Federal Stafford Student Loan

• To apply for a Federal Stafford Student loan you must Indicate your interest in the loan by your by response to question #26 on the FAFSA.
• Accept your loan via MYWCU at the West Chester University Web site.
• First-time borrowers must complete an On-line Entrance Interview via www.aessuccess.org.
• First-time borrowers must sign a Master Promissory Note (MPN). You may sign a MPN on-line version using your federal PIN.
• Previous borrowers do not usually need to sign a Master Promissory Note (MPN), or do entrance counseling more than once.

Federal Perkins Student Loan

• Complete your FAFSA in compliance with the March 1st deadline. Your record will be  automatically screened for Federal Perkins Loan eligibility. Federal Perkins Student Loans are offered to "high need" students. Cost of Attendance (COA) minus Expected Family Contribution (EFC) = need.
• If you are offered a Federal Perkins Loan you MUST..
• Accept your loan via MYWCUat the West Chester University Web site.
• First-time borrowers must complete an Entrance Interview. Do so by visiting www.Mapping-Your-Future.org .
• Complete an Acknowledgement/Reference Form available at  www.Mapping-Your-Future.org .  and the WCU website.
• First time borrowers and previous WCU borrowers (loans prior to 7-1-2006 ) must complete a Master Promissory Note (MPN).
• Federal Perkins Student Loan MPNs are available in the financial aid office 48 business hours AFTER you accept your loan on-line at MYWCU and complete the online entrance interview.

Federal Nursing Loan

• Nursing majors (only) that have filed their FAFSA in compliance with the March 1st deadline will be reviewed for Nursing Loan eligibility.
• First-time borrowers must sign a Promissory Note & complete an in-person Entrance Interview.
• Previous borrowers need to sign a Promissory Note for every loan advance they receive.

Parent Loan for Undergraduate Students (PLUS)

• Parents with good credit histories may borrow funds to help pay educational expenses of a dependent child enrolled at least half-time.
• Parents are notified both by the school and lender of the amount awarded.

Alternative Loans

• Alternative Loans are education loans that have, depending on the lender, a variety of terms and rates. Students with sufficient income and credit may be borrowers on these loans; parents may be borrowers or co-signers if their students do not meet the lender’s income and/or credit criteria.
• Students and parents should carefully consider interest rates and terms ("comparison shop").