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King University News :: Don’t Miss Out on Financial Aid Opportunities

BRISTOL, Tenn., March 26, 2014– Paying for a college education is a daunting thought for many students, especially when first entering the college arena. Available monies are often overlooked.

“It is a huge problem,” says King University Financial Aid Director Richard Brand. “Students often think the Free Application for Federal Student Aid (FAFSA) is too complicated or that they simply may not qualify. The FAFSA is often mistaken for as a means to obtain only a Pell Grant. Students often do not realize it is also a form for obtaining institutional need-based aid at many private colleges or universities that offer need-based grants. Approximately 90% of post-secondary schools will utilize the FAFSA for packaging financial aid for students. King University utilizes the FAFSA’s federal methodology to determine the expected family contribution.”

When the decision to attend a post-secondary institution is made, students may initially look to community colleges as a means for continuing their education, not realizing that many colleges and universities are an affordable option. Brand noted one of the most important things a student can do when thinking about their college education is to fill out the FAFSA.

“When Tennessee rolled out the Hope Scholarship, it immediately had a huge effect on the number of students not only receiving scholarship funds but other aid also. Students who had not filed the FAFSA in years past were now filing the federal form as it is part of the Hope Scholarship application process,” says Brand. “Students were surprised to learn they not only received the Hope Scholarship but many also received Pell Grants and other institutional grants. Just by filling out the FAFSA, students received monies for which they did not know they were eligible.”

In December 2013, the U.S. News World Report’s U.S. News Short List ranked King University among the ten colleges across the nation with low average debt load. In addition, the U.S. News also ranked King as having the lightest student debt load among Southern universities in their 2014 edition of America’s Best Colleges, released in Sept. 2013.

“King is very pleased to be included in the recent U.S. News Short List report on low average debt load,” states Dr. Matt Roberts, chief academic officer and dean of academic affairs for King University. “This acknowledgement demonstrates King's commitment to affordable higher education. As colleges and universities are being held more responsible for student debt load, King University is proven to be a leader in the South. King’s fee structure, which included frozen tuition costs for the 2013-14 year, allows students an affordable option to maximize financial aid and decrease post-graduation debt.”

King’s class of 2012 average debt load of $10,892 ranked the University among other top ranking colleges and universities across the nation. Other institutions ranked on the US News Short List report included the above mentioned Princeton University, Alice Lloyd College, Berea College, Keystone College, College of the Ozarks, Gallaudet University, CUNY Brooklyn College, University of Colorado - Colorado Springs, and Louisiana State University – Alexandria. The average debt load among all ten schools listed for 2012 was $8,941.

“King University continues to seek out ways to make an education at King affordable to all who wish to attend. Since 2010, King has lowered its average graduation debt by 80 percent, down from $13,484 to $10,892,” says John King, vice president for Development and Enrollment Management at King University. “King’s Office of Enrollment Management collaborates closely with King’s Financial Aid Representatives to ensure what debt students do incur is markedly less than they might acquire at other institutions. Regardless of price tag, the overall goal is helping ensure students can afford to come to King to receive the high-caliber educational experience for which King is well-known.”

For students who choose to attend a community college initially, King University has articulation and reverse transfer agreements in place with its community college partners to ensure a student can seamlessly transition to one of King’s baccalaureate degree programs. A recent report from the Tennessee Higher Education Commission indicates that King University is the largest recipient of transfer students among Tennessee Independent Colleges and Universities Association (TICUA) institutions. King is also recognized for having the largest population of transfer students from public institutions in Tennessee.

“We anticipate the number of transfer students will only continue to rise,” says King. “King is very proud to have the most transfer students among private institutions in Tennessee. We greatly value our relationships with the Tennessee Board of Regents Community College System, and we look forward to continuing our partnerships with them as we move forward.”

Brand commented that the key to an affordable college education is planning ahead. “This is probably one of the most important things in your son or daughter’s life. A college education will have a big impact on who they are and how much they make. It is worth spending the time to determine what financial aid opportunities are available. King University’s admissions and financial aid representatives are available to help families easily navigate the process in order to secure the most financial aid possible.”

For more information on financial aid opportunities, contact King’s Office of Financial Aid at 423.652.4725 or financialaid@king.edu or visit http://financialaid.king.edu.

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King University is a Presbyterian, doctoral-level comprehensive university. Founded in 1867 as King College, the University offers more than 90 majors, minors, pre-professional degrees and concentrations in fields such as business, nursing, law, medical and health sciences, pharmacy, education, and humanities. Graduate programs are offered in business administration, education, and nursing. A number of research, off-campus learning opportunities, and travel destinations are also available. King University is a NCAA Division II and a Conference Carolinas member with 25 varsity sports. For more information about King University, visit www.king.edu. King University does not discriminate against academically qualified students of any race, color, national or ethnic origin, sex, age, or disability. King University is certified by SCHEV to operate locations in Virginia. For more information, contact the King University office at Southwest Virginia Community College, 309 College Road, Richlands, VA 24641.