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Eligible for federal loans?

Complete FAFSA Fafsa.ed.gov. No. Eligible for federal loans?. Private loan only. Yes. No. Programme eligible?. Yes. Stafford loan. Log into studentloans.gov. PLUS loan. Sign MPN . Sign MPN . Complete entrance counselling. Apply for PLUS. Credit accepted. Credit denied.

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Eligible for federal loans?

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  1. Complete FAFSA Fafsa.ed.gov No Eligible for federal loans? Private loan only Yes No Programme eligible? Yes Stafford loan Log into studentloans.gov PLUS loan Sign MPN Sign MPN Complete entrance counselling Apply for PLUS Credit accepted Credit denied Not eligible Sign endorser addendum Credit accepted Endorser Credit denied Please email screenshots of completed entrance counselling and accepted credit and Pdfs of signed MPNs and endorser addendum (if relevant) to Liesl.Shears@rhul.ac.uk Loan origination

  2. Glossary of Terms FAFSA Free Application for Federal Student Aid Federal loan The federal government funds the loans. Private loan Non-federal, funded by a lender. Entrance counselling An information session every 1st time borrower at Royal Holloway has to complete regarding their rights and responsibilities. MPN Master Promissory Note a borrower has to sign, thereby promising to repay the loan according to the Terms and Conditions of the Note. The MPN has to be signed for every year federal loans are required.  Endorser Addendum A document an endorser has to sign, thereby promising to repay the loan according to the Terms and Conditions of the Direct PLUS Loan Application and MPN signed by the borrower if the borrower does not repay the loan. Loan origination The process of setting up federal loans online.

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