If you wish to apply for the Federal Direct Stafford Loans that have been recommended in your award letter, you must complete a Loan Request Form and return it to the Financial Aid Office. In addition, if you are a first-time borrower or a current student who did not borrow in the previous school year, you must complete two additional loan steps. You will be required to complete online entrance counseling, and electronically sign your MPN (Master Promissory Note). Both of these steps may be completed here.
Direct PLUS Loans
If you wish to apply for the Federal Direct PLUS (Parent Loan for Undergraduate Students) that was recommended for your student in his or her award letter, you must first complete the preapproval process. If you are approved, you will then need to complete a PLUS MPN (Master Promissory Note) online, and submit a Parent PLUS Loan Request Form to the financial aid office. You can complete the electronic steps and requirements here.
Borrowers may call for assistance filling out the electronic promissory note, appeal a denied credit decision, or endorser application questions at (877)623.5082. Borrowers may call for assistance with repayment, deferment questions, and entrance and exit counseling questions at (800)848.0979. Please contact the Financial Aid Staff in BC Central with any questions regarding the status of your Federal Direct Loan at (276)326.4215.