Federal Loan Application Steps
Visit our Student Loan Information page for basic information (interest rate, annual limit, etc.) on the Federal Unsubsidized Loan program.
How do I apply?
Complete the Free Application for Federal Student Aid (FAFSA)
- Respond to offers through the Award Letter
The following steps are only required for students applying for federal student loans for the first time at Denver Seminary. Once complete, they are valid for the remainder of the degree and thus do not need to be completed again.
If an additional loan disbursement is needed after loans have already been accepted on the Award Letter, please complete a Loan Adjustement Request form (downloadable here).
Federal PLUS Loans should only be utilized after eligibility for Unsubsidized Loans has been exhausted. Visit our Student Loan Information page for basic information (interest rate, annual limit, etc.) on the Federal PLUS Loan program.
How do I apply?
Complete the "Request a Direct PLUS Loan" process for a Graduate PLUS Loan at studentloans.gov
If this is your first time applying for a PLUS loan, complete a Graduate PLUS Master Promissory Note at studentloans.gov
- Assuming the first 2 steps were completed successfully (including passing the credit check), submit a completed a Loan Increase Request form (downloadable here) to the Financial Aid Office
The deadline to take out a student loan is the last day of the eligible semester/term. This means that a student can take out a loan disbursement at any time during the semester/term as long as the student is a degree-seeking student enrolled at least half-time (5 semester credits), assuming the student has not reached the annual limit ($20,500 for Unsubsidized, Cost Of Attendance (COA) for PLUS).
A loan that is needed to cover a tuition/fees balance must be accepted/requested at least three (3) weeks prior to the start of the applicable semester (which is 2 weeks prior to the applicable financial clearance deadline) in order to ensure financial clearance and thus not be dropped from any registered courses.