All federal loans are processed through the William D. Ford Federal Direct Lending Program.
Federal Educational Loans:
If you have not borrowed with the U.S. Department of Education, you will need to complete Entrance Counseling and an electronic Master Promissory Note (E-MPN). You can quickly and easily complete these using the myStudentAid app! Download the app on Apple Apps and Google Play.
All federal student loan borrowers will receive a confirmation email from the U.S. Department of Education once they have successfully completed the E-MPN. The requirements will be shown as complete in your ASIST account 48 hours after completing the Entrance Counseling.
The Financial Awareness Counseling listed under "Tools and Resources" on https://studentloans.gov is not able to be substituted as the required Direct Loan Entrance Counseling.
If you have any issues on the government website, make sure you are using Internet Explorer 6 or later, or Mozilla Firefox 2.0 or later.
Federal PLUS Loan applications for the 2019-2020 academic year are now available from the U.S. Department of Education at https://studentloans.gov.
Liberty University will not process a credit decision on any Federal PLUS loans and will only accept the official credit decision offered by the U.S. Department of Education. If you wish to appeal a credit decision, you should do one of the following:
If you had poor credit but were approved for a Direct Parent PLUS or Direct Graduate PLUS loan by getting a qualified endorser (or documenting to the satisfaction of the U.S. Department of Education that there are extenuating circumstances related to the borrower’s adverse credit), you must complete the new Direct PLUS Loan Counseling requirement.
After graduation you have a choice: You may either make individual payments to your previous lender(s) and to the U.S. Department of Education, or you can consolidate your loans into one payment with the U.S. Department of Education through a Federal Direct Consolidation Loan.
Canadian students who are considering attending Liberty University can review Canadian Student Loan options. These loans are processed through the Canadian government and do have eligibility and application requirements.
International students who need assistance in financing their education have the option to apply for private educational loans through a private loan lender. Most private loan lenders require an international loan applicant to also have a U.S. co-signer during the application process. View listing of lenders for International students.
Federal regulations prohibit the awarding of additional federal student aid (FSA) to students who have defaulted on a federal student loan. However, you can regain eligibility for FSA by resolving the default status.
The U.S. Department of Education has established the following three methods to resolve a default status:
After a default status has been resolved, sufficient documentation must be sent to the school indicating that you have regained federal aid eligibility. Per federal regulations, the documentation must be from the entity that reported the default to NSLDS. Clearly show that each defaulted loan has been resolved; be provided in writing on the entity’s letterhead (or another format that ensures its origin) and dated.
Additional loan default information can be found at the U.S. Department of Education’s Federal Student Aid website.