Complete the Loan Process

 
 
 

Complete the Loan Process

DIRECT LOANS

As a result of the Budget Control Act of 2011, SEC. 502, subsidized loans cannot be awarded to graduate and professional students (college grade level 6 and 7) if the loan period begins on or after July 1, 2012.

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Applying for Your Direct Stafford Loan Online

Please read the following information carefully. Your Direct student loans will not be disbursed if you skip a step in the application process.

This student loan information page is intended for Northeastern State University students (and parents) who have:

1. Filed the Free Application for Federal Student Aid(FAFSA).
2. Received a Financial Aid Award notification from NSU Student Financial Services with instructions to visit this page.

If you have not completed a FAFSA yet, or if you have not received an official award notification from NSU Financial Aid Services, you should not be using this page.

Loan borrowers must complete all three requirements below before their loans are disbursed.

Requirement #1 All students will receive notification of their awards via their NSU email account. You may view your award notification on the goNSU site. If you wish to cancel or reduce your students loans, you may do so at the initial time you view your award notification on the goNSU site. To make any changes to your awards after you have submitted your award letter online, you MUST contact our office at 918-444-3456.

Requirement #2 First-time student loan borrowers are required by federal law to participate in student loan counseling prior to receiving their first Direct Stafford Loan. This counseling is conducted online, and normally takes less than 30 minutes to complete. Please complete your required online student loan counseling now: Complete Your Entrance Counseling Session

Requirement #3 If you have never borrowed through the Stafford Loan Program before or have recently changed your lender, you are required to complete a Direct Stafford Loan Master Promissory Note and can do so through this online process. To apply for your Direct Stafford Loan (Subsidized or Unsubsidized) you will need to: Complete Your Direct Loan Master Promissory Note

Applying for Your Direct PLUS Loan

This student loan instruction section is intended for the parents of NSU students who want to fund their student's educational experience by borrowing through the Direct PLUS Loan program.

If you are a dependent student at NSU, you should not use this section.

Definitions
For the purpose of determining Direct PLUS Loan eligibility, a parent is a student's biological or adoptive father or mother. The spouse of a parent who has remarried (stepparent) is also eligible to borrow a Direct PLUS Loan on the student's behalf if the stepparent's income would be taken into consideration on the student's FAFSA. A legal guardian is not considered a parent, and cannot borrow through the Direct PLUS Loan program.

Credit Approval

Direct PLUS Loan applicants will have a credit check performed as part of this online loan application process. If this credit check indicated a favorable credit history, you will be notified of the loan approval. Parents with an adverse credit history can have a Direct PLUS Loan denied, if so you will be notified of this denial. A student whose parent cannot obtain a Direct PLUS Loan due to an adverse credit history is eligible for an increased loan amount through the Direct Unsubsidized Stafford Loan program. Please contact NSU Student Financial Services at 1-800-722-9614 if you would like to find out more about the increased eligibility for the Direct Unsubsidized Stafford Loan program.

Please Follow These Instructions:

Step 1: Begin by clicking on "Begin Online Direct Plus Loan Requirements" below.
Step 2: Click "Sign In" and enter parental information.
Step 3: You must complete the Plus Application Process and the Plus Master Promissory Note.
Step 4: Complete Master Promissory Note, follow through to complete all four steps.

Begin Online Direct Plus Loan Requirements (NOTE: Parents must complete the Plus Application Process AND the Plus Master Promissory Note.)

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