Federal Loan Deadlines

Students who submit a FAFSA for financial aid consideration are typically offered federal student loans as part of their financial aid offer. These loans are awarded after a student’s eligibility for grants, scholarships, Federal Work-Study (FWS) and any other awarded aid is considered. A student’s financial aid offer may include loans that are need based and/or non-need based financial aid. Federal student loans will be offered for the maximum amount the student is eligible to receive based upon their grade level and lifetime borrowing to date.

While we understand that you may not be prepared to accept a loan immediately after it has been offered and may need further time to plan, it is important to be mindful of all loan deadlines. Generally, a federal student loan will be available throughout the academic year during which is was offered. However, depending upon the term to which you would like the funds to apply, priority processing and final deadlines do apply.

Students who wish to have their loan funds available for disbursement by the first billing cycle of a given semester must accept their loans prior to the listed priority processing deadlines below. If you are a first-time loan borrower, your entrance counseling and master promissory note must also be received by these dates.

Final Deadlines

Requests for Subsidized Stafford loans, Unsubsidized Stafford loans, Parent PLUS loans and Grad PLUS loans will be processed throughout the academic year on a rolling basis. However, in order to guarantee disbursement of your loan, all requests — including entrance counseling and master promissory notes for first-time borrowers — must be received by our final deadlines. We recommend allowing a minimum of 2.5 weeks from the date of loan acceptance for disbursement to occur. Requests received after the final deadlines cannot be processed.

 

2022-2023 Academic Year
Final Deadlines
Summer 2022 Fall 2022 Only Fall 2022/Spring 2023 Spring 2023 Only
Accept Your Loan By
August 10, 2022 December 11, 2022 May 6, 2023 May 6, 2023