Loan Guidance

Several types of loans are available to cover college expenses—both federal and non-federal. Students and/or parents of dependent students may borrow up to the full amount of their Estimated Cost of Attendance (COA)/budget each academic year.Borrowers must complete every step needed for their loans to be disbursed, including the Master Promissory Note and special "First Time Borrower Requirements" such as Entrance Counseling.

Important Note To Graduate Students:
This spring legislation was passed that eliminated the Subsidized Stafford Loan for graduate students. As of the 2012-13 academic year, graduate students will be eligible for $20,500 in the UNSUBSIDIZED Stafford Loan only.

Additional Loan-Related Resources:

Step-by-Step Instructions for Completing a Stafford Loan Master Promissory Note: click here
Toll-Free help for Promissory Note Assistance on www.StudentLoans.gov: 1-800-557-7394
Detailed Federal Loan Information: www.StudentAid.ed.gov
Debt Management: www.YouCanDealWithIt.com
Federal Loan Exit Counseling: www.StudentLoans.gov

Undergraduate (Bachelor's Degree) Students:
Who Applies	Loan Type	To Apply:	Entrance Counseling Requirement (First Time Borrowers)	Master Promissory Note Requirement(First Time Borrowers)
Student	Stafford Loan	FAFSA	Entrance Counseling Instructions	Instructions for signing your MPN
Student	Perkins Loan	FAFSA	Not Applicable	Instructions for signing your MPN
Parent	Parent PLUS Loan	FAFSA & ParentPLUS Application	Not Applicable	Complete online at StudentLoans.gov.
Parent/ Student	Private Loan	Contact lenders and follow their instructions for application.
Graduate Level Students:
Who Applies	Loan Type	To Apply:	Entrance Counseling (First Time Borrowers)	Master Promissory Note (First Time Borrowers)
Student	Stafford Loans	FAFSA	Entrance Counseling Instructions	Instructions for signing your MPN
Student	Graduate PLUS Loan	FAFSA+Grad PLUS Application	Complete online at StudentLoans.gov	Complete online at StudentLoans.gov.
Parent/ Student	Private Loan	Contact lenders and follow their instructions for application.
Teacher Certification Students:
Who Applies	Loan Type	To Apply:	Entrance Counseling (First Time Borrowers)	Master Promissory Note (First Time Borrowers)
Student	Stafford Loans	FAFSA	Entrance Counseling Instructions	Instructions for signing your MPN
Parent	Parent PLUS Loan	FAFSA & Parent PLUS Application	Not Applicable	Complete online at StudentLoans.gov.
Parent/ Student	Private Loan	Contact lenders and follow their instructions for application

Contact Information	1 Morrow Way Slippery Rock PA 16057	107 Maltby Center
724.738.2044 724.738.2922 (fax)	Financial.aid@sru.edu	M-F: 8:00-4:30 Summer: 8:00-4:00