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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?

  • Click on FastLoans
  • Read the directions and fill out the application.

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?

  • Socail Security Number
  • Drivers License if applicable
  • Email address if applicable.  If you want to recieve a confirmation email, an address must be supplied.
  • Your complete address including street or post office box, city, state, zip code and phone number.
  • Two seperate references with different U.S.. addresses. The first reference should be a parent or legal guardian. You will need their name, address, city, state, zip code and phone number.

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
Wells Fargo          M&I First American Bank        MSUSA           Student Loan Express


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