91做厙

91做厙
91做厙

Loans

Loans

91做厙 participates in the U.S. Department of Education's Federal Direct Loan Program, which offers loans with low interest rates and long repayment terms.

Information About Federal Direct Loans

Eligibility Requirements

  • Borrowers must be enrolled in and attending at least 6 eligible credits at the time the loan is accepted in SIS and disbursed.
  • Loans must be accepted and certified prior to the last day of the term for which loan is being offered.

Required Steps

  1. Complete both the and if these have not been completed previously for 91做厙 or if they have expired.
  2. Borrowers must fulfill these requirements before ceasing enrollment in at least 6 eligible credits for the term they wish to borrow.
  3. 91做厙 does not process paper Master Promissory Notes for Federal Direct Loans; these must be completed online.

Loan Disbursements

Information on loan disbursement methods and the frequency of loan disbursements is provided on the Disbursements and Refunds webpage.

Annual Student Loan Acknowledgment (ASLA)

  • Borrowers are encouraged to complete an each academic year they borrow a Federal Direct Subsidized or Unsubsidized Loan.
  • This acknowledgment provides borrowers with an overview of their current federal student loan debt.

Loan Tutorial

  • Detailed instructions for accepting loans, completing Entrance Counseling, and submitting the Master Promissory Note are available in the loan tutorial.
  • The Financial Aid Office does not cancel or decline student loans on behalf of individual students in the Student Financial Planning (SFP) portal. Students should decline any loans they do not wish to accept. Review the SFP tutorials for more information.

Requesting a Federal Direct PLUS Loan

To request a Federal Direct PLUS Loan, parents must sign in with their own credentials on the and complete the following steps:

  1. Submit the .
  2. Complete the .

Additional Recommendations for Parent Borrowers

  • Parent borrowers are encouraged to complete an each academic year they borrow a Federal Direct PLUS Loan. This acknowledgment provides a summary of current federal student loan debt and helps borrowers make informed decisions.
  • When completing the School and Loan Information section of the application, ensure you select 91做厙 ONLY.

Important Notes

Credit File Security Freeze: If you have a security freeze on your credit file, you must lift or remove it at each credit bureau before proceeding with the application. Your application cannot be processed with an active security freeze.

Helpful Resources for Parent Borrowers

Federal Student Loan Repayment

Most federal student loan repayment begins after the borrower stops attending college or drops below 6 credits of enrollment. Repayment starts once the loan is fully disbursed.

Contact Your Loan Servicer

If you are having trouble making loan payments, contact your . You may qualify for:

  • , which allows you to temporarily postpone payments.
  • , which temporarily reduces or suspends payments.
  • A to adjust your payment terms.

Your loan servicer can also assist with:

  • .
  • to combine multiple federal loans.
  • to fit your financial situation.

Access Your Loan Information

Log in to the to review your loan history and find contact information for your loan servicer. If you need help identifying your loan servicer, call 1-800-4-FED-AID.

According to data from the Department of Education, the official default rates for the past three years are:

Cohort Fiscal Year Official Default Rate (%)
2022 0
2021 0
2020 0

You're not alone when it comes to student loans. 91做厙 has partnered with , a nonprofit division of the National Student Loan Program (NSLP), to offer free assistance with your federal student loan obligations, ensuring a successful and comfortable loan repayment.

How Inceptia Assists You:

  • Proactive Support: If your loans become , Inceptia's friendly customer representatives may reach out to discuss your situation and explore solutions. Please note, Inceptia is not a collection agency; they are here to help you navigate repayment options.

  • Customized Repayment Strategies: Inceptia can help you explore various possibilities, including alternative repayment plans, deferment, consolidation, discharge, forgiveness, and forbearance options.

  • Ongoing Communication: Expect support through phone calls, letters, and emails to address your questions and concerns.

Additional Resources:

  • Repayment Options Overview: For comprehensive information on repayment plans and strategies, visit Inceptia's .

  1. Purpose

The purpose of this Student Loan Code of Conduct is to ensure that all employees of the institution involved in student financial aid activities maintain the highest standards of ethical behavior, transparency, and integrity. This Code is intended to eliminate conflicts of interest and to ensure that all decisions are made in the best interest of students and their families.

  1. Scope

This Code applies to all officers, employees, and agents of the institution who have responsibilities related to student loans, financial aid, or lender interactions.

  1. Prohibition of Revenue Sharing

The institution shall not enter into any revenue-sharing arrangement with any lender.

  • Revenue sharing is defined as any arrangement in which a lender provides funds, compensation, or other benefits to the institution in exchange for promoting or recommending the lender’s loan products.
  1. Gift Ban

Employees are prohibited from soliciting or accepting any gift from a lender, guarantor, or loan servicer.

  • Gifts include, but are not limited to: cash, meals, travel, entertainment, or other items of value.
  • Exceptions may include informational materials, standard training, or refreshments of nominal value consistent with applicable regulations.
  1. Prohibition on Contracting Arrangements

No employee shall accept compensation for consulting or other services from a lender relating to student loans.

  • Employees may not serve on advisory boards or committees for lenders if compensation is provided.
  • Unpaid participation may be permitted if it serves a legitimate professional purpose and is disclosed.
  1. Preferred Lender Lists

If the institution provides a preferred lender list:

  • It must be developed solely in the best interest of borrowers.
  • The list must include multiple lenders and provide clear information about loan terms.
  • The selection process must be transparent and documented.
  • Students must be informed that they are free to choose any lender.
  1. Prohibition of Steering

The institution and its employees shall not:

  • Assign or direct borrowers to a particular lender.
  • Refuse to certify or delay certification of loans from a borrower’s chosen lender.
  • Influence borrower decisions through pressure or misinformation.
  1. Loan Counseling

The institution will provide comprehensive and unbiased financial aid counseling, including:

  • Clear information on federal and private loan options
  • Encouragement to exhaust federal aid options before considering private loans
  • Disclosure of loan terms, repayment obligations, and borrower rights
  1. Staffing and Conflict of Interest
  • Employees shall not have any financial interest in lenders or lending institutions.
  • Employees must disclose any potential conflicts of interest.
  • Financial aid personnel shall not be employed by or receive compensation from lenders.
  1. Prohibition on Staffing Assistance

The institution shall not accept staffing assistance from lenders, except:

  • Temporary assistance during emergencies
  • Educational or informational training that benefits staff and students
  1. Transparency and Disclosure

The institution agrees to:

  • Provide clear and accurate information about all loan programs
  • Disclose criteria used in selecting preferred lenders
  • Ensure that all financial aid information is easily accessible to students and families
  1. Compliance

All employees are expected to:

  • Comply fully with this Code and applicable federal and state laws
  • Participate in training related to ethical financial aid practices
  • Report any suspected violations promptly
  1. Enforcement

Violations of this Code of Conduct may result in disciplinary action, including termination of employment, and may be subject to applicable legal penalties.

  1. Review and Updates

This Code shall be reviewed periodically and updated as necessary to remain compliant with federal regulations and best practices in student financial aid administration.

  1. Acknowledgment

All applicable employees must acknowledge that they have read, understood, and agree to comply with this Code of Conduct.