Montclair State University receives certification requests for students who are entering school with, but not limited to, F or J visas.
To certify these loans, Montclair must ensure that the student is meeting the following minimum registration requirements as set out by U.S. federal regulations:
- Graduate Degrees other than the Artist’s Diploma: enrollment in a minimum of 9 credits
- Artist’s Diploma: enrollment in a minimum of 6 credits
- Undergraduate Degree: enrollment in a minimum of 12 credits
In addition, Montclair will only certify the private educational loan if the student is registered and an accurate Cost of Attendance/Budget is calculated.
- Montclair will certify loans based on the academic year which begins with fall.
- Cost of Attendance is based upon semester enrollment.
- A student seeking a loan for a full year in January will have a loan certified only for the terms within the academic year in which the student will be enrolled (spring or spring/summer). A new loan must be submitted for the next fall/spring.
- Prior to certification, students need to complete a Precertification Form for review. Students must be logged into their @montclair.edu email account to respond.
- The student who borrows from an exclusively international lender will have an opportunity to respond with a Cost of Attendance Re-evaluation Request (with supporting documentation) before the loan is sent to the lender for final processing. A link to the Cost of Attendance Re-evaluation Request Form is provided on the Precertification Form.
- Prior to loan disbursement, registration will be monitored for all students with a private educational loan.
- If a student withdraws from courses prior to the end of the Add/Drop period or they defer their enrollment to a later date, the private educational loan will be cancelled and/or rejected via ELM.
- Records of these transactions will be maintained within Financial Aid for a period of three years.
