Federal Direct Loans
Due to the recent enactment of a new federal law, the Health Care and Education Reconciliation Act of 2010, all colleges and universities must use the William D. Ford Federal Direct Loan program for new federal student loans starting July 1, 2010. In this program, students borrow loan funds directly from the federal government. Up to this point, our school has participated in the Federal Family Education Loan Program, or FFELP, through which our students and parents were able to select the lender to fund their Stafford and Plus Loans.
As a result of having new loans under the Direct Loan Program and previous loans under the FFELP, you and your parents may owe payments to two or more different entities. We in the financial aid office will work with you prior to graduation to ensure that you understand your choices when it comes to repaying your loans. . You also may check your loan balances and loan holders/servicers by logging on to the National Student Loan Data System, at http://www.nslds.ed.gov/, using the same PIN that you used for the FAFSA and the MPN. Financial Aid Office Staff are also available to discuss repayment options.
Samuel Merritt University wants students to be aware that student loan funding remains available for educational needs. Students will receive instructions either via email or regular mail.
The Financial Aid Office has Moved!
The Financial Aid Office has moved to a new location. Our new address is 3100 Telegraph, Suite 1100. We are now located adjacent to Admission Office.