{"id":1165,"date":"2017-11-10T22:01:18","date_gmt":"2017-11-10T22:01:18","guid":{"rendered":"https:\/\/www.missouriwestern.edu\/finaid\/?page_id=1165"},"modified":"2026-04-10T11:18:53","modified_gmt":"2026-04-10T16:18:53","slug":"federal-loan-information","status":"publish","type":"page","link":"https:\/\/www.missouriwestern.edu\/finaid\/federal-loan-information\/","title":{"rendered":"Student and Parent Loan Information"},"content":{"rendered":"<div class=\"fusion-fullwidth fullwidth-box fusion-builder-row-1 nonhundred-percent-fullwidth non-hundred-percent-height-scrolling\" style=\"background-color: rgba(255,255,255,0);background-position: center center;background-repeat: no-repeat;padding-top:0px;padding-right:30px;padding-bottom:0px;padding-left:30px;margin-bottom: 0px;margin-top: 0px;border-width: 0px 0px 0px 0px;border-color:#eae9e9;border-style:solid;\" ><div class=\"fusion-builder-row fusion-row\"><div class=\"fusion-layout-column fusion_builder_column fusion-builder-column-0 fusion_builder_column_3_4 3_4 fusion-three-fourth fusion-column-first\" style=\"width:75%;width:calc(75% - ( ( 4% ) * 0.75 ) );margin-right: 4%;margin-top:0px;margin-bottom:20px;\"><div class=\"fusion-column-wrapper fusion-flex-column-wrapper-legacy\" style=\"background-position:left top;background-repeat:no-repeat;-webkit-background-size:cover;-moz-background-size:cover;-o-background-size:cover;background-size:cover;padding: 0px 0px 0px 0px;\"><div class=\"fusion-tabs fusion-tabs-1 classic horizontal-tabs icon-position-left\"><style type=\"text\/css\">.fusion-tabs.fusion-tabs-1 .nav-tabs li a.tab-link{border-top-color:#ffc107;background-color:#ffc107;}.fusion-tabs.fusion-tabs-1 .nav-tabs{background-color:#ebeaea;}.fusion-tabs.fusion-tabs-1 .nav-tabs li.active a.tab-link,.fusion-tabs.fusion-tabs-1 .nav-tabs li.active a.tab-link:hover,.fusion-tabs.fusion-tabs-1 .nav-tabs li.active a.tab-link:focus{border-right-color:#ebeaea;}.fusion-tabs.fusion-tabs-1 .nav-tabs li.active a.tab-link,.fusion-tabs.fusion-tabs-1 .nav-tabs li.active a.tab-link:hover,.fusion-tabs.fusion-tabs-1 .nav-tabs li.active a.tab-link:focus{background-color:#ebeaea;}.fusion-tabs.fusion-tabs-1 .nav-tabs li a:hover{background-color:#ebeaea;border-top-color:#ebeaea;}.fusion-tabs.fusion-tabs-1 .tab-pane{background-color:#ebeaea;}.fusion-tabs.fusion-tabs-1 .nav,.fusion-tabs.fusion-tabs-1 .nav-tabs,.fusion-tabs.fusion-tabs-1 .tab-content .tab-pane{border-color:#ebeaea;}<\/style><div class=\"nav\"><ul class=\"nav-tabs nav-justified\" role=\"tablist\"><li class=\"active\"><a class=\"tab-link\" data-toggle=\"tab\" role=\"tab\" aria-controls=\"tab-049b2fa4d9d5b84faa3\" aria-selected=\"true\" id=\"fusion-tab-federaldirectloans-students\" href=\"#tab-049b2fa4d9d5b84faa3\"><h4 class=\"fusion-tab-heading\">Federal Direct Loans - Students<\/h4><\/a><\/li><li><a class=\"tab-link\" data-toggle=\"tab\" role=\"tab\" aria-controls=\"tab-a3b74d74055a46a8029\" aria-selected=\"false\" tabindex=\"-1\" id=\"fusion-tab-federalplusloans-parents\" href=\"#tab-a3b74d74055a46a8029\"><h4 class=\"fusion-tab-heading\">Federal PLUS Loans - Parents<\/h4><\/a><\/li><li><a class=\"tab-link\" data-toggle=\"tab\" role=\"tab\" aria-controls=\"tab-0c0a35ae6254aeb4b34\" aria-selected=\"false\" tabindex=\"-1\" id=\"fusion-tab-federalplusloans-gradstudents\" href=\"#tab-0c0a35ae6254aeb4b34\"><h4 class=\"fusion-tab-heading\">Federal PLUS Loans - Grad Students<\/h4><\/a><\/li><li><a class=\"tab-link\" data-toggle=\"tab\" role=\"tab\" aria-controls=\"tab-b1ee1e09a1cfc7bed18\" aria-selected=\"false\" tabindex=\"-1\" id=\"fusion-tab-mofelploan-0%interest\" href=\"#tab-b1ee1e09a1cfc7bed18\"><h4 class=\"fusion-tab-heading\">MOFELP Loan - 0% Interest<\/h4><\/a><\/li><li><a class=\"tab-link\" data-toggle=\"tab\" role=\"tab\" aria-controls=\"tab-c3e9a5ae907a077407a\" aria-selected=\"false\" tabindex=\"-1\" id=\"fusion-tab-privatealternativeloans\" href=\"#tab-c3e9a5ae907a077407a\"><h4 class=\"fusion-tab-heading\">Private Alternative Loans<\/h4><\/a><\/li><\/ul><\/div><div class=\"tab-content\"><div class=\"nav fusion-mobile-tab-nav\"><ul class=\"nav-tabs nav-justified\"><li class=\"active\"><a class=\"tab-link\" data-toggle=\"tab\" role=\"tab\" aria-controls=\"tab-049b2fa4d9d5b84faa3\" aria-selected=\"true\" id=\"mobile-fusion-tab-federaldirectloans-students\" href=\"#tab-049b2fa4d9d5b84faa3\"><h4 class=\"fusion-tab-heading\">Federal Direct Loans - Students<\/h4><\/a><\/li><\/ul><\/div><div class=\"tab-pane fade fusion-clearfix in active\" role=\"tabpanel\" tabindex=\"0\" aria-labelledby=\"fusion-tab-federaldirectloans-students\" id=\"tab-049b2fa4d9d5b84faa3\">\n<div class=\"fusion-content-boxes content-boxes columns row fusion-columns-1 fusion-columns-total-1 fusion-content-boxes-1 content-boxes-icon-with-title content-left\" data-animationOffset=\"100%\" style=\"margin-top:0px;margin-bottom:20px;\"><style type=\"text\/css\">.fusion-content-boxes-1 .heading .content-box-heading {color:#333333;}\n\t\t\t\t\t.fusion-content-boxes-1 .fusion-content-box-hover .link-area-link-icon-hover .heading .content-box-heading,\n\t\t\t\t\t.fusion-content-boxes-1 .fusion-content-box-hover .link-area-link-icon-hover .heading .heading-link .content-box-heading,\n\t\t\t\t\t.fusion-content-boxes-1 .fusion-content-box-hover .link-area-box-hover .heading .content-box-heading,\n\t\t\t\t\t.fusion-content-boxes-1 .fusion-content-box-hover .link-area-box-hover .heading .heading-link .content-box-heading,\n\t\t\t\t\t.fusion-content-boxes-1 .fusion-content-box-hover .link-area-link-icon-hover.link-area-box .fusion-read-more,\n\t\t\t\t\t.fusion-content-boxes-1 .fusion-content-box-hover .link-area-link-icon-hover.link-area-box .fusion-read-more::after,\n\t\t\t\t\t.fusion-content-boxes-1 .fusion-content-box-hover .link-area-link-icon-hover.link-area-box .fusion-read-more::before,\n\t\t\t\t\t.fusion-content-boxes-1 .fusion-content-box-hover .fusion-read-more:hover:after,\n\t\t\t\t\t.fusion-content-boxes-1 .fusion-content-box-hover .fusion-read-more:hover:before,\n\t\t\t\t\t.fusion-content-boxes-1 .fusion-content-box-hover .fusion-read-more:hover,\n\t\t\t\t\t.fusion-content-boxes-1 .fusion-content-box-hover .link-area-box-hover.link-area-box .fusion-read-more,\n\t\t\t\t\t.fusion-content-boxes-1 .fusion-content-box-hover .link-area-box-hover.link-area-box .fusion-read-more::after,\n\t\t\t\t\t.fusion-content-boxes-1 .fusion-content-box-hover .link-area-box-hover.link-area-box .fusion-read-more::before,\n\t\t\t\t\t.fusion-content-boxes-1 .fusion-content-box-hover .link-area-link-icon-hover .icon .circle-no,\n\t\t\t\t\t.fusion-content-boxes-1 .heading .heading-link:hover .content-box-heading {\n\t\t\t\t\t\tcolor: #ffc20e;\n\t\t\t\t\t}\n\t\t\t\t\t.fusion-content-boxes-1 .fusion-content-box-hover .link-area-box-hover .icon .circle-no {\n\t\t\t\t\t\tcolor: #ffc20e !important;\n\t\t\t\t\t}.fusion-content-boxes-1 .fusion-content-box-hover .link-area-box.link-area-box-hover .fusion-content-box-button {background: rgba(255,199,0,0.7);color: #000000;}.fusion-content-boxes-1 .fusion-content-box-hover .link-area-box.link-area-box-hover .fusion-content-box-button .fusion-button-text {color: #000000;}\n\t\t\t\t\t.fusion-content-boxes-1 .fusion-content-box-hover .link-area-link-icon-hover .heading .icon > span {\n\t\t\t\t\t\tbackground-color: #ffc20e !important;\n\t\t\t\t\t}\n\t\t\t\t\t.fusion-content-boxes-1 .fusion-content-box-hover .link-area-box-hover .heading .icon > span {\n\t\t\t\t\t\tborder-color: #ffc20e !important;\n\t\t\t\t\t}<\/style><div class=\"fusion-column content-box-column content-box-column content-box-column-1 col-lg-12 col-md-12 col-sm-12 fusion-content-box-hover content-box-column-last content-box-column-last-in-row\"><div class=\"col content-box-wrapper content-wrapper link-area-link-icon icon-hover-animation-fade\" style=\"background-color:rgba(255,255,255,0);\" data-animationOffset=\"100%\"><div class=\"fusion-clearfix\"><\/div><div class=\"content-container\" style=\"color:#747474;\">\n<p align=\"left\"><span style=\"color: #000000;\"><strong>The Federal Student Loan Program<\/strong>\u00a0is the government&#8217;s largest form of self-help aid. The program assists students by providing low-interest loans to help cover the cost of education.