{"id":186,"date":"2012-07-16T20:30:48","date_gmt":"2012-07-17T00:30:48","guid":{"rendered":"https:\/\/huangshizhaopin.com\/enrollment-services\/?page_id=186"},"modified":"2025-03-11T14:23:38","modified_gmt":"2025-03-11T18:23:38","slug":"loan-information-apply-for-loans","status":"publish","type":"page","link":"https:\/\/huangshizhaopin.com\/enrollment-services\/student-financial-aid\/loan-information-apply-for-loans\/","title":{"rendered":"Loan Information \/ Apply for Loans"},"content":{"rendered":"

New Federal Loan Borrowers (Stafford, Parent Plus or Graduate Plus)<\/a>
\nReturning Federal Loan Borrowers (Stafford, Parent Plus or Graduate Plus)<\/a>
\nPrivate Loan Borrowers<\/a><\/p>\n

All students who wish to receive Stafford Loans must complete and sign a Direct Stafford Master Promissory Note (MPN). All Master Promissory Notes must be completed online. There are no paper MPN\u2019s<\/p>\n

All student and parent borrowers who wish to receive a Stafford, Parent Plus and Graduate Plus Loan must complete an Entrance counseling and Master Promissory Note (MPN) for each (Graduate Plus and Parent Plus borrowers must also complete a credit decision every academic year they wish to borrow the loan). All Entrance Counseling and Master Promissory Notes must be completed online.<\/p>\n

Click to view\u00a0Federal Loan Limits<\/a><\/p>\n

To ensure that you receive your Stafford Loans on time (complete the process listed below at studentaid.gov<\/a>), remember you must also sign a Financial Aid Award Letter accepting your loan eligibility.<\/p>\n

<\/a>
\nNEW FEDERAL STAFFORD LOAN BORROWERS (Undergraduate or Graduate Student)<\/strong><\/p>\n

Go to studentaid.gov<\/a><\/strong> to begin the loan\u00a0process.\u00a0 All students are now required to create an FSAID and password so if you have not done so please go to FSAID.ed.gov<\/a> to create one.\u00a0 If you know your FAFSA PIN number it will let you use the ID and password right away, all others will need to wait 3 days for Social Security check confirmation<\/p>\n

    \n
  1. Enter your e-mail if you would like to receive your correspondence electronically and press update<\/li>\n
  2. If you have not borrowed a student loan at Saint Peter’s University\u00a0before follow the next steps by clicking Counseling and then choosing Entrance counseling.<\/li>\n
  3. Choose your current education level and school\u00a0 information<\/li>\n
  4. Read and answer the multiple choice questions<\/li>\n
  5. When you reach the end\u00a0 you will get a confirmation Congratulating you on successfully completing the Entrance Counseling<\/li>\n
  6. On the left hand column select COMPLETE MPN<\/li>\n
  7. Select SUBSIDIZED\/UNSUBSIDIZED<\/li>\n
  8. Complete personal , school , loan and personal references information\u00a0sections<\/li>\n
  9. Read terms and conditions, review information and sign MPN by typing in your name as it appears on the FAFSA application.<\/li>\n<\/ol>\n

    New Federal Parent Plus Loan Borrowers (Parent is the Borrower)<\/strong><\/p>\n

    Make sure you have filled out and returned the award letter accepting your loan eligibility indicating how much you would like to borrow. Graduate Students May apply for the Graduate Plus Loan. Follow the same steps as the parent loan but log in as the student.<\/p>\n

    PARENT PLUS (Parents of Undergraduates) (Go to studentaid.gov<\/a> and have the parent who is applying for the loan log into the website.\u00a0 The parent will need to create an FSA ID and password at FSAID.ed.gov<\/a> if they have not done so.\u00a0 <\/strong>If you know your FAFSA PIN number it will let you use the ID and password right away, all others will need to wait 3 days for Social Security check confirmation<\/strong>)<\/strong><\/p>\n

    *Plus Loan application requires completion of a Parent Credit check and Master Promissory Note\u00a0every year for processing.\u00a0\u00a0If a Parent Plus Loan is denied by\u00a0the lender, contact financialaid@huangshizhaopin.com<\/a><\/strong>\u00a0if you wish to be awarded additional Unsubsidized Stafford loans.\u00a0 DO NOT BEGIN THE APPLICATION PROCESS UNTIL JUNE BECAUSE YOUR CREDIT APPROVAL IS ONLY FOR A SPECIFIC TIME FRAME AND COULD EXPIRE PRIOR TO CERTIFICATION BY THE INSTITUTION. A LOAN IS NOT CERTIFIED UNTIL A STUDENT\u2019S FILE IS COMPLETE.<\/p>\n

      \n
    1. Enter your e-mail if you would like to receive your correspondence electronically and press update<\/li>\n
    2. On the left hand column under Plus Loan Process select Request Direct Plus Loan<\/li>\n
    3. Choose Loan Type & then fill out required information to receive credit decision of either approved\/ denied<\/li>\n
    4. On the Left hand column click on Complete Counseling and then Entrance counseling.<\/li>\n
    5. Choose your current education level and school information<\/li>\n
    6. Read and answer the multiple choice questions<\/li>\n
    7. When you reach the end\u00a0 you will get a confirmation Congratulating you on successfully completing the Entrance Counseling<\/li>\n
    8. On the left hand column select COMPLETE MPN<\/li>\n
    9. Select PARENT PLUS<\/li>\n
    10. Complete Parent and Student personal , school, loan information and \u00a0personal references information\u00a0sections<\/li>\n
    11. Read terms and conditions, review information and sign MPN by typing in your name as it appears on the FAFSA application.<\/li>\n<\/ol>\n

      <\/a>Returning FEDERAL STAFFORD LOAN BORROWERS (UNDERGRADUATE or GRADUATE student)<\/strong><\/p>\n

      If you borrowed a Federal Stafford loan last year at Saint Peter’s\u00a0University you only have to sign the financial aid award letter accepting how much you want to borrow and return it to the Financial Aid Office.<\/p>\n

      Returning Federal Parent Plus Loan (Parent is the Borrower)<\/p>\n

      students wishing to borrow a Graduate plus loan use the following directions also<\/p>\n

      If the same parent borrowed a Federal Parent Plus loan last year at Saint Peter’s\u00a0University they must only compete the following step but if it’s a different parent that is borrowing the loan than they must follow the directions for a new Federal Parent Plus loan Borrower<\/p>\n

        \n
      1. Have the parent go to the web page studentaid.gov<\/a> and log in with their personal information and FAFSA PIN number<\/li>\n
      2. On the left hand column under Plus Loan Process select Request Plus Loan<\/li>\n
      3. Choose Loan Type and then fill out required information to receive a loan credit decision of either approved or denied.<\/li>\n<\/ol>\n

        <\/a>Private student Loans<\/strong><\/p>\n