The Federal Direct loans include subsidized and unsubsidized (for students) and the Parent PLUS Loan. For terms and conditions on these loans, please visit To apply for federal loans, file your FAFSA at and enter KCAI’s school code 002473.

Once those options have been exhausted, private loans are available to students and, in some cases, their parents.

Direct Subsidized Loans

Direct Subsidized Loans charge no interest to the student as long as the student maintains a 2.0 grade-point average and is enrolled at least part-time in a degree program. There is a post-enrollment grace period of six months before repayment begins

  • First-year students have a maximum allowable loan amount of $3,500.
  • Sophomores are eligible for $4,500.
  • Juniors and seniors may be eligible for up to $5,500 per year.

Direct Unsubsidized Loans

  • Interest begins accumulating at the time the funds are disbursed.
  • Repayment begins six months after the student no longer maintains at least part-time enrollment in a degree program.

Direct PLUS Loans for Undergraduate Students

  • Repayment begins within 60 days of the funds being fully disbursed (can request deferment while student is in school).
  • Loans are available in any amount up to the cost of education, as determined by KCAI, minus other aid.
  • Credit check required.

Private Alternative Loans

View our preferred lender list to select a lender or talk to your preferred bank about options