MSU OFA News

 

November 5, 2013

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spring bills

Spring bills will be available to view in StuInfo on November 9th. Throughout the week financial aid and charges will be added to student's accounts as we prepare the bills, but the balance will not be final until November 9th. Refunds of excess financial aid will be processed the first week of January, 2014.

For more information about billing and payments visit the Frequently Asked Questions page on the MSU Controller's Website here: http://www.ctlr.msu.edu/COStudentAccounts/ebillQuestions.aspx

FAQ

Should I file my FAFSA on January 1st or wait until I complete my taxes?

The Free Application for Federal Student Aid (FAFSA) for 2014-2015 will be available to complete as of January 1st. There are pros and cons to completing the FAFSA early. The pro is that you have your application in and some aid is awarded on a first come, first serve basis (as well as on financial need). The con is that your financial information will be estimated and you will need to update your FAFSA once your taxes are completed.

A benefit of waiting until your taxes are complete is that you will be able to use the IRS Data Retrieval Tool. This tool allows you to import your financial information from the IRS to the Free Application for Federal Student Aid (FAFSA) securly. It improves accuracy and also reduces the possibility that you will be selected for verification where you are required to provide your IRS Tax transcript to the Office of Financial Aid to verify the information provided on the FAFSA is correct. It may take a little while after you complete your taxes for the IRS Data Retrieval tool to become available to you due to some delays with the government shutdown.

Whether you decide to wait or decide to file early we recommend that you complete your FAFSA by March 1st to ensure you are considered for all financial aid programs. March 1st is the deadline for some State of Michigan grant programs.

 

financial aid in the news

Feds urge student loan borrowers to review repayment options, especially income-based

WASHINGTON — The Education Department says it will begin reaching out by email this month to about 3.5 million federal student loan borrowers. They will be encouraged to learn more about their repayment options, especially whether they qualify for an income-based repayment plan...Read more here

 

Contact Us

Office of Financial
www.finaid.msu.edu
E-mail: finaid@msu.eduMSU Seal
Phone: 517-353-5940
Fax: 517-432-1155
In-Person or Mail:
556 E Circle Dr, Room 252

East Lansing, MI 48824

Walk-In Advising Hours:
Monday-Friday
9:00am to 4:45pm

Phone Hours:
Monday-Thursday
8:00am to 5:00pm
Friday
9:00am to 5:00pm

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