Loan Information
Federal loans are a form of financial aid that must be paid back. Loans are considered financial aid because they are guaranteed by the federal government. Students who wish to borrow money to pay some of the cost of their education may borrow from a federal loan program, such as the Federal Perkins Loan program or the Federal Family Education Loan Program (FFELP), which includes the Federal Stafford Loan and Federal Loan for Parents (FPLUS). However, before you decide to borrow, calculate your actual costs, and consider other available aid.
IMPORTANT NOTE* Borrow only what is necessary to actually pay for your educational expenses (tuition, fees, supplies, room, board). You can refuse awarded loan amounts, or request lower awards without penalty. Click below for more information on:
Federal Perkins LoanUndergraduate Federal Stafford Loan Information
Graduate Federal Stafford Information
Medical Student Stafford Information
Private Education Loans (Signature Loans)
Loan Process:
- Complete your FAFSA.
- After you are awarded, determine the amount you will need to borrow, after considering your expenses and your resources ( Aid, Income, etc...)
- Accept, Reduce, or Decline your loan offer as you need from your Student Tool Kit.
- If you are accepting the loan, you need to choose a lender. You may choose any lender that participates in the Federal Family Education Loan Program (FFELP).
- Complete Loan Entrance Counseling.
- Complete a Master Promissory Note online (FSU must transmit information to your lender first - your lender will contact you, via email or mail, when your promissory note is ready to be signed).
- Complete a Disbursement Authorization Statement to authorize FSU to disburse your funds either through electronic funds transfer to an FSUCard/SunTrust account or through check by mail to your local address on file with FSU.
You can check your Loan processing status through ELMS
last updated: August 18, 2008