Student Financial Aid

Financial assistance comes in a variety of forms and from many sources, both public and private.

Students who possess strong test scores and high grade point averages are eligible for numerous merit scholarships at Transylvania. These awards range from several thousand dollars to full tuition. Scholarships are also offered to students with impressive achievements, particular skills, or special qualifications.

To find out more about the scholarships Transylvania offers, view our list of scholarship opportunities.

Christian Church (DOC) Scholarships

Transylvania offers a number of scholarships for members of the Christian Church (Disciples of Christ). For more information, please click here.

Designated Scholarships

Transylvania awards a number of designated scholarships; however, the majority of these scholarships are awarded to students who are in their sophomore, junior, or senior years at the university. There is no application required to be considered for these scholarships. Rather, Transylvania's Financial Aid Office will award each scholarship on the basis of academic performance at Transylvania, financial need as determined by the FAFSA, and the specific criteria of the scholarships.

Transylvania takes part in the Federal Student Aid Programs, which include three types of aid. Eligibility for these programs is based on information provided on a completed FAFSA form.


These awards are gifts to students, based on need. Two federal grants exist:

Pell Grant

For the 2017-18 academic year, the Pell Grant is up to $5,920 per year depending on the student's need.

SEOG Grant

The Supplemental Educational Opportunity Grant is up to $1,000 per year and is given only to students receiving the Federal Pell Grant.


The Federal College Work-Study (FCWS) program allows students to work a set number of hours a week at campus jobs for an hourly rate. Students receive paychecks for this work and are expected to use the money for education-related expenses. Transylvania's program offers:

  • Over 350 need-based, work-study positions
  • Wage potential of $875-$1,750 for the academic year
  • Opportunities to work up to 6.5 hours per week
  • Minimum wage pay
  • A variety of on-campus, off-campus, and community service related locations


These awards must be repaid according to schedules devised by the lending entity. Transylvania offers three types of loans, with the following stipulations and interest rates:

Federal Direct Student Loans

Repayment of these loans is deferred while the student is enrolled in college. The maximum loan eligibility depends upon class standing:

  • Freshmen - $5,500 ($3,500 of which can be subsidized)
  • Sophomore - $6,500 ($4,500 of which can be subsidized)
  • Junior - $7,500 ($5,500 of which can be subsidized)
  • Senior - $7,500 ($5,500 of which can be subsidized)

The difference between the two types of loans is as follows:

  • Subsidized Loans are need-based, and the federal government pays the interest while the student is enrolled in school. The interest rate for subsidized Stafford Loans is 4.45 percent.
  • Unsubsidized Loans are not need-based. The student is responsible for paying the interest, which can be paid quarterly or deferred until the student is out of school. The interest rate on unsubsidized Stafford Loans is 4.45 percent.
Federal Direct Parent (PLUS) Loans

The Federal Direct Parent (PLUS) Loan allows parents to borrow up to the cost of a student's education minus any other financial aid the student is receiving. The interest rate is 7 percent. Parents have the option of repaying the loan either 60 days after the loan is fully disbursed or waiting until six months after the student leaves school or drops below half-time enrollment.

VA Benefits

If you expect to receive VA benefits from the Department of Veterans Affairs to help defray the costs of your education:

1) Contact the Department of Veterans Affairs to determine the benefits you are eligible for. The VA helpline is 800-827-1000.

2) When you receive your certificate of eligibility, forward it to Ashley Coons, Transylvania's associate registrar. The registrar’s office will work with student accounting services to have your VA benefits applied toward the cost of your Transylvania education.

If you have questions about how your benefits are credited toward your student account, contact student accounting services at 859-233-8150.

According to VA standards, Transylvania students who receive VA benefits are expected to maintain a minimum grade-point-average of 2.0 (a "C" average) and to accumulate units of credit at a rate of 4.00 per year of attendance. If you fall below this standard for two consecutive semesters, the university must report your status to the Department of Veterans Affairs.

Each student's home state offers a variety of educational grants and scholarships. Students from states other than Kentucky should contact their state government for information. Kentucky offers two types of aid:

KEES Scholarship

The Kentucky Educational Excellence Scholarship can be applied to tuition bills at any post-secondary institution in Kentucky. This scholarship is based on a student's yearly GPA and highest ACT or SAT score. For more information, see the KHEAA homepage.


Kentucky offers two types of grants, both of which require completion of the FAFSA form for eligibility:

CAP Grant

The College Access Program grant is given to in-state students with high levels of financial need. This grant is set at $1,900 for the 2017-18 academic year.

KTG Grant

The Kentucky Tuition Grant is awarded to in-state students attending Kentucky private colleges and universities. This grant is set at $2,920 per year and is awarded on a first-come, first-served basis. Those interested in this grant are urged to complete the FAFSA form before January 1.

A private student loan (also referred to as an alternative loan) is not a federal student loan, but one through a private bank or other lending institution.

Generally, private loans have interest rates, repayment terms, and deferment options that are less favorable than those of the Direct Stafford and Parent PLUS Loan programs.

We strongly encourage you to review each of the lender's information to determine which benefits and terms are best for you. Take into consideration repayment terms, interest rates, and deferment options before choosing a private loan. Some lenders may require a co-signer for credit reasons. Some other things to consider.

Questions regarding a particular lender's private loan program should be directed to that lender.

Steps to take before applying for a private loan
  1. Complete a FAFSA so we can determine your eligibility for federal aid. If there is a reason you are unable to complete the FAFSA, please contact our office.
  2. Consult The Office of Financial Aid to determine if you have exhausted your federal financial aid eligibility for the year.
  3. If you have exhausted your eligibility or need additional funding, you may then want to consider a private loan. Find more information about private student loans.