Grants, Scholarships, Loans and Work-Study are all types of financial aid. In order to determine your eligibility for many aid sources, you will need to submit a Free Application for Federal Student Aid (FAFSA) on an annual basis. The 2016-17 and 2017-18 FAFSAs are available at fafsa.gov. It is not too late to apply for aid for the 2016-17 school year. The priority deadline for 2017-18 aid is March 1, 2017. Our School Code is 001948. For further assistance in completing the FAFSA, please go here or contact our office at email@example.com or 913-588-5170.
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Congress has passed and the President has signed the Bipartisan Student Loan Certainty Act of 2013, which ties federal student loan interest rates to financial markets. Under this Act, interest rates will be determined each June for new loans being made for the upcoming award year, which runs from July 1 to the following June 30. Each loan will have a fixed interest rate for the life of the loan.
The following table provides the interest rates for new Direct Loans disbursed on or after July 1, 2016, and before July 1, 2017. These rates will apply to all new Direct Loans disbursed during this time.
|Direct Subsidized Loans (Undergraduates)||3.76%|
|Direct Unsubsidized Loans (Undergraduates)||3.76%|
|Direct Unsubsidized Loans ( Graduate or Professional Students)||5.31%|
|Direct PLUS Loans (Parents and Graduate or Professional Students)||6.31%|
More information can be found at http://studentaid.ed.gov/About/announcements/interest-rate