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Office of Financial Aid

Returning Students

Welcome back!

Your FAFSA needs to be completed by March 15. A financial aid checklist is available to you to assist in completing the requirements for applying for financial aid.

For more specific information on your financial aid award please visit My Stetson. Stetson University's school code, for use on the FAFSA, is 001531.

• FAFSA
• Forms
• Grants
• Loans
• Scholarships
• Student Employment

If you have any questions about prepaid or payment plans please call 386-822-7050 or email stuaccts@stetson.edu.

Verification Update

Please read the 2012-2013 verification process update for information regarding changes made by the Department of Education to the verification process for the 2012-2013 award year.

Federal Loan Update

Notice Regarding Congressional Changes to the Direct Loan Program

The U.S. Congress has enacted a number of legislative changes during the past year that will affect the federal loan programs beginning in fall 2012. The Budget Control Act of 2011, signed into federal law in August, 2011, includes the following:

Elimination of Loan Interest Subsidy for Graduate Studies

Effective July 1, the Subsidized Direct Loan will no longer be available to graduate and professional students for loan periods beginning on or after July 1, 2012. The graduate Stafford loan program will become entirely unsubsidized, which means that the borrowed amount will accrue interest while the student is in school. The annual and aggregate borrowing limits will not be affected (the maximum amount a student can borrow in the Direct loan program will remain at $20,500 per academic year), and all students are automatically evaluated for loan eligibility.

Elimination of Loan Fees Rebate

Currently, there is a one percent origination fee on the Direct loan, but a portion of the fee (0.5 percent) is refunded to the borrower at the time of disbursement. Effective July 1, 2012 the rebate will be eliminated and the full fee will be charged to students.

Elimination of Grace Period Interest Subsidy

Effective July 1, 2012, for new Subsidized Direct Loans, the interest subsidy during the six-month grace period has been eliminated for students who fall below half-time status.

Elimination of Loan Fees Rebate

Currently, there is a four percent origination fee on the PLUS loan, but a portion of the fee (1.5 percent) is refunded to the borrower at the time of disbursement. Effective July 1, 2012 the rebate will be eliminated and the full fee will be charged to parents and students.