Loans - Student and Parent

There are many options for funding an education, including federal and alternative loans as well as payment plans. Listed below is more information on these options as well as links for completing the application processes. You should always exhaust your federal options before applying for alternative loans.

Does your package include a Federal Stafford Loan? If you have never had a Federal Stafford Loan before, you can complete the required entrance counseling and master promissory note (MPN) online.  If you logged off after your entrance counseling and still need to complete the MPN, you can continue the MPN online. If you have borrowed a Stafford Loan previously, you will have completed a Master Promissory Note (MPN), which is good for all future borrowing.

First-time Federal Perkins and Nursing Loan borrowers need a valid FAFSA PIN to complete the application process. You may request a FAFSA PIN from the Department of Education. You will need to complete entrance counseling and a master promissory note:

1. Log on to ECSI's Web site at www.ecsi.net/prom30.
2. Provide your Social Security Number, last name, and date of birth.
3. Provide your PIN when requested on the Student Authentication Network page.
4. Most pages require that you accept the terms by checking a box at the bottom of those pages.
5. You must provide complete reference information for yourself, next of kin, and two additional references. Failure to complete all lines accurately will keep this loan from disbursing to your account.
6. PROMISSORY NOTE - Read completely. Electronically sign at the bottom of the promissory note page. The electronic signature includes a check-off box plus your full legal name.

Previous borrowers of the Federal Perkins and Nursing Loans have completed a Master Promissory Note (MPN), which is good for all future borrowing.

First-time Federal PLUS Loan borrowers may apply for preapproval or you can go directly to complete the online master promissory note (MPN) here. Note: A denial of the Federal Parent PLUS Loan qualifies a student for unsubsidized Stafford Loan funds (total of $6,000 for first- and second-year students; $7,000 for third- through fifth-year students). The denial must be applied for and received every year before the Stafford funds can be certified. 

Students may also apply for a variety of Alternative Student Loans to cover costs. Because credit approvals are typically good for 90 days, you shoud apply no earlier than 90 days prior to the start of the semester. For students who have previously borrowed an alternative student loan, we recommend you renew your application with your current lender.

Other financing options to cover the cost of attendance include the 10-month interest-free tuition payment plan.

Your Federal PIN can give you access to the National Student Loan Data System, where you can check status of your previous loans.