FEDERAL STUDENT LOAN REQUIREMENTS Federal Direct Stafford by liwenting

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									                                                                     Office of University Scholarships and Financial Aid
                                                                     200 Student Services Building (0222)
                                                                     Blacksburg, Virginia 24061
                                                                     540/231-5179 Fax: 540/231-9139
                                                                     Email: finaid@vt.edu www.finaid.vt.edu



                              FEDERAL STUDENT LOAN REQUIREMENTS

Federal Direct Stafford Subsidized and/or Unsubsidized Loan(s)

All first-time Federal Direct Stafford Loan borrowers at Virginia Tech must complete a Master Promissory
Note and Entrance Counseling Session in order to satisfy federal requirements for disbursement of
Stafford loan(s).

To complete these requirements visit www.StudentLoans.gov and click on “Sign In” to enter student’s
information; Social Security number, first two letters of last name, date of birth and Personal Identification
Number (PIN). This is the same PIN used by student to electronically sign the Free Application for
Federal Student Aid (FAFSA). For help with the PIN, visit www.pin.ed.gov.

    1. Entrance Counseling Session - Click on “Complete Entrance Counseling” and begin the
       session, Virginia Tech’s school code is 003754.

    2. Master Promissory Note - Click on “Complete Master Promissory Note” (on the same webpage,
       www.StudentLoans.gov)

Stafford Loan Tips

Loan funds will not disburse until all requirements are complete. Failure to complete these requirements
within 30 days of the beginning of the first term of enrollment, or 30 days from notice of award (whichever
is later) will result in the cancellation of your loan and any balance will be immediately due to the
University.
To reduce or decline loan funds, please use the Financial Aid Change Form available at
http://www.finaid.vt.edu/forms/documents/1011_ADCHFR.pdf and return it to the Office of University
Scholarships and Financial Aid (USFA). A parent may not decline a student loan.


Federal Perkins Loan

All first-time Federal Perkins Loan borrowers must complete three steps to satisfy federal requirements
for disbursement of this loan. Loan funds will not disburse until these requirements are complete.

All three steps are completed electronically on the Hokie SPA. From the main page of the Hokie SPA,
click on Financial Aid Information >> My Award Information >> Perkins Loan Requirements. From
the Perkins Loan Requirement link, you will be able to complete the following steps:

    1. The Master Promissory Note
    2. The Entrance Interview
    3. The Confidential Questionnaire

Please note – while the Master Promissory Note and the Entrance Interview for the Perkins loan are only
completed once, the confidential questionnaire must be completed each year you are awarded a
Perkins loan.
To reduce or decline loan funds, please use the Financial Aid Change Form available at
http://www.finaid.vt.edu/forms/documents/1011_ADCHFR.pdf and return it to the Office of University
Scholarships and Financial Aid (USFA). A parent may not decline a student loan.

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