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Tax & Loan Information
Education Tax Benefit Information
The College is concerned that our students and parents have the necessary information to take advantage of these credits to assist with the expenses of higher education. To do this, we send each January in addition to the information required by the Internal Revenue Service, a summary statement of account for the past calendar year grouped in a way to assist with the calculation of the tax credit, along with the IRS form and instructions for including the credit with the 1040. Some other useful information in understanding this credit:
Loan Information
For information on your loan, please contact the provider listed below. Information on different loans available and applying for loans is available at the Financial Aid Office:
- Perkins
- The Perkins loan agreement is between the College and the borrower directly.
- The College utilizes an outside processor, University Accounting Services (UAS) to service these loans. UAS provides information on student loan interest and payment directly to our borrowers.
- Department of Education - the Perkins loan program is a federal program. Here you can find information on:
- Schell, Henry Strong, Martin Luther King, Caldwell and Hemphill loans
- These loan agreements are also made between the College and the borrower directly.
- UAS also services these loans and provides information on interest and payment.
- Stafford and PLUS loans
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- Stafford and PLUS loans agreements are between a lending institution and the borrower.
- Most of the loans utilized by Muskingum students are serviced by Sallie Mae or Great Lakes Educational Loan Services. Here you can get information about repayment, consolidation and other questions.
- To determine which organization services your loans, refer to your Master Promissory Note [MPN] or contact the Financial Aid Office.
- Alternative Loans
- Any provider of loans are acceptable to the College. Some of the providers are listed on the Financial Aid Office pages. The College will accept payment from any provider as long as payment is received within the payment due dates. Other arrangements must be approved by the Business Office as specified on the Student Accounts pages.
Other information
The Business Office staff also gives talks to both seniors and first year students on managing money. Here are some useful links, including links to a new ad campaign on saving called "Feed the Pig".
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