Procedures to utilize
- File the complimentary Application for Federal scholar help (FAFSA) at https: //fafsa.gov/ (this will be a necessity) and submit all papers required by the Division of Financial Aid (DFA); look for needed documents via the web educational funding personal provider system at myPurdue.
- DFA will be sending the learning pupil an Award observe that the debtor may use to ascertain loan duration, the sort of eligibility, therefore the quantity of eligibility.
- The debtor has to decide how much they would like to borrow and can have the choice to simply accept the full quantity provided or decrease the loan quantity at myPurdue.
- Very first time borrowers want to complete a primary Loan Master Promissory Note (MPN) and Loan Entrance Counseling at studentaid.gov. Warning flag will appear in myPurdue, regardless if these demands have already been finished, until we start processing loans in April.
- All borrowers have to finish the Informed Borrower Tool (guidance) at studentaid.gov. Warning flag will show up in myPurdue, even in the event this requirement happens to be finished, until we start processing loans in April.
- DFA certifies eligibility with all the loan servicer that is direct.
- Direct loan funds are prepared electronically through the Purdue Bursar. The pupil will be notified because of the Bursar’s workplace that funds have already been prepared. Funds are used very very first to costs, then to virtually any housing expenses (if the Bursar bills for housing). Read more “Loan Deadline”