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Our offices will be closed on Monday, January 19, 2026, in observance of Martin Luther King, Jr.'s Birthday. We will resume Read moreour normal operating hours on Tuesday, January 20, 2026.
What We Do
KHEAA Financial Aid Information
Getting into college is only part of the process. You also have to determine how to pay for college and apply for financial aid, if needed. Financial aid comes in many forms, and you’ll probably qualify for more than one type. Depending on the financial aid you’re offered, it might not cost any more to go to a more expensive school than a less expensive school. You won’t know unless you check. Find out what financial aid is available, compare the costs of different schools and find answers to common questions at www.kheaa.com.
KY Saves 529
KY Saves 529, formally known as the Kentucky Education Savings Plan Trust (KESPT), helps families save for higher education. An account can be opened for a beneficiary of any age. The method, schedule and amount of contributions are determined by the account owner. Earnings are exempt from Kentucky taxes, and any withdrawal used for qualified college expenses will be free of federal income taxes. Deposits can be as little as $25 (or $15 if made through payroll deduction). For more information call toll free 1-877-KY TRUST (1-877-598-7878)1-877-KY TRUST (1-877-598-7878), or visit www.kysaves.com.
Advantage Education Loans are great options when you need more money to pay college expenses and manage your education debt. Whether you are a student, parent or working professional, choosing an Advantage Education Loan is the smart decision.
To view loan details and benefits, or to apply, choose one of the following options.
The Advantage Education Loan is a great choice for students who have exhausted their grant and scholarship options.
The Advantage Education Loan offers FIXED interest rates starting at 3.18% APR and there are NO fees.* Even lower rates with our autopay discount!
Your rate is based on the repayment plan you’ve selected, your credit history and other factors. You may qualify for an even lower interest rate if you apply with a creditworthy cosigner. It’s good to know there are more options when you need them.
* APRs are representative samples for educational purposes only and may not reflect current or actual loan rate offers or available percentage rates. Your actual APR will depend upon your credit transactions and credit history and will be determined once a credit decision is made. Advantage Education Loans have no application, origination, default, late or NSF fees.
Advantage Education Loans are private loans. We recommend applying for all eligible grants and scholarships first. We reserve the right to modify or discontinue loan features or benefits or to discontinue loan programs at any time without notice. Rates vary based on the repayment plan you've selected, your credit history and other factors. Advantage Education Loans are owned and managed by KHESLC, a state-based, non-profit lender. We do not sell or subcontract our loans.
Interest rate effective date is 12/01/2025.
The Advantage Parent Loan is for parents of undergraduate or graduate students who need more funds for college expenses.
The Advantage Parent Loan offers FIXED interest rates starting at 3.18% APR and there are NO fees.* Even lower rates with our autopay discount!
Your rate is based on the repayment plan you’ve selected, your credit history and other factors. You may qualify for an even lower interest rate if you apply with a creditworthy cosigner. It’s good to know there’s an option for you to help them.
* APRs are representative samples for educational purposes only and may not reflect current or actual loan rate offers or available percentage rates. Your actual APR will depend upon your credit transactions and credit history and will be determined once a credit decision is made. Advantage Parent Loans have no application, origination, default, late or NSF fees.
Advantage Parent Loans are private loans. We recommend applying for all eligible grants and scholarships first. We reserve the right to modify or discontinue loan features or benefits or to discontinue loan programs at any time without notice. Rates vary based on the repayment plan you've selected, your credit history and other factors. Advantage Parent Loans are owned and managed by KHESLC, a state-based, non-profit lender. We do not sell or subcontract our loans.
Interest rate effective date is 12/01/2025.
The Advantage Refinance Loan can help people paying back student loans save money and get out of debt quicker.
Combine all your education loans with a fixed interest rate Advantage Refinance Loan. Rates start as low as 5.15% APR and NO fees.* Even lower rates with our autopay discount!
With flexible terms of 10, 15 or 20 years, the Advantage Refinance Loan may be the loan for you!
* APRs are representative samples for educational purposes only and may not reflect current or actual loan rate offers or available percentage rates. Your actual APR will depend upon your credit transactions and credit history and will be determined once a credit decision is made. Advantage Refinance Loans have no application, origination, default, late or NSF fees.
Advantage Refinance Loans are private loans and are considered new loans which provide new benefits and features. We reserve the right to modify or discontinue loan features or benefits or to discontinue loan programs at any time without notice. Rates vary based on the repayment term you've selected, your credit history and other factors. Advantage Refinance Loans are owned and managed by KHESLC, a state-based, non-profit lender. We do not sell or subcontract our loans.
Interest rate effective date is 06/01/2025.
If you're thinking about college, KHEAA can help you decide what career and college is the best fit for you. Our planning timelines will give you an idea of what to do each year to prepare for college, and other links will take you to specific information about stages of the college planning process.
Want help motivating middle and high school students to study hard and get good grades? Wish you had someone to guide you and your students through the maze of student financial aid? Want to direct adult students to higher education? We can help. Our outreach services are available year-round to provide free college planning and financial aid assistance.
