Student Loan Steps

  1. Complete FAFSA form early each year:

    Federal Student Aid

    After submission, you’ll receive your Student Aid Report (SAR).

  2. Your college uses your FAFSA data to determine your federal aid eligibility:

    My Buckeye Link

    Direct Subsidized Loans (undergraduate students)
    Borrow Direct Subsidized Loans first, if you’re eligible; then borrow Direct Unsubsidized Loans.

    Direct Unsubsidized Loans (undergraduate and graduate/professional students)
    If you’re a graduate or professional student, borrow Direct Unsubsidized Loans first; then borrow Direct PLUS Loans, if needed. Direct Unsubsidized Loans have lower interest rates and fees.

    Direct PLUS Loans (graduate/professional students and parents of dependent undergraduate students)
    If your parents are ineligible for a Direct PLUS Loan, you may be able to receive additional loan funds. Contact your financial aid office for more information.

    Accept the aid from the school.

  3. Complete the MPN form:

    My Buckeye Link or

    MPN

    Master (Stafford) Promissory Note (MPN)
    The MPN is a legal document in which you promise to repay your loan(s) and any accrued interest and fees to the U.S. Department of Education. It also explains the terms and conditions of your loan(s).

  4. Check Annual Student Loan Acknowledgment for Federal Student Loans:

    Annual Student Loan Acknowledgment