2. 2015-2016 Online Federal Direct Loan Session Subhead *This Session Contains Audio*

3. Key Points How to Apply for a Direct Loan at CSM Eligibility Requirements Loan Entrance Counseling and Master Promissory Note Types of Direct Loans (Subsidized/Unsubsidized) Current Interest Rates Borrowing Limits Terms of Repayment Helpful Websites

4. FAFSA Application www.fafsa.gov CSM School Code 002064

5. Eligibility Students must be enrolled in a degree seeking program and at least 6 credits to be eligible. Please visit the academics page at www.csmd.edu/Academics for a list of eligible programs.www.csmd.edu/Academics Students cannot be in default on a student loan. You can view your current loan status online at www.nslds.ed.gov.www.nslds.ed.gov The National Student Loan Data System (NSLDS) is the U.S. Department of Education's (ED's) central database for student aid. NSLDS receives data from schools, guaranty agencies, the Direct Loan program, and other Department of ED programs. NSLDS Student Access provides a centralized, integrated view of Title IV loans and grants so that recipients of Title IV Aid can access and inquire about their Title IV loans and/or grant data

6. Academic Eligibility Students must be meeting academic standards, which include the following: a minimum GPA, a minimum successful completion percentage and successful progress towards degree completion. www.csmd.edu/Financial/AcademicGuidelines.html

7. Entrance/MPN Once signed in you will be selecting the links to complete your Entrance counseling and your Master Promissory Note Online Sign in to begin your loan process by selecting the green sign in button on the www.studentloans.gov site. www.studentloans.gov

8. Types of Direct Loans Subsidized - loans are need based, which means the Federal government will pay the interest on your loan while you are enrolled in school at half time status. Unsubsidized - loans are not need based, the Federal government does not pay the interest on the loan. Once funding is disbursed you are responsible for paying the interest. Loan Interest Rates by Disbursement Dates Loan Type:Disbursed between July 1, 2015, and June 30, 2016 For current interest rates please visit: www.studentaid.gov

9. Dependent Student You are considered a Dependent student if you are: Born After January 1, 1992 Not Married Not Active Duty or a Veteran of the U.S. Military Do not have children and/or dependents that receive more than half of their support from you. Independent Students To be considered Independent you must meet at least one criteria listed below Born Before January 1, 1992 Married Active Duty U.S. Military Veteran of the U.S. Military Have children or dependents that receive more than half of their support from you. Both parents are deceased or you are ward of the court. Dependency

