Federal Loan Student Borrower Information Page
Process for Completing Direct Stafford and Perkins Loan Applications
Applying for a federal student loan for the
first time? The following instructions are for students who have been awarded a
federal Direct Stafford loan and/or federal Perkins loan from Wheaton College for
the first time. Please note that your loan will not be credited to your student
account until all loan requirements are completed in full. If you have been
awarded both a federal Direct Stafford loan
and a federal Perkins loan, you must complete a separate loan application
process for each loan as outlined below.
Not sure if you have been awarded a federal
student loan? New students may view their financial aid award through insideWheaton,
by clicking on the WINDOW link and selecting Student and Financial Records.
Returning students may use the WINDOW link from Wheaton's home page, or may click here to log in using their Window PIN. Please
note that new students are no longer issued WINDOW PIN's
and must use the inside.Wheaton portal to
access their WINDOW account information.
Federal Direct Stafford Loan Application Process:
Before a student can complete the Federal
Direct Stafford Loan Master Promissory Note and Federal Direct Stafford Loan
Entrance Interview, the loan must be originated by the Office of Student
Financial Services. Students will be notified via their Wheaton
e-mail account during the first several weeks of June with detailed
instructions on how to complete the promissory note and entrance counseling
session. The process is detailed below and students must complete both
components of the application process in order to receive their Federal Direct
Stafford Loan proceeds. NOTE: Failure to
complete the application process within 30 days of receipt of the notification
may result in the delay or forfeiture of the student loan proceeds.
1.)
Direct Loan Entrance Counseling is a federal
requirement for all students borrowing a Federal Direct Loan for the first time
at Wheaton College.
Students are required to complete Direct Loan Entrance Counseling before the
proceeds from the Direct Loan can be disbursed to the student account.
To complete Direct Loan
Entrance Counseling, click below and follow the instructions. Once the entrance
interview has been completed, do not forget to choose Wheaton College
in Massachusetts so
your confirmation is forwarded to us.
Direct Loan Entrance Counseling: Start
Your Counseling Session
2.) The Direct
Stafford Loan Promissory Note is a legally binding agreement to repay the
student loan. This agreement is between the student and the Department of
Education. A parent cannot complete the Direct Stafford Loan promissory note
(or entrance interview) on the student‚s behalf. To view some of the most
common frequently asked questions regarding the Federal Direct loan program,
please visit Federal Student Aid.
Direct Loan Promissory Note: Complete Your Loan
Application Today
Please note that Direct
Loan funds will not be disbursed to your student account until you have
completed the Entrance Counseling requirement, the Direct Loan promissory note
and received confirmation from the Department of Education that both
requirements have been satisfactorily completed.
If you have any questions regarding either the
completion of Direct Loan Entrance Counseling or the Direct Loans program at Wheaton College,
contact the Office of Student Financial Services at (508) 286-8232 or e-mail us
at sfs@wheatonma.edu.
If you would like individual loan counseling, you may call the office to
schedule an appointment with a financial aid counselor.
Federal Perkins Loan
Application Process:
1. Complete
your Federal Perkins Loan Interview Questionnaire, Perkins Loan Master Promissory
Note (MPN) and Truth-In-Lending Confirmation
If you have been awarded a
Federal Perkins Loan, you will receive an email from Wheaton's
Federal Perkins loan servicer, Campus Partners, directing you to their iPromise online service. This notice will be sent to
your wheatoncollege.edu email account. Upon receipt, please go to the Campus
Partners iPromise
link and follow the instructions to complete the Loan
Interview Questionnaire, Perkins Loan Master Promissory Note and
Truth-In-Lending Confirmation. You do not choose a lender for your Federal
Perkins loan as Wheaton College is
the lender.
Remember, if you will receive both a Federal Stafford and Federal Perkins loan for the
first time, you must complete a separate loan application process for each
loan.
Other Important Loan
Information:
If you do not plan to borrow your Federal
Direct Stafford Loan and/or Federal Perkins loan for the current academic year,
please notify our office in writing.
We encourage all borrowers to complete their
loan process as soon as possible. If you do not complete all of your loan
requirements, we will assume you do not wish to borrow and your loan(s) will be
canceled.
Please do not hesitate to contact the Office of
Student Financial Services at (508) 286-8232, if you have any questions
regarding this process.
