Federal Notices
The Higher Education Opportunity Act of 2008 requires disclosure of policies that can affect students in colleges and universities. The following information is disclosed to you as a student at Michigan State University in compliance with this federal law.
Terms and Conditions of Federal Student Loans
Terms and conditions of Federal Student Loans (Stafford and GradPLUS) are listed on the Master Promissory Note signed by a borrower accepting the loan.
Rights and Responsibilities information:
Federal Perkins Loan
Entrance and Exit Counseling Information for Federal Student Loans
Both Entrance and Exit Counseling information is available on the Direct Loans web site for Stafford and GradPlus Loans.
Drug Violation Penalties
Students convicted for possessing or selling illegal drugs will lose access to all Federal and MSU aid. Aid applicants must disclose such a conviction on the Free Application for Federal Student Aid. Applicants who falsify the FAFSA in order to illegally obtain financial aid will have their aid canceled and be referred to the Department of Education's Inspector General and Michigan State University's Judicial System for investigation and possible federal prosecution and/or university disciplinary measures.
Students who have been convicted of possession or sale of illegal drugs may regain their aid eligibilty by completing an acceptable drug rehabilitation program. Contact the Office of Financial Aid for further information.
Code of Conduct for Financial Aid Professionals and Advisory Disclosure
The Office of Financial Aid at Michigan State University has established a Code of Conduct for Financial Aid Professionals as required by law.
The Office of Financial Aid discloses that currently no financial aid professional on staff is serving on a lender advisory board.
