Financial Aid Alerts
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%
• Direct Unsubsidized Loans for Graduate/Professional students - fixed at 5.84%
• Direct PLUS Loans for Parents of Dependent Undergraduate students and Graduate/Professional students - fixed at 6.84%
2015-16 FINANCIAL AID AWARD OFFER PROCESSING TIMELINE
New Fall 2015 admitted students: financial aid award offer e-notifications will be sent to the student's FAFSA email
address beginning mid-March. Please note that the CSS Profile is not required at Binghamton
Returning Undergraduate students: financial aid award offer e-notifications will be sent to the student's BU email account beginning early May 2015.
New and returning Graduate students: financial aid award offer e-notifications will be sent to the student's BU email account beginning early July 2015.
FAFSA information: students are encouraged to review their completed FAFSA information to ensure an accurate, valid application is available so a timely offer can be provided based on the time frames listed above. FAFSAs with Binghamton's school code listed will be noted as received in BU BRAIN Self Service, Financial Aid tab, Eligibility section.
Federal Student Aid ID and password replacing federal pin
The Federal PIN previously used for the FAFSA application, studentloans.gov, and other federal/state aid sites are now being replaced with a username/password system. Create your FSA ID and password today!
FEDERAL AID ONCE DEGREE REQUIREMENTS ARE MET
Once degree requirements are met, students are no longer eligible for federal aid funding for that degree.