FAFSA, Loan and Scholarship Information

 
TRiO staff are available to help all participants with their FAFSA and scholarship applications including scholarship self statements. The following links are available to directly access information.
 

FAFSA Link: FAFSA Free Website
 
 
Ridgewater College Foundation

Scholarships Available

Application

Additional Information
 
 


Student Loan Repayment Information

It is strongly recommended that TRiO students see a representative in the TRiO office before completing any loan application.

 
 
Loan Interest Rates


The following table provides interest rates for Direct and FFEL Program Loans.



Federal Direct Student Loans 2013-2014 Interest Rates
Effective for Loans With a First Disbursement on or After July 1, 2013
Loan Type
Student Grade Level
Cohort
Index Rate
Add-On
2013-2014 Fixed Interest Rate
Interest Rate Cap
First Disbursed On/After
First Disbursed Before
10-Year Treasury Note Index
Direct Subsidized Loans
Undergraduate Students
7/1/13
7/1/14
1.81%
2.05%
3.86%
8.25%
Direct Unsubsidized Loans
Undergraduate Students
7/1/13
7/1/14
1.81%
2.05%
3.86%
8.25%
Direct Unsubsidized Loans
Graduate/Professional Students
7/1/13
7/1/14
1.81%
3.60%
5.41%
9.50%
Direct PLUS Loans
Parents of Dependent Undergraduate Students and Graduate/Professional Students
7/1/13
7/1/14
1.81%
4.60%
6.41%
10.50%
Direct Consolidation Loans
N/A
Consolidation Loan Application Received on or after July 1, 2013
Interest rate remains the weighted average of the interest rates of the loans included in the consolidation, rounded up to the next higher one-eighth of one percent.  New law removes the 8.25% cap.
 


 

To access information on your federal loans including interest rates, loan types, disbursed amounts, outstanding principal, and the total amount of your loans, go to www.nslds.ed.gov (National Student Loan Data System).



Perkins Loans

Any questions regarding your Perkins Loan, contact the Financial Aid Department at the school who made your loan. They are your loan servicer. If you are unsure who your servicer is, go to www.nslds.ed.gov or call the Federal Student Aid Information Center at 1-800-433-3243; TTY 1-800-730-8913 to find out.



Plus Borrowers

The repayment period for all PLUS Loans begins on the date the loan is fully disbursed, and the first payment is due within 60 days of the final disbursement. However, a graduate student PLUS Loan borrower (as well as a parent PLUS borrower who is also a student) can defer repayment while the borrower is enrolled at least half-time, and, for PLUS loans first disbursed on or after July 1, 2008, for an additional six months after the borrower is no longer enrolled at least half-time. Interest that accrues during these periods will be capitalized if not paid by the borrower during the deferment.

Parent PLUS Loan borrowers whose loans were first disbursed on or after July 1, 2008, may choose to have repayment deferred while the student for whom the parent borrowed is enrolled at least half-time and for an additional six months after that student is no longer enrolled at least half-time. Interest that accrues during these periods will be capitalized if not paid by the parent during the deferment.

For additional information about repayment of loans, go to:


http://studentaid.ed.gov/PORTALSWebApp/students/english/repaying.jsp






Ridgewater College is an equal opportunity employer and educator.