University of Kentucky Establishes New Financial Aid Programs for Low-Income Students

Last month we reported that the University of Louisville, a state-operated university in Kentucky, established the Cardinal Covenant program for low-income students. Now the state’s flagship institution, the University of Kentucky in Lexington, has launched its Catalyst Scholars program for low-income students. Under the program, students who are eligible for federal Pell Grant awards will qualify for state scholarship grants of $2,020.

In addition, under the new Trustees Scholars program, high-achieving students from the state’s community college system will be able to transfer to the University of Kentucky and pay the same low tuition that they paid at their community college.

State officials estimate that the new financial aid initiatives will cost $2.7 million in the next academic year but will increase to $5.5 million by 2011.