Financial Aid Loan Application Process
Please note:
- The financial aid award letter and FAFSA are not loan applications.
- Loans cannot be certified without the award letter, online entrance counseling and the loan application process completed (please see online Stafford, PLUS and Private loan links below).
- All financial aid awarded will be applied to your account after the drop/add period.
- If you have not yet filed a 2008-2009 FAFSA, you must file at www.fafsa.ed.gov in order to be eligible for federal and state loan programs.
- The Financial Analyst will notify you by email once loan funds are received.
- Refunds, if applicable, will be mailed to your listed home address or electronically deposited to your account by Jennifer Loretto, Financial Analyst, within 14 business days of disbursement by the Financial Aid Office.
- You must complete the Authorization to Retain Credit Balance form (available online at www.aultmancollege.org) in order to roll over refunds to the following semester
- Account Balance and refund information can be found on the CAMS Student Portal or by contacting Jennifer Loretto, Financial Analyst, at jloretto@aultman.org.
Resources for Student Borrowers:
Stafford Loans (Subsidized, Unsubsidized, Parent PLUS)
Federal Student loans (Stafford) have more favorable terms than private loans. These loans are guaranteed by the government, and the government sets their low interest rate. Nearly all students are eligible to receive federal student loan money (regardless of credit score or other financial issues), and they also get a grace period after school when no payments are due.
Students borrowing Stafford loans are required to participate in the following loan counseling sessions: Apply for Your Loan
Both the Loan Entrance Counseling and the Master Promissory Note for the Stafford and PLUS loans can be completed from this loan link. It is recommended that you sign your MPN electronically using your FAFSA PIN number in order to expedite the loan approval process.
Online Loan Stafford Exit Interview - Must be completed prior to graduation or dropping below half-time (5 credit hours or less)
Private Loans
Private student loans (also known as alternative student loans or personal student loans) can help you pay for college, generally at better interest rates than other lines of credit.
You should only use private student loans as supplemental funding after you have exhausted all other sources of financial aid, including grants, scholarships, and federal student loans.
As with any student loan, be conservative and only borrow what you absolutely need.
Private
PNC Bank
Sallie Mae
Stark County Private Loans
Wells Fargo
Please go to Helpful Links for more information on Financial Aid
