If you are a student borrowing your first Federal Direct Loan at JU, please complete the Direct Loan Master Promissory Note (MPN). New Federal Direct Loan borrowers are required, by federal regulation, to complete a pre-loan counseling session. All borrowers must also attend an exit interview prior to leaving the University. (Click here to complete your Direct Loan Entrance and MPN on-line.) To complete the Federal Direct Loan Exit Counseling,please click here.
Funds are sent to Jacksonville University at the beginning of the term they are intended for and are issued each semester. The funds for the first time borrowers may not be released until 30 days after the semester begins. One-semester loans are delivered in two payments with the second payment delivered no earlier than mid-term.
Parents of the dependent students may apply for a Federal PLUS (Parent Loan for Undergraduate Students) loan. Parents of all income levels are eligible; however, there is a credit worthiness evaluation conducted by the lender before the loan is approved. (Click here to complete a PLUS Pre-Approval Process and Master Promissory Note on-line.) Parents may apply for the entire cost of attendance at JU minus any financial aid the student receives.
All federal student aid, including Federal Direct Loans, will be submitted to the National Student Loan Data System (NSLDS), and will be accessible by guaranty agencies, lenders, servicers, and schools determined to be authorized users of the data system.