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Student loans, unlike grants and work-study, are borrowed money that must be repaid, with interest. You cannot have these loans canceled because you didn’t like the education you received, didn’t get a job in your field of study or because you’re having financial difficulty. Loans are legal obligations, so before you take out a student loan, think about the amount you’ll have to repay over the years and review your borrower rights and responsibilities.

To learn more about Federal Student Loans and how to manage your debt, visit the Federal Student Aid Gateway.

About Student Loans

Loan Basics

  • Master Promissory Notes
  • Entrance Counseling
  • Accept a Loan
  • Exit Counseling
  • NSLDS – The National Student Loan Data System (NSLDS) is the U.S. Department of Education’s (ED’s) central database for student aid. NSLDS receives data from schools, guaranty agencies, the Direct Loan program, and other Department of ED programs. NSLDS Student Access provides a centralized, integrated view of Title IV loans and grants so that recipients of Title IV Aid can access and inquire about their Title IV loans and/or grant data.

How to Apply for Federal Direct Student Loans?

(e.g. Subsidized, Unsubsidized, Parent PLUS, and Graduate PLUS)

Step 1. Complete the Free Application for Federal Student Aid (FAFSA)
Step 2. Accept your Loan
Step 3. Complete Entrance Counseling
Step 4. Complete Master Promissory Note (MPN)

How to Apply for a Private Loan?

Step 1. Select a Lender
Step 2. Complete and e-sign the Master Promissory Note