As a result of the Health Care and Education Reconciliation Act, beginning July 1, 2010, federal student loans will no longer be made by private lenders under the FFEL program. Instead, all new federal student loans will come directly from the U S Department of Education under the Direct Loan Program.
Students who previously received a federal student loan from a private lender under the FFEL Program will need to complete a new promissory note to receive loans under the Direct Loan Program.
How Do I Get a Student Loan?
- You must complete a FAFSA (Free Application for Federal Student Aid) application
- If you have not already done so, you can apply online at https://fafsa.ed.gov
- NOTE: Student and parent (if student is dependent) need a PIN (Personal Identification Number) from the Department of Education to sign their FAFSA application electronically. During the FAFSA application you may request a PIN or retrieve a PIN you may have forgotten or go to https://pin.ed.gov.
Loan Processing Form
- If you are eligible for a student loan (Federal Direct Loan) this will be indicated on your financial aid award letter
- A Loan Processing Form will be enclosed with the award letter
- Read and review the Loan Processing Form.
- IMPORTANT: No loans can be processed until you accept the loan in Banner Web for students.
Accept or Decline a Student Loan
- The interactive entrance counseling session will help you to understand the responsibilities that come with your student loan. It must be completed prior to receiving loan funds for FIRST time borrowers.
Begin Entrance Counseling Process Now (Click on the green SIGN IN button and use your federal PIN to sign in)
Master Promissory Note (MPN)
- This is a legally binding contract you sign, agreeing to repay the Stafford Loan money you have borrowed.
- NOTE: Your Federal PIN is needed as a signature for your MPN.
Master Promissory Note
(Click on the green SIGN IN button and use your federal PIN to sign in)
When you graduate, or drop below half-time attendance, you are required to complete exit counseling. This interactive counseling session will help you plan for the repayment of your student loans.
Begin Exit Counseling Process Now