Office of Scholarships & Financial Aid
Source: https://finaid.gatech.edu/award-process/finalize-loans Parent: https://finaid.gatech.edu/
Finalize Your Federal Loans
Steps to Finalize Loans
To finalize loans that appear on your financial aid offer, complete the following steps. Requirements can also be viewed in OSCAR. To review, select "My Eligibility & Requirements" from the Financial Aid box, and complete document(s) at the Federal Student Aid website.
Step 1: Federal Loan Forms (complete every year)
Complete the form below for the appropriate year based on your federal loan type.
- Accept your loans in Self Service.
- Direct Parent PLUS Loan borrowers – complete the Direct Parent Plus Loan Application. The borrower of the PLUS is your PARENT and requires credit approval. Additional steps are required for all borrowers and will be available June 1.\
- Graduate Students – complete the Direct Grad Plus Application.
Step 2: Student Loan Entrance Counseling (complete once)
Before you can receive funds from your Direct Student Loan, it is very important that you know and understand your rights and responsibilities as a student borrower. You must complete a counseling session required by federal regulation.
This step is required for the Subsidized and Unsubsidized Direct Student Loans and for the Graduate PLUS loan. It is not required for the Parent PLUS loan.
You do not have to wait to complete this requirement, and we strongly encourage you to complete this requirement as soon as possible to avoid disbursement delays.
Step 3: Master Promissory Note (complete once)
The Master Promissory Note (MPN) is a legal document in which you promise to repay your loan(s) to the U.S. Department of Education. It also explains the terms and conditions of your loan(s).
Sign the electronic MPN now or on receipt of your notice. Please allow 2-3 days for your MPN requirements to appear “satisfied” in OSCAR.
Step 4: Direct Deposit (complete once, unless information changes)
Sign up for Direct Deposit. See the Office of the Bursar for details.
Deadlines: during registration period.
Step 5: Register for Classes (complete every semester)
Register for at least six credit hours. Disbursements to eligible students begin on the Wednesday before the first day of class.
Deadlines: during registration period.
Important Deadlines
Complete the appropriate loan forms, entrance counseling, and Master Promissory Note by the deadline below based on semester.
- Fall – July 31
- Spring – December 1
- Summer – April 1