ENSURE PROPER BILL CREDIT!  

Click here for tips to ensure proper bill credit.


FEDERAL DIRECT LOAN INTEREST RATES:

EFFECTIVE FOR LOANS FIRST DISBURSED ON OR AFTER JULY 1, 2015 AND PRIOR TO JULY 1, 2016:

• Direct Subsidized and Unsubsidized Loans for Undergraduate students - fixed at 4.29%.
       > Loans disbursed between 10/1/14 - 10/1/15 have an origination fee of 1.073%.
       > Loans disbursed between 10/1/15 - 10/1/16 have an origination fee of 1.068%
• Direct Unsubsidized Loans for Graduate/Professional students - fixed at 5.84%
       > Loans disbursed between 10/1/14 - 10/1/15 have an origination fee of 1.073%.
       > Loans disbursed between 10/1/15 - 10/1/16 have an origination fee of 1.068%
• Direct PLUS Loans for Parents of Dependent Undergraduate students and Graduate/ Professional students - fixed at 6.84%
       > Loans disbursed between 10/1/14 - 10/1/15 have an origination fee of 4.292%.
       > Loans disbursed between 10/1/15 - 10/1/16 have an origination fee of 4.272%


Consolidated Appropriations Act, 2012

Temporarily eliminates the interest subsidy on Direct Subsidized Loans during the six month grace period:

  • Applies to new Direct Stafford Loans for which the first disbursement is made on or after July 1, 2012, and before July 1, 2014.
  • Accrued grace period interest not paid will be capitalized.
  • Borrower could have some loans with interest subsidy and some without when in grace period.


Pre-registered for fall 2015 and need Proof of Enrollment to defer your student loan repayment?

An Advanced Registration Certificate is now available through the National Student Clearinghouse (NSC) via BU BRAIN Self Service, Student tab.
Click here for more information.


2015-16 NYS STEM Incentive Program: 

The NYS STEM Incentive Program provides a full SUNY or CUNY tuition scholarship for the top 10 percent of students in each New York State high school if they pursue a STEM degree in an associates or bachelor degree program and agree to work in a STEM field in New York State for 5 years after graduation.  

Online application available: deadline August 15, 2015. Click here for more information.


NYS Get on Your Feet Loan Forgiveness Program:

The New York State Get on Your Feet Loan Forgiveness Program provides up to 24 months of federal student loan debt relief to recent New York State college graduates who are participating in a federal income-driven repayment plan whose payments are generally capped at 10 percent of their discretionary income.  Click here for more information. Application coming soon.

 

FEDERAL AID ONCE DEGREE REQUIREMENTS ARE MET:

Once degree requirements are met, students are no longer eligible for federal aid funding for that degree.

Last Updated: 8/24/15