Federal Direct Stafford

Stafford Loans are funded by the Federal Government through the Direct Loan Program. For more information regarding Direct loans please visit www.ed.gov/directloan.

TERMS:
Undergraduate:

• Rate: 3.4% Fixed (Subsidized), 6.8% Fixed (Unsubsidized)
• Fees: 1% Origination (levied by the Department of Education) for both Subsidized and Unsubsidized
• Term: 10 years

Graduate:

• Rate: 6.8% (Unsubsidized)
• Fees: 1% Origination (levied by the Department of Education)
• Term: 10 years

Step 1: Complete Entrance Counseling (Concordia first time Stafford borrowers only)

** THIS IS NOT THE SAME AS “FINANCIAL AWARENESS COUNSELING"**
Entrance Counseling is taken online at www.StudentLoans.gov. To get started, click "Sign In" under "Manage My Direct Loan" (a Federal Student Aid PIN is required**). Choose the "Complete Counseling" option and then click START under ENTRANCE COUNSELING.

Step 2: Sign the Master Promissory Note (Concordia first time Stafford borrowers only)

The electronic Master Promissory Note is also located at www.StudentLoans.gov. As in step 1 above, click "Sign In" under "Manage My Direct Loan" and select "Complete Master Promissory Note." Please be sure to sign the note labeled "Subsidized / Unsubsidized."

NEED A NEW PIN? FORGOT PIN?
If you don't have a PIN or forgot your PIN, please go to the Federal Student Aid PIN site here.

To retrieve an existing PIN: Click "Request a Duplicate PIN" located on the left side of the page. Enter SS#, first 2 letters of your last name and your date of birth. Click "Submit Request". Answer the challenge question presented on the next page and click "Submit Request". Select "Display Now" and click "Submit Request". Your PIN will appear on the screen for you to use.