Reactivating a Cancelled Loan
If you need to reactive your Subsidized, Unsubsidized, or Grad PLUS loan, submit a “Loan Action Request Form”. Follow the instructions on the online form and then submit.
In the summer of 2013, The U.S. Department of Education made changes to all Direct Loans, the TEACH Grant, and the Iraq/Afghanistan Service Grant. These changes impacted students starting October 1, 2013, due to the federal government sequester. These changes are listed below:
- For Direct Loans, any first disbursement made on or after December 1, 2013, will have the following changed loan origination fees
- 1.072% for Direct Subsidized Loans and Direct Unsubsidized Loans (increased from the current 1.051%)
- 4.288% for Direct PLUS Loans-Graduate and Parent PLUS (increased from the current 4.204%)
Loan Cancellations—Week of November 25
Due to the sequestration loan fee change, the WSU Financial Aid Office is required to cancel all undisbursed Federal Direct Loans (subsidized, unsubsidized, Parent PLUS, or Grad PLUS) for the 2013-2014 academic year and reissue such loans with the higher loan origination fee. These loan cancellations will take place the week of November 25th. The new loans fees go into effect on December 1st. Students with Federal Direct Loans that have been accepted for fall 2013, spring 2014, or for the full academic year, will see their loans cancelled and then reinstated on their financial aid packages.
Please note: any loan not accepted or in an “offer” status will be cancelled and not reinstated. Parent PLUS and Grad PLUS loans that received credit denials will also be cancelled and not reinstated.
Reactivating a Cancelled Loan
If you need to reactive your Subsidized, Unsubsidized, or Grad PLUS loan, please go here to submit a “Loan Action Request Form”. Follow the instructions on the online form and then submit.
To process a Parent PLUS loan and/or for more information about your rights and options, click here.
Students wanting or planning to study abroad during the 2014 spring semester should contact the WSU Global Learning Office in Bryan Hall 105 on the Pullman Campus as a starting point. To contact this office, call 509-335-6204 or email them at email@example.com for assistance.
The Financial Aid Office will adjust a student’s financial aid award to reflect their education abroad costs for the semester once a Program Expense Form (PEF) is submitted by the Global Learning Office and then processed by the Financial Aid office. It’s important to note that the financial aid office cannot complete any program request form for a student until the PEF is received and processed. In early December, the Financial Aid Office will begin processing students’ spring 2014 Program Expense Forms .
For more details about the timing of when financial aid is delivered and how in general the study abroad process works at WSU, click here.
Below are step-by-step instructions on how to process loans shown on your financial aid award. Please follow these steps so your financial aid monies can be delivered to your WSU Student Account at the start of the semester. The instructions are specific to the different types of loans offered by the federal government. For any questions about your financial aid, contact the Financial Aid Office. It takes at least 48 hours to receive your loan monies after completing the required entrance loan counseling and/or master promissory note. The Financial Aid Office will begin delivering funds to students' WSU Student Account on August 14th. For questions about your WSU charges, account balances, refunds, or late fees, please contact University Receivables (or also known as Student Accounts).
|Subsidized and Unsubsidized Direct Stafford Loans|
|Process Parent PLUS Loan|
|Process Graduate PLUS Loan|
If you are a student who borrowed Direct Loans (Subsidized, Unsubsidized, and Graduate PLUS) during your college years, then you will be required to complete Exit Counseling when you graduate, fall below half-time enrollment, or if you drop all your classes at WSU. You will have a 6-month grace period before you will be required to pay back your federal student loans as long as you haven’t previously used your grace period.
If you are a fall 2013 graduate, then you will see a “GX Exit Counseling” checklist item on your ZZUSIS “To Do” list as a reminder to complete this.
Steps to Complete Exit Counseling:
Go to: www.studentloans.gov. It takes about 20 minutes to do.
- Sign in with your FAFSA 4-Digit PIN (www.pin.ed.gov to request a PIN)
- Have your personal information available to enter (references, relative contact information, and future employer if applicable)
- Click COMPLETE COUNSELING on left
- Click EXIT COUNSELING under the “Choose Counseling type” and proceed to answer the questions
- You should receive an immediate confirmation message upon completion. Within two business days, our office will receive record of your completion and then remove the “GX-Exit Counseling” checklist item from your ZZUSIS “To Do” list (if you are graduating in the fall).
For more information about Exit Counseling, click here and select Loan Counseling.
The FAE provides prospective and current students with rough estimates as to what they can expect in grants and loans in the current academic year with the assumption the student submits the FAFSA by the February 15 WSU priority deadline.
The NPC offers students a general outlook on their grant and scholarship eligibility. The NPC also offers the ability for students to see what costs to expect in higher education such as tuition, room and board, as well as books and miscellaneous costs.
You can find both tools under the Cost of Attendance page on our website.
8:00 a.m.-5:00 p.m.
Office of Financial Aid and Scholarships, Lighty Building Room 380, Washington State University, Pullman WA 99164-1068, 509-335-9711