{"id":9713,"date":"2012-09-17T19:44:04","date_gmt":"2012-09-18T00:44:04","guid":{"rendered":"http:\/\/www.augsburg.edu\/?page_id=9713"},"modified":"2026-07-17T16:54:38","modified_gmt":"2026-07-17T16:54:38","slug":"undergraduate-day-2","status":"publish","type":"page","link":"https:\/\/www.augsburg.edu\/studentfinancial\/loans\/undergraduate-day-2\/","title":{"rendered":"Undergraduate Loan Options"},"content":{"rendered":"

Please read all information carefully. For important information on loan fees and interest rates, please view the\u00a0Undergraduate Loan Chart<\/a>.<\/p>\n

Federal Direct and PLUS Loan Application Process<\/h2>\n

Direct Loan Application<\/h3>\n

Important<\/em> – Students who have previously completed the Direct Loan Master Promissory Note (MPN) and Entrance Counseling will receive the full amount of their Direct loans unless the Student Loan Change Request is submitted via email to studentfinancces@augsburg.edu.\u00a0 Changes can be made up to 30 days after the loan has disbursed (been applied) to a student’s account.<\/p>\n

Undergraduate students who are eligible to borrow federal loans are required to be enrolled at least half-time each semester (6 credits or more).<\/em><\/p>\n

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Students, who wish to borrow their Direct Federal Loans are required to complete the following steps.\u00a0 If you are not sure whether you have completed this, please review your financial aid documents through Track Your Financial Aid<\/a>\u00a0(Augnet login required).<\/p>\n

Visit the student loan website<\/a>.<\/p>\n

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  1. Complete the Direct Loan Entrance Counseling<\/a><\/li>\n
  2. Complete the Direct Loan Master Promissory Note (MPN)<\/a><\/li>\n<\/ol>\n

    Find out about additional steps required if you are a dependent student and are in need of additional Direct Loan funds.<\/a><\/p>\n<\/div>\n

    PLUS Loan\u00a0Application\u00a0(Parent Loan)<\/em><\/h3>\n

    Parents, there are two steps necessary to apply for a PLUS loan:<\/em><\/p>\n

    Visit the student loan website<\/a> and\u00a0sign in.<\/p>\n

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    1. Complete the\u00a0Parent PLUS Loan Application<\/a>. Click “Log In”, enter your Username and Password.\u00a0 Select “Request a Direct PLUS Loan” to begin the Parent PLUS application and select the amount you would like to borrow for the school year.\n