2441 Kenwood Circle, Mansfield, Ohio 44906 • 419-755-4800 • 888-755-4899



You must be registered in at least six (6) credit hours of required course work  to be eligible for a loan.  If you drop below six (6) credit hours, your loan will be cancelled.

Loan Disbursements

Student loans are processed in two parts each semester. The first half of a student loan will be applied to your account on the 5th week of the semester, if a refund is due at that time, a direct deposit or paper check will be made on the 6th week. The second half of a student loan will be processed on the 10th week of a term. If a refund is due at that time it will be processed on the 11th week of the term. "Late Start" classes can delay a refund check.

New 150% Rule

The U.S. Department of Ed has issued this information concerning first time student loan borrowers and the Department's 150% rule. Please take the time to read this announcement.

Student Loans and the 150% Rule

Refunds and Late Start Classes

Not all classes start the first week of the semester. If you are enrolled in a late start class, your financial aid or refund may be affected. Students are not eligible to have aid applied for a late start class until the class begins and your instructor reports you as having attended. Refunds of excess aid may occur later for a class that begins after the first week of the semester. Please check your award letter and "Aid Award Notes" insert for more information.

Last day to request an increase or accept an offered student loan is the Friday of the 3rd week of each  term.


The feds say no aid for non-essential courses.

The U.S. Department of Education is tightening rules for financial aid eligibility.  For courses to count for financial aid purposes, they must now be required courses listed on your degree audit.

Students can no longer take courses just to increase the amount of their financial aid.  The College’s computer system “knows” what courses are required for your major, and will base the amount of your financial aid on eligible credit hours. 

EX: You may be enrolled in nine credit hours, but if a three-credit hour course is not required for your degree, the computer will calculate your aid on only six hours.

If you have any questions as to what classes are required for your major, it is imperative that you consult with your faculty advisor or a success coach in the Student Success Center.


Direct Loan FAQs

What are the eligibility requirements?

What is Entrance Counseling and Exit Counseling?

What is a Mastor Promissory Note?

What will happen to my previous Stafford Loans?

How much do I currently owe?

How much can I borrow?

Do I have to take the loan offered in my Financial Aid Award Letter?

What if I need to borrow more money than the amount in my Financial Aid Award Letter?

What if I borrowed too much?

What if I didn't borrow enough?

How do I clear a previous loan default?

Applying for a Direct Loan

After completing the general Financial Aid Application Process, the Financial Aid Office will automatically award you a Direct Loan in the "Offered" status on your Financial Aid Award Letter.

Accepting the Direct Loan

*Please allow 5 days office processing time after completing E-mpn and Entrance counseling for loans to appear on your account*

To recieve the student loan you must:

  1. If you have had a loan at the College in the last four years and you do want to receive the loan awarded to you for this year, you need do nothing, the loan is approved and accepted.

  2. If you have not had a loan here in the last four years and you do want to receive the loan awarded to you for this year, you must “accept” the loan.You do this by completing both entrance counseling and a Master Promissory Note.

  3. Complete Entrance Counseling for the new Direct Loan at https://StudentLoans.gov or follow the link provided at MyNC.
    All new students, transfer students, and new loan borrowers must complete Direct Loan Entrance Counseling regardless of any previous Entrance Counseling for other loans or schools.
  4. Sign a Master Promissory Note at https://StudentLoans.gov or follow the links provided at MyNC.
    All students, new loan borrowers, and transfer students must complete an E-mpn.
  5. You will see the loan funds included in your ACCOUNT SUMMARY BY TERM on MyNC within 5 business days of completion of these steps.
    Print and keep your confirmations, Entrance Counseling and Master Promissory Note submissions.
  • If you do not want the offered loan, or want a lesser amount, please use the Loan Adjustment/Cancellation Form for the current academic school year.

Eligibility Reqirements

  • Not in default on a Federal student loan and do not owe a repayment on a Federal grant; and
  • Enrolled and actively attending/participating for at least six required credit hours in a program eligible for Federal aid; and
  • Federal Pell Grant eligibility has been determined by completing the FAFSA; and
  • Satisfactory Academic Progress standards are met; and
  • You have unmet need in paying for your NC State education; and
  • You have completed all loan application procedures, ie: entrance counseling and e-mpn.

Entrance/Exit Counseling

Counseling helps you understand all the details of the loan agreement and covers topics like:

  • When to start repaying your loan
  • The cost of interest
  • Consequences of failing to repay your loan

All borrowers must complete Entrance Counseling for the Direct Loan program regardless of any previous Entrance Counseling for other loans.

If you have previous loans you must also complete Exit Counseling provided by the school that issued your previous loans.

When you graduate, become a less than half time student, or discontinue attending classes, you must complete Exit Counseling on-line.

Master Promissory Note

A Master Promissory Note is the legal contract between you and the lender by which you promise to repay the loan. Signing a MPN is the first step in accepting a Direct Loan from your Financial Aid Award Letter. A MPN may be signed on-line at https://StudentLoans.gov

Things to know before signing the Direct Loan E-MPN:

  • your FSA ID
  • you are an UNDERGRADUATE while attending NCSC
  • you are completing an E-MPN for Subsidized/Unsubsidized loan. (Not a Graduate PLUS or Parent PLUS)

What You Owe

You can see all of your loan information at the National Student Loan Data System (NSCDS). This system lists all of the student loans you have received at various schools.


