When considering a loan: Loans are available to students and parents to provide them with funding after all other financial aid options have been reviewed. Unlike other financial aid such as scholarships, awards and grants, loans are borrowed money that must be repaid with interest. Do not borrow more than you need!
Federal Stafford Loan
Federal Stafford Loans are low-interest, long-term loans. Both subsidized and unsubsidized Federal Stafford Loans have the same terms and conditions, with one exception: Unsubsidized loan borrowers are responsible for interest that accrues during all in-school, grace and deferment periods; for subsidized loans, the federal government pays the interest on behalf of the borrower. In order to be eligible for Stafford Loans, a student must file the FAFSA.Master Promissory Note
If you accepted a Stafford loan on your award letter, then you may complete your Master Promissory Note at www.studentloans.gov. Your Federal PIN will be required. If you do not complete your Master Promissory Note now then you will receive notification to complete it before the start of the school year. Please complete the Master Promissory Note immediately following that notification.
Entrance Counseling
Stafford Loan Entrance Counseling is required by Department of Education guidelines for all first-time student loan borrowers, including transfer students. You must complete "entrance counseling" before your Stafford Loan funds will be disbursed.
- Complete your Entrance Counseling at www.studentloans.gov. Your Federal PIN will be required.
Please visit www.studentaid.ed.gov for a complete student guide on all financial aid programs from the U.S. Department of Education.
