Educational Loans

Welcome to the Montclair State University Educational Loan Page

By clicking on the various loan program links below, you will be re-directed to an in depth explanation of each loan program's:

  • Loan Requirements
  • Application Process
  • Loan Limits
  • Interest Rates
For Federal Loan Application assistance please call 1-877-557-7394 or email: CODsupport@acs-inc.com 

Federal Stafford Loan (Student)

The Stafford Loan is obtained by filling out the FAFSA and is part of the Federal Direct Loan Program.

Federal Perkins Loan (Student)

The Perkins Loan is obtained by filling out the FAFSA and is awarded by Montclair State University to students demonstrating significant financial need, based on the information provided on the FAFSA.

Federal Parent PLUS Loans (Parent)

The Office of Student Financial Aid strongly recommends students borrow through the Federal Stafford Loan program first, before considering a Parent PLUS loan. The Parent PLUS Loan is a loan that is available to the parent of a dependent student deemed by the FAFSA application. It can cover up to the cost of attendance for a student. A parent can apply for this loan through the Federal Direct Loan Program.  Also review the Private Educational Loan option below in lieu of the Parent PLUS loan.  Depending on your credit history, you may qualify for a lower interest rate and $0 origination fee, so compare both options when looking to fund the remaining costs of a Red Hawk education.

Federal Graduate PLUS Loans (Graduate Student)

Graduate students working on a Masters degree and beyond may apply for this loan through the Federal Direct Loan Program to cover up to the cost of attendance. The same terms and conditions apply to this loan that apply to the Parent PLUS loan. (Students in a Post Baccaulreate certificate program do not qualify for this loan.)  

Private Educational Loans (Student and/or Parent)

The Office of Student Financial Aid strongly recommends students borrow through the Federal Stafford loan program, before considering a private educational loan.  The Federal Stafford loan interest rates are capped and the federal student loan program has provisions, such as a grace period, forbearance, deferment, various payment options and loan consolidation to assist students with repayment. However, some students may still need assistance to cover the full cost of a Montclair State University education. These Private Educational Loans can assist with that. Please know approval for these loans is credit based for the borrower, which can be the student, parent, or both including either with a co-signer. You may consider a private educational loan in lieu of the Federal Parent PLUS loan.

Summer Loans

Do you need financial aid for the Summer Semester? 

Summer financial aid is not an automatic awarding process, you must request for aid in order to qualify. Make sure you complete a Summer aid request form if you are planning to attend the summer term and want to see if you have any aid eligibility left for the summer semester.  

  • Summer financial aid can be awarded to you if you have not used up all your financial aid eligibility in the current Fall, Winter and Spring semesters. 
  • You must be enrolled in a minimum of 6 credits for Undergraduate or Post Baccalaureate programs/certificates and a minimum of 4.5 credits for Masters degrees and beyond.

If you are unsure if you qualify, speak to a financial aid counselor or email financialaid@mail.montclair.edu to see if you have any eligibility left to use for the summer. 

The following links will take you to the required paperwork to submit to the Financial Aid office:

Undergraduate Summer Stafford Loan Request Form

Graduate Summer Stafford Loan Request Form  

Information and Policies

The amount you are eligible to receive from the Federal Stafford Loan program is listed on your award notification on your WESS account.

Students who are graduating, withdrawing or are less than half time must complete Exit Counseling.

Financial aid recipients who enter into an agreement regarding a Title IV HEA loan (Stafford, PLUS, Grad PLUS, Perkins or TEACH) will be submitted to the National Student Loan Data System (NSLDS) and will be accessible by authorized agencies, lenders, and institutions.