Undergraduate Loan Process

Follow the steps below based on your borrowing history. Documents that need to be returned to the Office of Student Financial Aid may be mailed to The University of Toledo, Office of Student Financial Aid, MS 314, 2801 W. Bancroft St, Toledo, OH, 43606-3390 or drop off at 1200 Rocket Hall.

Existing DL Stafford Loan Borrower

If you were a subsidized and/or unsubsidized Stafford Loan borrower at The University of Toledo during the 2006-07 academic year, sign and return your 2007-08 Award Notification to the Office of Student Financial Aid. This action will start the processing of your loan(s). You do not need a new Master Promissory Note (MPN)

New DL Stafford Loan Borrower at UT

1) Accept, Decline, and Sign/or reduce your Federal Direct Stafford Loans on line through SelfServe at Http://MyUT.UToledo.edu or sign and return your 2007-2008 Award Notification to the Office of Student Financial Aid.

2) Complete the DL Master Promissory Note (MPN)

3) Complete the mandatory one-time Stafford Loan Entrance Loan Counseling

The order of the above steps may vary, but all need to be completed prior to aid being applied to the student’s account.

Parent PLUS Loan (for parent of a dependent undergraduate student)

1) Parent: Print, complete, sign and return the Parent PLUS Loan Application form to the Office of Student Financial Aid.

2) Parent: E-Sign the Parent PLUS Loan Master Promissory Note (MPN).

Stafford Loan Entrance Counseling

When borrowers receive their first student loan, many are not aware of how loans work, or even what it means to be a borrower. That's why the Department of Education (ED) established regulations requiring borrowers to complete entrance counseling before their loan(s) can be delivered to their student account.

Perkins Loan Entrance Counseling

The Department of Education requires entrance counseling for the Perkins Loan program borrowers. This tutorial type session must be completed prior to any funds being put on your student account. This entrance is in addition to entrance counseling completed for the Stafford Loan program.