Important changes to federal financial aid

July 23, 2012

Clear Float

This pane clears float!

If you'll be a college student receiving federal financial aid in 2012-2013, several changes passed might affect you.

Pell grants: Effective immediately and retroactively, students are only eligible for 12 full-time semesters for the grant. Awards may vary from semester to semester based on credits.

Subsidized federal loans: The six-month, interest-free grace period upon graduation is eliminated. Loans will accumulate interest starting at graduation. This change affects loans acquired between July 1 and June 30, 2014. Also, graduate students are no longer eligible for subsidized loans.

For more information about federal financial aid, visit www.federalstudentaid.ed.gov/students.html.

Clear Float

This pane clears float!

Add comment

Plain text

  • HTML tags will be transformed to conform to HTML standards.
  • Lines and paragraphs break automatically.

Pioneer Post

Read the latest distance education news in the Pioneer Post.

Subscribe

Subscribe to RSS FeedSubscribe to The Pioneer Post using our RSS feed.

 

 

 

 

 

Footer Anchor