10. Borrowing Limits

11. Tuition Calculation Worksheet Tuition Calculation Worksheet FY15* Fall 2015-Spring 2016-Summer 2016 No. of In- Combined Total In- Combined Total Out Combined Total Credits County Fee In County** State Fee In State** of State Fee Out of State** 23% 1 115.00 26.45 141.45 198.00 45.54 243.54 256.00 58.88 314.88 2 230.00 52.90 282.90 396.00 91.08 487.08 512.00 117.76 629.76 3 345.00 79.35 424.35 594.00 136.62 730.62 768.00 176.64 944.64 4 460.00 105.80 565.80 792.00 182.16 974.16 1,024.00 235.52 1,259.52 5 575.00 132.25 707.25 990.00 227.70 1,217.70 1,280.00 294.40 1,574.40 6 690.00 158.70 848.70 1,188.00 273.24 1,461.24 1,536.00 353.28 1,889.28 7 805.00 185.15 990.15 1,386.00 318.78 1,704.78 1,792.00 412.16 2,204.16 8 920.00 211.60 1,131.60 1,584.00 364.32 1,948.32 2,048.00 471.04 2,519.04 9 1,035.00 238.05 1,273.05 1,782.00 409.86 2,191.86 2,304.00 529.92 2,833.92 10 1,150.00 264.50 1,414.50 1,980.00 455.40 2,435.40 2,560.00 588.80 3,148.80 11 1,265.00 290.95 1,555.95 2,178.00 500.94 2,678.94 2,816.00 647.68 3,463.68 12 1,380.00 317.40 1,697.40 2,376.00 546.48 2,922.48 3,072.00 706.56 3,778.56 13 1,495.00 343.85 1,838.85 2,574.00 592.02 3,166.02 3,328.00 765.44 4,093.44 14 1,610.00 370.30 1,980.30 2,772.00 637.56 3,409.56 3,584.00 824.32 4,408.32 15 1,725.00 396.75 2,121.75 2,970.00 683.10 3,653.10 3,840.00 883.20 4,723.20 16 1,840.00 423.20 2,263.20 3,168.00 728.64 3,896.64 4,096.00 942.08 5,038.08 17 1,955.00 449.65 2,404.65 3,366.00 774.18 4,140.18 4,352.00 1,000.96 5,352.96 18 2,070.00 476.10 2,546.10 3,564.00 819.72 4,383.72 4,608.00 1,059.84 5,667.84 19 2,185.00 502.55 2,687.55 3,762.00 865.26 4,627.26 4,864.00 1,118.72 5,982.72 20 2,300.00 529.00 2,829.00 3,960.00 910.80 4,870.80 5,120.00 1,177.60 6,297.60 21 2,415.00 555.45 2,970.45 4,158.00 956.34 5,114.34 5,376.00 1,236.48 6,612.48 *Tuition and fees are subject to change without prior notification **This table lists the base price cost and does not include web fees or course fees generated at the section level.

12. Aggregate Loan Limits Maximum Total Debt from Direct Loans Dependent - $31,000 —No more than $23,000 of this amount may be in subsidized loans. Independent - $57,500 —No more than $23,000 of this amount may be in subsidized loans. Note: The maximum total loan limits include any Subsidized Federal Direct Loans or Unsubsidized Federal Direct Loans you may have received.

13. Repayment Repayment begins 6 Months after Program Completion or 6 months after you drop below 6 credits at a college or university. Example Standard Repayment Plan AmountMonthly BorrowedRepayment $1,000-3,499$50 $3,500-5,499$50 $5,500-6,499$63 $6,500-7,499$75 $7,500-9,499$86 $9,500-10,499$109 $10,500-12,499$121 $12,500-19,999$144 $20,000-30,999$230 $31,000-39,999$357 $40,000-56,499$460 $57,500-74,499$662 $75,000-99,999$863 $100,000 +$1,151 +

14. The direct loan process can take 3-4 weeks to process from the date of application submission during peak times. Processing Time Frame

15. Websites Some helpful websites to aid you through the loan process are listed below: www.csmd.eduwww.csmd.edu - CSM Website www.fafsa.govwww.fafsa.gov- Free Application for Federal Student Aid www.studentloans.govwww.studentloans.gov – Direct Loan Management www.nslds.govwww.nslds.gov - National Student Loan Data System www.studentaid.govwww.studentaid.gov – Federal Student Aid

16. Session Review Students Must Complete: FAFSA with the College of Southern Maryland school code listed. CSM School Code 002064 Verification (if selected for that process) Entrance Counseling Master Promissory Note Loan Request Form In addition: Students must be enrolled in at least 6 credits Students must meet and maintain Satisfactory Academic Progress standards Students cannot be in default on a student loan

17. Example Request Form This is a sample only Make sure that you complete the entire application. Do NOT leave anything blank or we will not be able to certify your student loan request.

18. Print Application First – time loan recipients at CSM – click here Previous loan recipients at CSM – click here Please complete the loan application and return it to the Financial Assistance Department by mail, fax or in person. Remember that if at any time if you need to adjust your loan or loan amounts, please visit the financial aid office at the campus nearest you.

19. Questions? Please feel free to contact… Main office: 301-934-7531 Contact Information Thirza Morgan Leonardtown Campus 240-725-5304 Tmorgan@csmd.edu LaShonda Swann Prince Frederick Campus 443-550-6005 lswann@csmd.edu