Student Loans
Student loan programs offer long-term low interest loans. You must repay these awards. You must be enrolled at least half-time (4.5 hours for Divinity) each semester to qualify for student loans. Repayment for Stafford Loans begins six months after you graduate, withdraw, or drop below half time. Entrance Counseling Complete Entrance Counseling: Before you receive your first Stafford Loan at Gardner-Webb you are required to complete an entrance counseling session. The Department of Education wants to make sure you understand your rights and responsibilities as a student loan borrower. You may complete this requirement by using the online entrance counseling seminar: Completing loan counseling is a federal requirement. Your loan will not be disbursed without it! Remember to indicate Gardner-Webb University as your intended school selection. Answer the multiple-choice questions that cover the seminar material. Don't worry - this is an "open-book" quiz. If you have any questions, please contact the Financial Planning Office at (704) 406-4243. Click the Mapping Your Future logo to sign on for the "Entrance" seminar. Loans General Loan Information: Please reference the links listed below for information regarding different loan programs, interest rates, and repayment terms. Wachovia, a Wells Fargo Company PIN Number (Click http://www.pin.ed.gov/ to retrieve your PIN Number) Driver's License Number Two references with complete addresses Complete Your Stafford Master Promissory Note: To complete your Stafford Master Promissory Note (MPN) online, click on the lender listed below. If your lender is not listed, please contact our office for further instructions. You must complete a MPN to finalize your Stafford Loan. Wachovia, a Wells Fargo Company
First-time Stafford Loan Recipients at Gardner-Webb must complete "Entrance Counseling" before funds are disbursed. Recipients must also complete a Master Promissory Note. (You can do this online with most lenders.)
The Federal Subsidized Stafford Loan is based on financial need as well as annual and aggregate (overall) loan limits. Funds from this loan are disbursed each term according to your award notification and promissory note requirements. Interest on this loan does not accrue during eligible periods of enrollment and certain grace periods.
The Federal Unsubsidized Stafford Loan is based on the cost of education as well as annual and aggregate (overall) loan limits. Funds from this loan are disbursed each term according to your award notification and promissory note requirements. Interest on this loan begins to accrue as soon as you receive it. It is possible to receive both subsidized and unsubsidized loans in the same period.
. From the left-hand menu under "Student Loan Counseling Interview", select the appropriate "Entrance" seminar.
Information You Need Before Completing a Master Promissory Note