Loans

*Before you begin any of the following processes, our office recommends you print this page*

DIRECT STAFFORD LOANS:

If you are a previous Direct Stafford Student Loan Borrower:

Go to https://ngu.vfao.com to complete a VFAO interview (if you haven’t already done so).  You will select the appropriate terms of attendance.

On the “Request Loans” section, you will mark one of the following:

  • “I would like to request the maximum loan amount for which I am eligible.”
  • “I would like to request the amount necessary to cover all standard and required costs.
  • “I would like to specify a loan amount” (Then enter amount you desire)

Any changes to a loan term and/or amount after the interview is completed will need to be submitted through the “Contact Us” section of the VFAO website.


If you are a new Direct Stafford Student Loan Borrower:

 (Note: If you have not completed your Free Application for Federal Student Aid, please do that first.  Visit www.fafsa.ed.gov to get started.)

Step 1. Visit www.studentloans.gov  and SIGN IN using the student’s PIN number. This is the PIN used to sign the FAFSA.

Step 2. “Complete a Master Promissory Note”

  • Select Loan Type:Subsidized/Unsubsidized” for the Stafford Loan

Step 3. Go to https://ngu.vfao.com to complete a VFAO interview (if you haven’t already done so).  You will select the appropriate terms of attendance.

On the “Request Loans” section, you will mark one of the following:

  • “I would like to request the maximum loan amount for which I am eligible.”
  • “I would like to request the amount necessary to cover all standard and required costs.”
  • “I would like to specify a loan amount” (Then enter amount you desire)

Any changes to a loan term and/or amount after the interview is completed will need to be submitted through the “Contact Us” section of the VFAO website.

Questions concerning the MPN should be directed to the Department of Education Customer Service Center at 1-800-557-7394.

To view Stafford Loan Limits, Interest Rates, and other info please click here


DIRECT PLUS LOANS (PARENT LOANS):

Step 1- Student should complete FAFSA at www.fafsa.ed.gov

Step 2- Student should complete VFAO interview https://ngu.vfao.com

Step 3- Parent should call the NGU Financial Aid Office at 864-977-7056 to discuss the amount of the Parent PLUS Loan.

Step 4- Parent should visit www.studentloans.gov & sign in using the parent’s PIN used to sign the FAFSA.

  • For fall semester- Please wait until June 15th
  • For spring semester- Please wait until November 15th

  • Click “Request a Direct PLUS Loan”
  • Select Loan Type: “Parent PLUS” and complete the four steps.  A credit check will be completed during this process.

If the Parent PLUS Loan is denied:

  • The student may borrow an additional unsubsidized Direct Stafford loan.
  • Freshmen & Sophomores- may borrow up to an additional $4000
  • Juniors & Seniors- may borrow up to an additional $5000
  • If the student did not mark they want the FULL amount of their Stafford Loan during the VFAO process, they will need to complete an “Additional Funds Form” for the amount they wish to borrow, in addition to the amount they initially requested during the VFAO interview.  This form can be found at https://ngu.vfao.com under the Forms and Documents Page.
  • If they did select they want the full amount of their Stafford Loan, VFAO will automatically award the unsubsidized amount.

If the Parent PLUS Loan is approved:

  • The Parent will need to complete a Master Promissory Note (MPN) by looking on the left side of the PLUS Loan Application & Click “Complete MPN.”
  • Select Loan Type: “Parent PLUS” and complete the four steps.
  • Once completed, the PLUS Loan will be added to the student’s financial aid.

Any changes to a loan term and/or amount after the interview is completed will need to be submitted through the “Contact Us” section of the VFAO website.

Questions Regarding the MPN should be directed to the Department of Education Customer Service Center. Phone: 1-800-557-7394


PRIVATE (ALTERNATIVE) LOANS:

North Greenville University does not have a preferred lender list. Listed below are lender websites (in alpha order) from which you may choose.  These are lenders our students have borrowed from the past three years. You may review the information and apply for an alternative loan for the upcoming school year. There may be others on the Internet that you can find through your own research. Tip: Review their information and benefits before choosing the one that best meets your individual needs. Please contact the Financial Aid Office to discuss the amount of loan you should request.

Click on the link below: