Student Loans
STUDENT LOANS
There are 3 steps to complete to request a student loan.
1. Complete Entrance Loan Counseling at www.studentloans.gov
2. Sign a Master Promissory Note at www.studentloans.gov
3. Fill out a Loan Request with the Financial Aid Office after you complete the first two steps.
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Federal Stafford Loan Undergraduate Maximums (for the Award Year) |
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Dependent |
Dependent without parent PLUS or Independent |
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Freshman |
$5,500 (only $3,500 in subsidized) |
$9,500 (only $3,500 in subsidized) |
|
Sophomore |
$6,500 (only $4,500 in subsidized) |
$10,500 (only $4,500 in subsidized) |
|
Junior & Senior |
$7,500 (only $5,500 in subsidized) |
$12,500 (only $5,500 in subsidized) |
REPAYMENT
Exit Loan Counseling must be done once a borrower drops below half-time status (whether by taking less than 6 units, withdrawing from school completely or hopefully graduating). The grace period starts at this time as well . After the 6 month grace period has expired repayment starts.
To calculate your estimated monthly payment use the repayment calculator at www.studentloans.gov.
For information on your loans go to NSLDS (National Student Loan Data System) at www.nslds.ed.gov. This site will give you information on the total amount of loans borrowed, the name and contact information of your loan holder, and the status of each loan.
Federal Loan Servicers
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Federal Loan Servicer |
Phone |
Website |
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Direct Loan Servicing Center (ACS)
|
800-848-0979 |
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FedLoan Servicing (PHEAA) |
800-655-3813 |
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Great Lakes Educational Loan Services |
800-236-4300 |
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Nelnet |
888-486-4722 |
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Sallie Mae |
800-722-1300 |
Public Service Loan Forgiveness
Under this program, you may qualify for forgiveness of the remaining balance due on your eligible federal student loans after you have made 120 payments on loans under certain repayment plans while employed full time by certain public service employers. For more information click here.
