Interest rates and loan fees on Direct Loans are scheduled to increase on July 1 for summer semester loans.

• Interest rates for subsidized loans: 3.4% to 6.8%
• Loan fees for Direct Loans: 1.0% to 1.051%
• Loan fees for Direct PLUS loans: 4.0% to 4.204%

In order to receive the lower interest and loan fee rates, you must respond to your summer eFAAN by June 15 and complete your promissory note by June 28.

May/summer 2013 financial aid will disburse to student accounts beginning after 5 p.m. on Monday, June 10 and will continue throughout the term. Remember that disbursement is an ongoing process and your aid will not disburse all at once.

If you have received a MN State Grant in previous terms and think you may be eligible for summer 2013, your 2012-13 Free Application for Federal Student Aid (FAFSA) must be received by the federal processor by Wednesday, June 26.

Effective July 1, 2013, the cost of all transcripts, regardless of ordering method or format, will increase from $12 per transcript to $15. Some delivery fees are also increasing. The International Priority delivery fee for transcripts and duplicate diplomas will increase from $20 to $25 for each address.

Want to know how much tuition is during May/summer term? Check out the College of Continuing Education’s website for updated summer tuition rates.