For many new students, Financial Aid is one of the most important and least-understood aspects of going to College. With forms, regulations, and deadlines at every turn, it’s no wonder new students are often confused! The Financial Aid Office is here to help you! We can be reached by email at email@example.com or by phone at 770-534-6152.
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Important Notes and Changes Regarding Financial Aid
|Office Location: Did you know that the financial aid office has moved? We are now located at 620 Academy Street (Gainesville Campus) near the library and Tea Room.|
Graduate Students: Recent Legislation will affect Graduate students. Beginning with loans disbursed after July 1, 2012 Graduate students will no longer be eligible to receive Subsidized Federal Student Loans. Graduate students will still be able to receive Unsubsidized Federal Student Loans.
IRS Tax Tips: The IRS offers a look at Five Ways to Offset Education Costs including the American Opportunity Credit, the Hope Credit, the Lifetime Learning Credit, 529 College Savings Plans benefits, and Tuition and Fee deductions. For more information and to read the IRS Article visit www.IRS.gov
Summer Financial Aid: Please contact our office if you have questions about Summer Financial Aid.
Aggregate Loan Limits: Students borrowing a Federal Direct Student Loan are subject to maximum allowable loan limits. The Aggregate Maximum Loan Limit restricts the amount of Federal Student Loans that may be borrowed over a student’s college career. For additional information about federal student loans including aggregate loan limits and interest rates please visit: www.studentaid.ed.gov
|Aggregate Loan Limits – Federal Student Loans|
|Dependent Undergraduate Students||$31,000 *No more than $23,000 can be in subsidized loans|
|Independent Undergraduate Students (and dependent students whose parents were denied a parent PLUS loan)||$57,500 *No more than $23,000 can be in subsidized loans|
|Graduate and Professional Students||$138,500 *This includes undergraduate loans, graduate students are only able to obtain unsubsidized loans|