U-M Office of Financial Aid

July 26, 2016

Newsletter available: What you need to know for 2016 Fall Term

This newsletter edition kicks off the 2016-17 academic year, featuring information about when you will receive your aid, how to sign up for the Michigan App, working on campus, and other key items to help you navigate your financial aid. Read more in the full newsletter.
July 8, 2016

Alert: Your Federal Direct Loan subsidies are time limited

Are you a new federal Direct Loan borrower since July 2013? You are subject to a new federal regulation that limits your loan subsidy to 150 percent of your degree program. If you are in a four-year program, for example, and have attended for six years, you will no longer received subsidized loans and will be responsible for interest on your loans.
May 27, 2016

Student Loan interest rates will drop for 2016-17

Federal student loan interest rates are scheduled to go down effective with loans disbursed on or after July 1, 2016. The rates on undergraduate Direct Loans will drop from 4.29 percent to 3.76 percent for the 2016-17 academic year. Graduate Direct Loan rates will be 5.31, lower than the current rate of 5.84 percent. The rate on PLUS loans, both parent loans for dependent undergraduates and those for graduate borrowers, will drop from 6.84 to 6.31 percent.
May 20, 2016

Working in college can benefit your bottom line

Did you receive a Work-Study award with your financial aid? Employment exposes students to mentor-type relationships and opens opportunities in professional fields. And working can also help you avoid additional borrowing during your time at U-M.
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