<\/span><\/p>\n<p><span style=\"color: #000000;\"><strong>How Much Can You Afford to Borrow?<\/strong><\/span><br \/>\n<span style=\"color: #000000;\"> Before you accept loan funds, take a minute to think about how much you need, and can afford to borrow. It is better to prioritize and make sacrifices while in college than to struggle with large loan payments that limit financial resources for years after graduation.\u00a0<strong>Borrow Responsibly!<\/strong><\/span><\/p>\n<\/div><\/div><\/div><style type=\"text\/css\">\n\t\t\t\t\t\t.fusion-content-boxes-1 .fusion-content-box-hover .heading-link:hover .icon i.circle-yes,\n\t\t\t\t\t\t.fusion-content-boxes-1 .fusion-content-box-hover .link-area-box:hover .heading-link .icon i.circle-yes,\n\t\t\t\t\t\t.fusion-content-boxes-1 .fusion-content-box-hover .link-area-link-icon-hover .heading .icon i.circle-yes,\n\t\t\t\t\t\t.fusion-content-boxes-1 .fusion-content-box-hover .link-area-box-hover .heading .icon i.circle-yes {\n\t\t\t\t\t\t\tbackground-color: #ffc20e !important;\n\t\t\t\t\t\t\tborder-color: #ffc20e !important;\n\t\t\t\t\t\t}<\/style><div class=\"fusion-clearfix\"><\/div><\/div><style type=\"text\/css\">#accordion-1165-1 .fusion-panel:hover, #accordion-1165-1 .fusion-panel.hover{ background-color: #f9f9f9 } #accordion-1165-1 .fusion-panel { border-color:#cccccc; border-width:1px; background-color:#ffffff; }.fusion-accordian  #accordion-1165-1 .panel-title a .fa-fusion-box{ color: #ffffff;}.fusion-accordian  #accordion-1165-1 .panel-title a .fa-fusion-box:before{ font-size: 13px; width: 13px;}.fusion-accordian  #accordion-1165-1 .panel-title a{font-size:18px;}.fusion-accordian  #accordion-1165-1 .fa-fusion-box { background-color: #333333;border-color: #333333;}.fusion-accordian  #accordion-1165-1 .panel-title a:hover, #accordion-1165-1 .fusion-toggle-boxed-mode:hover .panel-title a { color: #3a3a3a;}.fusion-accordian  #accordion-1165-1 .panel-title .active .fa-fusion-box,.fusion-accordian  #accordion-1165-1 .panel-title a:hover .fa-fusion-box { background-color: #3a3a3a!important;border-color: #3a3a3a!important;}<\/style><div class=\"accordian fusion-accordian\"><div class=\"panel-group\" id=\"accordion-1165-1\" role=\"tablist\"><div class=\"fusion-panel panel-default fusion-toggle-no-divider fusion-toggle-boxed-mode\" role=\"tabpanel\"><div class=\"panel-heading\"><h4 class=\"panel-title toggle\"><a aria-expanded=\"false\" aria-selected=\"false\" aria-controls=\"0f8df9d354836bfaa\" role=\"tab\" data-toggle=\"collapse\" data-parent=\"#accordion-1165-1\" data-target=\"#0f8df9d354836bfaa\" href=\"#0f8df9d354836bfaa\"><span class=\"fusion-toggle-icon-wrapper\" aria-hidden=\"true\"><i class=\"fa-fusion-box\" aria-hidden=\"true\"><\/i><\/span><span class=\"fusion-toggle-heading\">Your Rights and Responsibilities<\/span><\/a><\/h4><\/div><div id=\"0f8df9d354836bfaa\" class=\"panel-collapse collapse \"><div class=\"panel-body toggle-content fusion-clearfix\">\n<p>As a borrower you do have rights in dealing with your loan and loan holder. You also have clear responsibilities as well.<\/p>\n<p><strong>You have the right to<\/strong><\/p>\n<ul>\n<li>written information on my loan obligations and information on my rights and responsibilities as<br \/>\na borrower;<\/li>\n<li>a copy of my MPN either before or at the time my loan is disbursed;<\/li>\n<li>a grace period and an explanation of what this means;<\/li>\n<li>notification, if the Department transfers my loan to another servicer without my consent;<\/li>\n<li>a disclosure statement, received before I begin to repay my loan, that includes information about<br \/>\ninterest rates, fees, the balance I owe, and a loan repayment schedule;<\/li>\n<li>deferment or forbearance of repayment for certain defined periods, if I qualify and if I request it;<br \/>\nprepay my loan in whole or in part anytime without an early repayment penalty; and<\/li>\n<li>documentation when my loan is paid in full.<\/li>\n<\/ul>\n<p><strong>I am responsible for<\/strong><\/p>\n<ul>\n<li>completing exit counseling before I leave school or drop below half-time enrollment;<\/li>\n<li>repaying my loan according to my repayment schedule even if I do not complete my academic program, I am dissatisfied with the education I received, or I am unable to find employment after I graduate;<\/li>\n<li>notifying my lender or loan servicer if I move or change my address, change my telephone number, change my name, change my Social Security number, or change employers or my employer\u2019s address or telephone number changes;<\/li>\n<li>making monthly payments on my loan after my grace period ends, unless I have a deferment or<br \/>\nforbearance; and<\/li>\n<li>notifying my lender or loan servicer of anything that might alter my eligibility for an existing<br \/>\ndeferment or forbearance.<\/li>\n<\/ul>\n<\/div><\/div><\/div><div class=\"fusion-panel panel-default fusion-toggle-no-divider fusion-toggle-boxed-mode\" role=\"tabpanel\"><div class=\"panel-heading\"><h4 class=\"panel-title toggle\"><a aria-expanded=\"false\" aria-selected=\"false\" aria-controls=\"4c429d1b3d8b5ffb3\" role=\"tab\" data-toggle=\"collapse\" data-parent=\"#accordion-1165-1\" data-target=\"#4c429d1b3d8b5ffb3\" href=\"#4c429d1b3d8b5ffb3\"><span class=\"fusion-toggle-icon-wrapper\" aria-hidden=\"true\"><i class=\"fa-fusion-box\" aria-hidden=\"true\"><\/i><\/span><span class=\"fusion-toggle-heading\">Resolving Disputes \u2013 FSA Ombudsman <\/span><\/a><\/h4><\/div><div id=\"4c429d1b3d8b5ffb3\" class=\"panel-collapse collapse \"><div class=\"panel-body toggle-content fusion-clearfix\">\n<p>The Ombudsman Group is dedicated to helping resolve disputes related to the federal student aid programs, including Direct Loans, Federal Family Education Loan Program loans, Perkins Loans, and grant programs. If you\u2019ve completed the <a href=\"https:\/\/studentaid.gov\/feedback-ombudsman\/disputes\/prepare\" target=\"_blank\" rel=\"noopener noreferrer\">steps to resolve your dispute<\/a> and you believe the answer you received is wrong or incomplete, you may need to contact the Federal Student Aid (FSA) Ombudsman Group of the U.S. Department of Education (ED).