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In general, you’re eligible as long as you:                               
  • are a U.S. citizen or eligible noncitizen
  • are registered with the Selective Service, if required by law
  • are working toward a degree, diploma, or certificate
  • are making satisfactory academic progress (SAP)
  • do not owe a refund on a federal grant or are not in default on a federal educational loan
  • demonstrate financial need, if required
  • have not been convicted of drug distribution or possession
The federal government and ACT provide electronic forms that estimate how much you might receive. No amount is certain until you apply, but these forms will give you a good, general idea.
If you answer NO to all of the questions below, you are considered dependent. If you answer YES to any of these questions, you are considered independent:   
  • Are you at least 24 years old?
  • Do you have a bachelor's degree?
  • Are you married? (Answer yes if you are separated, but not divorced.)
  • Are you an orphan or ward of the court or were you a ward of the court until age 18?
  • Are you a veteran of the U.S. armed forces?
  • Do you have dependents other than a spouse who receive more than half of their support from you and will continue to do so through next summer?
If you declare yourself independent, you’ll need to gather the information below. If you are married, you’ll need to gather this information for both you and your spouse. If you declare yourself a dependent student, you’ll need the following for both you and your parents: 
  • Driver’s license and Social Security card (students only)
  • W-2 Forms and other records on money earned 
  • 2014 U.S. income tax return (IRS Form 1040, 1040A, or 1040EZ)**
  • Records of untaxed income, such as welfare, Social Security, TANF or ADC, or veterans benefits
  • Current bank statement
  • Current mortgage information
  • Business and farm records
  • Records of stocks, bonds, and other investments
  • Copies of records showing child support received or paid 
  • Copies of records showing any income or benefits not mentioned above or reflected in income taxes
  • A copy of your high school transcript or GED (or statement of proof) may be required by the admissions or financial aid office before financial aid is awarded
**The IRS Data Retrieval Tool on the FAFSA may be used to retrieve information from 2015 tax returns filed by either the student or the parent.
If you apply online, your application will be processed in 10-14 days. You will receive a Student Aid Report via the email account you provided on your financial aid application stating if you are eligible to receive financial aid for the year. 

If you apply by mail, it will take about four weeks. Unless any problems arise, you will get a Student Aid Report in the mail stating if you are eligible to receive financial aid for the year.
  • Payment plans may be arranged online at MyMoreheadState or by contacting billing at 606-783-2019. 
  • Parent Plus Loan Application - This loan would be in your parent’s name, and is subject to a credit check. If for any reason your parents are denied this loan we can offer you additional unsubsidized loans as part of the dual parent plus loan application (student completes bottom section of form).
  • Alternative Loan - This loan would be in the student’s name and is subject to a credit check. This loan may require the student to have a co-signer.
  • Funding Your Education 

When a student registers for classes they create a financial responsibility to Morehead State University. The total semester charges (tuition, housing, meal plans, books and fees) minus financial aid, scholarships, waivers, and third party payments for each semester result in the amount due to the University. 

All students MUST accept a Financial Responsibility Agreement each semester and pay their balance in full or enroll in a payment plan to activate their meal plan and BeakerBUCKs, to allow textbook charges at the University Store, and to prevent cancellation of their class schedule.

To accept your Financial Responsibility Agreement:

  1. Log in to MyMoreheadState.
  2. Under the Self-Service (WebAdvisor) - Student menu, select "Student Financial Info," then select "Financial Responsibility Agreement."
  3. Select the appropriate term, then click SUBMIT.
  4. Read the agreement, then select "Accept" and click SUBMIT.
The CAP Grant is a need-based state funded grant that has a priority deadline of March 15 for the state of Kentucky. You may apply for Federal and State funds by completing the FAFSA online.
Generally, students must be enrolled at least half time (6 credit hours for undergraduate and graduate students) in required coursework to receive most types of aid including Stafford Loans. However, a student may receive a Pell Grant for less than half-time enrollment.
Verification is the federal government's way of making sure students are correctly reporting their information on the FAFSA. 

MSU has a partnership with KHEAA (Kentucky Higher Education Assistance Authority) to complete all verification services on behalf of MSU.

KHEAA Verify will contact all students who are selected for Verification with instructions on how to complete the process. All verification documents should be completed and submitted to KHEAA, not MSU. Please monitor your MSU email for further instructions from KHEAA Verify.
The amount of aid you are eligible to receive is determined by the information reported by your family on the FAFSA. The US Department of Education uses a formula to determine each student's estimated family contribution (EFC). The EFC is the amount of money the government has determined that a family can contribute to the student's educational costs. The EFC determines grant and loan eligibility.
In certain situations, an eligible student can receive up to 150 percent of his or her scheduled Pell Grant award for an award year.

For example, if you are eligible for a $2,000 Pell Grant for the award year, and are enrolled full-time for both the fall and spring semesters, you’ll likely receive $1,000 in the fall and $1,000 in the spring. However, under certain circumstances, you may be eligible to receive an additional $1,000 in the summer semester (resulting in your receiving 150% of your original award). You might hear this situation being referred to as “year-round Pell.”

Additionally, you may have remaining loan eligibility for the summer term, if you are enrolled in 6 credit hours or more.
For the need-based Subsidized Stafford Loan, the federal government pays the interest while you are enrolled at least half-time (six semester hours). However, for the non-need based Unsubsidized Stafford Loan, interest does accrue while the student is enrolled and must be paid by the student upon graduation or ceasing enrollment of half time status. Both types of Stafford loans have an interest rate that is capped at 8.25%. Repayment begins six months after you graduate or you cease to be enrolled at least half-time (six semester hours). For more information about direct loan interest rates please visit the Student Aid website.
Students should log onto their MyMoreheadState account and click "Student Self-Service" and then select "Financial Aid." Once there you may review "My Awards" and "decline" or "accept" your loans.

Students may choose to email stating that they would like to decline their loan(s) for the academic year (please state what academic year) or complete the "Student Request to Adjust FA" Form found on our Financial Aid Forms page.

Or students may choose to print off their financial aid award letter, mark through the loan, write DECLINE beside unwanted loan(s), sign, date and return the award letter to the Office of Financial Aid.
The KY KEES award is usually received in late September by the school you are enrolled at for the fall and mid-February for the spring term. Until disbursement, this scholarship is considered anticipated aid towards your bill. Visit KHEAA's KEES FAQ webpage for more information. You do not have to contact KHEAA to receive the funds.
Pell, CAP, FSEOG and KEES funds do transfer, however loans do not. You must confirm that MSU’s school code (001976) is on your FAFSA so that we can determine your financial aid eligibility. You will not have to fill out a second FAFSA. Once you have completed your application with the Office of Admissions, we will review your FAFSA. If any additional information is needed we will notify you as soon as possible via your MSU student email account.
Students may complete the FAFSA beginning on Oct. 1 and use their prior, prior year tax information. For example, if you will be attending fall 2020, you must complete the 20/21 FAFSA as close to Oct. 1, 2019 as possible. Some financial aid awards have limited funding and are exhausted quickly.
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  • Admissions
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  • Financial Aid
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  • Accounting & Financial Services (Student Billing)
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  • Registrar
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Major In You.