Loan Information and Processes
Loans for the 2008-2009 Academic Year (Fall 2008, Spring 2009, Summer 2009)
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. Comprehensive information on these loans is available at www.direct.ed.gov.
The Federal Direct Loan Program includes: Subsidized Direct Student Loans, Unsubsidized Direct Student Loans, Direct Parent PLUS Loans, and Graduate Direct PLUS Loans.
- 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 June 30 |
Submit the online 2009-2010 Direct Student Loan Certification and/or the 2009-2010 Direct Parent PLUS Loan Request or the 2009-2010 Direct Grad PLUS Loan Certification |
Step #2 |
Beginning Now Through June 30 |
Complete Student Loan Counseling at www.dl.ed.gov |
Step #3 |
Beginning July 1 for Fall semester, OSFA will send notices that it’s time to complete this step. |
Sign the electronicMaster Promissory Note (MPN) 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. |
Student Direct Lending Brochure
Parent Direct Lending Brochure
Other Loans at Georgia Tech: