Grad Students to Lose Federal Loan Subsidy

 "A big change is coming soon for graduate students who use federal student loans to fund their education," according to U.S. News and World Report. "Currently, grad students with demonstrated financial need can take out subsidized Stafford loans, which don't accrue interest until after graduation. Through school and six months after graduation, the government pays for the interest that accrues on subsidized loans. But starting July 1, graduate students will no longer be eligible for the federal subsidy. If you already have a subsidized Stafford loan, you won't be responsible for the interest that accrues until after you graduate, but any new federal Stafford loans taken out by graduate students as of July 1 will be unsubsidized. Unless you make interest payments while you're in school, the federal loans will accrue interest at a fixed rate of 6.8 percent as you work toward graduation."

FINANCIAL AID OFFICE CUSTOMER SERVICE SURVEY

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A myriad of financial options are available to the working adult student in Shorter University's College of Adult & Professional Programs Degree Programs. All of them can make getting your degree more affordable!

Our job at Shorter University is to make your Financial Aid application process as smooth as possible.

How to Apply

You must reapply each year for Financial Aid. When filling out the FAFSA :

• Ensure that your name on the Free Application for Federal Student Aid (FAFSA) matches the name on your Social Security card.
• Leave no questions unanswered.

Timing is Important

The financial aid process is a very time-oriented process. If you need financial aid in order to attend one of the degree programs at Shorter, you will need to complete the entire financial aid process first.

You must be declared "financially ready" before you can be placed on a roster to start your classes. In order to be determined eligible for federal aid, you must submit all the required documents and any further documents the Office of Financial Aid requests from you in a timely manner.