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Welcome to the Office of Scholarships
and Financial Assistance
At Northwest Missouri State University, we know that the importance of a quality education in today's world is a major investment. We are committed to providing a high quality education at a competitively affordable cost. New loan changes may benefit Northwest borrowers for 2008-2009.
Loan Changes for 2008-2009
President Bush signed into law the Ensuring Continued Access to Student Loans Act of 2008 (H.R. 5715) on May 7, 2008. The bill makes significant changes to federal student programs, including several that could help Northwest students and parent loan borrowers this fall.
The law makes these federal student aid changes effective July 1, 2008:
- Increases the additional unsubsidized Stafford annual limits by $2,000 for independent undergraduate students, and for dependent undergraduate students whose parents cannot borrow PLUS
- Increases unsubsidized Stafford limits for dependent students by introducing additional unsubsidized amounts of $2,000
- Allows parents to choose to defer payments on a PLUS loan until six months after the date the student ceases to be enrolled at least half time; accruing interest could either be paid by the parent borrower monthly or quarterly, or be capitalized quarterly.
- Increases aggregate loan amounts for undergraduate dependent students from $23,000 to $31,000
- Increases aggregate loan amounts for undergraduate independent students from $46,000 to $57,500
For more information about the new law, please see NAFSAA's news page.
Please contact The Office of Financial Assistance at finaid@nwmissouri.edu or 660-562-1363 for more information and to request a recalculation of your aid offer to include the possible additional unsubsidized loan eligibility for 08-09.
Contact Information
Office of Scholarships and Financial Assistance
800 University Drive
Maryville, MO 64468
Phone: (660) 562-1363
FAX: (660) 562-1674
E-mail: finaid@nwmissouri.edu
Office Hours:
8 a.m. - 5 p.m. Monday - Friday
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