Information for Parents of Undergraduate Students
The Cost of Attendance is the estimated fees and expenses based on the living arrangements of a full-time student. More information regarding the estimated Cost of Attendance can be found here.
Because undergraduate costs can be significant, the Southern Miss Office of Financial Aid is here to assist your family with meeting your student's educational expenses. In addition to your student's federal grants and Federal Direct Stafford Loans, you may also want to consider borrowing a Federal Direct PLUS Loan when deciding how your family will finance your student's education. Federal Direct PLUS Loans are low-interest unsubsidized loans for parents to help pay for the cost of a student's education after high school. In order to apply for a Federal Direct PLUS Loan, you must visit www.studentloans.gov.
There are two types of Federal Direct Loans and your student's eligibility is determined after their Free Application for Federal Student Aid (FAFSA) has been reviewed.
- Direct Subsidized Loans are interest-free while your student is enrolled in college at least half-time and during a six-month grace period after your child leaves school.
- Direct Unsubsidized Loans accrue interest while your student is enrolled in college. The student can choose to pay the interest each month while in school or allow the interest to accumulate.
Loan-borrowing limits for each academic year are dependent upon your student's class level and can be found here.
Each year the U.S. Department of Education randomly selects a percentage of our student population for a process called verification. If your student is selected for verification, you are encouraged to submit the requested documentation to the Southern Miss Office of Financial Aid in a timely manner. Not doing so could cause a delay in your student being awarded financial aid.
The University of Southern Mississippi's Office of the University Registrar posts the university's policies regarding privacy of student information under the Family Educational Rights and Privacy Act (FERPA). FERPA regulations forbid the Southern Miss Office of Financial Aid from disclosing any student's financial aid information to parents unless the student provides written consent.