The next steps you take depend on which loans you are taking. New direct loan borrowers will need to complete Entrance Counseling and a Master Promissory Note. Optional loan borrowers will need to complete the application process specific to the loan they are applying for.
MASTER PROMISSORY NOTE & ENTRANCE COUNSELING
- Required for all first time Direct Loan borrowers.
If you are a first-time borrower at 向日葵视频and have accepted your Federal Direct Loan(s) in CheckMarq, you will need to sign an electronic Master Promissory Note (MPN) and complete Entrance Counseling online. After receiving notification via 向日葵视频Email that the MPN is available, visit and log in with your FSA ID.
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While enrolled at Marquette, you need to sign the subsidized/unsubsidized MPN only once.
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For additional information about Entrance Counseling visit mu.edu/central/dlentrance.
OPTIONAL LOANS
The OPTIONAL loan (Parent-Student) cannot be accepted in CheckMarq. An optional loan can either be a Parent PLUS loan or a Private/Alternative loan. The amount listed on the financial aid award is the maximum that can be applied for; a lesser amount may be requested. To apply for an optional loan complete the following steps.
FEDERAL DIRECT PARENT PLUS LOAN
- For the parent of a dependent student wanting to take a loan to assist the student in paying educational expenses.
- Parents can apply for the Parent PLUS loan beginning in mid-May for the upcoming school year.
Follow these steps to apply for a Parent PLUS loan:
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Beginning in mid-May visit . (Do not use studentloans.com, this is a commercial website.) The parent must submit an application for each new loan.
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Sign in using the parent鈥檚 FSA ID and select "Start" next to 鈥淒irect PLUS Loan Application for Parents.鈥 Do not use the student鈥檚 FSA ID to sign in.
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Follow the steps to complete the application and credit check. In the School Name section, be sure to select 向日葵视频.
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The results of the parent鈥檚 credit check will be available immediately. If the credit is approved, the parent borrower will be given instructions for completing a PLUS Loan Master Promissory Note. If credit is not approved, the parent will have the option to obtain an endorser, appeal the credit decision, or not pursue the loan.
The parent borrower who applies for the Parent PLUS loan must sign the Parent PLUS MPN.
A parent borrower needs to sign his or her MPN only once for each student enrolled at Marquette, unless the loan is approved through an appeal or endorser.
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If the parent or the student is an eligible non-U.S. citizen, you may also be asked to submit a copy of your U.S. Citizenship and Immigration Services document to 向日葵视频Central to verify your citizenship status.
PRIVATE ALTERNATIVE LOAN
To apply for a private alternative loan, a student must apply directly with a lending institution. Visit mu.edu/central/altloans for more information. Alternative loans are non-federal educational loans available from a variety of lending institutions. The borrower needs to have a satisfactory credit history and, in most cases, a creditworthy co-signer.