Loans are administered in partnership between the Office of Financial Aid and Student Financial Services. 

• The Office of Financial Aid (OFA) determines loan eligibility and creates award offers. All aid applicants must submit the Free Application for Federal Student Aid (FAFSA) each academic year. Learn more: Undergraduate Students, Graduate Students, Medical Students.
• Student Financial Services (SFS) notifies students to accept or decline their offered loans; processes PLUS Loan applications; and notifies borrowers to complete loan counseling and promissory note requirements for all loan programs. SFS disburses loans to students' accounts once all requirements are completed and the semester has begun.

Loan Request Form

The Brown Promise initiative eliminates packaged loans from all undergraduate financial aid offers. Undergraduate students wishing to borrow loans should complete the Loan Request Form in Banner Self Service by following the link to ‘Request Loans or Accept Loan Offers’ in the ‘Undergraduate Students’ options menu.

PLUS Loans

Review the PLUS Loan eligibility and application details outlined in our Federal Loans page. 

Students who wish to borrow loans must actively accept their offered loans. Loans that remain in offered status will not appear as memo/anticipated credits on the student account.

To accept or decline offered loans, students log in to Banner Self Service, select the Financial Aid tab, select Accept Award Offers, complete the information, and “Submit Decision.” Students can choose to accept the full amount offered, accept a partial amount, or decline any loan.

After a loan is accepted, a temporary memo credit will appear on the student account which reduces the account balance. This temporary memo credit will remain on the account until the loan is disbursed (paid to the student account) or until the memo credit expires (October 15th for the fall; February 15th for the spring). If the loan is not disbursed and the memo credit expires, the student is responsible for paying the full outstanding student account balance. 

Immediately after you accept loans in Banner Self Service, scroll down to view any Unsatisfied Requirements and related instructions.

Direct Loan Requirements

The Direct Loan Master Promissory Note and Direct Loan Entrance Counseling requirements can be completed online immediately through studentaid.gov but will not be updated in Banner until we import the information from the Department of Education.

Institutional Loan Requirements

Institutional Loan materials will be created once per week on Thursday evenings and you will receive a detailed email once the materials are ready to be completed online. Borrowers must wait to receive this email and then complete requirements.

Disbursement is when the loan is paid to the student account.

All loan requirements must be completed and the scheduled disbursement date for the semester must pass before loan funds will be disbursed (paid) to the student account. The scheduled disbursement date is typically a few days before each semester begins. If the loan disbursement results in a credit balance on the student account, students may request an eRefund of their student account credit balance (overpayment).  Refunds will be processed beginning on the first day of classes.