Student Federal Stafford Loans
Undergraduate/Day Program
If you accepted a loan on your Award Letter, there are several steps that need to be completed prior to your loan(s) being disbursed to your tuition account.
- Choosing a lender
- Completing Loan Entrance Counseling (for first time federal loan borrowers)
- Completing the Master Promissory Note (MPN)
This streamlined process to complete the above steps is available by clicking on Federal Stafford Loan Process below. At this web address you also will be able to view a list of our recommended lenders and compare detailed information by lender regarding loan fees and repayment incentives. Our recommended lenders are: Anchor Bank, Chase Bank, Citibank, edamerica, and Wells Fargo Bank. You have the right to choose a lender that is not on our recommended list.
Federal Stafford Loan Process
Exit Counseling
Federal regulations require students who have borrowed through a federal loan program to participate in an exit counseling session after they are no longer enrolled. You may complete this requirement on the Internet by clicking here.
Parent Federal PLUS Loan
(This applies to the 2009-10 year only. The Parent Federal PLUS loan process for 2010-11 is to be determined.)
The Federal Parent PLUS Loan provides loans to parents of dependent students attending post-secondary schools. All loan funds received under the program must be used to pay for the cost of attending a post-secondary school.
Parents can now apply for instant pre-approval and complete the Master Promissory Note for the PLUS loan online. The Financial Aid Office will be notified of the credit decision. If the application is approved, the Financial Aid Office will certify a PLUS loan after this form is returned to our office. If a parent is denied a PLUS loan, the student's financial aid package will be reviewed to determine if there is additional Stafford loan eligibility. A revised award will be completed.
