New Stafford Loan Interest Rates to go into effect
July 1st:
The annual Stafford Loan rates have been set for the 2006-2007
academic year. Loans disbursed on or after 7/1/2006 will carry the following fixed interest rate:
Stafford: 6.80%
This rate applies while in school and during repayment.
Any previous loans (including current year's loans with the first disbursement prior to 7/1/2006) will continue to carry the following variable interest rates:
Stafford (in-school, grace, deferment):
6.54% (91-day T-bill + 1.70%)
Stafford (in repayment):
7.14% (91-day T-bill + 2.30%)
The variable rates are in effect from July 1, 2006 - June 30,
2007.
NEW Scholarship Search Sites web page:
If you are looking for scholarships and fellowships to help
fund graduate school you should check out our Scholarship
Search Sites page. It contains a list of scholarship
seach sites for all students as well as a section specifically
for graduate students.
A Caution about Dropping Classes:
If you're thinking about dropping a class, you can find
the refund schedule here. However,
if you have financial assistance, you need to contact our
office before you drop, because it can a significant impact
on your eligibility.
Students who drop a class may have their assistance revised,
which can result in the loss of grants and the return of
loan funds to their lenders as well as the loss of future
assistance. Students who completely withdraw will have a
percentage of their aid returned to the original funding
sources, leaving them owing a potentially large tuition
balance. Plus, these students will lose future eligibility
for assistance at St. Edward's.
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Student Financial Services