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.
May 13, 2016

New federal aid tool assists student borrowers entering repayment

The Office of Federal Student Aid has launched a new one-stop website, studentloans.gov/repay, to help borrowers navigate student loan repayment options and select their best option in five steps or less. The initiative is part of the federal government's push to enroll as many student borrowers as possible in income-driven repayment plans for their student loans.
April 20, 2016

Submitting documents? Please give us time to process them

Volumes in our office are high this time of the year, whether students are contacting us by email, phone, fax or in person. If you have submitted documents, it may take up to 5 business days for receipt of these documents to show up on Wolverine Access in the student’s secure portal. We appreciate your patience as we work to award aid for 2016-17.
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