FINANCIAL AID NEWS
for
SPHTM Students
LOSS of LENDERS
Across the nation, there have been over 60 lenders who have either withdrawn from the federal student loan business or have gone out of business.
Effective April 1, 2008, Capital One has permanently withdrawn from the student loan business. All Capital One borrowers must choose another lender for their future loans.
Effective April 3, 2008, Student Loan Xpress has also permanently withdrawn from the student loan business.
T.H.E. IS BACK IN BUSINESS
On April 1, 2008, T.H.E. had announced that they were temporarily suspending their participation in the Federal Family Education Loan Program. We did not know how long this suspension will last; therefore, current T.H.E. borrowers were advised to choose another lender. On May 21, 2008, T.H.E. announced that is was resuming business effective May 27, 2008.
SUMMER FINANCIAL AID
On Thursday, March 27, 2008 we conducted a summer aid workshop for students planning on attending during the summer semester. To view a copy of the PowerPoint presentation used at this workshop, click here.
To apply for summer aid, please complete a 2008 Summer Addendum. To review the Summer Frequently Asked Questions, click here. It would be best if you submit your 2008 Summer Addedum by May 1, 2008 to ensure timely summer processing. June 13, 2008 is the absolute deadline to turn this form into us.
INCOMING AND CONTINUING STUDENTS
2008-2009 Application Deadlines
Incoming and Continuing students, you are encouraged to have your 2008-09 FAFSA completed by March 14, 2008 and you are also encouraged to have your 2008-09 Financial Aid Addendum submitted to our office by March 31, 2008. Please be aware that applications will continue to be accepted beyond these suggested deadlines.
Entrance Interview
Per federal regulations, all first time Federal Stafford Loan borrowers must complete an Entrance Interview which acknowledges the borrower's rights and responsibities under the the federal Stafford loan program.
Entrance Interview information provided to the School of Public Health and Tropical Medicine's Class of 2009 is available in a powerpoint presentation; to see the presentation, click here.
The entrance interview requirement can be completed on line by clicking here .
Refund Disbursement Via Direct Deposit
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.
2008-2009 Supplemental Applications
For those of you who want EITHER a Federal Graduate Plus Loan
OR private loan, please remember that you need to apply for the loan of your choice. For comparison information about the new Federal Graduate Plus loan and private loans, please see the Frequently Asked Questions (FAQs). Also, refer to the FAQs for the application links for both Graduate Plus and private loans.
View My Financial Aid Online
Students may view their financial aid information online here. Internet Explorer Version 6.0 or higher must be used to view this link.
A Comprehensive Guide to Graduate Financial Aid
(2007-08 edition)
Students interested in greater details of the financial aid process are encouraged to review this guide.
Information on the LOSFA Data Breach
Mid-October 2007, the Louisiana Office of Student Financial Assistance (LOSFA) alerted schools that backup media was lost by its data storage contractor. Our office wants to alert all potentially affected students to be aware of this situation: an email was sent (text here) to Tulane student email addresses on 10/20/07. Since that time, LOSFA has created a Q&A to answer the most commonly asked questions about their breach of information (click here) in an effort to continue providing accurate information to the public.
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