Kentucky Higher Education Assistance Authority

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Madisonville Community College is among eight community and technical colleges in Kentucky receiving grants to help students attend school in coal-producing communities.

  Mid-Continent University students who are unable to finish their programs due to the institution’s closure may not have to pay their federal student loans.

The Department of Education says students who do not transfer and do not finish the program they started at Mid-Continent are eligible for discharges on direct and Federal Family Education loans. But Kentucky Higher Education Assistance Authority Executive Director Carl Rollins says getting a loan discharged isn’t necessarily the best option for Mid-Continent students.

Officials with the agency overseeing Kentucky’s college financial aid expect to figure out how many students will be receiving benefits in the next week. The state doles out nearly $100 million in financial aid annually, but that money is on a first come first served basis.

More than 80,000 students in Kentucky who are eligible for state financial aid will not receive it. Officials say that number has both positive and negative meanings.

A new report from the Lexington Herald-Leader shows the former head of student loan agencies in Kentucky spent over $55,000 on travel and entertainment from 2010 to 2011. The newspaper obtained the expense reports of Edward Cunningham through the Kentucky Open Records Act. Cunningham was chief executive of the Kentucky Higher Education Assistance Authority and the Kentucky Higher Education Student Loan Corporation until his retirement in April.

Study Shows Kentucky Student Debt

Jun 27, 2012

New data shows Kentucky college graduates will shell out an average of $200 a month for a decade to pay off their student loans.