Student Financial Services
Loan Process
Application
Free Application for Federal Student Aid (FAFSA)
Complete the FAFSA and any other required documentation for financial aid. The Office of Financial Aid or the Alpert Medical School Office of Financial Aid will create your financial aid offer.
Loan Request Form
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.
The Brown Promise initiative eliminates packaged loans from all undergraduate financial aid offers.
Review and Accept or Decline Offers
Students must accept or decline loans online through Banner Self Service beginning May 2nd each academic year. Go to the Financial Aid tab, select Accept Award Offers, complete the information, and “Submit Decision.” Students can choose to accept the full amount offered, a partial amount based on what is needed, or decline any loan.
Complete All Requirements
Review Unsatisfied Requirements
Immediately after you accept loans, scroll down to view any Unsatisfied Requirements and related instructions.
Review Unsatisfied Requirements
Direct Loan Requirements
Direct Loan 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.
- Students complete the Direct Loan Master Promissory Note and Direct Loan Entrance Counseling.
- Parents and Grad/MD students wishing to borrow PLUS Loan, review the PLUS Loan Application process and requirements.
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
All loan requirements must be completed and the scheduled disbursement date must pass before loan funds will be disbursed (paid) to the student account. Loan funds are typically scheduled to disburse a few days before the 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.
Plan Ahead
Visit the "Manage Loans" section of StudentAid.gov to view your federal student aid history and get federal servicer's contact information.
Borrowers can also get details of institutional loans on Banner Self Service.
Exit Counseling is a mandatory requirement whether you are taking a leave of absence, withdrawing, graduating, or enrolling less than half-time.
Loans enter a grace period when you leave school. No payments are required, but it's a great time to pay down your debt and reduce your overall cost of repayment. It's also a good time to make decisions about loan repayment, get to know your servicers, and set up online account access.
You want to be prepared before your loans enter repayment.