Sign a Master Promissory Note and Complete Entrance Counseling

Loans are not automatically included in a student's financial aid package.  An online loan request must be completed and submitted.  A link to the online loan request is now available on your Peoplesoft Self Service under finances/loan request.  If you would like to request a loan, click on this link and follow the instructions.  Please allow up to 10 business days for the loan to show on your account once you have made the request.  

For new borrowers, before accepting your loan you must sign a Promissory Note and complete Entrance Counseling. The Promissory Note, Entrance and Exit loan counseling is available at on the website. You will become acquainted with your lifetime loan limit amounts on these sites and are responsible for knowing how much you have borrowed throughout your education.  As these are loans and must be repaid, consider the needed loan amount very carefully.

Direct Loans are low-interest loans for students and parents to help pay for the cost of a student's education after high school. The lender is the U.S. Department of Education (the Department), though the entity you deal with, your loan servicer, can be a private business.

With Direct Loans, you

  • Borrow directly from the federal government and have a single contact—your loan servicer—for everything related to repayment, even if you receive Direct Loans at different schools.
  • Have online access to your Direct Loan account information via your servicer's website.
  • Can choose from several repayment plans that are designed to meet the needs of almost any borrower, and you can switch repayment plans if your needs change.

To be considered for a loan, you must first complete the FAFSA , be enrolled at least half-time (6 credit hours), and demonstrate financial need. The college must determine your eligibility for a Federal Pell Grant before you may receive a Direct Subsidized Loan or Direct Unsubsidized Loan.  The college is also required to determine your eligibility for Direct Subsidized Loan before determining your eligibility for a Direct Unsubsidized Loan.

Visit the National Student Loan Data System (NSLDS®) to view information about all of the federal student loans you have received and to find contact information for the loan servicer or lender for your loans. You will need your Federal Student Aid ID to access your information.  Consider the lifetime limits placed on all federal aid in accepting any award.  If you have received student loans from another federal student loan program, you are responsible for informing your college and your lender of your other student loans.  In some cases, you may not be eligible for loans for which you have applied. 

Repayment of the loan begins six months after the recipient graduates, leaves the college, or goes below half-time.