Financial Aid

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Completing the FAFSA Application

Discover your eligibility for financial aid by completing the Free Application for Federal Student Aid (FAFSA). To complete a financial aid application, go to https://studentaid.gov/h/apply-for-aid/fafsa.

When you complete the FAFSA form on the myStudentAid app or online at fafsa.gov, you will see instructions for each question. You can get additional help by selecting the question mark icon next to each FAFSA question.

This will display a “tooltip” that provides information about how to answer that question.

Dates you plan on Attending
Submit this FAFSA
Use income and tax information from
2025-26
2023
2026-27
2024

In the online FAFSA form at fafsa.gov, you can select the “Help” button at the top of the page to reach the “FAFSA Help” page, where you can view trending FAFSA topics, browse FAQs, and search for more information. Visit the “FAFSA Help” page directly by going to StudentAid.gov/fafsahel
You can contact the Federal Student Aid Information Center via email at [email protected].

or by phone at (800) 433-3243; TTY for the deaf or hard of hearing (800) 730-8913) https://studentaid.gov/resources#fafsa

You have the right to decline any financial aid assistance offered to you

Professional Judgment

Students may pursue an adjustment based on special or unusual circumstances. A student may have both a special circumstance and an unusual circumstance. Financial Aid Administrators (FAAs) may make adjustments that are appropriate to each student’s situation with appropriate documentation.

The FAFSA Simplification Act distinguishes between different categories of professional judgment by amending section 479A of the HEA.

  • Special Circumstances refer to the financial situations (loss of a job, etc.) that justify an aid administrator adjusting data elements in the COA or in the EFC calculation.
  • Unusual Circumstances refer to the conditions that justify an aid administrator making an adjustment to a student’s dependency status based on a unique situation (e.g., human trafficking, refugee or asylee status, parental abandonment, incarceration), more commonly referred to as a dependency override.

1. DSDT may use a dependency override determination made by a financial aid administrator at another institution in the same or a prior award year.

2. Institutions must make and document professional judgment determinations on a case-by-case basis without regard to how broadly an event may affect its student population.

3. In making case-by-case determinations, the FAA must substantiate the student’s circumstance with supporting documentation.

4. Previous reasons for exercising professional judgment (e.g., unemployment, dislocated worker, school tuition expenses) are still allowable.

5. A dependency override for unusual circumstances is considered unique from a determination of independence for homeless youth or at-risk homeless youth.

Additional Flexibility for Assisting Students with Unusual Circumstances

The FAFSA Simplification Act provides a clearer directive for FAAs to assist applicants with unusual circumstances to adjust dependency status on the FAFSA form to reflect students’ situations more accurately. Like other types of professional judgment, institutions must make students aware of their ability to request for an adjustment for unusual circumstances by publicly posting the option on their website. For the award years, applicants must still indicate an unusual circumstance and request a determination of independence with DDBS to allow the Financial Aid Administrator to process their FAFSA form.

Starting with the 2024-2025 Award Year, both initial and renewal applicants who indicate they have an unusual circumstance on their FAFSA form will submit their application under a provisional independent status. This will allow such applicants to receive a Student Aid Index (SAI) with an estimate of their federal student aid eligibility, subject to a final determination by their school.

fafsa dsdt

**As previously provided by law, if a student pursues an adjustment for unusual circumstances and the financial aid administrator does not determine that the student should be considered independent, the student will only be eligible for dependent-level Direct Unsubsidized Loans unless they subsequently complete the FAFSA form as a dependent student by providing parent information.

Important!

Current Federal Interest Rates

The interest rate for a federal student loan varies depending on

  • the loan type and
  • the first disbursement date of the loan (for most types of federal student loans).

The table below provides interest rates for Direct Subsidized Loans, Direct Unsubsidized Loans, and Direct PLUS Loans first disbursed on or after July 1, 2025, and before July 1, 2026.

Perkins Loans (regardless of the first disbursement date) have a fixed interest rate of 5%.

Repayment

Repayment begins six months after you graduate or drop below half-time enrollment (six credit hours). If you receive a loan and Withdraw, Graduate, or Drop below six hours you must contact Student Financial Services so we can counsel you regarding your loan status. Please keep in mind that if you withdraw you may owe part of your loan funds back immediately.

Under certain circumstances, you can receive a deferment or forbearance. This will allow you to temporarily postpone making loan repayments. You can find out more about deferments and forbearances through the U.S. Department of Education’s website.

Interest Rates for Direct Loans First Disbursed on or After July 1, 2025, and Before July 1, 2026

Loan Type
Borrower Type
Fixed Interest Rate
Direct Subsidized Loans and Direct Unsubsidized Loans
Undergraduate
6.39%
Direct Unsubsidized Loans
Graduate or Professional
7.94%
Direct PLUS Loans
Parents and Graduate or Professional Students
8.94%

All interest rates shown in the chart above are fixed rates. A fixed rate will not change for the life of the loan.

If your loan was disbursed before July 1, 2025, you likely have a different interest rate.

View interest rates for loans disbursed earlier.

For more information on avoiding loan scams, go to https://studentaid.gov/resources/scams. If you’re having problems managing your student loans contact your federal loan servicer or the Federal Student Aid (FSA) Ombudsman Group.

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DEFAULTING ON STUDENT LOANS

Defaulting Student Loans

Default is failure to repay a loan according to the terms agreed to in the promissory note. For most federal student loans, you will default if you have not made a payment in more than 270 days. If you default on a federal student loan, you lose eligibility to receive additional federal student aid and you may experience serious legal consequences.

If you default on your federal student loan, the entire balance of the loan (principal and interest) becomes immediately due. This is called acceleration. Once your loan is accelerated, you no longer have access to deferment or forbearance options or to a choice of repayment plans.

In addition, if you do not make repayment arrangements with the holder of your loan—the U.S. Department of Education (ED), a guaranty agency, or the school that made the loan—and comply with the terms of the repayment arrangement, your loan holder may place your loan with a collection agency. If your loan is placed with a collection agency, you will be responsible for costs incurred by your loan holder to get payment. The holder of your loan can take other actions to collect as well.

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