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WHAT'S NEW		OFFICE INFORMATION
NEW: Additional Unsubsidized Stafford Loan in the amount of $2000 is now available to students. Students awarded before June 1, 2008 should fill out the Authorization Form. Continuing students are currectly being awarded. Please check your Otis email for notification and the online process for accepting and declining your award. FALL 2008 continuing students must have either a payment plan or Financial Aid in place by June 2, 2008		Hours: Mon-Fri 8:30am - 5pm Tel no: 310-665-6880 Fax no: 310-665-6884 E-mail: otisaid@otis.edu
		ANNOUNCEMENT
		The Financial Aid Office have finished awarding the Otis Scholarship for Excellence. We have sent an email to students who will be receiving the award. You can also check Self Service if you have been awarded.
QUICKLINKS
www.pin.ed.gov - You need this to sign your FAFSA www.fafsa.ed.gov - Your start to federal aid Private Loans Links: See loans on menu for info. Key Bank Chase Education Finance Partners

RATE WATCH (effective 07/01/2008)
Fixed Rates- Loans made from 7/1/06 to present Undergraduate: Subsidized stafford: 6.0%* Unsubsidized stafford: 6.8% Parent PLUS Loan: 8.5% Graduate: Subsidized stafford: 6.8% Unsubsidized stafford: 6.8% Graduate PLUS Loan: 8.5%		Variable Rates- Loans made from 7/01/98 to 06/30/06 Subsidized Stafford Loan (in Deferment/Grace) 3.61% Subsidized Stafford Loan (in Repayment/Forbearance) 4.21% Parent PLUS Loan: 5.01%
*Undergraduate Subsidized Stafford loan interest rate be lowered according the the following schedule: 5.6 percent for loans first disbursed July 1, 2009 to July 1, 2010 4.5 percent for loans first disbursed July 1, 2010 to July 1, 2011 3.4 percent for loans first disbursed July 1, 2011 to July 1, 2012

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Emergency Procedures

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