Family Handbook 2017

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• Subsidized Stafford Loan
This is a federal loan based on financial need and borrowed for the purpose
of attending college or an eligible training program. The federal government
pays the loan’s interest while the student is enrolled at least half time.
• Unsubsidized Stafford Loan
This is a federal loan available to students, regardless of financial need,
which is borrowed for the purpose of attending college or an eligible training
program. The federal government does not pay the interest while a student
is in school, but it is not necessary to demonstrate financial need.
• Parent Loan for Undergraduate Students (PLUS)
These federal guaranteed loans are available for parents of undergraduates.
• Master Promissory Note (MPN)
This form promises repayment and is signed by a student or parent when
taking out a PLUS or Stafford Loan.
Resources
PARENT TESTIMONIAL
“I have been so impressed
by how helpful and
accommodating the different
administrative departments
on the Clemson campus
have been to me as a parent.
Whether it be answering
a question concerning my
daughter’s tuition bill or
addressing concerns about
her transitioning to college,
everyone I have dealt with
has gone out of their way
to be friendly and to take
time to help.”
Linda Davidson
Annandale, Va.
How You Can Support
Encourage your student to apply for Federal Work-Study, a program
that provides jobs for students with established financial need through
submission of the FAFSA. Students qualifying for Federal Work-Study can
contact the Office of Financial Aid for these employment opportunities.
Encourage your student to get connected. The Office of Financial Aid
assimilates program/event information and helpful advice on Facebook
(search for “Clemson University Student Financial Aid”) and Twitter
(follow @ClemsonFinAid ).
Encourage your student to be proactive. Clemson University’s Office
of Student Financial Aid presents a Financial Awareness Week biannually.
This week is filled with seminars focused on teaching students how to fill
out the FASFA, connecting students with open scholarships and how to
budget for the future.
Encourage your student to plan in advance. Some scholarships are
awarded for only the first year of college, while others are open for
application throughout the year. The Office of Financial Aid provides
resources and search engines on their website to connect students to
open scholarships. Encourage your student to familiarize themselves
with these resources to make the financial aid process less stressful.
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