Check out upcoming deadlines, prepare for the December 31 restart of payments on federal student loans, learn about financial aid credit balances for students studying off campus in the spring.
2023-2024 financial aid applications
The 2023–24 FAFSA and CSS Profile applications open on October 1, 2022. Students applying for institutional need-based financial aid should submit both applications by November 30, 2022.
Prepare for Federal Direct Loan interest and loan payments to resume in January 2023
At the beginning of the COVID-19 pandemic, payments for federal student loans were paused and interest rates temporarily set to 0%. Payments on federal student loans will restart after December 31, 2022. Here are some tips to prepare for this transition.
• To make the transition to making payments easier, confirm that your contact information is up to date with your federal student loan servicer. You can view the federal student loan servicer assigned to your loan by logging into studentaid.gov with your FSAID and password. Your loan servicer information will be listed, including their contact information.
• Will you need a lower monthly payment when payments restart? Consider what your circumstances will be after December 31, 2022, and see if you want to make a change. Use the Loan Simulator to find a repayment plan that meets your needs and goals.
• Beware of federal student loan repayment scams! You never have to pay for help on navigating federal student loan repayment. If you have questions or need help with student loans, you can contact your loan servicer directly, or Colgate’s Financial Aid Office for assistance.
• Find more tips in the U.S. Department Of Education’s article “6 Ways to Prepare For Student Loan Repayment To Begin Again.
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Spring 2023 Off-Campus Study Programs
For students participating in Spring 2023 Off-Campus Study Programs, credit balances from excess financial aid can be refunded two weeks prior to departure date. If there is an anticipated credit on the spring bill, contact the Office of Student Accounts at stuaccounts@colgate.edu to request an early release of the credit balance.