<\/p>\n<p><strong>Mail:<\/strong><br \/>\nFSA Ombudsman Group<br \/>\nP.O. Box 1843<br \/>\nMonticello, KY 42633<\/p>\n<p><strong>Phone:<\/strong> 877-557-2575<br \/>\n<strong>Fax:<\/strong> 606-396-4821<\/p>\n<p><strong>Online: <a href=\"https:\/\/studentaid.gov\/feedback-ombudsman\">https:\/\/studentaid.gov\/help-center\/answers\/article\/how-to-contact-ombudsman-group<\/a><\/strong><\/p>\n<\/div><\/div><\/div><div class=\"fusion-panel panel-default fusion-toggle-no-divider fusion-toggle-boxed-mode\" role=\"tabpanel\"><div class=\"panel-heading\"><h4 class=\"panel-title toggle\"><a aria-expanded=\"false\" aria-selected=\"false\" aria-controls=\"ad1ba282cf88ef1f9\" role=\"tab\" data-toggle=\"collapse\" data-parent=\"#accordion-1165-1\" data-target=\"#ad1ba282cf88ef1f9\" href=\"#ad1ba282cf88ef1f9\"><span class=\"fusion-toggle-icon-wrapper\" aria-hidden=\"true\"><i class=\"fa-fusion-box\" aria-hidden=\"true\"><\/i><\/span><span class=\"fusion-toggle-heading\">Federal Direct Loan Limits<\/span><\/a><\/h4><\/div><div id=\"ad1ba282cf88ef1f9\" class=\"panel-collapse collapse \"><div class=\"panel-body toggle-content fusion-clearfix\">\n<p><strong>Maximum Annual Loan Limits<\/strong><\/p>\n<p>By Federal regulation, there are annual limits to the amount you can borrow in both subsidized and unsubsidized loan funds (see below). You may be awarded less than the annual limit if you are receiving other financial assistance that causes you to exceed your cost of attendance budget. Federal regulations also require proration of student loan funds for those who will be graduating in December of the aid year. In addition, associate degree seeking students may only borrow up to the sophomore grade level.<\/p>\n<table class=\"aligncenter\" style=\"border-color: #000000;\" border=\"5\" cellspacing=\"10\" cellpadding=\"10\" align=\"left\">\n<tbody>\n<tr style=\"border-color: #d9d7d0; background-color: #d9d7d0;\" align=\"center\" valign=\"top\">\n<td>\n<p align=\"center\"><strong>Grade\u00a0<\/strong><strong>Level<\/strong><\/p>\n<\/td>\n<td>\n<p align=\"center\"><strong>Credit Hours Earned<\/strong><\/p>\n<\/td>\n<td><strong>Base <\/strong><strong>Loan Amount<\/strong><\/td>\n<td>\n<p align=\"center\"><strong>Additional<br \/>\nUnsubsidized Eligibility<\/strong><\/p>\n<\/td>\n<td>\n<p align=\"center\"><strong>Additional Unsubsidized<\/strong><\/p>\n<p align=\"center\"><em>Indep Students or Dep Students w\/PLUS Denial<\/em><\/p>\n<\/td>\n<\/tr>\n<tr>\n<td style=\"text-align: center;\">\n<p align=\"left\">Freshman<\/p>\n<\/td>\n<td align=\"center\" valign=\"middle\">0 \u2013 29<\/td>\n<td align=\"center\" valign=\"middle\">$3,500<\/td>\n<td align=\"center\" valign=\"middle\">$2,000<\/td>\n<td align=\"center\" valign=\"middle\">$4,000<\/td>\n<\/tr>\n<tr>\n<td style=\"text-align: center;\">\n<p align=\"left\">Sophomore<\/p>\n<\/td>\n<td align=\"center\" valign=\"middle\">30 \u2013 59<\/td>\n<td align=\"center\" valign=\"middle\">$4,500<\/td>\n<td align=\"center\" valign=\"middle\">$2,000<\/td>\n<td align=\"center\" valign=\"middle\">$4,000<\/td>\n<\/tr>\n<tr>\n<td style=\"text-align: center;\">\n<p align=\"left\">Junior<\/p>\n<\/td>\n<td align=\"center\" valign=\"middle\">60 \u2013 89<\/td>\n<td align=\"center\" valign=\"middle\">$5,500<\/td>\n<td align=\"center\" valign=\"middle\">$2,000<\/td>\n<td align=\"center\" valign=\"middle\">$5,000<\/td>\n<\/tr>\n<tr>\n<td style=\"text-align: center;\">\n<p align=\"left\">Senior<\/p>\n<\/td>\n<td align=\"center\" valign=\"middle\">90 +<\/td>\n<td align=\"center\" valign=\"middle\">$5,500<\/td>\n<td align=\"center\" valign=\"middle\">$2,000<\/td>\n<td align=\"center\" valign=\"middle\">$5,000<\/td>\n<\/tr>\n<tr>\n<td style=\"text-align: center;\">\n<p align=\"left\">Graduate<\/p>\n<\/td>\n<td align=\"center\" valign=\"middle\">NA<\/td>\n<td align=\"center\" valign=\"middle\">$8,500<\/td>\n<td align=\"center\" valign=\"middle\">$12,000<\/td>\n<td align=\"center\" valign=\"middle\">NA<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<p><strong>\u00a0<\/strong><\/p>\n<p><strong><div class=\"fusion-sep-clear\"><\/div><div class=\"fusion-separator fusion-full-width-sep\" style=\"margin-left: auto;margin-right: auto;width:100%;\"><div class=\"fusion-separator-border sep-single sep-solid\" style=\"border-color:#e0dede;border-top-width:1px;\"><\/div><\/div><div class=\"fusion-sep-clear\"><\/div><\/strong><\/p>\n<p><strong>Aggregate Loan Limits<\/strong><\/p>\n<p>In addition to the annual limits, Federal regulations restrict borrowers to the following aggregate limits in both subsidized and unsubsidized loan funds. Note: No more than $23,000 ($65,500 for graduate student borrowers) may be subsidized loan funds.<\/p>\n<table class=\"alignleft aligncenter\" border=\"5\" cellspacing=\"10\" cellpadding=\"10\" align=\"left\">\n<tbody>\n<tr style=\"border-color: #d9d7d0; background-color: #d9d7d0;\">\n<td align=\"center\" valign=\"middle\"><strong>Undergrad Dependent Student Borrowers<\/strong><\/td>\n<td align=\"center\" valign=\"middle\"><strong>Undergrad Independent Student Borrowers<\/strong><\/td>\n<td align=\"center\" valign=\"middle\"><strong>Graduate Level Student Borrowers<\/strong><\/td>\n<\/tr>\n<tr>\n<td>$31,000<\/td>\n<td>$57,500<\/td>\n<td>$138,500<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<p><strong><div class=\"fusion-sep-clear\"><\/div><div class=\"fusion-separator fusion-full-width-sep\" style=\"margin-left: auto;margin-right: auto;width:100%;\"><div class=\"fusion-separator-border sep-single sep-solid\" style=\"border-color:#e0dede;border-top-width:1px;\"><\/div><\/div><div class=\"fusion-sep-clear\"><\/div><\/strong><\/p>\n<\/div><\/div><\/div><div class=\"fusion-panel panel-default fusion-toggle-no-divider fusion-toggle-boxed-mode\" role=\"tabpanel\"><div class=\"panel-heading\"><h4 class=\"panel-title toggle\"><a aria-expanded=\"false\" aria-selected=\"false\" aria-controls=\"778d8aa7936965c2d\" role=\"tab\" data-toggle=\"collapse\" data-parent=\"#accordion-1165-1\" data-target=\"#778d8aa7936965c2d\" href=\"#778d8aa7936965c2d\"><span class=\"fusion-toggle-icon-wrapper\" aria-hidden=\"true\"><i class=\"fa-fusion-box\" aria-hidden=\"true\"><\/i><\/span><span class=\"fusion-toggle-heading\">Federal Direct Loans may be Subsidized or Unsubsidized<\/span><\/a><\/h4><\/div><div id=\"778d8aa7936965c2d\" class=\"panel-collapse collapse \"><div class=\"panel-body toggle-content fusion-clearfix\">\n<p style=\"text-align: left;\"><strong>Subsidized\u00a0Direct Loans<\/strong>\u00a0are awarded based on financial need as determined by your FAFSA results. You will not be required to pay interest while you are in school. The federal government &#8220;subsidizes&#8221; the interest during this period.<\/p>\n<p style=\"text-align: left; padding-left: 90px;\" align=\"center\"><strong>Subsidized Loan Calculation<\/strong><\/p>\n<p style=\"text-align: left; padding-left: 90px;\" align=\"center\">Cost of Attendance (COA)<\/p>\n<p style=\"text-align: left; padding-left: 90px;\" align=\"center\">&#8211; Expected Family Contribution (EFC)<\/p>\n<p style=\"text-align: left; padding-left: 90px;\" align=\"center\">&#8211; Estimated Financial Aid (EFA)<\/p>\n<p style=\"text-align: left; padding-left: 90px;\" align=\"center\"><strong>= Subsidized Eligibility<\/strong><\/p>\n<p style=\"text-align: left;\"><strong>Unsubsidized\u00a0Direct Loans<\/strong>\u00a0are not based on need. You will be required to pay interest from the time the loan is disbursed until it is paid in full. You may elect to have the interest accumulate while in school, however, this will result in greater loan indebtedness.