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.

Priority Processing Deadlines

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

Any loan request received after the priority processing deadline 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. Requests received after these deadlines cannot be processed.

The priority processing and final deadlines are applicable to Subsidized Stafford loans, Unsubsidized Stafford loans, Parent PLUS loans and Grad PLUS loans:

2020-2021 Academic Year

Priority Processing
Summer 2020 Fall 2020 Only Fall 2020/Spring 2021 Spring 2021 Only Summer 2021
Accept Your Loan By
April 10, 2020 June 26, 2020 June 26, 2020 December 11, 2020 April 9, 2021
Final Deadlines
Summer 2020 Fall 2020 Only Fall 2020/Spring 2021 Spring 2012 Only Summer 2021
Accept Your Loan By
June 19, 2020 December 4, 2020 May 10, 2021 May 10, 2021 August 10, 2021

 

2021-2022 Academic Year

Priority Processing
Summer 2021 Fall 2021 Only Fall 2021/Spring 2022 Spring 2022 Only Summer 2022
Accept Your Loan By
June 20, 2021 June 30, 2021 June 30, 2021 December 10, 2021 TBA
Final Deadlines
Summer 2021 Fall 2021 Only Fall 2021/Spring 2022 Spring 2022 Only Summer 2022
Accept Your Loan By
August 10, 2021 December 11, 2021 May 6, 2022 May 6, 2022 TBA