Student Loan Alert!

Message to Students:

As of Fall 2010 Montclair State University will participate in the Federal Direct Stafford and Plus Loan Programs.

We will be processing all loans directly through the U.S. Dept of Education (not through individual banks). This will eliminate much of the difficulty and misunderstanding in securing loan funds.

All borrowers will be required to sign a new MPN (Master Promissory Note). To ensure a smooth transition for the Fall 2010 disbursement of loan funds we ask you to do this soon!

Go to www.studentloans.gov

 

Use your Federal Aid PIN ID for the electronic signature; and read more about the Direct Loan Program.

As usual, you must also complete the 2010-2011 FAFSA and e-sign it with your and parents' Federal PIN ID(s). Make sure to check that you want loans on question #31. (Priority deadline is March 1, 2010).

The Office of Student Financial Aid is looking forward to helping you have a positive experience receiving the student aid you need to attend school.

James Anderson

Director, Office of Student Financial Aid