News and Announcements

  1. Remember to Update Your Mailing Address, E-mail, and Phone Number!
  2. New federal student loan interest rates
  3. Reminder: Don’t Pay for the FAFSA
  4. Direct Subsidized Loan Time Limit
  5. Changes in Loan Disbursements
  1. Mailing Address and Phone Number Update Reminder
    • If a registered student your mailing address at the Troy Records Office or the Records Office at your location is what is used to contact you and/or to send you important information such as your award letter. As you return to school, and/or move while in school, please take a moment and update the mailing address and phone number for better service from all Troy University offices.
    • If an admitted student your mailing address at the Troy Admissions Office at your location is the address used to contact you and/or to send you important information such as your award letter. Please take a moment and contact them to update the mailing address and phone number for better service from all Troy University offices.
    • Be sure that your university e-mail account is active and that all messages get properly forwarded to you.
    • We are not allowed to update your address for you.
    • You can update your current mailing address through Trojan Web Express but it takes some time before the Records Office can update your mailing address. The sooner you update your address, the better.

  1. The new interest rates for federal student loans are listed in the table below:
Loan Interest Rates by Disbursement Dates
Loan Type Loans first Disbursed on or after July 1, 2014 and before July 1, 2015
Direct Subsidized Loans (Undergraduate Students) Fixed at 4.66%
Direct Unsubsidized Loans (Undergraduate Students) Fixed at 4.66%
Direct Unsubsidized Loans (Graduate or Professional Students) Fixed at 6.21%
Direct PLUS Loans (Parents and Graduate or Professional Students) Fixed at 7.21%
Perkins Loans (Undergraduate and Graduate or Professional Students) Fixed at 5%
  1.  Reminder: Don’t Pay for the FAFSA

    Several websites offer help filing the Free Application for Federal Student Aid (FAFSA) for a fee. These websites are not affiliated with or endorsed by the U.S. Department of Education. We urge you not to pay these sites for assistance that you can get for free elsewhere. The official FAFSA is at www.fafsa.gov . If you are asked for your credit card information while filling out the FAFSA online, you are not at the official government website.

  1. Direct Subsidized Loan Time Limit

    If you are a first-time borrower on or after July 1, 2013, there is a limit on the maximum period of time (measured in academic years) that you can receive Direct Subsidized Loans. This time limit does not apply to Direct Unsubsidized Loans or Direct PLUS Loans. If this limit applies to you, you may not receive Direct Subsidized Loans for more than 150 percent of the published length of your program. This is called your “maximum eligibility period.” Your maximum eligibility period is based on the published length of your current program. You can usually find the published length of any program of study in the school’s catalog.

    For example, if you are enrolled in a four-year bachelor’s degree program, the maximum period for which you can receive Direct Subsidized Loans is six years (150 percent of 4 years = 6 years). If you are enrolled in a two-year associate degree program, the maximum period for which you can receive Direct Subsidized Loans is three years (150 percent of 2 years = 3 years).

    Because your maximum eligibility period is based on the length of your current program of study, your maximum eligibility period can change if you change to a program that has a different length. Also, if you receive Direct Subsidized Loans for one program and then change to another program, the Direct Subsidized Loans you received for the earlier program will generally count toward your new maximum eligibility period.

  1.  Changes in Loan Disbursements

    Beginning October 2014, there will be two special disbursement rules that apply to student loan funds:

    30-Day Delay: Federal Direct Stafford loan funds are subject to a 30-day disbursement delay for first-year, first-time undergraduate borrowers.

    Two-disbursements Rule: If the loan period is one payment period (ie: Fall only or Term 1 only), loan proceeds must be issued in two disbursements. The first disbursement will be available after the free drop/add period and the 2nd available after the mid-point of the term/semester. Neither disbursement shall exceed more than one half of the loan amount.
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