In many cases, students must take additional steps in order to ensure all financial aid programs listed on the award letter are ready to be applied to the tuition bill.
All financial aid offers are made with a student’s expected enrollment status (i.e. full-time, half-time) in mind. The anticipated enrollment status is displayed on the student’s award letter. If your expect your enrollment status to be different than what is listed on your award letter, please contact the Student Financial Services Office to request a revision of your aid package. Financial aid awards based on an incorrect enrollment status will not disburse to your student account, nor will they appear on your billing statement.
Financial aid packages are often prepared for students before all required supporting documentation is available (i.e. tax information). In these situations, the awards are considered tentative and are pending until confirmation of FAFSA information is received. Students with outstanding verification items will be notified on both the award letter itself and with a separate letter requesting the needed documentation. It is extremely important all required documentation be submitted in a timely manner as we are unable to apply financial aid to your tuition account until all necessary items are received. Visit the verification section for more details.
Federal Direct Loans (Subsidized & Unsubsidized)
If you are a first-time Federal Direct Loan borrower at Suffolk University, you must complete the following steps to ensure your loan funding is disbursed to your tuition account:
1. Complete Entrance Counseling
2. Complete the Master Promissory Note (MPN)
Both items can be completed online at www.studentloans.gov using your four-digit FAFSA pin number. You need only complete one MPN and entrance counseling for the Federal Direct Loan program, even if you are receiving both Subsidized and Unsubsidized funds.
Federal Perkins and Institutional College Loans
First-time borrowers must complete Entrance Counseling and a Master Promissory Note (MPN) for Perkins Loans and College Loans with the Bursar’s Office. Please note: these are separate from the requirements for the Federal Direct Loan. Each year, a student must also complete an annual disclosure statement. Once all requirements have been satisfied, the loan is eligible for disbursement to the student’s tuition account.
Federal PLUS Loans
Federal Plus loans also require first-time borrowers at Suffolk to complete a Master Promissory Note (MPN). For the Parent Plus loan program, please make sure the parent who requested the PLUS loan is the same parent who completes the MPN. The student completes the MPN for the Graduate PLUS loan program.