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Federal
Loans
Federal Direct Subsidized Student Loans
This is a need based loan program that provides low
interest loans to students who are attending Schreiner at
least half-time. If you are eligible for a Stafford
Subsidized loan, the federal government pays the interest on
the loan while you are enrolled in school at least half-time
(6+ credit hours per semester). Annual loan limits are:
$3,500 – First Year Students (0-29 credit hours completed &
accepted by Registrar)
$4,500 – Second Year Students (30-59 credit hours completed
& accepted by Registrar)
$5,500 – Third & Fourth Year Students (+60 credit hours
completed & accepted by Registrar)
$8,500 – Graduate & Professional Students
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Federal Direct Unsubsidized Loan for Dependent Students
This is non-need based program that provides
low-interest loans to students who are attending Schreiner
at least half-time. This loan is available to dependent
students who do not demonstrate financial need. The student
is responsible for the interest that accrues on the Federal
Direct Unsubsidized loan during in-school and deferment
periods.
PLEASE NOTE: ADDITIONAL UNSUBSIDIZED
LOAN MONEY MAY BE AVAILABLE TO DEPENDENT STUDENTS IF THE
PARENT HAS APPLIED FOR AND BEEN DENIED A PARENT PLUS LOAN.
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Federal Direct Unsubsidized Student Loan for Independent
Students
This loan is available to independent undergraduate and
graduate students.
The annual loan limits are:
$6,000 -- First & Second Year Undergraduates
$7,000 -- Third & Fourth Year Undergraduates
$7,000 -- Students with undergraduate degrees who are
enrolled in courses that will prepare them to enter a
graduate program, as well as students enrolled in coursework
for professional certification or employment as a teacher.
$12,000 -- Graduate students
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Federal Direct PLUS Loan
for Parents of Undergraduate Students
This loan is available to credit worthy parent(s) of
undergraduate students enrolled at least half time. Parent(s)
must complete a credit check and Master Promissory Note with
the Department of Education in order to receive funds.
Students must maintain satisfactory academic progress, and
award amounts are limited to cost of attendance minus other
aid. Directions for applying are listed below.
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To Accept
Your Direct Student Loan:
Step 1. Complete a FAFSA at:
http://www.fafsa.ed.gov
Step 2. Accepting Your Aid
• Review your Award Letter.
• Log into
http://netpartner.schreiner.edu using your
WEB ID as listed on your award letter.
• Choose the first time user option to generate a PIN if you
are a new student. Choose the "Forgot your Pin?" option if you
are a returning student. Enter the requested data and set up
your new PIN number.
• This website will allow you to accept/decline/decrease
your grants, scholarships, and workstudy awards.
• Read all message instructions for calculating estimated
aid using the Cost Worksheet:
http://www.schreiner.edu/financial_aid/1011CostWorksheet.xls
Step 3. Log into your Stafford Direct Loan Account:
https://studentloans.gov/myDirectLoan/index.action
Complete Entrance Loan Counseling
and Master Promissory Note sections.
NO FUNDS WILL DISBURSE UNTIL
ALL STEPS HAVE BEEN COMPLETED IN THEIR ENTIRETY.
Information about these loans
can be viewed at:
https://www.dl.ed.gov/borrower/BorrowerWelcomePage.jsp
Repayment of principal and interest begins six months after
the student ceases the course of study or six months after
the borrower ceases at least half-time enrollment. The
borrower will be assessed a small guarantee fee. Maximum
subsidized loan debt is $23,000 for undergraduates and
$65,500 for graduate or professional study.
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TO APPLY
FOR A DIRECT PARENT PLUS LOAN:
Step 1. Complete a FAFSA at:
http://www.fafsa.ed.gov
Step 2. Review student award letter. Compare cost
worksheet information, review Financing Options page, and
determine amount of PLUS loan you need to borrow.
Step 3. Complete the Federal Direct PLUS Loan
Application/Consent to Obtain Credit Report at:
http://www.schreiner.edu/financial_aid/DirectPLUSAPP.pdf
Step 4. Sign the Master Promissory Note (MPN) -
https://dlenote.ed.gov/empn/completenew_plus.jsp
If your credit is NOT approved for a PLUS loan, the Office
of Financial Aid may be able to offer your student an
additional unsubsidized direct loan. An official denial must
be on file in our office each academic year.
If you think your credit results are incorrect, or if you
would like to pursue the option of a co-signer on your PLUS
loan, please contact the Department of Education Application
Service Department at: 1-800-557-7394.
Credit decisions are valid for 90 days. Any early credit
decisions must be resubmitted by the Office of Financial Aid
prior to the term commencement. If your credit is denied at
that time, we will contact you to discuss alternative
options.
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GradPlus Loan for Graduate Students
Please contact the Office of Financial Aid for additional
information:
finaid@schreiner.edu
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STATE OF TEXAS LOAN PROGRAMS
College Access Loan (CAL)
For details concerning this loan program, please view the
CAL Fact Sheet:
http://www.hhloans.com/borrowers/calfactsheet.cfm
Funds are limited – Contact the Office of Financial Aid
for more information.
To Apply:
https://helmnet.thecb.state.tx.us/borrowers/apply/Update_App.asp?AppType=AL&LoanType=CAL
B On Time Loan Funds are limited and eligible students
will be notified by the Office of Financial Aid.
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Alternative/Private Loan Programs (Non-Federal/State
Programs)
There are several alternative loan programs available for
students who need additional money to pay for educational
expenses, or if you aren't eligible for Federal Stafford
Loans. Interest rates and fees are tiered based on you
and/or your co-borrower's credit history.
http://www.schreiner.edu/financial_aid/additional_financing_options.html
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Managing or Repaying Your Student Loans
For Students who are planning to graduate, transfer, drop
below half time enrollment, or withdraw
The link below will provide you with detailed information
concerning:
• Mapping Your Future Exit Counseling
• Managing Your Student Loan Repayment
• Repayment Calculator
• Managing Credit and Debt
• Handling Default
• Consolidation Issues- Customer Service Representatives and
Consolidation Calculator options
• Teacher Loan Forgiveness Program
• Forbearance and Deferment Information
• Student Access to the National Student Loan Data System
http://www.tgslc.org/borrowers/index.cfm
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