This low-interest loan program was established by the federal government in an agreement with Michigan State University. All awards are based upon the availability of funds.
Loans must be used for legitimate educational purposes such as room, board, tuition, and books. Eligibility is determined by a uniform method of needs analysis through the submission of the Free Application for Federal Student Aid (FAFSA). Automatic consideration is given to financial aid applicants who demonstrate financial need. Students must normally be enrolled on a full–time basis to receive a loan.