Skip to main content Skip to main navigation Skip to footer content

How to Accept Your Loans

If you've decided to use federal loans as part of your aid, here's exactly how to accept them.

Ready to Finalize Your Loans?

If you've decided to use federal loans as part of your aid, here's exactly how to accept them. These steps happen after you submit your enrollment deposit. Your Student Status page will show you which items apply to you; this page walks you through how to complete them.

Go to Your Status Page

Complete Verification

If your FAFSA is selected for verification, your Student Status page will list what to submit. Complete the appropriate worksheet and return it to Florida Southern with any supporting documents.

Complete Verification (If Selected)

Accept Your Federal Direct Loans

First-time borrowers, complete these steps at studentaid.gov:

  1. Log in with your FSA ID (create one if you don't have it yet).
  2. Complete Entrance Counseling for your Direct Student Loan.
  3. Complete, sign, and submit your Master Promissory Note (MPN), selecting Subsidized/Unsubsidized.

Once complete, your loans will be finalized on your account.

Federal Direct Loan Instructions
Accept Your Federal Direct Loans

Apply for a Parent PLUS Loan

Parents of dependent students may borrow a PLUS loan to cover the balance after other aid is applied, along with other education-related costs. PLUS loans are credit-based, and the credit application must be completed each year. Contact the Financial Aid Office to determine borrowing limits.

First-time parent borrowers, at studentaid.gov:

  1. Log in with YOUR FSA ID (the parent's), not your student's.
  2. Select Request a PLUS Loan and complete the Parent PLUS Application, including the credit check.
  3. If approved, complete, sign, and submit the Master Promissory Note (MPN).

Returning parent borrowers with a previously approved PLUS loan, at studentaid.gov:

  1. Log in with YOUR (the parent's) FSA ID, not your student's. If you need one, create it at studentaid.gov.
  2. Select Request a PLUS Loan, then Parent PLUS, and complete the Parent PLUS Application, including the credit check. Sign and submit.
  3. You do not need to complete a new Master Promissory Note (MPN).
Explore Parent PLUS Loans

Decline or Reduce Your Loans

Federal loans are optional. Every student who files the FAFSA is offered them, but you can accept, reduce, or decline. To decline or request a lower amount, email Financial Aid.

Email Financial Aid
Decline or Reduce Your Loans

Before You Borrow: Know What Repayment Looks Like

Borrowing is a commitment, so it helps to understand repayment before you accept. These federal tools show what you are signing up for.

Before You Borrow: Know What Repayment Looks Like

Common Questions

If you are selected, we will email you. Complete a verification worksheet and submit any supporting documents. Verification is not required until after you submit your enrollment deposit. The worksheets are above.

Your gift aid is accepted automatically when you submit your enrollment deposit. To accept federal loans you plan to use, complete Entrance Counseling and sign your MPN.

To finish accepting your federal loans, complete Entrance Counseling and a Master Promissory Note at studentaid.gov. Once done, your loans will reappear on your account.

Get in Touch

Stuck on a step? The financial aid team can walk you through it.