Eileen Flood serves as the Director of Financial Aid. In her role she oversees the financial aid operational division of the Office of Student Financial Services and is responsible for ensuring institutional compliance with all federal/state legislation and regulations.
Good News for Federal Student Loan Borrowers
September 4, 2013
The Bipartisan Student Loan Certainty Act of 2013 amends the Direct Loan interest rate section of the Higher Education Act. The new law provides a new formula for the determination of interest rates for all Direct Loan types.
Interest rates will be determined each year for which the first disbursement is on or after July 1st through the following June 30th. Interest rates will be the sum of a uniform “index rate” plus and “add-on” that varies depending on the type of loan and the borrower’s grade level. Once an interest rate is established it will apply for the life of the loan.
For all loans first disbursed after July 1, 2013 and before July 1, 2014 the interest rates are as follows:
Direct Subsidized Undergraduate Loan 3.86%
Direct Unsubsidized Undergraduate Loan 3.86%
Direct Unsubsidized Graduate Loan 5.41%
Direct PLUS Loans (Parent & Graduate) 6.41%
Please visit our website at www.stjohns.edu for more information regarding Federal Direct Loans.
Award Letters Are In The Mail!
March 21, 2013
The Office of Student Financial Services kicked off the new 2013-2014 year by sending out over 12,000 Award Letters to new students.
Students do not have to wait to receive their Award Letters in the mail ,they can immediately view them online via their personal UIS accounts. To log on go to www.stjohns.edu and from the bottom tab click on UIS.
A college education is a major investment so take the time to review, weigh and consider all financial aid award offers. Compare the Direct Cost and gift aid offered and consider the payment options like loans and payment plans.
A Step Toward the Future
January 18, 2013
For Seniors in High School it is time to look toward the future. Planning for College is exciting, there is so much to think about so many opportunities to consider and explore.
One important step toward that future is filing the Free Application for Federal Student Aid (FAFSA).
Students are encouraged to file a FAFSA. Not filing the FAFSA may unnecessarily limit opportunities since most forms of financial assistance are based on the federal application. Students can complete this application online at www.fafsa.ed.gov
The FAFSA online process walks students and families step by step through the application and provides help along the way. The application is free so the only cost is in time and it is time well spent. Avoid limiting opportunities and complete your FAFSA application today!
Thankfully Moving Forward
November 20, 2012
So much has happened since my last blog and that perfect fall day. Superstorm Sandy brought a great deal of change and devastation very quickly. As Thanksgiving approaches, like many, I find myself reflecting on all that I have to be thankful for and one thing I am truly thankful for is that I belong to a community, like St. John’s, that at times of difficulties pulls together to help and support each other while always looking forward.
Last weekend the University held an Open House. The students who attended represent our future and they reminded me of the promise that the future holds. So I encourage all High School Seniors and their families to do the same: look toward the future. One way to prepare for a future as a college student involves learning all you can about the various Colleges and the variety of ways in which a college education can be financed. Visit our websitehttp://www.stjohns.edu/services/financial , watch Financial Aid TV, a new way to learn about financial aid, and visit the Federal Student Aid website www.studentaid.gov to learn about the various federal aid programs and the federal financial aid process.
My thoughts and prayers remain with all those impacted by the storm. Together, slowly we all move forward.
A Perfect Fall Day
School is in full swing and it is one of those perfect Fall days. New York is often thought of as a crazy, busy place, and at times it can be. But there are days like today, at places like St. John’s, when the weather is just right, the surroundings are so beautiful and a entire community simply enjoys a quite day. So for today no notices or reminders simply a pause to reflect on a perfect Fall day.