Georgia Institute of Technology

Loan Information and Processes


New Loan Program for the 2009-2010 Academic Year (Fall 2009, Spring 2010)

New steps required for all borrowers

Beginning with Fall, 2009, Georgia Tech will participate in the Federal Direct Loan Program. Participation in Direct Lending provides a streamlined, high-quality, cost-effective, and dependable loan program for Georgia Tech families. The Federal Direct Loan Program includes: Subsidized Direct Student Loans, Unsubsidized Direct Student Loans, Direct Parent PLUS Loans, and Graduate Direct PLUS Loans. Comprehensive information on these loans is available at www.direct.ed.gov.

  • To apply, complete the 2009-2010 FAFSA and Georgia Tech Application for Scholarships and Financial Aid (GTAPP). Indicate on the GTAPP that you want to be considered for loans.
  • To finalize loans that appear on your 2009-2010 Award Letter, there are three steps:

 

Timeframe

Action

Step #1

Beginning Now Through July 31

Submit
(A) the online 2009-2010 Direct Student Loan Certification and/or
(B) the 2009-2010 Direct Parent PLUS Loan Request (Parents of undergraduate students only) or
(C) the 2009-2010 Direct Grad PLUS Loan Certification (Graduate students only)

Step #2

Beginning Now Through July 31 -- from time of completion, please allow 2-3 business days for OSCAR to update.

Complete Student Loan Counseling at www.dl.ed.gov
Be sure to complete the counseling for the correct loan program. Undergraduates complete "Stafford Loans".
Graduates complete "Stafford" or "Both"

Step #3

It's not necessary to wait for the Federal Direct Loan Program to send notices that it’s time to complete this step. -- from time of completion, please allow 2-3 business days for OSCAR to update.

Sign the electronicMaster Promissory Note (MPN) now or on receipt of your notice

Step #4

Beginning now through August 1

Sign up for Direct Deposit See Bursar page for details: http://www.bursar.gatech.edu/dirdep.php

Step #5

During registration period

Register for at least 6 credit hours. Disbursements to eligible students begin on the Wednesday before the first day of class.

Direct Lending FAQs

Student Direct Lending Brochure

Parent Direct Lending Brochure

Other Loans at Georgia Tech: