The Office of Admissions must receive transcripts from all school previously attended.
If you applied for student loans, you must complete a Pre-Loan Counseling session before any loan proceeds will be applied to your account. If you completed loan counseling during Orientation, you do not have to complete the session again.
Difference between Subsidized and Unsubsidized loans: Subsidized Loan, the government pays the interest while you are in school and six months after you leave the university. Unsubsidized Loan, the borrower is responsible for all interest that is incurred. A 3% origination fee is deducted from each loan before funds are sent to the school. You must be enrolled in at least six hours in order to receive financial aid.
You must successfully complete at least 30 hours per academic year and maintain a minimum of a 2.0 grade point average (GPA). An academic year consists of fall, spring, and summer terms. An academic year begins in the fall. Summer terms are not mandatory, but are an option if you have not completed the required hours and/or GPA. Repeat courses are excluded.
The maximum total loan amount, sub and unsub, that an undergraduate dependent student is allocated is $23,000 and $46,000 for independent students. This amount is disbursed throughout your entire undergraduate academic career. Borrow only what you need!
Borrowers may decline or return loan proceeds at any time. Please inform your counselor of your decision and our office will process your request.
Once you leave, graduate or drop below six hours, you are given a 6-monty grace period before you are required to repay your loans. You may contact your school or lender to receive information on repayment alternatives if you have difficulties repaying your loans. Two alternatives are deferments and forbearances. Students who withdraw from classes or leave the university during the semester may be required to repay funds awarded or acquire a balance with the university.
Overpayments may be available after tuition and fees are paid. If you have a housing balance, your housing fees may be applied to your account before an overpayment is disbursed. Check with the Cashier’s Office for disbursement dates.
