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How to Accept Your Loans

Steps for Receiving your Federal Direct Subsidized/Unsubsidized Loan and Graduate PLUS Loan Funds (Students)

  1. Accept your Loans in Orion (Galaxy)To accept, reduce, or decline a Federal Direct Loan that you have been offered:
    • Sign in to Galaxy.
    • Under the “Orion Self Service” menu, click “Campus Finances,” select “Accept/Decline Awards,” and select the applicable aid year. For example, select “2018” if you will be accepting a loan for the Fall 2017, Spring 2018, or Summer 2018 semesters.

      If you wish to borrow a loan amount that is less than the amount you were offered, type the amount that you wish to borrow. Please note: you cannot accept a loan amount larger than the amount you have been offered. Once you have reviewed your financial aid, click “Accept.”

      Note: Students cannot accept a Federal Direct Parent PLUS Loan through the process described above. If a parent chooses to borrow a Parent PLUS Loan, the loan will be accepted by the Office of Financial Aid after we receive a completed Parent PLUS Loan Request.

  2. Complete Entrance Counseling – As a student borrower, you must complete entrance counseling before your Direct Loan funds can be credited to your account in the Bursar’s Office. Counseling will inform you of your rights and responsibilities as a borrower, the terms of your loan, and your repayment options. You can complete entrance counseling at studentloans.gov.
  3. Complete a Master Promissory Note – A Master Promissory Note (MPN) is a legal document in which the borrower promises to repay the loan(s) and any accrued interest and fees to the U.S. Department of Education.
    • Sign in to studentloans.gov.
    • Click the “Complete Loan Agreement (Master Promissory Note)” link and then click the blue, “Start” button next to the words “MPN for Subsidized/Unsubsidized Loans” or “PLUS MPN for Graduate/Professional Students”.

    You can complete an MPN at any time. To sign a promissory note you will need a username and password called your FSA ID.

    Note: A credit check will be performed during the application process of the Graduate PLUS Loan.

Steps for Receiving Direct PLUS Loan for Parent Borrowers (Parent PLUS Loan) Funds

If one or both parents wish to borrow a Parent PLUS Loan, each parent requesting a loan must complete the following steps:

  • Complete a Direct PLUS Loan Request for Parent Borrowers (Parent PLUS Loan Request) – After a Parent PLUS Loan has been included in the student’s financial aid award, the parent borrower must complete a Parent PLUS Loan Request at studentloans.gov.
      • Using their own FSA ID, the parent borrower signs in to studentloans.gov.
      • The parent borrower clicks the “Apply for a PLUS Loan” link and then clicks the “Complete PLUS Request for Parents” button, under the “Direct PLUS Loan Request for Parent Borrowers” heading.

    Parents may complete a Parent PLUS Loan request no earlier than July 1 of the upcoming academic year. For example, the Fall 2017/Spring 2018 Parent PLUS Loan Request will become available on July 1, 2017.

  • The Office of Financial Aid will accept the Parent PLUS Loan in Orion after a completed Parent PLUS Loan Request is received.
  • Note: The parent who wishes to borrow a Parent PLUS Loan must not have adverse credit history or must have an endorser (cosigner) who does not have adverse credit history. A parent who owes an overpayment on a federal grant or is in default on a federal loan is ineligible to borrow a Parent PLUS Loan unless satisfactory arrangements to repay the grant or loan are made.

  • Complete a Master Promissory Note – A Master Promissory Note (MPN) is a legal document in which the borrower promises to repay the loan(s) and any accrued interest and fees to the U.S. Department of Education.
    • Sign in to studentloans.gov.
    • Click the “Complete Loan Agreement (Master Promissory Note)” link and then click the blue, “Start” button next to the words “PLUS MPN for Parents”.

    Parents may complete an MPN at any time. To sign a promissory note the parent borrower must have their own FSA ID. The FSA ID can be created at studentaid.gov/fsaid.