Financial Aid

Loan Requirements

Completing the Direct Loan Requirements

If you accepted a Direct Loan in your financial aid package, you MUST complete Entrance Counseling and a Master Promissory Note (MPN) before your funds will be released to the school. You may use the links below to reach the appropriate webpages. You will be required to use your Student FSA ID username and password to complete and e-sign these online documents. This is the same FSA ID username and password you used to sign the online FAFSA.

Entrance Counseling

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.

Master Promissory Note (MPN)

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 your (for a student) or your child’s (for a parent) 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.

Parent PLUS Loan Options

If the parent wants to apply for a Parent PLUS Loan, they MUST complete ALL three 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 username and password 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 appropriate PLUS Loan Request Form (refer to forms linked 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

Loan Repayment Info

Remember, loans must be repaid. Student loan repayment begins six months after the student graduates, leaves school, or drops below half-time enrollment status. Parent PLUS loan repayment begins 60 days after the second disbursement of the loan.

Investment of Time, Prayer, and Love

“I’ll never forget how the Bible and Ministry professors at KCU cared about me as a person. They didn’t just see me
as a student number. They invested time, prayer, and love into my life and my ministry, and I’m eternally thankful
for their influence.”

Sean Plank, Class of 2010

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