CAL GRANT Students First Alliance
Effective Fall 2012 the state of California has proposed a Cal Grant reduction of 44% of the maximum award. This is over $4000. The proposed reduction will have a direct impact on SMU students and any student who is enrolled at an independent non-profit school. AICCU is inviting all students and staff from California schools to the capital on March 7th to lobby and have an opportunity to express the need for Cal-grant. Given the importance of this matter, John Garten-Shuman, the VP of Enrollment Student Services and a few staff from the Financial Aid Office will be attending and would like to invite you to join us. Depending on participation, transportation may be provided and AICCU will be providing lunch. If you are interested in helping save Cal- Grant please RSVP to me by Friday March 1st . Attached you will find a statement of support and a student tool kit on how to get involved. Please visit the Students First Alliance Facebook page for more details.
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 may also check your loan balances and loan holders/servicers by logging on to the National Student Loan Database 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.