Federal Loan Application Steps
Federal student loans are available at Denver Seminary for eligible students who need assistance in addition to grants & scholarships.
Federal Direct Unsubsidized Loans
Visit our Student Loan Information page for basic information (interest rate, annual limit, etc.) on the Federal Unsubsidized Loan program.
How do I apply?
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Complete the Free Application for Federal Student Aid (FAFSA)
- Respond to offers through the Award Letter
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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.
Complete a Master Promissory Note (MPN)
- Complete Entrance Counseling
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 Direct PLUS Loans
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?
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Complete the "Request a Direct PLUS Loan" process for a Graduate PLUS Loan at studentloans.gov
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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
How much am I eligible for in a PLUS loan?
Deadlines
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.
FAQ
- How do I know if the Financial Aid Office has received all of my paperwork and my file is complete?
- How many credits do I need to take to be eligible to receive federal loans?
- How do I educate myself on loan management before I commit to taking out loans?
- How are loans awarded and disbursed?
- What happens to my loans if I withdraw from classes mid-semester/term?
- How do I get loans for the winter intersession and/or summer?
- What is my "Cost of Attendance" and how does it affect my loan eligibility?
- How often do I need to take these steps to remain eligible?
- How do I request additional loans after I've already received my initial disbursement(s)?
