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 Subsidized Direct Stafford loan program. All graduate level loans will be from the Unsubsidized Direct Stafford loan program. However, yearly and aggregate loan borrowing limits have not changed, so the total funds available to borrow will remain the same – $20,500 for an academic year, $138,500 lifetime limit.
Please contact our office if you have any questions about this change in federal policy.
We hope you have a great summer!
Sincerely,
The Office of Student Financial Aid
Missouri State University