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ETSU Quillen College of Medicine
Office of Financial Services
Welcome to the ETSU Quillen College of Medicine Office of Financial Services website. We trust that this web site will prove helpful to students applying to or attending the Quillen College of Medicine. Please use the links on the sidebar for assistance with your financial aid application process.
What's new with Financial Services?
The AAMC FIRST website has posted information which discusses the eligibility requirements for obtaining forgiveness under PSLF, a numerical breakdown of the possible payment and forgiveness amounts that could be experienced while seeking Public Service Loan Forgiveness and the implications regarding changes.
Federal Direct Loan Origination Fee Changes
Due to the Federal Sequester, any new federal loan requests that disburse for the first time on or after October 1, 2016 will receive the new origination fee of 1.069% for the Direct Unsubsidized Loans and 4.276% for the Direct Graduate Plus Loans. Loans that were disbursed prior to October 1, 2016 will retain the original 2016-2017 academic year origination fee of 1.068% for Direct Stafford Loans and 4.272% for Direct Graduate Plus Loans.
The 2016-2017 (thru June 30, 2016) Federal Student Loans' interest rates for graduates and professionals:
5.31% for Direct Stafford
6.31% for GradPlus
It is time to file your 2017-2018 FAFSA!
If you are a newly accepted student or a returning student, complete your FAFSA now and be prepared.
AAMC Student Loans and Debt Management Exit Interview Presentation.
Public Service Loan Forgiveness
Please register for the Public Service Loan Forgiveness WebEx which will provide valuable information for graduates with federal student loan indebtedness.
The Department of Education has released its Employment Certification for Public Service Loan Forgiveness forms.
Medloans Organizer and Calculator
The new MLOC is specially designed for medical students and residents to track loans and customize repayment plans.
We're now on Facebook! Become a Fan and receive important financial aid information, date reminders and updates.
Fraudulent Student Loan Site Steals Identities
"Fake accounts for student lending giant Sallie Mae are popping up all over Instagram in an attempt to steal student identities, according to Scambook, a website dedicated to detecting bogus sites and warning consumers about using them," CBS MoneyWatch reports. "The fake Sallie sites have a timely and attractive pitch: Due to the government shutdown, indebted graduates can apply for a loan "forgiveness" program that would wipe away their debt. However, students who attempt to be among the first 150,000 to take the bogus sites up on the offer are asked to provide private information, such as birth dates and Social Security Numbers, allowing the sites to steal their identities, according to Scambook. The real Sallie Mae has no Instagram presence and has been posting repeated messages this week on its real Facebook account warning consumers that it is not on Instagram, and it does not ask for personal information via social media. Anyone who bought into the fake site's claims and plugged in personal information should quickly put a fraud alert on their credit file by either calling the three major credit bureaus: Experian (888-397-3742); Equifax (800-525-6285) and/or TransUnion (800-680-7289) or by visiting their websites or annualcreditreport.com. The fraud alert will stop creditors from granting new credit on your file for 90 days."
NASFAA's "Financial Aid in the News" section highlights media coverage of financial aid to help members stay up to date with the latest news. Inclusion in Today's News does not imply endorsement of the material or guarantee the accuracy of information presented.
Publication Date: 10/10/2013
The QCOM Office of Financial Services is a member of the National Association of Student Financial Aid Administrators (NASFAA) and therefore adheres to NASFAA’s Code of Conduct for Institutional Financial Aid Professionals.