Getting Started
- File your FAFSA
- Watch your email for your aid package
- Accept or decline the loans on MU Online
Federal Unsubsidized Direct Loan
- Up to $20,500.00 per academic year
- In 2020-21 the interest rate is 4.30%
- There is an up front fee of 1.059% withheld before disbursement
- The student must maintain at least half time enrollment for this loan (6 credit hours)
- The student must file a FAFSA - https://studentaid.ed.gov/sa/fafsa
- The student must complete the loan entrance counseling at https://studentaid.gov/
- The student must complete the loan agreement (Master Promissory Note) at studentaid.gov
Federal Graduate PLUS Loan
- We will offer to the Graduate Student the Grad PLUS Loan, up to the cost of attendance
- This loan is credit based
- In 2020-21 the interest rate is 5.30%
- There is an up front fee of 4.236% withheld before disbursement
- The student must maintain at least half time enrollment for this loan (6 credit hours)
- The student must file a FAFSA - https://studentaid.ed.gov/sa/fafsa
- The student must complete the Graduate PLUS Loan Entrance Counseling at studentaid.gov
- The student must complete the loan agreement (Master Promissory Note) at studentaid.gov
Other Loan Options
- Another type of loan you can apply for is an alternative educational loan
- You can be less than half time (6 credits)
- Please visit our Loan Program Page for a list of lenders
Other Resources
- Fastweb
- Nurse.org
- HRSA Health Workforce
- Find Graduate School Scholarships - Sallie Mae Graduate School Scholarships
- If you are a Veteran - please visit our Veteran's Benefits page
Refunds
- Refunds may be used for educational expenses such as fees, housing, food, books, and supplies.
- Refunds are issued approximately 10 days after the start of your first.
- If you would like the refund direct deposited to a checking or savings account, please complete the refund form.
Account Questions
- Please feel free to contact us M-F from 9am-5pm
- Office of Student Financial Services, Shilling Hall 118
- Call: 217-424-6317 or email: clondon@millikin.edu