University of Pittsburgh

Loan Application Procedures

The University of Pittsburgh participates in the William D. Ford Federal Direct Loan Program exclusively for the Federal Stafford and Federal Graduate PLUS Loans.  More information concerning the William D. Ford Federal Direct Loan program can be found online at http://www.studentloans.gov/. Below are the loan procedures for both new and continuing student loan borrowers.

Securing the Federal Direct Stafford Loan For New Borrowers

A new borrower is a student that has not borrowed and received funds from the Direct Stafford Loan after the 2010-2011 academic year.

  1. Complete the Free Application for Federal Student Aid (FAFSA) at www.fafsa.ed.gov with the University of Pittsburgh's school code, 008815.
  2. Log into "Manage My Direct Loan" at www.studentloans.gov with the PIN from your FAFSA.
  3. Click on "Complete Entrance Counseling" and follow the directions for completing the counseling for a graduate/professional student.  Please note, when choosing the school, you will choose University of Pittsburgh.
  4. After completing the Entrance Counseling, you can click on "You can submit a Master Promissory Note" or from the home page, you can click on "Complete a Master Promissory Note".
  5. You will be given three types of Master Promissory Notes to complete, The Federal Direct Stafford Loan is the "Subsidized/Unsubsidized" Master Promissory Note.  Please note, when choosing a school,  you will choose University of Pittsburgh.

The University of Pittsburgh School of Law will automatically process the Federal Direct Stafford Loan for you for the full academic term for the maximum eligible amount.  If you want less than the maximum, you should contact the Law School Financial Aid Office in writing with the lower request amount.

Securing the Federal Direct Graduate PLUS Loan for New Borrowers

A new Graduate PLUS Loan borrower has not borrowed or received funds from the Direct Graduate PLUS Loan program after  the 2010-2011 academic year.

  1. Complete all the steps required for securing the Federal Direct Stafford Loan.
  2. Log into "Manage My Direct Loan" at www.studentloans.gov with the PIN from your FAFSA.
  3. Click on "Request a Direct PLUS Loan" and choose the Grad PLUS loan option.  Follow the steps to complete the application
    • The Department of Education will provide the results of the credit check immediately.  This credit check is valid for 90 days.
    • If credit approved, you will be given instructions for completing the Master Promissory Note.
    • If credit is denied, you will be given the option to appeal the credit decision or obtaining an endorser.
  4. The school will receive notification of your approved application on a weekly basis.  Please check your financial aid record via my.pitt.edu to verify that your Graduate PLUS loan has been processed within 5-7 days of the initial application.

Securing the Federal Direct Stafford Loan For Continuing Borrowers

A continuing borrower is a student that has borrowed and received funds from the Direct Stafford Loan after the 2010-2011 academic year.

  1. Complete the Free Application for Federal Student Aid (FAFSA) at www.fafsa.ed.gov with the University of Pittsburgh's school code, 008815.
  2. The University of Pittsburgh School of Law will automatically process the Federal Direct Stafford Loan for you for the full academic term for the maximum eligible amount.  If you want less than the maximum, you should contact the Law School Financial Aid Office in writing with the lower request amount.

Securing the Federal Direct Graduate PLUS Loan for Continuing Borrowers

A continuing Graduate PLUS Loan borrower has borrowed or received funds from the Direct Graduate PLUS Loan program after the 2010-2011 academic year without need of a co-signer.  If you borrowed the Graduate PLUS Loan after the 2010-2011 academic year with a co-signer, please follow the procedure for a NEW Graduate PLUS Loan borrower.

 

  1. Complete all the steps required for securing the Federal Direct Stafford Loan.
  2. Log into "Manage My Direct Loan" at www.studentloans.gov with the PIN from your FAFSA.
  3. Click on "Request a Direct PLUS Loan" and choose the Grad PLUS loan option.  Follow the steps to complete the application
    • The Department of Education will provide the results of the credit check immediately.  This credit check is valid for 90 days.
    • If credit approved, you will be given instructions for completing the Master Promissory Note if needed.
    • If credit is denied, you will be given the option to appeal the credit decision or obtaining an endorser.
  4. The school will receive notification of your approved application on a weekly basis.  Please check your financial aid record via my.pitt.edu to verify that your Graduate PLUS loan has been processed within 5-7 days of the initial application.

Federal Loan Processing Timeline

The University of Pitsburgh will begin processing the federal Stafford Loan beginning in mid-to-late June and the federal Grad PLUS Loan in July.  You can always check the status of your loan through the my.pitt.edu portal or through the U.S. Department of Education at www.dl.ed.gov by logging into "Your Account".

Revised 09/28/2011 | Copyright 2011 | Site by UMC