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+ Campus alert: A-State Closed Jan. 16

A-State Closed on Jan. 16 due to winter precipitation.

Arkansas State University is closed today, Tuesday, Jan. 16, due to winter precipitation. All winter response staff members are requested to report to their duty stations.

Overnight, snow fall made conditions for students, faculty and staff hazardous.

"Our administrative team determined the snowfall was going to be heavier than forecast and while today was scheduled to be the first day of class for the spring 2018 semester, I've decided it is best that we cancel classes for today," Chancellor Kelly Damphousse said.

All classes at the Jonesboro and Paragould locations are cancelled. Online classes continue.

While offices and classes are closed, university residential life areas continue to operate to support the on-campus student population.

For students living on-campus, Acansa Dining Hall will operate under "brunch hours" with service from 10:30 a.m. to 2:00 p.m. and then 4:30 p.m. to 6:30 p.m.

For updates on A-State events, please check the university’s official website AState.edu or social media feeds, Facebook.com/ArkansasState or @ArkansasState on Twitter.

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What is a Federal Direct Student Loan?

The Federal Direct Student Loan is available from the U.S. Department of Education. The loan proceeds are delivered to the school for eligible students and is available to both undergraduate and graduate students to help pay for their educational costs. ASU disburses the loans after they have been approved and processed and classes have begun.

How to apply for a Federal Direct Student Loan

  1. Complete the Free Application for Federal Student Aid (FAFSA). ASU’s school code is 001090.
  2. Complete the Entrance Counseling at studentloans.gov
  3. Complete the Subsidized/Unsubsidized Master Promissory Note at studentloans.gov
  4. Loans must be accepted online by logging into Banner Self Service through mycampus.astate.edu
  5. Loans will be disbursed directly to your ASU Student Account

Note: Students must complete the FAFSA every year to continue to apply for a Federal Direct Student Loan.

The Subsidized Federal Direct Student Loan

Beginning July 1, 2012, only undergraduate students are eligible for Federal Subsidized Loans.  Graduate students are no longer eligible to receive this type of loan.  Eligibility for subsidized loans is based on financial need as determined by federal guidelines. A loan is called "subsidized" because the government pays interest for the student during:

At least half-time enrollment (6 or more hours) with A-State (Dual Enrollment hours will not count) and the six-month grace period after the student ceases attendance on at least a half-time basis.

The Unsubsidized Federal Direct Student Loan

This type of loan is available to students regardless of income or need. With an unsubsidized loan, you are responsible for all interest that accrues during in school, grace and deferment periods. You may choose to pay the interest portion only while in school, which would keep your loan balance at principal. If you choose to defer such payments, the interest will be capitalized.

At least half-time enrollment (6 or more hours) with A-State (Dual Enrollment hours will not count) and the six-month grace period after the student ceases attendance on at least a half-time basis.

What is a master promissory Note?

A master promissory note is a signed agreement promising payment of a sum of money, i.e. by signing a master promissory note for a federal direct loan the student is agreeing to repay their loan proceeds to their designated servicer. Complete your master promissory note at studentloans.gov.

Why must a student complete an entrance interview?

The Entrance Interview provides the student detailed information on the Federal Direct Student Loan Program. It is very important for the student to understand their rights and responsibilities when borrowing money for school. Complete your Entrance Interview at studentloans.gov.

How much can I borrow?

Check out the Federal Student Aid Direct Loan website for information regarding loan amounts.

Check on your Federal Loans

Information regarding your federal students loans is transmitted to the National Student Loan Data System (NSLDS). You can login to view your loan information at https://www.nslds.ed.gov/nslds/nslds_SA/

When do I begin to repay my Federal Direct Loans?

Each student is given a period of time before loan repayment begins; this is called a “grace period”. The federal direct loan grace period is six months after the student graduates, leaves school, or drops below half time status. Once a student exceeds their grace period, they must begin loan repayment. Federal direct loans are repaid to the holder of the loan, with 10-25 years to repay, depending on the total amount the student has borrowed.

For additional information login to www.studentaid.ed.gov.