Loans are a type of financial aid that must be repaid, with interest. More than 60% of students borrow money to pay for school. Each type of loan has its own eligibility requirements. You must file a FAFSA in order to receive a federal loan. All federal loans must be disbursed in two installments, so if your loan period is only one semester long you will receive two disbursements during that semester. There are yearly and lifetime limits on how much you can borrow.
For more information follow the links below:
All students must complete Entrance Counseling each year. Students who have never had a Direct Stafford loan before must also complete a Master Promissory Note. For more information click on the links below.
Students who are graduating or withdrawing from NEO must complete Exit Counseling. For more information click the link below.