Accepting your Student Loans

How to apply/accept for your Federal Direct Stafford Subsidized/Unsubsidized Loans:

  1. Go to www.studentloans.gov
  2. After logging in with your information (including your FAFSA PIN),
    you will need to complete the Entrance Counseling and the
    Master Promissory Note (MPN) for the Subsidized/Unsubsidized Loans.
  3. The Federal Direct Stafford Student Loan documents are only completed once during your time at St Olaf.
  4. Make sure you have indicated your acceptance of this loan through “Financial Aid Online” in the ‘Accept Award’ tab.

How to apply/accept for your Federal Perkins Loans:

  1. Go to Apply for your Perkins Loan
  2. After logging in with your information (including your FAFSA PIN),
    you will need to complete the Entrance Interview and the
    Master Promissory Note (MPN) for the Perkins Loan.
  3. The Federal Perkins Loan documents are only completed once during your time at St Olaf.
  4. Make sure you have indicated your acceptance of this loan through “Financial Aid Online” in the ‘Accept Award’ tab.

How to apply/accept your Student Alternative Loan:

  1. St. Olaf College does not suggest nor endorse lenders – students may choose any lender who offers alternative educational loans for students who attend St. Olaf. We offer a student alternative loan lender selection tool, FASTChoice, compiled of lenders that other St. Olaf students have utilized in the past 3-5 years. Again, you are welcome to choose any lender you wish. Here is a more comprehensive list of Student Alternative Loans that may offer additional options. The lender selection tool will provide you with information on each loan product in a way that helps you understand and compare them.
  2. Each lender has a different process. You will need to contact your individual lender to know the exact steps for your specific scenario.