Education loan Rates for 2021-2022 Award Seasons on track to decrease Dramatically

Education loan Rates for 2021-2022 Award Seasons on track to decrease Dramatically

If you want help completing the brand new FAFSA or choosing and therefore school funding options are best for you, schedule an appointment which have a educational funding gurus or walk in during the Subscription Heart regular business hours.

  • Getting classes from inside the Slide 2021, Wintertime 2022, otherwise June 2022 semesters? Fill in new FAFSA centered on the 2019 earnings pointers. Otherwise down load the fresh myStudentAid application.
  • Condition support recipients: You must complete a beneficial FAFSA to-be believed for the setting off county support.

COVID-19 Frequently asked questions

Q: How to fill out my outstanding school funding data? A: The new Educational funding Workplace gets USPS post and you will faxes. To the 2021-22 FAFSA, sign in the StudentForms site and you will upload requested confirmation documents.

Q: What exactly do I really do easily possess a pecuniary hardship since a result of the brand new groups are cancelled or any other circumstances in regards to the COVID-19? A: Excite get in touch with the fresh new School funding Office having people monetaray hardship issues at the excite contact us on (616-234-4030) or email united states at

Q: Is the Educational funding Place of work still open during this time. A: The brand new GRCC campus are unlock. The Financial aid Office is ready to speak to you by the mobile, on line or in person. Label (616-234-4030) build your conference, or create your fulfilling on the internet.

Q: There isn’t/can not afford internet access or use of a pc. What possibilities perform I’ve when you find yourself my classes was moved on line? A: If you feel that you are unable to be successful during the on the internet coursework because of a financial hardship, please call us within (616) 234-4000 or email

Q: Exactly how is actually federal education loan interest becoming determined today? A: Away from , the interest rate try 0% towards following the particular federal figuratively speaking owned by ED:

  • Defaulted and you will non defaulted government lead fund
  • Defaulted and you may non defaulted FFEL System loans
  • Defaulted and you may non defaulted government Perkins Money

Please be aware you to definitely certain FFEL System financing is actually belonging to industrial loan providers, and several Perkins Financing is owned by the school your went to. These types of money aren’t qualified to receive that it work for at this time.

Q: How do i explore my personal educational funding buying instructions and you can supplies to have my summer semester categories? A: A great Bookstore Launch Function is available and can feel reached thru the brand new School funding tile with the On the internet Center. This will enables you to buy courses and provides and now have her or him shipped to you personally.

Interest levels decided for each Summer step one into the following prize year adding a fixed percentage toward high give from the brand new 10-season Treasury notice auctioned within last public auction ahead of , the speed getting government financing very first disbursed for the otherwise once decreased regarding cuatro.53% to help you 2.75% to have undergraduate Direct Financing, of six.08% to help you 4.30% to own scholar/elite Direct Unsubsidized Fund, and you may out-of seven.08% in order to 5.30% to own Mother and you will Grad Plus money. The interest rate caps for those money is 8.25%, nine.5%, and you may ten.5%, respectively.

Government Pell Grant Readers Now Entitled to Crisis Broadband Work with

Federal Pell Grant readers are in reality qualified to receive discount broadband attributes according to the Government Correspondence Commission’s (FCC) Crisis Broadband Work with (EBB) System.

In EBB System, households with Pell Offer recipients are eligible for a cost savings as high as $50 four weeks into the broadband features and you can related equipment, and qualified households located on Tribal countries is located a savings regarding $75 30 days.

Pell Give readers can put on to your work with online, via mail, or compliment of a playing vendor. Have a look at considerably more details how schools usually takes steps to aid qualified students and you will parents browse the program processes.