Student & parent loans
- General loan requirements/regulations
- Understanding your loan choices
- Alternative or private loans
- Notice of disbursement and right to cancel a federal Stafford, Perkins or PLUS loan
Introduction to the student loan process
(It is very important to read this before you complete the student loan process.)
If you're just beginning your college career, we want you to know that the Office of Financial Aid is dedicated to assisting you in making the right decisions regarding your college financing. Thoughtful planning and informed decision making now will benefit you throughout your college career and beyond.
The financial aid office strongly encourages all new student loan borrowers to utilize the Federal Direct Loan Program. 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 rather than a bank or other financial institution.
Students wishing to apply for a Stafford Loan must complete a Direct Stafford Loan Master Promissory Note (MPN). Your signed MPN is valid for a ten-year period and enables you to borrow subsequent loans under the same note without requiring you to complete a new loan application each year. If you have previously borrowed a student loan, your borrower rights and responsibilities remain unchanged and you are responsible for repaying your entire student loan obligation.