Applying+for+Student+Loans

__**How to Apply for a Student Loan**__


 * First and foremost, you must remember that a student loan is a real loan. You will have to pay the government back, even if you do not complete your degree program. If you do not pay back the loan, there will be consequences.**

Considerations before taking on a loan

-over a period of years, the loan will accrue interest, therefore the amount you payback may be greater than the amount you borrowed. -when choosing a loan, keep in mind the interest rate of the loan -consider how you will pay back the loan, there are different __repayment plans__.

Step 1 ) **Visit the** [|__**student loan website**__] **and click the “sign in” button.** From there, you will enter your personal information, such as your social security number, date of birth, FAFSA PIN, reference information. Then the website will guide you through “Entrance Counseling.” You will take a short quiz afterwards showing that you understand loans.

Step 2) **After completing the “Entrance Counseling,” print the Confirmation Page and indicate the amount you would like to borrow.** The amount you can borrow depends on what grade level you are, if you are choosing a subsidized or unsubsidized loan, and if you are dependent or independent.

Step 3) **click on the “Complete Master Promissory Note”** From here you will select the type of loan you want. Your options are: Complete the Master Promissory Note and electronically sign using the PIN you applied for Step 1. Print Promissory Note. You also have to choose between the different loans offered. Read the description and choose the one best for you.
 * __Subsidized__ /__unsubsidized__
 * __Graduate PLUS__
 * __Parent Plus__

Step 4) **Submit the Entrance Counseling Confirmation Page and Master Promissory Note to Financial Aid Office.** While at the UOG Financial Aid office fill out and submit a [|__Student Information Form__]