You must submit a 2013-2014 Free Application for Federal Student Aid (FAFSA). The priority deadline for submitting a FAFSA for Spring 2014 was August 15, 2013. Applications will continue to be processed after the priority deadline. Additional information specific to transfer students who received financial aid at another institution for Fall 2013 can be found here.
As of October 1, 2013, the federal sequester increases the origination fees charged to Direct Loan borrowers beyond the July 2013 increases. However, the new loan fee percentages will apply only to loans where the first disbursement is made on or after December 1, 2013. Click here for more information.
If you receive a PIN, you agree not to share it with anyone. Your PIN serves as your electronic signature and provides access to your personal records, so you should never give your PIN to anyone. Be sure to keep your PIN in a safe place. For more information, please visit the PIN website.
Congress has passed and the President has signed the Bipartisan Student Loan Certainty Act of 2013, which ties federal student loan interest rates to financial markets. Interest rates will be determined each June for new loans for the upcoming award year (July 1 to the following June 30). Each loan will have a fixed interest rate for the life of the loan. The following interest rates are for new Direct Loans made on or after July 1, 2013, and before July 1, 2014, and includes loans already disbursed after July 1, 2013 before the passage of the Act.
Federal Direct Subsidized Loan: 3.86 %
Federal Direct Unsubsidized Loan: 3.86 %
Federal Direct Graduate Unsubsidized Loan: 5.41 %
Federal Direct Grad and Parent PLUS Loan: 6.41 %
Satisfactory Academic Progress (SAP) is currently monitored at the end of each term. Detailed SAP requirements can be found here.