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Kansas Promise is a last-dollar scholarship, which means that a student may receive a scholarship in the amount of aggregate tuition, required fees, books, and materials minus all other financial aid (including grants and scholarships) that does not require repayment. Awards are made on a first come, first serve basis. The application could close before these deadlines listed on the Board of Regents website if funding for this scholarship is exhausted before the deadline.
^Scholarships are to be prioritized according to applicants’ annual household income. Within certain income guidelines, students may receive a scholarship in the amount of:
Must be enrolled in at least 6 credit hours (updated 7/15/22)
If any condition of the agreement is not met and the student is not found to otherwise have satisfied the requirements in accordance with the Kansas Promise Scholarship Act, the student must repay the scholarship plus accrued interest (at the federal PLUS program interest rate) within six months after failure to satisfy the agreement.
Causes for repayment would include if a student changes enrollment to an in-eligible program. The bill allows for installment payments on the indebtedness, and the Board of Regents is authorized to transfer repayment accounts to a loan servicer or collections agency. Requirements may be postponed by the Board of Regents for “good cause.”
It is very important to understand that by accepting a Kansas Promise Scholarship you will be signing an Agreement that you will live and work in the State of Kansas for two consecutive years following the successful completion of your program of study. Failure to do so will result in your having to repay the amount of the scholarship assistance that you received plus interest. The interest is at the current rate of interest of the federal PLUS loan (Parent Loan) at the time that you are awarded the scholarship.
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