Office Of Scholarships & Financial Aid
1201 S. State Street,
CSS 101,
Big Rapids, MI 49307
Subsidized loans do not accrue interest (subsidized by the government) prior to repayment.
Unsubsidized loans begin accruing interest when the loans are disbursed (while the
student is in school).
No, Federal Direct subsidized and unsubsidized loans are guaranteed by the federal
government.
You may need to complete a MPN and/or Entrance Counseling 2. Enrollment must be minimum
of half time (6 credits undergrad and 5 credits grad) 3. Recently accepted loans must
be originated prior to disbursement which may take up to 72 hours.
You may contact your loan servicer for detailed loan information. If you do not know
who your loan servicer is, visit studentaid.gov , then select "Manage Loans".
In school deferment is automatically updated each semester by the school to the Clearinghouse.
As long as you are enrolled at least half time, your federal loans will automatically
be placed in the status of in-school deferment.
Contact your loan servicer. If you do not know who your loan servicer is, visit studentaid.gov, then select "Manage Loans".
You may make a payment on your federal loans at any time without penalty (this includes
paying the loan(s) off). If you have questions regarding repayment, or need a pay
off amount, you will need to contact your federal loan servicer or private lender.
In 2010 the federal government officially changed the name of their federal student
loan program from Stafford Loans to the Direct Loan Program.
No. the Federal Direct Parent PLUS Loan debt is solely the responsibility of the parent
that took out the loan. The debt cannot be transferred to the student.
If you are a student in the Nursing program (not pre-nursing), you can send an email
to [email protected]. The email request serves as the application. Funding is very limited and money is
awarded on a first come, first served basis to students who demonstrate financial
need (based on FAFSA results).