Financial Assistance

Educational Loan Information

Educational Financing for Students

LOAN PROCESS INSTRUCTIONS:

Once you receive your Financial Assistance Award (FAA) you will be able to apply for your loans.  Do not apply for loans at the lender website prior to receiving your award.  You will receive an e-mail when your FAA is available or you may log into WaveNet anytime to view the status of your financial assistance.  Once you retrieve your FAA in WaveNet you will be prompted to accept or decline your loans.  If you accept the loan(s) you will then be prompted to select your lender.  Once you accept your Federal Stafford loan a list of the most frequently used lenders may be viewed from the drop-down box.

There are many lenders to choose from.  You may select any lender (bank or credit union) that processes student loans.  You are advised to independently research various lenders.  All lenders offer the same interest rates for the Federal Stafford Loans.  To assist you with the loan process, we are providing an informational website on how to choose and evaluate lenders at

http://studentaid.ed.gov/PORTALSWebApp/students/english/studentloans.jsp

The Financial Assistance Guide is also available to provide step-by-step instructions in the aid process after you receive your FAA.

Accept/Decline Awards Instruction Page

Log into Wavenet.

PRIVATE LOAN PROGRAMS:

Private loans are offered by private lenders. Most lenders that offer Federal Stafford and Federal PLUS loans also offer a private loan. You should exhaust your federal loan eligibility before borrowing a private loan. Eligibility for a private loan is based on the student's and co-signer's (if required) credit history. Most private loans have a variable interest rate. You can apply for a private loan from the lender's website.