How do I apply for a Stafford Loan?


Jump to: navigation, search

As with all federal student aid, you must complete the Free Application for Federal Student Aid (FAFSA). Students use FAFSA on the Web to complete their application. Schools use the information from your FAFSA to determine how much student aid you will receive. Stafford Loans are generally included as part of your award package, which may contain other types of aid to help meet the costs of going to college.

When you receive a Stafford Loan for the first time, you must complete a Master Promissory Note (MPN). The MPN is a legal document in which you promise to repay your loan and any accrued interest and fees to the Department. It also explains the terms and conditions of your loan. In most cases, one MPN can be used for loans that you receive over several years of study. If you previously signed an MPN to receive a FFEL Program loan, you will need to sign a new MPN for a Direct Loan.

You will also need to complete the Entrance Counseling as well as the MPN online at . To login, you will need your FAFSA Pin number. Once you have logged in, click on "Entrance Counseling" and follow the instructions. This process will take approximately 20-30 mins to complete. If you have forgotten your Pin number, you can request a Duplicate Pin at .

Personal tools
MediaWiki Appliance - Powered by TurnKey Linux