FINANCIAL AID NEWS
On August 8, 2013, President Obama signed the Bipartisan Student Loan Certainty Act of 2013 into law. As a result, interest rates for federal educational loans first disbursed on or after 07/01/13 and before 07/01/14 will be:
Federal Unsubsidized Stafford for GRADUATE students: 5.41%
Federal Graduate PLUS: 6.41%
For additional details, please refer to http://ifap.ed.gov/eannouncements/080913DirectLoanInterestRate2013t2014Eff070113.html
Michael Goodman's presentation is below. Dr. Hanson's presentation and handouts are on our Debt Management Page (see right column).
All first year medical students who are receiving aid were invited to attend The Financial Aid Orientation on August 8, 2013. Attendance is mandatory. Information that was provided to the School of Medicine's Class of 2017 is available in a Powerpoint Presentation.
Per federal regulations, all first time William D. Ford Federal Direct Unsubsidized Loan borrowers and all first time Federal Direct Graduate PLUS loan borrowers must complete an Entrance Interview which acknowledges the borrower's rights and responsibilities under the Federal Direct Loan program. The entrance interview requirement must be completed on line at the Department of Education web site.
INCOMING STUDENTS: In late February or early March 2013, you are encouraged to complete your 2013-2014 FAFSA and your 2013-2014 School of Medicine Financial Aid Addendum, but in order to receive an offer of aid prior to May 15, 2013, it is recommended that you have them completed prior to March 15, 2013. We continue to process admitted student aid throughout the year, so applications received after March 15, 2013 will be processed. Keep in mind that we cannot make an offer of aid until after the School of Medicine has made an offer of admission to you.
CONTINUING STUDENTS: You are encouraged to have your 2013-2014 FAFSA and your 2013-2014 School of Medicine Financial Aid Addendum completed by MARCH 30, 2013. MD/MPH students planning on attending the summer session especially need to have their FAFSA's completed in March.
You may view financial aid information at Gibson Online.
For an example of site navigation, click here.
For directions on accepting an award, click here.
Direct Deposit is the fastest way to receive your financial aid living expense refund. In order to receive a Direct Deposit refund, you must go to the Accounts Receivable web site and input your bank account information into NetPay. If you have questions about this Accounts Receivable process, please call Accounts Receivable at 504-865-5368.
When you are notified that you have a credit balance in Accounts Receivable, you need to go to Accounts Receivable's web site and request a refund on their NetPay system.
The National Health Service Corps offers primary care medical, dental and mental health clinicians up to $60,000 to repay student loans in exchange for two years of service at health care facilities in medically underserved areas. Learn more at the Department of Health and Human Services web site.
Residency and Relocation Loans are NON EDUCATIONAL CONSUMER LOANS that are available directly from your respective lenders to provide you with additional funds to travel for interviews, as well as provide funds for you to move after graduation. Since these loans are not educational student loans, University Financial Aid does NOT have a role in the processing of this loan. You apply directly to your lender and the funds are sent directly to you.
Health Sciences Financial Aid, Tulane University, New Orleans, LA 70112 504-988-6135 email@example.com