MSU OFA News

 

January 10, 2014

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The 2014-2015 Free Application for Federal Student Aid (FAFSA) is now available. You can complete the FAFSA at fafsa.ed.gov. Remember that this is a free application. If you type in .com instead of .ed.gov you will be directed to a website that collects money from you to complete the FAFSA. The State of Michigan recommends that you complete your FAFSA by March 1st for the upcoming school year. Many awards are granted on a first come, first serve basis so it is important to file early.

Did you know that you can automatically transfer your tax return information to the FAFSA? About 2-3 weeks after you submit your 2013 Federal Tax Return you can log into fafsa.ed.gov and use the IRS Data Retrieval Tool. Since the FAFSA is a federal application and the IRS is a federal database, they have set up a safe tool that transfers your income information from the IRS to your FAFSA. This saves time and also improves accuracy of the information submitted on your FAFSA. You can even use this tool if you have already submitted a FAFSA using estimated income information initially and you are ready to revise the FAFSA with actual information.

FAQ

When is my first Parent PLUS Loan payment due?

For parents who borrowed a Parent PLUS Loan for both Fall 2013 and Spring 2014, the first payment will be due 60 days after the final disbursement. In this case the final disbursement would occur when the spring portion of the loan disbursed. For many parents the final (spring) disbursement happened on December 27th so the first payment would be due approximately February 25th.

You are able to postpone payments as long as your student is attending at least half time (we refer to this as a deferment). You can request a deferment by contacting your loan servicer, which is the company that will send repayment information. You can also find out who your loan servicer is by going to www.nslds.ed.gov.

financial aid in the news

Education Dept. to recognize same-sex marriages for federal financial aid purposes

The U.S. Education Department announced Friday that the federal government will now recognize all legal same-sex marriages for the purposes of applying for and receiving federal financial aid. 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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