
If you accepted a loan on your Award Letter, 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:
Students can now apply for instant pre-approval for the Grad PLUS loan online. To apply for the Federal Grad PLUS loan, click on this link: Grad PLUS Pre-Approval and MPN. The Financial Aid Office will be notified of the credit decision. If the application is approved, the Financial Aid Office will certify a Grad PLUS loan. For more information about the 2011-12 Grad PLUS loan or to complete a paper application, click here. For more information about the 2012-13 Grad PLUS loan or to complete a paper application, click here.
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.
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.