If you do not have an active Direct Stafford Master Promissory Note (MPN), you will be required to complete an online MPN before we can disburse any funds from this program. The Financial Aid Specialist will notify you if you need to complete the online promissory note and will include instructions. Your online award package will indicate the amount you are eligible to borrow from this program each year.

If this is the first time you have applied for a Direct Stafford Loan, you will be required to complete online Loan Entrance Counseling before you can receive your first disbursement. During the session you will review your student loan rights and responsibilities. The Financial Aid Specialist will notify you if you need to complete this counseling and will give you printed instructions.

All Direct Stafford Loan recipients must complete online exit counseling prior to graduation, withdrawl, or if their enrollment drops to less than half time (less than 6 semester hours). The Financial Aid Specialist will notify you when you need to complete this counseling and give you written instructions on how to begin the process. If you received other student loans during your enrollment at Firelands Regional Medical Center School of Nursing, you will also be required to schedule a meeting with the Financial Aid Specialist to complete additional loan exit requirements, discuss any questions you may have about the loans, and sign your repayment schedules.

Once all your financial aid options have been exhausted and you find you still need additional funds, you may wish to consider applying for a private student loan. Please take note that interest rates on these loans are variable and are based on your credit rating. Additional fees may also be charged. A co-signer may help to keep the rates lower. You can research and select a lender on your own or you can select the Private Loan Application link above to review a list of lenders our students have used in the past.

Direct Parent PLUS loans enable parents with good credit histories to borrow funds for their dependent student who is enrolled at least half-time. Parents can borrow up to the student's cost of education less any financial aid received. The Financial Aid Office can provide you with the cost information you need to determine how much to borrow for the year. Select the Direct PLUS Loan link above to begin the application process and electronically sign a promissory note. Interest rates for the Direct PLUS loans are currently fixed at 7.9%.

Parents who have submitted a Direct PLUS loan application previously for their dependent student can download this form to request additional Direct PLUS loan funds. Just complete the form and submit it to the Financial Aid Office. You will be notified if there is a problem with your request.