Student/Parent Loans

Undergraduate/Day Program

If you accepted a federal Stafford subsidized and/or unsubsidized loan as part of your financial aid, there are a couple of steps that need to be completed prior to your loan(s) being disbursed to your tuition account.  These steps include completing loan entrance counseling (first-time borrower) and completing the Master Promissory Note (MPN).  All Stafford loans will be borrowed from the U.S. Department of Education through the Federal Direct Loan Program.  Click on the following links to complete the requirement(s) for you Federal Direct Loan: 

  1. Loan Entrance Counseling (for first-time federal loan borrowers)
  2. Master Promissory Note (MPN)

   

Parent Federal PLUS Loan

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 online and complete the Master Promissory Note for the PLUS loan online.  Specific directions are available by clicking here.  If you would like to apply for the Parent PLUS Loan by submitting a paper application rather than applying online, click here for the paper application.  

The Financial Aid Office will be notified of the credit decision.  If the application is approved, the Financial Aid Office will certify the PLUS loan.  If a parent is denied a PLUS loan, the student's financial aid package will be reviewed to determine if there is additional Federal Direct Unsubsidized loan eligibility.  A revised award letter will be completed.
 

Alternative Loans

Students are recommended to exhaust all federal loan options first.  If additional funding is needed, alternative loans are a source of non-federal educational loans available through a variety of national lending institutions.  Minimum and maximum amounts to borrow may vary by program, but all require a satisfactory credit history for approval.  These loans have their own application processes which are available on-line.  Click here for more information.

 

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.  You will need your Department of Education (FAFSA) PIN number to complete exit counseling.