Beginning July 1, 2012, the fixed interest rates on Subsidized Stafford Loans will double from 3.4% to 6.8%. This affects only those who will be incurring new loans. Students who currently have Subsidized loans will not be affected. For example, if you have a subsidized Direct Stafford Loan today at a fixed interest rate of 3.4%, your interest rate will NOT increase to … [Read more...] about Loan Interest Rate Increases
Greetings from the Office of Student Financial Aid As spring semester is coming to an end, we want to take the opportunity to update you on federal financial aid changes for the 2012/2013 and successive academic years before you leave for the summer. Affective fall 2012, new federal regulations dictate that graduate students will no longer be eligible to borrow from the … [Read more...] about ATTENTION GRADUATE STUDENTS!
By now, all students should have received their refunds from their Federal Student Loans. Refunds are to be used for educational purposes only. This includes: Textbooks Supplies Equipment Dependent child care expenses Transportation and Rental or purchase of a personal computer Remember: Because of interest, you are paying to borrow this money. Make wise … [Read more...] about Student Loan Refunds
Welcome back MSU students! I hope your winter break was relaxing and eventful. For those of you who applied for a government student loan for the spring semester, we are letting you know that they were dispersed on January 24. Due to this dispersment, many students have been asking when they will receive their refunds. Do not worry! Your refunds will be transferred to your … [Read more...] about Spring 2012 Loans
With just under two weeks of classes left, finals are approaching quickly... and so is Christmas break! For many students, the break is a time to relax, visit family and friends, and enjoy the holidays. While many consider Christmas season a critical break in their school year, it can also be a time when students overspend greatly. To reduce putting yourself in debt over the … [Read more...] about Making Wise Financial Decisions over the Holidays