MSU OFA News

 

May 22, 2015

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interest rates

Interest Rates for 2015-2016

Interest rates for 2015-2016 have been published and they went down slightly from 2014-2015.

2015-2016 Interest Rates

Undergraduate Direct Loans (Subsidized and Unsubsidized) = 4.29% 
Graduate Direct Loans = 5.84% 
Direct PLUS Loans (Parent and Graduate) = 6.84%

financial aid status

Summer Financial Aid Refunds

Students attending a second summer session or a study abroad trip for summer that are expecting a financial aid refund will receive the funds 7-10 days prior to their first day of class. We encourage students to enroll in direct deposit, which can be done at stuinfo.msu.edu.

Since students who are studying abroad often need to purchase their airfare in advance we offer short term loans in our office. Loans up to $450 for undergraduate students can be processed online through StuInfo. We can approve amounts higher than this for airfare, but students will need to apply in-person. Students must be registered to be eligible and loans are due 60 days after receiving the loan. Students must have a means of repayment to receive the loan.

Summer Enrollment and Financial Aid

During summer semester undergraduate students must be enrolled in at least 6 credits to qualify for most financial aid programs. We look at the total number of credits a student is enrolled in at any time during summer. Students could be in 6 credits in one summer session or they could take 3 in the first session, then 3 in the second session to qualify.

important dates

July 25 - Initial Fall 2015 billing statements are available electronically on StuInfo (no paper bills are mailed)
August 13 - Initial minimum tuition and fee payment is due for Fall 2015

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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