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 direct deposit accounts near the end of this week or the beginning of next. If you do not have a direct deposit set up through Missouri State, the refunds will be sent to your permanent address that is on file. There are many students waiting for their refunds, so please be patient.
In the next month or so, you should receive a notification from your loan servicer confirming the disbursement of your loan. You will then have online access to your Direct Loan account information via your servicer’s website.
For more information on Direct Loans, please visit these websites:
If you still have questions, please remember that you may also come in for a one-on-one meeting with a Peer Financial Counselor in Carrington Hall Rm 419
QUICK PIECE OF ADVICE:
It is a good idea to pay your interest on Direct Unsubsidized or Direct PLUS Loans while you are in school. This helps lower the interest you will pay in the long run.