If you complete the Financial Aid Free Student Application (FAFSA), you are considered for all of the following loans, grants, and other programs.
Direct Lending - Fall 2010 and Beyond
If you are working on completing the requirements for a new Direct Loan for Fall 2010 or beyond, please log in to studentloans.gov to complete your new loan entrance counseling and new Direct Loan Master Promissory Note (MPN). If you received an email or a postcard from us, you need to complete these new requirements at this website.
If you believe you have already completed these requirements, you may log in to studentloans.gov and view your completed MPN's and previously completed loan entrance counseling. This will let you know if you have completed the requirements or not.
Federal Subsidized Stafford Loan
A "SUBSIDIZED" loan is awarded based on financial need as determined by your FAFSA. You will not be charged any interest before you begin repayment or during authorized periods of deferment.
Federal Unsubsidized Stafford Loan
An "UNSUBSIDIZED" loan is not awarded based on need and is considered a last resort type of funding. You must first file a FAFSA to eliminate your eligibility for other types of funding. You will be charged interest from the time the loan is disbursed until it is paid in full. If you allow the interest to accumulate, it will be added to the principal amount of your loan at the time of repayment and additional interest will be based upon the higher amount, resulting in a higher repayment amount.
PLUS (Loans for Parents)
PLUS loans enable parents with good credit histories to borrow to help pay the education expenses of each child who is an eligible dependent undergraduate student enrolled at least half-time (6 credits).
PLUS loans are not awarded based on need and are considered a last resort type of funding. Before a parent may request a PLUS loan, you must have completed a FAFSA and your financial aid file must be complete as well. To apply, please complete BOTH of the following documents.
- Complete the PLUS Master Promissory Note (MPN) form on-line.
- Print, complete and return the Request for Parent PLUS Loan form.
- PLEASE NOTE: THIS SECTION IS CURRENTLY UNDER CONSTRUCTION
Alternative (Private) Loans
On rare occasions, you may look for additional loans on top of Stafford and PLUS loans. We always suggest caution in pursuing alternative loans, as these loans are not backed by the Department of Education.
The lenders who provide these loans may change terms and conditions according to their own policies and procedures, and the interest rates are usually variable and dependent on credit scores.
Loan Entrance Counseling Session
If you are a loan recipient you must complete a Loan Entrance Counseling Session prior to receiving your first loan disbursement.
For your convenience, the Loan Entrance Session is available anytime via the Internet at Loan Entrance Counseling.
Once you have completed the online Student Loan Counseling Session, the information will be sent via e-mail to the Financial Aid Office. Your check will be applied to your student account and a refund sent to you via mail within a week if applicable.
Loan Exit Counseling Session
If you received a loan you must complete a Loan Exit Counseling Session if you drop below half-time enrollment, withdraw, or graduate.
For your convenience, the Loan Exit Session is available at Loan Exit Counseling. You may access this session anytime, anywhere.
Once you have completed the online Exit Loan Counseling Session, the information will be sent via e-mail to the Financial Aid Office. This information will be forwarded to your Guarantee Agency as per Federal Regulations.