Please check this website BEFORE accepting more loans. The total amount you owe may be more than you realize.

Changing Loan Amounts

You can request a different amount than the number shown in your Financial Aid Award Letter. Use the Loan Adjustment/Cancellation Form to lower the amount, raise the amount or cancel the loan.

If you need to borrow more money after accepting the original Financial Aid Award Letter amount, please contact the Financial Aid Office.

Please note, we will not process loan increases for the current term after the third week of that term unless the student owes a tuition bill.

Maximum Loan Amounts

A typical student receives $3500 to $4500 per year in loans. You can borrow larger amounts if you meet specific criteria.

Borrowing Too Much

Borrowing more than is needed to pay for tuition and books is highly discouraged. Direct Loans are meant to pay for tuition, books and school related expenses. Do not borrow more than you need to also pay for non-school related items. Direct Loans cannot legally be used to pay for your personal living expenses or to purchase an automobile.

If you borrowed too much:

  • Pay the excess amount back to the lender
  • Or save the excess amount for the next school year tuition and books

Clearing Previous Loan Defaults

If you are in default on a previous loan you will not be offered new loans at NC State. However, you can clear a default by submitting a Default Clearance Form. This will allow you to be reinstated for new loans at NC State.

All default clearance forms must be received by the first week of the term for aid eligibility to be restored for that term. Any defaults cleared after the first week will be reviewed for the next term.



 Loan Forms

Default Clearance form download PDF

In-School Deferment Form

2017/2018 Student Loan  Adjustment form

How Much Can I Borrow?

Chart showing loans, financial aid, and expected family contribution compared to one year of college

Loans can be used to fill the gap after Financial Aid and your Expected Family Contribution have been applied to your yearly college costs.

Repayment: What to Expect

Know What You Owe

1. Student loans must be repaid.

2. Your loan disbursement will be canceled if your enrollment drops below six credit hours at any time during the loan period.

3. If you withdraw or stop attending you must complete the Exit Counseling requirement.

4. The amount of your loan may be recalculated upon receipt of additional financial aid to your account, such as WIA, Outside Agency Payments, Scholarships, change in number of credit hours enrolled, federal work-study award, etc.


Other Loans

Parent Plus Loan

Parent PLUS Loans are available to parents of dependent students to help pay college expenses. They are provided by the US Department of Education and require credit approval. Repayment begins soon after funds are paid out.

Parents must complete the Plus Request Process, including a Plus Entrance and Plus e-MPN at https://StudentLoans.gov

Parents wishing to take out a Parent PLUS loan are encouraged to contact the Financial Aid Office for instructions.

If it is determined a PLUS applicant has adverse credit history the US Dept of Ed may require additional information and/or completion of new Entrance counseling and/or a loan endorser.

NC State's Parent PLUS Loan Request Form

Alternative Private Loans

Alternative Loans (also called private loans) are made by banks directly to students. These loans are not subject to the same government rules as Federal Direct Loans or Stafford Loans.

NC State does not endorse any one private lender. We encourage you to compare lenders before deciding from whom you will borrow.

When exploring this option, beware of Internet scams, if it seems too good to be true, stay away. Be sure to read all material provided by the Private Lender.

Students wishing to use a Alternative/Private Loan must notify the Financial Aid Office.

  • You are responsible for providing the necessary documentation, as required by your lender, to our office.
  • You are required to conduct any follow-up with the lender and NCSC Cashier's Office.
  • Your loan disbursements will arrive as a paper check to the Cashier's Office, and is considered as a cash payment at that time.
  • Disbursement dates will follow the schedule of all other student loans. Other payment arrangments should be made with the cashier until this check arrives.
  • The requested/processed loan amounts will be evenly awarded over the entire academic year. Large single term loan awards will not occur!
  • You will be unable to use proceeds from this type of loan to "charge textbooks at the bookstore"; therefore, you are required to purchase your own textbooks until your funds arrive.


 Related Websites

General Federal Student Aid
Federal Student Aid Ombudsman
To resolve disputes and issues with your loan servicer.
National Student Loan Data System

 Direct Loan Interest Rates

 These rates will apply to new Direct Subsidized Loans, Direct Unsubsidized Loans, and Direct PLUS Loans made during this time.

Interest Rates for Direct Loans First Disbursed on or After July 1, 2018, and Before July 1, 2019

Loan Type

Borrower Type

Fixed Interest Rate

Direct Subsidized Loans and Direct Unsubsidized Loans



Direct Unsubsidized Loans

Graduate or Professional


Direct PLUS Loans

Parents and Graduate or Professional Students


2018/2019  Loan Dates

Spring 2019

  • Funds Disbursed to College  02/12/19 & 03/19/19
  • Refunds by Direct Deposit 02/15/19
  • Refunds Mailed to Students 02/19/19 & 03/26/19
  • Last day to accept or request an increase to loan is the 3rd Friday of the term


Servicer Contact Info

FedLoan Servicing

Great Lakes Educational Loan Services


Sallie Mae

Direct Loans





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