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HOW TO ACCEPT YOUR LOAN ATTENTION NEW AND RETURNING STUDENTS You must accept your federal Stafford Loan on-line. Please follow the directions on this page. If you have any questions, please contact the Financial Aid Office. HOW DO I APPLY?
WHAT IS A MPN? The MPN is the promissory note for the Federal Stafford Loan program. This note must be filled out in order to recieve the Federal Stafford Loan, and it accommodates multi-year borrowing. This means that you can borrow money from the Stafford Loan program year after year without signing another promissory note, provided you meet all other qualifications. WHO MUST FILL OUT THE MPN? If this will be you first Stafford Loan borrowing at WSU, you will need to complete the MPN and you may need to complete Entrance Counseling for first-tme borrowers WHAT INFORMATION DO I NEED TO COMPLETE THE MPN?
CAN I SIGN MY MPN ELECTRONICLY? YES! You will need your department of Education PIN number in order to sign your MPN electronically. If you cannot find your PIN number you can request a duplicate copy at www.pin.ed.gov CAN I SIGN A PAPER MPN? YES! You may sign a paper MPN either by printing it out yourself or by requesting that Great Lakes Higher Education Guaranty Corporation mail you a copy for you signature. If you request a copy be sent to you, it will take a minimum of 10 business days for your request to be processed. WHICH LENDER DO I CHOOSE? WSU does not endorse specific lenders. Each lender markets their own repayment options and borrower services differently, however, the basic terms are the same because of federal program guidelines. Our experiences with the lenders listed below leads us to recommend them as lenders with successful loan processing procedures. These lenders use the Minnesota designated guarantee agency, which is Great Lakes Higher Education Guaranty Corporation. As open door lenders, they accept Federal Stafford Loan application that WSU is able to certify. If you have borrowed from a Federal Stafford Loan before, we strongly encourage you to choose the same lender. We also encourage first time borrowers to choose one of the lenders listed below. If you are a previous borrower and you lender is not on this list please call the financial aid office. 830694 824756 830492 870005 821728 823699 U.S. Bank Citibank First Federal Educaid TCF Associated Bank (formerly First financial bank) 807176
811892
806365
833890
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