All Summer 2013 Loan Requests should be submitted no later than June 15, 2013
As of July 1, 2013, the origination fee on all Federal Unsubsidized Loans will increase from 1% to 1.051%. Therefore, students should complete all the requirements to receive your summer loan(s) before June 15, 2013. This legislation was part of the federal Sequester budget cuts that went into place on March 1, 2013.
In addition, loans processed after July 1, 2013 will be more at risk of being delayed because they will be processed manually with the Dept. of Education.