Loan Programs

Low-cost loans help pave the way.

Loan Programs

There are many different loan programs available to KCAD students. Please file your FAFSA (Free Application for Federal Student Aid) to take advantage of the federal loan programs before applying for any other loan.

NOTE: The links on this page will navigate away from the KCAD website.

Federal Loan Limits

Annual Loan Limits - Dependent Students
Class Subsidized + Unsubsidized Total
Freshman $3,500 + $2,000 $5,500
Sophomore $4,500 + $2,000 $6,500
Junior $5,500 + $2,000 $7,500
Senior $5,500 + $2,000 $7,500
Graduate N/A      

Annual Loan Limits - Independent Students
Class Subsidized + Unsubsidized Total
Freshman $3,500 + $6,000 $9,500
Sophomore $4,500 + $6,000 $10,500
Junior $5,500 + $7,000 $12,500
Senior $5,500 + $7,000 $12,500
Graduate $0 + $20,500 $20,500 

Lifetime Loan Limits
Dependency Subsidized + Unsubsidized Total
Dependent $23,000 + $8,000 $31,000
Independent $23,000 + $34,500 $57,500
Graduate $0 + $138,500 $138,500


How much do I owe? Who is my loan servicer?

A loan servicer is a company that handles the billing and other services on your federal student loan. The loan servicer will work with you on repayment plans and loan consolidation and will assist you with other tasks related to your federal student loan. It is important to maintain contact with your loan servicer. If your circumstances change at any time during your repayment period, your loan servicer will be able to help.

As a borrower you may have been assigned more than one servicer for your Direct Loans; if more than one servicer is identified on your record through NSLDS then you must make payment arrangements with each individual servicer. Failing to make payment arrangements with each of your loan servicers could result in one or more of your loans going into default.

If you have multiple servicers, consolidation may benefit you. If you choose to consolidate all of your loans, your loans will be assigned to one servicer and eliminate the need to make multiple monthly payments. For more information on loan consolidation, please visit the Federal Student Aid website.

To find out the answers to the questions above, please login to your account at You should create an on-line account with each of your loan servicers.

How much will my monthly payments be?

Once you know the total amount that you owe each loan servicer, you can estimate how much your monthly payments will be by using the Loan Simulator tool on

Repayment plans

Deciding on a repayment plan for your federal student loans can be overwhelming if you don’t know all of your options. The resources at can help you pick the plan that works best for you. Some things to consider when comparing different repayment plans: the total amount you will repay, your income after graduation, your current expenses, and the time frame of your repayment selection.

Your loan servicer can assist you with setting up and changing your payment plan. There are options available if you select a repayment plan and your circumstances subsequently change!

Frequently Asked Questions

Ferris has put together a list of questions that you may have about student loans, both Federal Loans as well as Private Alternative Loans.