Continuation of Assistance
You must reapply for financial assistance each year after January 1 by completing the Renewal FAFSA by March 15. You should receive an email notice from the federal student aid processing center in December each year. However, if you do not receive this notice, you may also complete a blank FAFSA. Meredith College does not mail a Renewal FAFSA to students. It is a student’s responsibility to reapply for aid each year.
Apply for Federal Direct Loans
The Federal Direct Loan program offers fixed, low-interest rate loans to students without the need for a credit application or cosigner. These loans are issued directly from the federal government to the school and have fixed disbursement amounts. Students who complete the Free Application for Federal Student Aid (FAFSA) are eligible to receive Federal Direct Loans and will receive notification of their maximum eligibility in their financial assistance Statement of Award.
The program offers subsidized and unsubsidized loans.
First-time borrowers or new students must complete Entrance Loan Counseling (ELC) and the Master Promissory Note (MPN) in order for the loans to disburse and post to their account. Note: You will need your Federal Student Aid ID to complete these forms.These only need to be completed once, so returning students do not need to fill this out each year.
Direct Loan Limits
Dependent undergraduate students enrolled in a degree-seeking program may borrow per year up to
The maximum amount a dependent undergraduate student may borrow is $31,000.
Independent undergraduate students and dependent students whose parents have been denied access to a Federal PLUS Loan may borrow per year up to
The maximum amount an independent student may borrow is $57,500.