<\/p>\n<p style=\"text-align: left; padding-left: 90px;\" align=\"center\"><strong>Unsubsidized Loan Calculation<\/strong><\/p>\n<p style=\"text-align: left; padding-left: 90px;\" align=\"center\">Cost of Attendance (COA)<\/p>\n<p style=\"text-align: left; padding-left: 90px;\" align=\"center\">&#8211; Estimated Financial Aid (EFA)<\/p>\n<p style=\"text-align: left; padding-left: 90px;\" align=\"center\">-Subsidized Loan Eligibility<\/p>\n<p style=\"text-align: left; padding-left: 90px;\" align=\"center\"><strong>= UnSubsidized Eligibility<\/strong><\/p>\n<\/div><\/div><\/div><div class=\"fusion-panel panel-default fusion-toggle-no-divider fusion-toggle-boxed-mode\" role=\"tabpanel\"><div class=\"panel-heading\"><h4 class=\"panel-title toggle\"><a aria-expanded=\"false\" aria-selected=\"false\" aria-controls=\"8412b36a4fdc8a561\" role=\"tab\" data-toggle=\"collapse\" data-parent=\"#accordion-1165-1\" data-target=\"#8412b36a4fdc8a561\" href=\"#8412b36a4fdc8a561\"><span class=\"fusion-toggle-icon-wrapper\" aria-hidden=\"true\"><i class=\"fa-fusion-box\" aria-hidden=\"true\"><\/i><\/span><span class=\"fusion-toggle-heading\">Federal Direct Loan Interest Rate and Origination Fee<\/span><\/a><\/h4><\/div><div id=\"8412b36a4fdc8a561\" class=\"panel-collapse collapse \"><div class=\"panel-body toggle-content fusion-clearfix\">\n<p><span style=\"font-weight: 400;\">Federal Direct loan interest rates are determined each year on July 1st. The 2024-25 interest rate for undergraduate student loans is 6.53% for both subsidized and unsubsidized loans. The interest rate for graduate student loans is 8.08%.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">The U.S. Department of Education holds out an origination fee for every subsidized and unsubsidized loan. This fee helps offset the cost of funding these low interest loans. The origination fees 1.057% of the total borrowed.<\/span><\/p>\n<\/div><\/div><\/div><div class=\"fusion-panel panel-default fusion-toggle-no-divider fusion-toggle-boxed-mode\" role=\"tabpanel\"><div class=\"panel-heading\"><h4 class=\"panel-title toggle\"><a aria-expanded=\"false\" aria-selected=\"false\" aria-controls=\"e29fbdba9f7c2b5fc\" role=\"tab\" data-toggle=\"collapse\" data-parent=\"#accordion-1165-1\" data-target=\"#e29fbdba9f7c2b5fc\" href=\"#e29fbdba9f7c2b5fc\"><span class=\"fusion-toggle-icon-wrapper\" aria-hidden=\"true\"><i class=\"fa-fusion-box\" aria-hidden=\"true\"><\/i><\/span><span class=\"fusion-toggle-heading\">Federal Direct Loan Eligibility Requirements<\/span><\/a><\/h4><\/div><div id=\"e29fbdba9f7c2b5fc\" class=\"panel-collapse collapse \"><div class=\"panel-body toggle-content fusion-clearfix\">\n<p><strong>Master Promissory Note (MPN) Requirement<\/strong><\/p>\n<p>You must complete a Federal Direct Master Promissory Note (MPN) online at\u00a0<a href=\"https:\/\/studentaid.gov\/app\/launchMpn.action\" target=\"_blank\" rel=\"noopener noreferrer\">studentaid.gov<\/a>\u00a0before your loan funds will be disbursed. Once your Federal Direct Loan MPN is signed and processed, you should not be required to sign another MPN for subsequent loans for ten (10) years as long as you are not in default with prior or current Federal loans and do not file bankruptcy at any point.<\/p>\n<p><strong>Entrance Loan Counseling Requirement<\/strong><\/p>\n<p>If you are a first-time borrower at 大象传媒 Western, you must complete Entrance Loan Counseling online at\u00a0<a href=\"https:\/\/studentaid.gov\/app\/counselingInstructions.action?counselingType=entrance\" target=\"_blank\" rel=\"noopener noreferrer\">studentaid.gov<\/a>\u00a0before you loan funds will be disbursed.<\/p>\n<p><strong>Enrollment Requirement<\/strong><\/p>\n<p>You must enroll in, and attend, a minimum of six (6) credit hours (excluding CED and audited courses) to remain eligible for Federal student loans. (Five credit hours for graduate students.)<\/p>\n<p><strong>Satisfactory Academic Progress Requirement<\/strong><\/p>\n<p>You must maintain Satisfactory Academic Progress as defined in the University catalog to remain eligible for student loan funds. For more information see\u00a0<a href=\"https:\/\/www.missouriwestern.edu\/finaid\/policies\/\" target=\"_blank\" rel=\"noopener noreferrer\">Satisfactory Academic Progress (SAP).<\/a><\/p>\n<p><strong>Exit Loan Counseling Requirement<\/strong><\/p>\n<p>If you graduate, withdraw, or drop below 6 credit hours, you are required to complete Exit Loan Counseling online at <a href=\"https:\/\/studentaid.gov\/app\/counselingInstructions.action?counselingType=exit\" target=\"_blank\" rel=\"noopener noreferrer\">studentaid.gov<\/a>. A hold will be placed on your academic records until this requirement has been satisfied.<\/p>\n<\/div><\/div><\/div><div class=\"fusion-panel panel-default fusion-toggle-no-divider fusion-toggle-boxed-mode\" role=\"tabpanel\"><div class=\"panel-heading\"><h4 class=\"panel-title toggle\"><a aria-expanded=\"false\" aria-selected=\"false\" aria-controls=\"0ed8b35eb87f384d1\" role=\"tab\" data-toggle=\"collapse\" data-parent=\"#accordion-1165-1\" data-target=\"#0ed8b35eb87f384d1\" href=\"#0ed8b35eb87f384d1\"><span class=\"fusion-toggle-icon-wrapper\" aria-hidden=\"true\"><i class=\"fa-fusion-box\" aria-hidden=\"true\"><\/i><\/span><span class=\"fusion-toggle-heading\">Loan Reduction or Cancellation<\/span><\/a><\/h4><\/div><div id=\"0ed8b35eb87f384d1\" class=\"panel-collapse collapse \"><div class=\"panel-body toggle-content fusion-clearfix\">\n<p>Direct loans may be reduced or cancelled at any time during the award year if aid received from ALL funding sources causes you to exceed your unmet need or cost of attendance budget as defined by federal regulations.<\/p>\n<p><strong>Treatment of Loan Funds if you Withdraw or Stop Attending Class<\/strong>.<\/p>\n<p>If you withdraw or stop attending class, federal regulations require 大象传媒 Western to return the portion of Title IV program assistance that you did not earn. Additional information regarding the return process in available on the <a href=\"https:\/\/www.missouriwestern.edu\/finaid\/policies\/\" target=\"_blank\" rel=\"noopener noreferrer\">Policies page under\u00a0Treatment of Federal Aid When a Student Withdraws or Stops Attending<\/a>.<\/p>\n<\/div><\/div><\/div><div class=\"fusion-panel panel-default fusion-toggle-no-divider fusion-toggle-boxed-mode\" role=\"tabpanel\"><div class=\"panel-heading\"><h4 class=\"panel-title toggle\"><a aria-expanded=\"false\" aria-selected=\"false\" aria-controls=\"19eee821e4c37f3f8\" role=\"tab\" data-toggle=\"collapse\" data-parent=\"#accordion-1165-1\" data-target=\"#19eee821e4c37f3f8\" href=\"#19eee821e4c37f3f8\"><span class=\"fusion-toggle-icon-wrapper\" aria-hidden=\"true\"><i class=\"fa-fusion-box\" aria-hidden=\"true\"><\/i><\/span><span class=\"fusion-toggle-heading\">Federal Direct Loan Request\/Disbursement Process<\/span><\/a><\/h4><\/div><div id=\"19eee821e4c37f3f8\" class=\"panel-collapse collapse \"><div class=\"panel-body toggle-content fusion-clearfix\">\n<p>大象传媒 Western will automatically package your Direct Loan eligibility based on the information provided on your FAFSA and include this information on your award notification.