Loan Processes

Steps involving StudentAid.gov will require a Department of Education FSA ID
Find out more about the FSA ID log-in process and create an FSA ID

Timeline

All application steps must be completed at least 30 business days prior to the start of a term which the student wishes to receive aid for. This includes:  

- Filing a FAFSA 
- Submitting a Grad or Professionals Financial Aid Application (if applicable)
- Submitting any Missing Information requests
- Completing Verification (if applicable)
- Accepting the loan(s) on WebAdvisor
- Completing the loan process: Entrance Counseling, Master Promissory Note, and the Annual Student Loan Acknowledgment
- Completing a PLUS application and authorizing a PLUS Loan credit check with the Department of Education (if applicable)

All loans require processing time before the funds will be ready to disburse. Students may receive loan funds for a term only if they are currently enrolled in that term at least half time and loan funds disburse prior to end of that term. If completion of required steps occurs after the 10 business days prior to the end of the term, the Office of Financial Aid cannot guarantee that loan(s) will be processed before the end of the eligible timeframe.

Loan Disclosure

Please note that the borrower has the right to cancel a portion of or the entirety of their loan within 14 days of either the first day of class or the disbursement of the funds to the student’s account, whichever is later. After which time it is the borrower’s responsibility to return any unwanted funds to the lender or federal loan servicer. To request a cancellation, please complete and submit a Loan Change Request Form within the appropriate timeframe.

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