Slippery Rock University awards Federal Direct Loans to eligible students. Also, students and parents can borrow PLUS (for parents of undergraduate students or Graduate students) loans through Department of Education Direct Loan Program or an Alternative Private Education Loan to meet their educational expenses each year up to the cost of attendance.
Federal Direct Loans require that all new borrowers complete Entrance Counseling and a Master Promissory Note (MPN). Slippery Rock University also requires students to accept, decline or cancel their awarded Direct Subsidized and/or Unsubsidized Loans on MySRU.
Note: Federal Direct and PLUS Loans can be disbursed only when the student has actually begun attendance in a total of six credits. Therefore students who will not begin attendance in a total of six credits until later in the semester will need to plan accordingly for the purchase of any books or materials for their classes.