Tagged: Kentucky Higher Education Assistance Authority

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.

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