<\/p>\n<p>If you elect to accept Direct loan funds, the Financial Aid Office will calculate and certify your loan eligibility and submit a request for funds.<\/p>\n<p>Your loan funds will be received by 大象传媒 Western in two equal disbursements and will first be applied to your charges for tuition, fees, room, board, and other eligible University expenses. Remaining funds will be released to you.<\/p>\n<p>By Federal regulation, student loan funds MUST be used for educational related expenses.<\/p>\n<\/div><\/div><\/div><div class=\"fusion-panel panel-default fusion-toggle-no-divider fusion-toggle-boxed-mode\" role=\"tabpanel\"><div class=\"panel-heading\"><h4 class=\"panel-title toggle\"><a aria-expanded=\"false\" aria-selected=\"false\" aria-controls=\"78459c07a7699f0c0\" role=\"tab\" data-toggle=\"collapse\" data-parent=\"#accordion-1165-1\" data-target=\"#78459c07a7699f0c0\" href=\"#78459c07a7699f0c0\"><span class=\"fusion-toggle-icon-wrapper\" aria-hidden=\"true\"><i class=\"fa-fusion-box\" aria-hidden=\"true\"><\/i><\/span><span class=\"fusion-toggle-heading\">Cohort Default Rate<\/span><\/a><\/h4><\/div><div id=\"78459c07a7699f0c0\" class=\"panel-collapse collapse \"><div class=\"panel-body toggle-content fusion-clearfix\">\n<p>The Department of Education releases official three-year cohort default rates (CDR) in September each year.<\/p>\n<table style=\"height: 288px; width: 10%;\" cellpadding=\"10\">\n<tbody>\n<tr style=\"border-style: solid; border-color: #030202;\">\n<td style=\"width: 43.9815%; height: 96px;\" width=\"150\"><strong>\u00a02020 Cohort<\/strong><\/td>\n<td style=\"width: 2.31481%; height: 96px;\" width=\"96\"><strong># of Schools<\/strong><\/td>\n<td style=\"width: 19.4444%; height: 96px;\" width=\"108\"><strong>Borrower Default Rate%<\/strong><\/td>\n<td style=\"width: 102.315%; height: 96px;\" width=\"114\"><strong># of Borrowers Defaulted<\/strong><\/td>\n<td style=\"width: 40.972%; height: 96px;\" width=\"144\"><strong># of Borrowers Entered Repayment<\/strong><\/td>\n<\/tr>\n<tr style=\"border-style: solid; border-color: #030202;\">\n<td style=\"width: 43.9815%; height: 48px;\" width=\"150\">All Schools<\/td>\n<td style=\"width: 2.31481%; height: 48px;\" width=\"96\">5772<\/td>\n<td style=\"width: 19.4444%; height: 48px;\" width=\"108\">0.00%<\/td>\n<td style=\"width: 102.315%; height: 48px;\" width=\"114\">196<\/td>\n<td style=\"width: 40.972%; height: 48px;\" width=\"144\">3,801,310<\/td>\n<\/tr>\n<tr style=\"border-style: solid; border-color: #030202;\">\n<td style=\"width: 43.9815%; height: 48px;\" width=\"150\">Public 4 Year<\/td>\n<td style=\"width: 2.31481%; height: 48px;\" width=\"96\">755<\/td>\n<td style=\"width: 19.4444%; height: 48px;\" width=\"108\">0.00%<\/td>\n<td style=\"width: 102.315%; height: 48px;\" width=\"114\">81<\/td>\n<td style=\"width: 40.972%; height: 48px;\" width=\"144\">1,660,751<\/td>\n<\/tr>\n<tr style=\"border-style: solid; border-color: #030202;\">\n<td style=\"width: 43.9815%; height: 48px;\" width=\"150\">Public 2-3 Year<\/td>\n<td style=\"width: 2.31481%; height: 48px;\" width=\"96\">743<\/td>\n<td style=\"width: 19.4444%; height: 48px;\" width=\"108\">0.00%<\/td>\n<td style=\"width: 102.315%; height: 48px;\" width=\"114\">42<\/td>\n<td style=\"width: 40.972%; height: 48px;\" width=\"144\">453,112<\/td>\n<\/tr>\n<tr style=\"border-style: solid; border-color: #030202;\">\n<td style=\"width: 43.9815%; height: 48px;\" width=\"150\"><strong>大象传媒 Western<\/strong><\/td>\n<td style=\"width: 2.31481%; height: 48px;\" width=\"96\"><strong>1<\/strong><\/td>\n<td style=\"width: 19.4444%; height: 48px;\" width=\"108\"><strong>0.00%<\/strong><\/td>\n<td style=\"width: 102.315%; height: 48px;\" width=\"114\"><strong>0<\/strong><\/td>\n<td style=\"width: 40.972%; height: 48px;\" width=\"144\"><strong>1076<\/strong><\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<\/div><\/div><\/div><div class=\"fusion-panel panel-default fusion-toggle-no-divider fusion-toggle-boxed-mode\" role=\"tabpanel\"><div class=\"panel-heading\"><h4 class=\"panel-title toggle\"><a aria-expanded=\"false\" aria-selected=\"false\" aria-controls=\"b4f7b9d118dc2507a\" role=\"tab\" data-toggle=\"collapse\" data-parent=\"#accordion-1165-1\" data-target=\"#b4f7b9d118dc2507a\" href=\"#b4f7b9d118dc2507a\"><span class=\"fusion-toggle-icon-wrapper\" aria-hidden=\"true\"><i class=\"fa-fusion-box\" aria-hidden=\"true\"><\/i><\/span><span class=\"fusion-toggle-heading\">Student Loan Repayment<\/span><\/a><\/h4><\/div><div id=\"b4f7b9d118dc2507a\" class=\"panel-collapse collapse \"><div class=\"panel-body toggle-content fusion-clearfix\">\n<p><a href=\"https:\/\/www.missouriwestern.edu\/finaid\/repay\/\">More Information<\/a><\/p>\n<\/div><\/div><\/div><div class=\"fusion-panel panel-default fusion-toggle-no-divider fusion-toggle-boxed-mode\" role=\"tabpanel\"><div class=\"panel-heading\"><h4 class=\"panel-title toggle\"><a aria-expanded=\"false\" aria-selected=\"false\" aria-controls=\"2e9c2408a3d8b7652\" role=\"tab\" data-toggle=\"collapse\" data-parent=\"#accordion-1165-1\" data-target=\"#2e9c2408a3d8b7652\" href=\"#2e9c2408a3d8b7652\"><span class=\"fusion-toggle-icon-wrapper\" aria-hidden=\"true\"><i class=\"fa-fusion-box\" aria-hidden=\"true\"><\/i><\/span><span class=\"fusion-toggle-heading\">大象传媒 Western Reporting Requirements<\/span><\/a><\/h4><\/div><div id=\"2e9c2408a3d8b7652\" class=\"panel-collapse collapse \"><div class=\"panel-body toggle-content fusion-clearfix\">\n<p><span style=\"font-family: georgia, palatino, serif; font-size: 12pt;\">All disbursed Federal Title IV, HEA Loan funds will be submitted to the <a href=\"https:\/\/studentaid.gov\/\" target=\"_blank\" rel=\"noopener\">National Student Loan Data System (NSLDS)<\/a>\u00a0and will be accessible by guaranty agencies, lenders, services, and other institutions determined to be authorized users of the data system.<\/span><\/p>\n<\/div><\/div><\/div><div class=\"fusion-panel panel-default fusion-toggle-no-divider fusion-toggle-boxed-mode\" role=\"tabpanel\"><div class=\"panel-heading\"><h4 class=\"panel-title toggle\"><a aria-expanded=\"false\" aria-selected=\"false\" aria-controls=\"4a4a2b1e27fc33cde\" role=\"tab\" data-toggle=\"collapse\" data-parent=\"#accordion-1165-1\" data-target=\"#4a4a2b1e27fc33cde\" href=\"#4a4a2b1e27fc33cde\"><span class=\"fusion-toggle-icon-wrapper\" aria-hidden=\"true\"><i class=\"fa-fusion-box\" aria-hidden=\"true\"><\/i><\/span><span class=\"fusion-toggle-heading\">One Time Student Loan Debt Relief<\/span><\/a><\/h4><\/div><div id=\"4a4a2b1e27fc33cde\" class=\"panel-collapse collapse \"><div class=\"panel-body toggle-content fusion-clearfix\">\n<p><a href=\"https:\/\/studentaid.gov\/manage-loans\/forgiveness-cancellation\/debt-relief-info\">More Information<\/a><\/p>\n<\/div><\/div><\/div><div class=\"fusion-panel panel-default fusion-toggle-no-divider fusion-toggle-boxed-mode\" role=\"tabpanel\"><div class=\"panel-heading\"><h4 class=\"panel-title toggle\"><a aria-expanded=\"false\" aria-selected=\"false\" aria-controls=\"9171799214acc2ab2\" role=\"tab\" data-toggle=\"collapse\" data-parent=\"#accordion-1165-1\" data-target=\"#9171799214acc2ab2\" href=\"#9171799214acc2ab2\"><span class=\"fusion-toggle-icon-wrapper\" aria-hidden=\"true\"><i class=\"fa-fusion-box\" aria-hidden=\"true\"><\/i><\/span><span class=\"fusion-toggle-heading\">Perkins Loan Information<\/span><\/a><\/h4><\/div><div id=\"9171799214acc2ab2\" class=\"panel-collapse collapse \"><div class=\"panel-body toggle-content fusion-clearfix\">\n<p>大象传媒 has discontinued\u00a0participation in the Perkins Loan Program. As a result,\u00a0all accounts have been assigned to the Department of Education.