Financial Aid

Loan Requirements


What is the Annual Student Loan Acknowledgement?
Complete an Annual Student Loan Acknowledgement each year you accept a new federal student loan.  You are acknowledging that you understand your responsibility to repay your loan as a first time borrower.  Then as an existing borrower, you are acknowledging that you understand how much you owe and how much more you can borrow.

What is Entrance Counseling?
Entrance Counseling is required before you can receive your first Direct Loan as either an undergraduate or a graduate/professional student.  The U.S. Department of Education wants to ensure that you understand the responsibilities and obligations you are assuming as a borrower.  The counseling session will take 20-30 minutes to complete and must be done in a single session.

What is a Master Promissory Note (MPN)
The Master Promissory Note (MPN) is a legal document in which you promise to repay your loan(s) and any accrued interest and fees to the U.S. Department of Education.  It also explains the terms and conditions of your loan(s).  You may receive more than one loan under an MPN over a period of up to 10 years to pay for you or your child’s educational costs, as long as the school is authorized to use the MPN in this way and chooses to do so.  The school will tell you which loans, if any, you are eligible to receive.

An FSA ID (Federal Student Aid ID) is required to complete the loan requirements. This may be obtained from the U.S. Department of Education via the website, A student will need the FSA ID to complete a Direct Loan, Acknowledgement, Entrance Counseling and MPN. A parent will need this for a PLUS loan. (This is the same FSA ID used to sign the online FAFSA.)

Completing the Direct Loan Requirements
If you have been awarded a Direct Loan, you MUST complete a Master Promissory Note (MPN), Entrance Counseling, and an Annual Student Loan Acknowledgement at before your funds will be released to the school. You will be required to use your Student FSA ID to complete and e-sign these online documents, which may be accessed by clicking on the links below:

Master Promissory Note (MPN)

Entrance Counseling

Annual Student Loan Acknowledgement

Parent PLUS Loan Options

If the parent wants to apply for a Parent PLUS Loan, they MUST complete ALL four steps of the PLUS Loan Request Process listed below before the funds will be released to the school. The parent will be required to use their own FSA ID to complete and e-sign the online documents, which may be accessed by clicking on the links below:

  1. Complete the PLUS Loan Application here
  2. Complete the PLUS MPN (Loan Agreement for PLUS Loan) here
  3. Complete the Annual Loan Acknowledgement here
  4. Complete the appropriate PLUS Loan Request Form (refer to FORMS below) and send it to the KCU Financial Aid Office via email to, via fax to 606-474-3268, or via U.S. mail to KCU Financial Aid Office, 100 Academic Parkway, Grayson, KY 41143-2205.

If the PLUS Loan application is denied, the parent will have the option to appeal the credit decision or use a cosigner. If the parent does not intend to pursue either option, an additional amount may be added to the student’s existing unsubsidized loan eligibility by emailing


Christ-Centered Vision

“The Christ-centered vision of KCU both connected me with people whose influence has shaped me to thisday and gave me a foundation in ministry-effectiveness for which I am extremely thankful.”

Kyle Davies, Class of 2013 & 2015

Blog & News See more posts >

    No Events

See more events >