Welcome to the MUW Financial Aid Center
At MUW we believe that the cost of a college education should not be a deterrent to your pursuit of earning a college degree. One of the Financial Aid Center's goals is to provide quality service and financial assistance to all our eligible students – new entering freshmen, transfer, continuing and graduate students.
IMPORTANT! New Federal Regulations!
Student Loan Changes for 2012-13
On July 1, 2012 the student loan interest rate returns to 6.8% on Direct Subsidized loans unless Congress passes legislation that would keep those rates below 6.8%.
In addition, more recent legislation, The Budget Control Act of 2011, made other significant student loan changes that are scheduled to go into effect on July 1, 2012. These changes affect the federal "interest subsidy" for new loans made after July 1. For Graduate students, for new loans, no "subsidized" loans are available after July 1, 2012. Graduate students can only borrow "unsubsidized" loans with interest accruing while they are enrolled. Undergraduates with "new" loans will cease to have interest subsidies on their Direct Subsidized loans after they graduate.
The MUW Financial Aid Office will continue to monitor Congressional activity and will implement the necessary changes. Our award processes will be set up using current legislation with the anticipated changes in the interest rate and the loss of interest subsidies for Graduate students. We can always revise graduate awards later if Congressional action permits.
Eligible Coursework and Repeat Coursework
Repeated coursework and coursework not required for a student's program of study will impact a student's aid award. Students may not receive financial aid for coursework that is not required for their major and/or not among approved electives for their current program of study. If a student is taking coursework not required for his/her program of study, the student's enrollment status will be adjusted for financial aid purposes. In addition, repeated coursework where a passing grade has been previously received is, in most cases, ineligible for aid. The student will be ineligible for aid for the repeated coursework and the student's enrollment status will be adjusted for aid purposes.
PROCESSING A FAFSA---You may begin to submit updated financial information for 2012-2013 now! Be sure you have all 2011 W-2 income information for yourself and your parents (all jobs) and estimate your "taxes paid" before submitting your FAFSA! Click here for information about filing the FAFSA. - (http://www.fafsa.gov).
STATE AWARDS-----Also remember to apply for or renew your MTAG and other state aid applications at the new IHL website The deadline for applying for HELP is March 31. The deadline for MTAG and MESG is Sept. 15, 2012. Note: IHL's Phone Number is: 1-800-327-2980. IHL fax number is: 601-432-6527.
FEDERAL STUDENT LOANS- Did you know that "every student" is eligible for a student loan? Yes, you are eligible for the Federal Direct Student Loan regardless of family income. The FAFSA is required to determine if you qualify for "free" interest while you are in school. If you are interested, just complete the FAFSA and we can process your application for the loan and any other aid for which you may qualify.
Freshmen can borrow up to $5500, Sophomores can borrow $6500 and Juniors or Seniors can borrow $7500. Undergraduate and graduate students must be enrolled in 6 semester hours in order to receive a student loan.
Financial Aid Center
1100 College Street, MUW 1614
Columbus, MS 39701
Phone: 662-329-7114
Fax: 662-329-7325
IMPORTANT! New Federal Regulations!
Student Loan Changes for 2012-13
On July 1, 2012 the student loan interest rate returns to 6.8% on Direct Subsidized loans unless Congress passes legislation that would keep those rates below 6.8%.
In addition, more recent legislation, The Budget Control Act of 2011, made other significant student loan changes that are scheduled to go into effect on July 1, 2012. These changes affect the federal "interest subsidy" for new loans made after July 1. For Graduate students, for new loans, no "subsidized" loans are available after July 1, 2012. Graduate students can only borrow "unsubsidized" loans with interest accruing while they are enrolled. Undergraduates with "new" loans will cease to have interest subsidies on their Direct Subsidized loans after they graduate.
The MUW Financial Aid Office will continue to monitor Congressional activity and will implement the necessary changes. Our award processes will be set up using current legislation with the anticipated changes in the interest rate and the loss of interest subsidies for Graduate students. We can always revise graduate awards later if Congressional action permits.
Eligible Coursework and Repeat Coursework
Repeated coursework and coursework not required for a student's program of study will impact a student's aid award. Students may not receive financial aid for coursework that is not required for their major and/or not among approved electives for their current program of study. If a student is taking coursework not required for his/her program of study, the student's enrollment status will be adjusted for financial aid purposes. In addition, repeated coursework where a passing grade has been previously received is, in most cases, ineligible for aid. The student will be ineligible for aid for the repeated coursework and the student's enrollment status will be adjusted for aid purposes.
PROCESSING A FAFSA---You may begin to submit updated financial information for 2012-2013 now! Be sure you have all 2011 W-2 income information for yourself and your parents (all jobs) and estimate your "taxes paid" before submitting your FAFSA! Click here for information about filing the FAFSA. - (http://www.fafsa.gov).
STATE AWARDS-----Also remember to apply for or renew your MTAG and other state aid applications at the new IHL website The deadline for applying for HELP is March 31. The deadline for MTAG and MESG is Sept. 15, 2012. Note: IHL's Phone Number is: 1-800-327-2980. IHL fax number is: 601-432-6527.
FEDERAL STUDENT LOANS- Did you know that "every student" is eligible for a student loan? Yes, you are eligible for the Federal Direct Student Loan regardless of family income. The FAFSA is required to determine if you qualify for "free" interest while you are in school. If you are interested, just complete the FAFSA and we can process your application for the loan and any other aid for which you may qualify.
Freshmen can borrow up to $5500, Sophomores can borrow $6500 and Juniors or Seniors can borrow $7500. Undergraduate and graduate students must be enrolled in 6 semester hours in order to receive a student loan.
Financial Aid Center
1100 College Street, MUW 1614
Columbus, MS 39701
Phone: 662-329-7114
Fax: 662-329-7325