<\/p>\n<p><strong>What does this mean to me?<\/strong>\u00a0All communication, payments, account status and granted provisions, set forth in your promissory note(s), have been transferred to the Department of Ed\/ECSI Federal Perkins Servicer.<\/p>\n<p><strong>Managing Your Perkins Loan Online<\/strong><\/p>\n<p><a href=\"https:\/\/heartland.ecsi.net\/\" target=\"_blank\" rel=\"noopener\">https:\/\/heartland.ecsi.net\/<\/a>\u00a0\u2013 Federal Perkins Student Loan Managing online site for account review, address changes, benefits, deferments qualification, forms plus other Perkins information.\u00a0 Information you will need to provide to ECSI:<\/p>\n<ul>\n<li>School Code for MWSU: 00249000<\/li>\n<li>Your Social Security Number<\/li>\n<li>PIN assigned to you by ECSI.\u00a0 If you do not have this, contact ECSI at (866) 313-3797.<\/li>\n<\/ul>\n<p><strong>Service Cancellations<\/strong><\/p>\n<p>Upon making a properly documented written request to MWSU, you will be entitled to have up to 100 percent of the original principal loan amount canceled if you perform qualifying service in the following areas: Teaching, Early Intervention Services, Law Enforcement or Corrections Officer, Nurse or Medical Technician, Child or Family Service Agency or Head Start; or 50 percent of the principal amount of this loan canceled if you are a member of the Armed Forces of the United States in an area of hostilities that qualifies for special pay under section 310 of Title 36 of the United States Code; or 70 percent of the original principal loan amount canceled if you perform qualified services as a volunteer under the Peace Corps Act or Domestic Volunteer Service Act of 1973.<\/p>\n<p><strong>Questions?<\/strong><\/p>\n<p>Contact the\u00a0Department of ED\/ECSI Federal Perkins Servicer at (866) 313-3797.<\/p>\n<\/div><\/div><\/div><\/div><\/div>\n<\/div><div class=\"nav fusion-mobile-tab-nav\"><ul class=\"nav-tabs nav-justified\"><li><a class=\"tab-link\" data-toggle=\"tab\" role=\"tab\" aria-controls=\"tab-a3b74d74055a46a8029\" aria-selected=\"false\" tabindex=\"-1\" id=\"mobile-fusion-tab-federalplusloans-parents\" href=\"#tab-a3b74d74055a46a8029\"><h4 class=\"fusion-tab-heading\">Federal PLUS Loans - Parents<\/h4><\/a><\/li><\/ul><\/div><div class=\"tab-pane fade fusion-clearfix\" role=\"tabpanel\" tabindex=\"0\" aria-labelledby=\"fusion-tab-federalplusloans-parents\" id=\"tab-a3b74d74055a46a8029\">\n<p>The Federal PLUS Loan Program allows parents, with good credit histories, to borrow money to pay the educational expenses of dependent, undergraduate students enrolled at least half-time.<\/p>\n<p><strong>Interest Rate<\/strong><\/p>\n<p><span style=\"font-weight: 400;\">The PLUS interest rate is 9.08% percent for loans borrowed after July 1, 2024 and prior to June 30, 2025.<\/span><\/p>\n<p><strong>Origination Fee<\/strong><\/p>\n<p>The origination fee for PLUS loans is 4.228%.<\/p>\n<p><strong>Annual Limit<\/strong><\/p>\n<p>The annual limit on a PLUS loan is the student\u2019s\u00a0<a title=\"Determining Your Cost\" href=\"https:\/\/www.missouriwestern.edu\/finaid\/cost-of-attendance\/\" target=\"_blank\" rel=\"noopener noreferrer\">Cost of Attendance<\/a>\u00a0budget minus any other financial assistance received (including student loan funds).<\/p>\n<p style=\"padding-left: 90px;\">Cost of Attendance (COA)<br \/>\n-Estimated Financial Aid (EFA)<br \/>\nPLUS Loan Eligibility<\/p>\n<p>Beginning with the 2026-27 aid year, Parent PLUS loans will be capped at $20,000 annually. Parents will so have an aggregate limit of $65,000 per child.<\/p>\n<p>There is a legacy provision for students who received a direct loan disbursement prior to July 1, 2026 to allow them to continue receiving the parent PLUS loan at the current limit (Cost of Attendance minus any other aid) for up to three academic years or the completion of their current degree, whichever comes first. The legacy provision requires continuous enrollment, so if a student withdraws or stops out for a semester, they will no longer be under the legacy provisions.<\/p>\n<p><strong>To apply for a PLUS Loan:<\/strong><\/p>\n<ul>\n<li>The student must complete the\u00a0<a href=\"https:\/\/studentaid.gov\/h\/apply-for-aid\/fafsa\" target=\"_blank\" rel=\"noopener noreferrer\">Free Application for Federal Student Aid (FAFSA)<\/a>.<\/li>\n<\/ul>\n<ul>\n<li>The parent must complete the PLUS Request Process online at\u00a0<a href=\"https:\/\/studentaid.gov\/app\/launchPLUS.action?plusType=parentPlus\" target=\"_blank\" rel=\"noopener noreferrer\">studentaid.gov<\/a>.<\/li>\n<\/ul>\n<blockquote><p><strong>NOTE:<\/strong>\u00a0You, the parent, will need your Department of Education FSA ID to apply.<\/p><\/blockquote>\n<ul>\n<li>If you, the parent, are approved to borrow a PLUS loan, you must complete 大象传媒 Western\u2019s PLUS Loan Acceptance Form.<\/li>\n<\/ul>\n<ul>\n<li>If your PLUS request is denied, your student may be eligible to borrow additional loan funds under the Federal Direct Student Loan program.<\/li>\n<\/ul>\n<p>Once processed, PLUS funds will be sent to 大象传媒 Western in two equal disbursements to be applied to your student\u2019s charges for tuition, fees, room and board, and other eligible University expenses. Any remaining funds will be issued to you (the parent). Remaining funds must be used for educational expenses.<\/p>\n<p><strong>Repayment<\/strong><\/p>\n<p>Repayment on the PLUS Loan begins on the date the loan is fully disbursed (there is no grace period).<\/p>\n<p>If you are a parent borrower, you may contact your loan servicer to request a deferment while you or your child are enrolled at least half-time and for an additional six months after your child ceases to be enrolled at least half-time.<\/p>\n<p>If your loan is deferred, interest will accrue on the loan during the deferment. You may choose to pay the accrued interest or allow the interest to capitalize when the deferment period ends. Your loan servicer will notify you when your first payment is due.<\/p>\n<p><strong>More Information about PLUS Loans may be found online at <a href=\"https:\/\/studentaid.gov\/app\/launchPLUS.action?plusType=parentPlus\">studentaid.gov<\/a>.<\/strong><\/p>\n<\/div><div class=\"nav fusion-mobile-tab-nav\"><ul class=\"nav-tabs nav-justified\"><li><a class=\"tab-link\" data-toggle=\"tab\" role=\"tab\" aria-controls=\"tab-0c0a35ae6254aeb4b34\" aria-selected=\"false\" tabindex=\"-1\" id=\"mobile-fusion-tab-federalplusloans-gradstudents\" href=\"#tab-0c0a35ae6254aeb4b34\"><h4 class=\"fusion-tab-heading\">Federal PLUS Loans - Grad Students<\/h4><\/a><\/li><\/ul><\/div><div class=\"tab-pane fade fusion-clearfix\" role=\"tabpanel\" tabindex=\"0\" aria-labelledby=\"fusion-tab-federalplusloans-gradstudents\" id=\"tab-0c0a35ae6254aeb4b34\">\n<p>The Federal PLUS Loan Program allows graduate students, with good credit histories, to borrow money to pay educational expenses. To be eligible you must be a\u00a0graduate or professional student enrolled at least half-time at in a program leading to a graduate or professional degree or certificate.