Office Of Scholarships & Financial Aid
1201 S. State Street,
CSS 101,
Big Rapids, MI 49307
Federal Direct Subsidized and Unsubsidized loans are automatically awarded to admitted students who complete the FAFSA process each academic year.
2022-2023 Academic Year Rates for loans first disbursed after July 1st 2022
4.99% Fixed Interest Rate (Undergraduate Students)
6.54% Fixed Interest Rate (Graduate Students)
1.057% Loan Origination Fee
Direct Loan Entrance Counseling/MPN
Federal Loan Frequently Asked Questions
Federal Loan Problem Resolution
Class | Subsidized | Unsubsidized | Total | |
---|---|---|---|---|
Freshman (0-25 credits) | $3,500 | + | $2,000 | $5,500 |
Sophomore (26-55 credits) | $4,500 | + | $2,000 | $6,500 |
Junior (56-85 credits) | $5,500 | + | $2,000 | $7,500 |
Senior (86 + credits) | $5,500 | + | $2,000 | $7,500 |
Graduate | N/A | + | N/A | N/A |
* Student must be enrolled in a Bachelor's degree program to be considered a Junior, regardless of credit hours earned.
Note: Students who are enrolled in Associate Degree programs may not receive more than the sophomore level loan amount, regardless of the number of credit hours they have earned.
Class | Subsidized | Unsubsidized | Total | |
---|---|---|---|---|
Freshman (0-25 credits) | $3,500 | + | $6,000 | $9,500 |
Sophomore (26-55 credits) | $4,500 | + | $6,000 | $10,500 |
Junior (56-85 credits) * | $5,500 | + | $7,000 | $12,500 |
Senior (86 + credits) | $5,500 | + | $7,000 | $12,500 |
Graduate | N/A | + | $20,500 | $20,500 |
Dependency | Subsidized | Unsubsidized | Total | |
---|---|---|---|---|
Dependent | $23,000 | + | $8,000 | $31,000 |
Independent | $23,000 | + | $34,500 | $57,500 |
Graduate | N/A | + | $138,500 | $138,500 |