The Federal Direct loan is for undergraduate students and includes subsidized and unsubsidized loan types. Your eligibility will be determined when you complete your FAFSA at and include KCAI’s school code 002473.

The Department of Education will announce the 2024-2025 FAFSA application opening date in December 2023. Priority deadline is February 1, 2024.

The Federal Direct PLUS (parent loan for undergraduate students) is a credit-based loan for parents and you apply at

All federal loans processed by KCAI are reported to NSLDS (National Student Loan Data System) and will be accessible by guaranty agencies, lenders, and schools determined to be authorized users of the data system.

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.
  • Aggregate undergraduate limit is $23,000.

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.

Direct Unsubsidized Loans

  • Interest begins accumulating at the time the funds are disbursed.
  • Does not require financial need.
  • Repayment begins six months after the student no longer maintains at least part-time enrollment in a degree program.
  • Aggregate undergraduate limit for dependent students, including subsidized loans, is $31,000.

Private Alternative Loans

The private loan is a credit-based loan for undergraduate students who wish to apply for additional loan options. The student is the borrower and may be required to have a cosigner. View our preferred lender list to select a lender or talk to your preferred bank about options.

Many private lending organizations offer loan funds to help assist a student bridge the gap between the total costs of KCAI after federal, state and institutional funding has been awarded. We encourage you to avoid borrowing from the private education loan program unless absolutely necessary and to exhaust all funding sources before considering the program.

KCAI considers all lender criteria and the list is subject to change. Our Preferred Lender List will be reviewed and monitored continuously throughout the year in order to maintain current benefit information.   Please review the current Loan Application and Solicitation Disclosures for each of the lenders in alphabetical order from our preferred lender list.

Citizens Bank
Commerce Bank
Sallie Mae

School Code of Conduct
The inclusion of a loan or lender on this site does not imply endorsement. We do not endorse any loans or lenders. Note that information is provided by the lender and is subject to change. We are not responsible for the content lenders provide or the content of lender websites. You can contact lenders directly to confirm details if needed.

KCAI does not have a revenue-sharing arrangement with any lender listed on this site nor receives any financial benefits from said lenders. KCAI does not receive any call center or financial aid office staffing assistance nor any advisory board compensation. KCAI students are not required to use a lender on our preferred listing and can choose a lender of their choice.