<\/p>\n<p><strong>Interest Rate<\/strong><\/p>\n<p><span style=\"font-weight: 400;\">The PLUS interest rate is 9.08% percent for loans borrowed after July 1, 2024 and prior to June 30, 2025.<\/span><\/p>\n<p><strong>Origination Fee<\/strong><\/p>\n<p>The origination fee for PLUS loans is 4.228%.<\/p>\n<p><strong>Annual Limit<\/strong><\/p>\n<p>The annual limit on a PLUS loan is your <a title=\"Determining Your Cost\" href=\"https:\/\/www.missouriwestern.edu\/finaid\/cost-of-attendance\/\" target=\"_blank\" rel=\"noopener noreferrer\">Cost of Attendance<\/a>\u00a0minus any other financial assistance received (including Direct loan funds).<\/p>\n<p>Cost of Attendance (COA)<br \/>\n-Estimated Financial Aid (EFA)<br \/>\nPLUS Loan Eligibility<\/p>\n<p><strong>To apply for a PLUS Loan, you must:<\/strong><\/p>\n<ul>\n<li>Complete the\u00a0<a href=\"https:\/\/studentaid.gov\/h\/apply-for-aid\/fafsa\" target=\"_blank\" rel=\"noopener noreferrer\">Free Application for Federal Student Aid (FAFSA)<\/a><\/li>\n<\/ul>\n<ul>\n<li>Complete the PLUS Request Process online at <a href=\"https:\/\/studentaid.gov\/app\/launchPLUS.action?plusType=gradPlus\">studentaid.gov<\/a>.<\/li>\n<\/ul>\n<blockquote><p><strong>NOTE:<\/strong>\u00a0You will need your Department of Education FSA ID to apply.<\/p><\/blockquote>\n<p>Once processed, PLUS funds will be sent to 大象传媒 Western in two equal disbursements to be applied to your charges for tuition, fees, room and board, and other eligible University expenses. Any remaining funds will be issued to you. Remaining funds must be used for educational expenses.<\/p>\n<p><strong>Repayment<\/strong><\/p>\n<p>If you receive a Direct PLUS Loan as a graduate or professional student, you don&#8217;t have to make any payments while you&#8217;re enrolled in school at least half-time, and for an additional six months after you graduate, leave school, or drop below half-time enrollment.<\/p>\n<p><strong>More Information about PLUS Loans may be found online at <a href=\"https:\/\/studentaid.gov\/app\/launchPLUS.action?plusType=gradPlus\">studentaid.gov<\/a>.<\/strong><\/p>\n<\/div><div class=\"nav fusion-mobile-tab-nav\"><ul class=\"nav-tabs nav-justified\"><li><a class=\"tab-link\" data-toggle=\"tab\" role=\"tab\" aria-controls=\"tab-b1ee1e09a1cfc7bed18\" aria-selected=\"false\" tabindex=\"-1\" id=\"mobile-fusion-tab-mofelploan-0%interest\" href=\"#tab-b1ee1e09a1cfc7bed18\"><h4 class=\"fusion-tab-heading\">MOFELP Loan - 0% Interest<\/h4><\/a><\/li><\/ul><\/div><div class=\"tab-pane fade fusion-clearfix\" role=\"tabpanel\" tabindex=\"0\" aria-labelledby=\"fusion-tab-mofelploan-0%interest\" id=\"tab-b1ee1e09a1cfc7bed18\">\n<p data-pm-slice=\"1 1 &#091;&#093;\"><strong>**For the 2025-2026 academic year, MSLF will only issue new MOFELP loans to eligible students who have previously utilized this loan program in the 2024-2025 academic year or earlier. **<\/strong><\/p>\n<p>The 大象传媒 Scholarship &amp; Loan Foundation (MSLF) and the Higher Education Loan Authority of the State of 大象传媒 (MOHELA) are pleased to offer the 大象传媒 Family Education Loan Program (MOFELP). MOFELP is a private student loan program designed to provide borrowing options for 大象传媒 students who have financial need but may not meet the traditional credit requirements for private loans.<\/p>\n<p>The funds for MOFELP are limited for each academic year and are available on a first come, first served basis. These funds, while available, will be used to make <strong>interest free <\/strong>MOFELP loans to students attending Participating Schools who meet the eligibility, underwriting and other requirements.<\/p>\n<p><strong>Eligibility Requirements<\/strong><\/p>\n<ul>\n<li>Be enrolled on a full-time basis as an undergraduate student (excluding summer and your final semester).<\/li>\n<li>Be making satisfactory academic progress as determined by your Participating School.<\/li>\n<li>Have an Expected Family Contribution (EFC) of $20,000 or less for the current academic year.<\/li>\n<li>Be at least 17 years of age.<\/li>\n<li>Be a United States citizen and a permanent 大象传媒 resident with your primary domicile located in 大象传媒.<\/li>\n<li>Not have a bachelor\u2019s degree.<\/li>\n<li>Have a composite score of at least 21 on ACT or SAT equivalent; or have an Grade Point Average (GPA) of 2.5 or higher at high school, participating school, or another institution.<\/li>\n<li>Receive the maximum loan amounts for which the student is eligible for the Direct Subsidized Loans and Unsubsidized Loans.<\/li>\n<li>Not have a conviction for fraud.<\/li>\n<li>Have Certified Financial Need.<\/li>\n<li>Have a two year credit history (or have a cosigner with a two year credit history).<\/li>\n<li>Not at any time have been more than 60 days delinquent on any MOFELP loan payment.<\/li>\n<li>Meet the applicable credit underwriting criteria (or have a cosigner that meets the criteria).<\/li>\n<\/ul>\n<p style=\"padding-left: 160px;\"><a href=\"https:\/\/mslf.mohela.com\/DL\/secure\/borrower\/findFormList.aspx\"><strong>Application Packet<\/strong><\/a><\/p>\n<p style=\"padding-left: 160px;\"><strong><a href=\"https:\/\/www.moslf.org\/Borrower\/UploadFile.aspx\">Upload Completed Application to MOFELP<\/a><\/strong><\/p>\n<\/div><div class=\"nav fusion-mobile-tab-nav\"><ul class=\"nav-tabs nav-justified\"><li><a class=\"tab-link\" data-toggle=\"tab\" role=\"tab\" aria-controls=\"tab-c3e9a5ae907a077407a\" aria-selected=\"false\" tabindex=\"-1\" id=\"mobile-fusion-tab-privatealternativeloans\" href=\"#tab-c3e9a5ae907a077407a\"><h4 class=\"fusion-tab-heading\">Private Alternative Loans<\/h4><\/a><\/li><\/ul><\/div><div class=\"tab-pane fade fusion-clearfix\" role=\"tabpanel\" tabindex=\"0\" aria-labelledby=\"fusion-tab-privatealternativeloans\" id=\"tab-c3e9a5ae907a077407a\">\n<p>Alternative Loans are private loans designed to help students with educational expenses that exceed other available assistance. You are strongly encouraged to exhaust Federal loan eligibility before considering private loans.<\/p>\n<p>Various lenders provide different types of loans as well as broad terms and interest rates. For this reason, we advise all borrowers considering alternative loans to research the market and choose the loan program that is right for their specific circumstances.<\/p>\n<p>These loans are credit based and as such are not guaranteed to all borrowers. Additionally, they cannot be consolidated with Federal Student Loans and the interest rates are based on credit and lender policy.<\/p>\n<p data-pm-slice=\"1 1 &#091;&#093;\">The lenders included in 大象传媒 Western\u2019s historical list have all made a loan for a student at 大象传媒 Western within the last 3 years. 大象传媒 Western does not have any agreements with these lenders, nor do we receive any benefits when a student selects a specific lender. The lenders names are provided in random rotating order. If you wish to use an alternative lender that is not on this list, you are encouraged to do so.