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Student Financial Services

ANNOUNCEMENT FROM PRESIDENT BIDEN

President Biden released an announcement on August 24, 2022 that affects nearly all student loan borrowers, current and past. Please see the key points below and the Department of Education link (https://studentaid.gov/debt- relief-announcement) for more information.
  • The Student Loan Cancellation applies to current and past students, but ONLY applies to loans FIRST DISBURSED prior to June 30, 2022. Current student loans for the 2022-23 school year do not count.
  • Please note, students will be required to apply to receive the student loan cancellation; however, we are unaware when this link will be made available. Student Financial Services will send out a notification with the link once we know the application is available.
  • This is a ONE-time student loan cancellation. There are no plans to cancel student loan debt in the future.
  • There are other limitations on which loans qualify, so please read the information in the link below.
  • For students currently in repayment, President Biden extended the repayment pause through the end of December 2022, so your payments should begin again in January 2023.
  • A new Income-based repayment plan will be implemented as well beginning in 2023.  Refer to the link below for more information.
The most up-to-date information on this can be found at https://studentaid.gov/ debt-relief-announcement, which is direct from the U.S. Department of Education. Rather than call Student Financial Services for information, please refer to the link as it will have the most up-to-date information, so please check back there often.  Also, If you would like to be notified by the U.S. Department of Education when the application is open, please sign up at the Department of Education subscription pagehttps://www.ed.gov/ subscriptions
 

Dedicated to You

The Office of Student Financial Services at the University of Central Missouri is committed to helping you achieve your academic goals. We are your go-to source for everything related to financing your education. We will guide you through applying for the FAFSA, help you understand the different types of aid, direct you to scholarship options and provide the resources you need to make educated financial decisions.

Prepare for Financial Success

From self-guided tools to speaker-led presentations, Student Financial Services gives you the resources you need to be financially successful.

Learn More

 

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The Office of Student Financial Services provides financial resources and counseling to assist students in achieving their academic goals. Our staff is committed to serving students in a compassionate and ethical manner while maintaining the highest levels of professionalism and compliance.

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