20. When will I receive my loan money?

All students who accept a Stafford Loan must complete a Master Promissory Note (MPN) at www.dlenote.ed.gov. This process is completed on the internet.

If you are a first time borrower, entrance counseling is required before any loan money will be made available. Incoming freshmen and students with 30 hours or less will have to wait 30 days from the first day of class before they will receive any loan money.
This is a federal regulation to make sure that the student plans to stay in school after the money has been awarded.

If you graduate in December, or if your first semester begins in the Spring, your loan will come in 2 disbursements within that semester.

If these conditions do not apply, your loan money will credit your tuition and fee bill before the due date of the bill, if the application process has been completed early enough.

21. How do I apply for work-study

By completing the FAFSA and indicating on the FAFSA you are interested in work-study (question #26). Link to Federal Work Study Information

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