Grants are different from loans in that grants do not have to be repaid, making them a desirable option when paying for school. Grants are awarded by federal and state governments.

Beckfield College participates in several State and Federal Grant programs, including the Federal Pell Grant Program, the Kentucky College Access Program Grant.

See our course catalog for more information on eligibility and requirements.

Applying for Loans

Loans let you pay your education expenses over a long period of time at a low (and often tax deductible) interest rate. Some loans are need based, while other loans are available to nearly everyone.

Federal Direct Loans

Federal Direct Subsidized Loan: Available to students who demonstrate financial need as determined by the FAFSA. Eligible students can borrow a Direct Subsidized Loan to cover some or all of their need. For a subsidized loan, the U.S. Department of Education pays the interest while the student is in school at least halftime. The amount of the variable, low-interest rate loan cannot exceed financial need.

The Office of Student Financial Services will determine eligibility for and assist students in completing the required paperwork for student loans. Maximum and annual loan limits apply.

Direct Unsubsidized Loan: Students are not required to demonstrate financial need to qualify for an Unsubsidized Stafford Loan. Independent students may be able to borrow loan funds beyond the subsidized loan limit. The U.S. Department of Education does not pay interest on unsubsidized loans. The student is responsible for interest that accrues on the loan from the time the loan is disbursed until it is paid in full. Maximum loan limits apply.

Federal Direct Parent Loans for Undergraduate Students (PLUS)

The Direct PLUS Program allows parents of eligible dependent undergraduates to borrow money to help pay the cost of education of students. Credit-worthy parents may borrow an amount not to exceed the student’s estimated cost of attendance minus any other financial aid the student has been or will be awarded during the enrollment period. PLUS loans may be used in conjunction with other loan programs. Eligibility is not based on financial need. PLUS loans have a variable interest rate that is capped at nine percent. Repayment of principal and interest begins no later than sixty days after the loan is fully disbursed.

Private Loans: Several varieties of alternative private loans are available. Because the terms and conditions of these loans vary, students should inquire about such loans in the Office of Student Financial Services.


Net Price Calculator

To get an early approximation of your potential costs to attend Beckfield College click here. All financial results are only an approximation based on the information you will supply and cannot be considered an actual award.

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