St. Cloud State University
Financial Aid Office
News/Announcements

Financial Aid Announcements

The sequester and federal student financial aid

Here's how the federal across-the-board budget cuts (sequester) that went into effect March 1, 2013 impacts federal student aid programs:

  • Pell Grant: No impact.
  • Federal Work Study: No impact for 2012-2013 award year but funding is reduced for the 2013-2014 award year.
  • Federal SEOG: No impact for 2012-2013 award year but funding is reduced for the 2013-2014 award year.
  • Federal Direct Loans: Increase in loan fees: subsidized and unsubsidized to 1.05% from 1% and PLUS loans to 4.20% from 4%.
  • TEACH Grant: reduction of 6.0% of first disbursements made after March 1, 2013.

 

More Financial Aid Announcements

Financial Aid Office
Phone: (320) 308-2047

Campus address
720 4th Avenue South
St. Cloud, MN 56301-4498
(320) 308-0121
St. Cloud State University is an affirmative action/equal opportunity educator and employer.
St. Cloud State University is a member of the Minnesota State Colleges and Universities system.
© 2013 St. Cloud State University