<\/p>\n<p><a href=\"https:\/\/choice.fastproducts.org\/FastChoice\/home\/249000\"><strong>Access 大象传媒 Western&#8217;s Historical Lender List<\/strong><\/a><\/p>\n<\/div><\/div><\/div><div class=\"fusion-clearfix\"><\/div><\/div><\/div><div class=\"fusion-layout-column fusion_builder_column fusion-builder-column-1 fusion_builder_column_1_4 1_4 fusion-one-fourth fusion-column-last\" style=\"width:25%;width:calc(25% - ( ( 4% ) * 0.25 ) );margin-top:0px;margin-bottom:20px;\"><div class=\"fusion-column-wrapper fusion-flex-column-wrapper-legacy\" style=\"background-position:left top;background-repeat:no-repeat;-webkit-background-size:cover;-moz-background-size:cover;-o-background-size:cover;background-size:cover;padding: 0px 0px 0px 0px;\"><div class=\"fusion-content-boxes content-boxes columns row fusion-columns-1 fusion-columns-total-1 fusion-content-boxes-2 content-boxes-icon-with-title content-left\" data-animationOffset=\"100%\" style=\"margin-top:0px;margin-bottom:20px;\"><style type=\"text\/css\">.fusion-content-boxes-2 .heading .content-box-heading {color:#000000;}\n\t\t\t\t\t.fusion-content-boxes-2 .fusion-content-box-hover .link-area-link-icon-hover .heading .content-box-heading,\n\t\t\t\t\t.fusion-content-boxes-2 .fusion-content-box-hover .link-area-link-icon-hover .heading .heading-link .content-box-heading,\n\t\t\t\t\t.fusion-content-boxes-2 .fusion-content-box-hover .link-area-box-hover .heading .content-box-heading,\n\t\t\t\t\t.fusion-content-boxes-2 .fusion-content-box-hover .link-area-box-hover .heading .heading-link .content-box-heading,\n\t\t\t\t\t.fusion-content-boxes-2 .fusion-content-box-hover .link-area-link-icon-hover.link-area-box .fusion-read-more,\n\t\t\t\t\t.fusion-content-boxes-2 .fusion-content-box-hover .link-area-link-icon-hover.link-area-box .fusion-read-more::after,\n\t\t\t\t\t.fusion-content-boxes-2 .fusion-content-box-hover .link-area-link-icon-hover.link-area-box .fusion-read-more::before,\n\t\t\t\t\t.fusion-content-boxes-2 .fusion-content-box-hover .fusion-read-more:hover:after,\n\t\t\t\t\t.fusion-content-boxes-2 .fusion-content-box-hover .fusion-read-more:hover:before,\n\t\t\t\t\t.fusion-content-boxes-2 .fusion-content-box-hover .fusion-read-more:hover,\n\t\t\t\t\t.fusion-content-boxes-2 .fusion-content-box-hover .link-area-box-hover.link-area-box .fusion-read-more,\n\t\t\t\t\t.fusion-content-boxes-2 .fusion-content-box-hover .link-area-box-hover.link-area-box .fusion-read-more::after,\n\t\t\t\t\t.fusion-content-boxes-2 .fusion-content-box-hover .link-area-box-hover.link-area-box .fusion-read-more::before,\n\t\t\t\t\t.fusion-content-boxes-2 .fusion-content-box-hover .link-area-link-icon-hover .icon .circle-no,\n\t\t\t\t\t.fusion-content-boxes-2 .heading .heading-link:hover .content-box-heading {\n\t\t\t\t\t\tcolor: #000000;\n\t\t\t\t\t}\n\t\t\t\t\t.fusion-content-boxes-2 .fusion-content-box-hover .link-area-box-hover .icon .circle-no {\n\t\t\t\t\t\tcolor: #000000 !important;\n\t\t\t\t\t}.fusion-content-boxes-2 .fusion-content-box-hover .link-area-box.link-area-box-hover .fusion-content-box-button {background: rgba(255,199,0,0.7);color: #000000;}.fusion-content-boxes-2 .fusion-content-box-hover .link-area-box.link-area-box-hover .fusion-content-box-button .fusion-button-text {color: #000000;}\n\t\t\t\t\t.fusion-content-boxes-2 .fusion-content-box-hover .link-area-link-icon-hover .heading .icon > span {\n\t\t\t\t\t\tbackground-color: #000000 !important;\n\t\t\t\t\t}\n\t\t\t\t\t.fusion-content-boxes-2 .fusion-content-box-hover .link-area-box-hover .heading .icon > span {\n\t\t\t\t\t\tborder-color: #000000 !important;\n\t\t\t\t\t}<\/style><div class=\"fusion-column content-box-column content-box-column content-box-column-1 col-lg-12 col-md-12 col-sm-12 fusion-content-box-hover content-box-column-last content-box-column-last-in-row\"><div class=\"col content-box-wrapper content-wrapper link-area-link-icon icon-hover-animation-fade\" style=\"background-color:rgba(255,255,255,0);\" data-animationOffset=\"100%\"><div class=\"heading icon-left\"><h2 class=\"content-box-heading\" style=\"font-size:18px;line-height:23px;\">QuickLinks<\/h2><\/div><div class=\"fusion-clearfix\"><\/div><div class=\"content-container\" style=\"color:#747474;\">\n<p><a href=\"https:\/\/studentaid.gov\/app\/counselingInstructions.action?counselingType=entrance\" target=\"_blank\" rel=\"noopener noreferrer\">Entrance\u00a0Loan\u00a0Counseling<\/a><\/p>\n<p><a href=\"https:\/\/studentaid.gov\/app\/counselingInstructions.action?counselingType=exit\">Exit Loan Counseling<\/a><\/p>\n<p><a href=\"https:\/\/studentaid.gov\/app\/launchMpn.action\">Master Promissory Note<\/a><\/p>\n<p><a href=\"https:\/\/studentaid.gov\/app\/launchPLUS.action?plusType=parentPlus\" target=\"_blank\" rel=\"noopener noreferrer\">PLUS Loan Application (Parents)<\/a><\/p>\n<p><a href=\"https:\/\/studentaid.gov\/app\/launchPLUS.action?plusType=gradPlus\">PLUS Loan Application (Grad Students)<\/a><\/p>\n<p><a href=\"https:\/\/fsapartners.ed.gov\/sites\/default\/files\/2023-06\/H450PrivateEducationLoanApplicantSelfCertificationForm.pdf\">Private Education Loan Applicant Self Certification<\/a><\/p>\n<p><a href=\"https:\/\/www.irs.gov\/pub\/irs-pdf\/p970.pdf\" target=\"_blank\" rel=\"noopener noreferrer\">Tax Benefits for Education<\/a><\/p>\n<\/div><\/div><\/div><style type=\"text\/css\">\n\t\t\t\t\t\t.fusion-content-boxes-2 .fusion-content-box-hover .heading-link:hover .icon i.circle-yes,\n\t\t\t\t\t\t.fusion-content-boxes-2 .fusion-content-box-hover .link-area-box:hover .heading-link .icon i.circle-yes,\n\t\t\t\t\t\t.fusion-content-boxes-2 .fusion-content-box-hover .link-area-link-icon-hover .heading .icon i.circle-yes,\n\t\t\t\t\t\t.fusion-content-boxes-2 .fusion-content-box-hover .link-area-box-hover .heading .icon i.circle-yes {\n\t\t\t\t\t\t\tbackground-color: #000000 !important;\n\t\t\t\t\t\t\tborder-color: #000000 !important;\n\t\t\t\t\t\t}<\/style><div class=\"fusion-clearfix\"><\/div><\/div><div class=\"fusion-clearfix\"><\/div><\/div><\/div><\/div><\/div>\n","protected":false},"excerpt":{"rendered":"","protected":false},"author":3,"featured_media":0,"parent":0,"menu_order":0,"comment_status":"closed","ping_status":"closed","template":"","meta":{"_mi_skip_tracking":false},"categories":[],"tags":[],"_links":{"self":[{"href":"https:\/\/www.missouriwestern.edu\/finaid\/wp-json\/wp\/v2\/pages\/1165"}],"collection":[{"href":"https:\/\/www.missouriwestern.edu\/finaid\/wp-json\/wp\/v2\/pages"}],"about":[{"href":"https:\/\/www.missouriwestern.edu\/finaid\/wp-json\/wp\/v2\/types\/page"}],"author":[{"embeddable":true,"href":"https:\/\/www.missouriwestern.edu\/finaid\/wp-json\/wp\/v2\/users\/3"}],"replies":[{"embeddable":true,"href":"https:\/\/www.missouriwestern.edu\/finaid\/wp-json\/wp\/v2\/comments?post=1165"}],"version-history":[{"count":170,"href":"https:\/\/www.missouriwestern.edu\/finaid\/wp-json\/wp\/v2\/pages\/1165\/revisions"}],"predecessor-version":[{"id":4310,"href":"https:\/\/www.missouriwestern.edu\/finaid\/wp-json\/wp\/v2\/pages\/1165\/revisions\/4310"}],"wp:attachment":[{"href":"https:\/\/www.missouriwestern.edu\/finaid\/wp-json\/wp\/v2\/media?parent=1165"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.missouriwestern.edu\/finaid\/wp-json\/wp\/v2\/categories?post=1165"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.missouriwestern.edu\/finaid\/wp-json\/wp\/v2\/tags?post=1165"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}