Loans and Entrance Counseling

Loans

The Federal Direct Unsubsidized Stafford Loan Program offers long-term, low interest education loans to students. In order to determine your eligibility and qualify, you must complete the Free Application for Federal Student Aid (FAFSA: www.fafsa.ed.gov) and be enrolled at least half-time (4.5 hours for Divinity) each semester. Information regarding eligible amounts will appear on your financial aid award letter.

 

Repayment for Federal Direct Unsubsidized Stafford Loans begins six months after you graduate, withdraw, or drop below half-time.

 

First-time Federal Direct Unsubsidized Stafford Loan recipients at Gardner-Webb must complete "Loan Entrance Counseling" before funds can be disbursed. Recipients must also complete a Federal Direct Loan Master Promissory Note (MPN). Please refer to the loan section of our web page for more information.

 

The Federal Direct 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 disclosures. Interest on this loan begins to accrue as soon as you receive it.

 

Entrance Counseling

Complete Loan Entrance Counseling - If you are a first-time borrower you must complete Loan Entrance Counseling, as required by the U.S. Department of Education, before any loan funds are disbursed to your student account. By clicking the link below, you will be able sign in and select the Entrance Counseling session for Stafford Loans. An electronic confirmation will be sent to Gardner-Webb once the counseling session is completed.

 

Loan Entrance Counseling Session

 

www.studentloans.gov

 

Federal Direct Unsubsidized Stafford Loans

 

Complete Your Federal Direct Unsubsidized Stafford Loan Master Promissory Note - The U.S. Department of Education serves as the lender for all Direct Unsubsidized Stafford Loans. As part of accepting your student loan, you must complete the required Federal Direct Stafford Loan Master Promissory Note (MPN). Once completed, it will be used as long as you are enrolled at Gardner-Webb. The Dept. of Education will send Gardner-Webb an electronic confirmation once you complete this requirement. REMEMBER-The Department of Education will not disburse your loan funds until the MPN is completed!


Information You Need Before Completing Your Federal Direct Unsubsidized Stafford Loan Master Promissory Note:

 

  • U.S. Department of Education PIN (This is the same PIN used to complete your FAFSA; if you do not know your PIN you can retrieve it at www.pin.ed.gov).
  • Driver's License Number
  • Two references with complete addresses Click here to complete your Federal Direct Unsubsidized Stafford Loan Master Promissory Note: www.studentloans.gov