学生 and parents may want to consider borrowing federal loans as an option for financing educational expenses. 美国.S. Department of Education is the lender for these loans. Federal regulations require colleges to confirm a student's eligibility for federal aid. To comply with these regulations, all students at 科罗拉多大学 must file the Free Application for Federal Student 援助 (FAFSA) at www.studentaid.政府 before the Federal Direct 工作人员ord Loan or the Federal Direct PLUS Loan for 父母 will be processed. If the student or the parent does not have a FSA ID to file the FAFSA, they may request a FSA ID at the FSA ID网站 which will be used in the 应用程序 process.

Federal Direct 工作人员ord 贷款

The Federal Direct 工作人员ord Loan Application Process for First-time Borrowers:

When a student accepts the Federal Direct 工作人员ord Loan on their award OR if they submit a separate 应用程序 to apply for the Federal Direct 工作人员ord Loan for the first time, they will need to complete the following 两个 steps to meet federal requirements before 科罗拉多大学 will originate the loan with the Department of Education.

1. Step 1: Entrance Counseling for the Federal Direct 工作人员ord Loan:
   • In compliance with federal requirements, students who are borrowing for the first time at 科罗拉多大学 must complete an online entrance counseling session before funds could be credited to their account. This session helps students understand their rights and responsibilities when borrowing this loan.
   • 工作人员ord Loan Entrance Counseling Session
2. Step 2: Master Promissory Note (MPN) for the Federal Direct 工作人员ord Loan:
   • The MPN is the legal agreement that the student will repay the loan in the future. The student will be required to complete a Master Promissory Note (MPN) and will only be required to complete the MPN once while attending 科罗拉多大学.
   • Master Promissory Note (MPN)

Before applying for a 工作人员ord Loan, the student and parent should review the current 2022-23 Federal Loan Interest Rates and Loan Limits.

Federal Direct PLUS 贷款 for 父母

If it has not already been filed, the parent and student can request a FSA ID at the official FSA ID网站 完成 FAFSA. To receive a Federal Direct PLUS Loan for 父母, a parent must be a biological or adoptive parent of the student enrolled at CC. The loan is based on the credit worthiness of the parent. The maximum a parent can borrow is the cost of education at 科罗拉多大学 minus all financial aid the student receives. The interest on this loan begins to accrue when it is disbursed to the student's account and continues to accrue until the loan is paid in full.

Before applying for a PLUS Loan the parent and student should review the current 2022-23 Federal Loan Interest Rates and Loan Limits.

Since the 工作人员ord interest rates are lower than the PLUS Loan, the student may want to consider borrowing the maximum 工作人员ord Loan eligibility before the parent requests a PLUS Loan. If the parent's credit is denied for the loan, the student will be eligible to borrow additional Unsubsidized 工作人员ord Loan funds.

The Federal Direct PLUS Loan Application Process:

After the parent and student have filed the FAFSA, 科罗拉多大学 will originate the Federal Direct PLUS Loan with the U.S Department of Education when the following 两个 requirements have been completed.

1. Application for the Federal Direct PLUS Loan
   To borrow a Federal Direct PLUS Loan, first, the PLUS Loan 应用程序 must be completed. The parent will be asked to provide information including the loan amount requested.
   申请PLUS贷款
2. Master Promissory Note (MPN) for the Federal Direct PLUS Loan
   The MPN is a promissory note that can be used to borrow up to10 years while their student is enrolled at 科罗拉多大学. The MPN can be completed using the parent's PIN that was used when filing the FAFSA.
   Master Promissory Note (MPN) For Plus Loan

The borrower of a PLUS Loan may request a deferment to delay repayment of their loan until six months after their student ceases at least half-time enrollment at 科罗拉多大学. For more information about the deferred repayment option for Federal Direct PLUS Loan, 家长应该去拜访 http://studentaid.gov/manage-loans/repayment.