Processing Loans

Federal Direct Subsidized/Unsubsidized Stafford Loan

Loan Application

Once the student accepts the student loan on the award letter, information concerning signing the master promissory note (MPN) and loan entrance counseling is sent to new borrowers. (Previous borrowers do not have to sign a new MPN)

Certification Procedures

Once the loan award has been accepted by the student, the loan record is transmitting to the Department of Education via COD.

Federal Direct Parent Loan

Loan Application

The parent signs a PLUS Authorization Letter which indicates the amount the parent wishes to borrow. The parent is directed to the federal website to initiate credit approval and to sign the MPN.

Certification Procedures

Once the loan award has been accepted by the parent and the credit has been approved, the loan record is transmitting to the Department of Education via COD.

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