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Accepting Your Loans

If you decide to borrow a student loan, please follow the instructions for the type of loan you want to accept.

You can always accept a lesser amount of your loans up to the time of your first disbursement. If you accept a lesser amount and would like it increased again, please notify Student Financial Assistance in writing. Please be aware that it can take up to one week for our office to receive notification that you completed your MPN or loan entrance counseling.

Loan Program How to Accept
Federal Perkins Loans
  1. Sign in to My ASU, view your financial aid and accept an amount; avoid borrowing more than you need. FinAid.org has loan calculators that may help in deciding how much to borrow.
  2. Complete a master promissory note (MPN).
  3. Complete loan entrance counseling.
Federal Direct Stafford Loans (subsidized and unsubsidized)
  1. Sign in to My ASU, view your financial aid and accept an amount; avoid borrowing more than you need. FinAid.org has loan calculators that may help in deciding how much to borrow.
  2. Complete a master promissory note (MPN).
  3. Complete loan entrance counseling.

Federal Direct PLUS Loans (undergraduate)

  1. There are additional steps that you (the student) and your parent must complete to accept this loan. See complete details on how to accept your Federal Direct PLUS loan.
Federal Direct Graduate PLUS Loans
  1. Sign in to My ASU, view your financial aid and accept an amount, which will initiate a credit check and automatically submit a loan application to the Dept. of Education. Avoid borrowing more than you need. FinAid.org has loan calculators that may help in deciding how much to borrow.
  2. Complete a master promissory note (MPN).

Private Student Loans (alternative loans)

List of lenders from Finaid.org

  1. Your loan will be posted & accepted once Student Financial Assistance has certified your loan.
See complete details on how to apply for an alternative student loan.
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