Loans

Welcome to the Montclair State University 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 Loan Application assistance go to the Contact US page of Studentloans.gov

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. Review the Private Educational Loan option below in lieu of the Parent PLUS loan.  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 . 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 first, before considering a private educational loan.  Please know approval for these loans is credit based for the borrower, which can be the student, parent, or both. You may consider a private educational loan in lieu of the Federal Parent PLUS loan.

Information and Policies

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

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.

The Federal Student Loan Ombudsman is a neutral, informal, and confidential resource to help resolve disputes about your federal student loans.
https://studentaid.ed.gov/sa/repay-loans/disputes/prepare/contact-ombudsman

Loan Repayment Information

Wondering about how you will repay your loans?

Do you have questions about your repayment options?

For more information about loan repayment,  check out our Loan Repayment information page for more details.