Student Loan Informatrion
The Federal Direct Loan program offers students and families a reliable source of funding, more lending and repayment options, reduced interest rates, increased payment flexibility, and guaranteed financial security of their loans. While volatility in the credit markets and reductions in lender subsidies have caused some lenders to stop making federal student loans or to stop offering borrower benefits and other services, the Direct Loan Program is not affected by such changes in the economy and can therefore provide a stable and predictable loan process. The Federal Direct Loan program also simplifies the overall loan process for our Belmont students and parents.
What types of Direct Loans are available?
Belmont students and their parents will have access to Subsidized, Unsubsidized, Parent and Grad PLUS loans under the Direct Loan Program
How do I apply for Federal Direct Loans?
As with all federal student aid, students must first complete the Free Application for Federal Student Aid (FAFSA). The information on your FAFSA is transmitted to Belmont and the office of Student Financial Services will use this information to determine your need for federal student aid, including Direct Loans. After you have been awarded you will need to complete a Master Promissory Note (MPN) and Entrance Counseling.