Wayne State University: Student Financial Aid

Important 2008-2009 Financial Aid Announcement

Effective Fall 2008 Wayne State University is moving from the Federal Family Education Loan Program to the Federal Direct Loan Program. The current financial market climate and reduced federal subsidies have crippled the ability of many private lenders to offer significant borrower benefits and in some instances even remain in the student loan industry. The university has responded to these ongoing changes by taking measures to protect the interests of its students.

The Federal Direct Loan Program will provide students with a simple process to secure loan funds to cover their educational expenses. Loan funds will be borrowed directly from the U.S. Department of Education.

For the 2008-09 academic year, all students who wish to borrow Federal Stafford and Graduate PLUS loans will be required to complete Federal Direct Loan Master Promissory Notes. First time loan borrowers will also be required to complete online Entrance Loan Counseling.

Be aware, that over the short term, you will see changes in your awards visible in Pipeline. This is a necessary step in WSU's transition to Direct Loans. The Office of Student Financial Aid will send out email notifications to students within the next few weeks with detailed instructions to secure their Federal Direct Loan funds.

For more information regarding the decision to move from the Federal Family Education Loan (FFEL) program to the Federal Direct Loan (DL) program please read the WSU press release.

For more information regarding the decision to move from the Federal Family Education Loan (FFEL) program to the Federal Direct Loan (DL) program please read the WSU Answers your Questions about Federal Loans

Financial Aid Disbursement Information

Contact Information

Telephone:	313-577-3378 Monday through Friday, 8:30 AM – 5:00 PM
Walk-in Hours:	The Welcome Center, 42 W. Warren Avenue. 8:30 AM – 6:00 PM Monday through Thursday and 8:30 AM – 5:00 PM Friday Financial aid representatives are available at the lobby Financial Aid Counter. Counseling is available on a walk-in basis.
Appointments:	Appointments with Financial Aid Administrators can be scheduled through a financial aid representative at the Financial Aid Counter in the lobby of The Welcome Center, 8:30 AM to 6:00 PM, Monday through Thursday and 8:30 AM to 6:00 PM, Friday. Appointments should be made several days in advance. Appointments cannot be scheduled via e-mail.
E-mail:	financialaid@wayne.edu
Our e-mail is not encrypted. The security of messages transmitted via e-mail cannot be guaranteed. Messages may be intercepted, monitored, delayed, lost, or altered. To assure the confidentiality of applicants' sensitive financial data, OSFA does not provide the status of financial aid applications via e-mail. Please do not include sensitive or confidential information in e-mail messages to OSFA. Due to the potential for virus infections, OSFA does not open e-mail messages that contain attachments. Please submit documents via U.S. postal service or fax.