1. File a FAFSA.

2. Accept the offered loan in your financial aid award package on the Solar System.

3. If you are a first time Direct Loan borrower, complete the Federal Direct Loan Master Promissory Note (MPN) on-line at www.studentloans.gov.

4. First time Direct Loan borrowers at Stony Brook must also complete entrance counseling on-line at www.studentloans.gov.

This loan is available to undergraduate and graduate students who are enrolled at least half-time (6 credits per semester) in an eligible program leading to a degree or certificate.

Financial need is NOT a requirement.

The federal government does NOT pay the interest on this loan while you are in school; instead, you are responsible for the interest during the life of the loan. You can choose to pay the interest or allow it to accrue (accumulate) and be capitalized (that is, added to the principal amount of your loan). Capitalizing the interest will increase the amount you have to repay.

This loan has an origination fee of 1.0%. Therefore, 99.0% of the gross loan will be disbursed to the school.

The interest rate on a Direct unsubsidized loan is fixed at 6.8%.

Repayment begins 6 months after you graduate or are no longer enrolled for 6 or more credits. Payments are made to the U.S. Department of Education’s Direct Loan Servicing Center.

1. File a FAFSA.

2. Accept the offered loan in your financial aid award package on the Solar System.

3. If you are a first time Direct Loan borrower, complete the Federal Direct Loan Master Promissory Note (MPN) on-line at www.studentloans.gov.

4. First time Direct Loan borrowers at Stony Brook must also complete entrance counseling on-line at www.studentloans.gov.

This credit-based federal loan is available to parents of dependent undergraduate students who are enrolled at least half-time (6 credits per semester) in an eligible program leading to a degree or certificate.

The loan is funded through the Federal Government at a fixed interest rate of 7.9%.

The annual loan limit is the student's cost of attendance minus any anticipated financial aid.

This loan has an origination fee of 4%. Therefore, 96% of the gross loan will be disbursed to the school.

Repayment begins 60 days after final loan disbursement unless a deferment is granted through the Direct Loan Servicer.

1. Student must file a FAFSA.

2. Parent must submit a Federal Direct Parent PLUS Loan Request Form (available on our forms page after May 1) to the Office of Financial Aid and Scholarship Services.

In an effort to help you calculate your total loan request amount it is highly recommended that you receive your initial University bill prior to submitting the request form.

3. A credit check will be performed by the Department of Education’s Direct Loan Processor. Written notification of your credit check result will be sent to you.

4. If credit is approved and this is your first time borrowing a Federal Direct PLUS loan, complete the Federal Direct PLUS Loan Master Promissory Note (MPN) online at www.studentloans.gov.

Visit our parent web page for more information on the Parent Loan process.

This credit-based federal loan is available to graduate/professional students who are enrolled at least half-time (6 credits per semester) in an eligible program leading to a degree or certificate and who have applied for the annual maximum loan eligibility under the Direct Federal subsidized and unsubsidized Loan Programs.

The loan is funded through the Federal Government at a fixed interest rate of 7.9%.

The annual loan limit is the student's cost of attendance minus any anticipated financial aid.

This loan has an origination fee of 4%. Therefore, 96% of the gross loan will be disbursed to the school.

1. File a FAFSA.

2. Accept the offered loan in your financial aid award package on the Solar System.*

3. If you are a first time Direct PLUS Loan borrower, complete the Federal Direct Loan Master Promissory Note (MPN) for Graduate PLUS on-line at www.studentloans.gov.

4. First time Direct Grad PLUS loan borrowers at Stony Brook must also complete entrance counseling on-line at www.studentloans.gov.

*Note: Borrowers are subject to an approved credit check by the U.S. Department of Education.