REQUIRED Steps to receive your loans. Please complete these steps only once.
- View terms for federal student and parent loans
- Compare the differences between the Parent PLUS and Private Education Alternative loans before you apply
- To estimate future repayment terms, go to the Federal Student Aid Repayment Estimator
Loans will be processed for all undergraduates in the amount listed on their financial aid award. Students who wish to reduce or refuse their Loan must notify the Financial Aid Office in writing or by email to email@example.com. Complete loan processes for the upcoming academic year after June 1. These steps are done at studentaid.gov, sign in with the student's FSA ID, and click "Complete Aid Processes."
STEP A. All Federal Direct Loan borrowers must annually complete Annual Student Loan Acknowledgement (ASLA).
STEP B. All new Federal Direct Loan borrowers must complete a Direct Loan Master Promissory Note. The MPN is valid for 10 years of borrowing.
STEP C. All new borrowers must also complete Federal Direct Loan Entrance Counseling. This is a one-time process.
Parents of dependent students may apply for a Federal Direct Parent PLUS Loan up to the student's cost of attendance, less other financial aid received. Only one parent is the borrower on the PLUS Loan, and application processes must be completed for each Ashland University child for which you wish to borrow.
To apply, parents must carefully follow these steps for the upcoming academic year after June 1 at studentaid.gov by signing in with the parent's FSA ID.:
STEP A. All parent borrowers must annually Apply for a PLUS Loan. At studentaid.gov, click "Log In" and sign in with the parent's FSA ID and password. Click the drop-down that says "Apply for Aid," and choose "Apply for a Parent PLUS Loan" to request the dollar amount of your loan and have a credit check completed. Remember to factor in the loan fee the government deducts from your loan when requesting the amount. To view the current fee percentage, click here.
STEP C. New Federal Direct Parent PLUS Loan borrowers, must complete a Master Promissory Note (MPN) at studentaid.gov under "Complete Aid Process," and choose "MPN for Parents." The MPN is valid for 10 years.
STEP D. Ashland University will be notified electronically from the US Dept of Education that you have applied for a PLUS Loan.
STEP E. If your credit is approved, Ashland University will process the loan. If denied, we will add additional Unsubsidized Federal Direct Loan funds to your student's financial aid offer if he or she is eligible.
All undergraduate students who have an Ashland University Dwight Schar Loan listed on their Financial Aid Offer must complete a self-certification form and a promissory note that will be mailed or emailed to them. The loan terms will be included in the mailing.
Students who need more loan funds than what has already been awarded in federal loans can apply for a private education alternative loan. You will need to choose a lender and apply to that lender for the loan. Private education loans are credit-based, and students are more likely to be approved if they apply with a credit-worthy cosigner. Ashland University has provided a Private Loan Comparison List for your review, but you may select any lender you wish. If you apply with a lender not on the Comparison List, please have the lender send their School Certification Form to Ashland University's Financial Aid Office for completion.
Parents and, in some cases, other interested parties can now apply for loans to assist students in financing their education. These loans are credit-based and offer rates that are competitive with the Federal Parent PLUS Loan rate of 6.28%. Borrowers can borrow up to the Cost Of Education minus any aid the student has already received.
Ashland University has provided a Private Loan Comparison List for your review, but you may select any lender you wish. If you apply with a lender not on the Comparison List, please have the lender send their School Certification Form to Ashland University's Financial Aid Office for completion.
The Nurse Education Assistance Loan Program (NEALP) provides financial assistance to Ohio students enrolled for at least half-time study (or accepted for enrollment) in an approved Ohio nurse education program. NEALP provides funding for nurses who intend to serve as instructors or students who intend to serve as nurses after graduation. To apply, click here.