Stafford Loan Steps


General Loan Information

In order to apply for a Federal Direct Stafford Loan, follow the steps below:

  1. Complete the Free Application for Federal Student Aid (FAFSA) or Renewal FAFSA online at  www.fafsa.gov
  2. Complete additional paperwork requested by Southwestern
  3. Receive your Official Award Letter
  4. Southwestern loan borrower steps -
    1. Loan Entrance Counseling session
    2. Complete your Master Promissory Note 
    3. If you have defaulted on a Stafford loan in the past at any institution (even if it has been resolved), you may not receive a new loan at Southwestern but can appeal the Financial Aid team and await their decision. This is part of Southwestern's Default Management program.
  5. If you have questions regarding this process, you may contact the by email.
  6. Once you have completed the term/year and your loan has ended, you will need to complete a
    Loan Exit Interview. You will be provided with the appropriate paperwork once your loan is fully disbursed for the academic year.
     


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