Accepting/Declining Federal Stafford Loans
Accept
What to do once you have been offered a Federal Direct Stafford Loan(s) and you would like to borrow the loan(s).
Step One: Accepting the Federal Direct Stafford Loan(s) offered
- Login to your MyCCRI account
- Click on "For Students" tab
- Click on "View Financial Aid Awards"
- Click Award Year
- Click "Accept Award Offer" tab
- In the drop down box on the side of your offered loan(s), click on "UNDECIDED" and change to ACCEPT
- Click on SUBMIT
Step Two: Complete your Master Promissory Note (MPN) for Federal Direct Stafford Loan(s)*
- Login to www.studentloans.gov.
- You will be required to enter your PIN for your FAFSA
- You may retrieve your PIN at www.pin.ed.gov.
- Choose "Complete Master Promissory Note"
- Complete all the questions
- Click on SUBMIT
- You may want to print the confirmation page for your own records
Step Three: Complete Entrance Counseling*
- Login to www.studentloans.gov.
- You will be required to enter your PIN for your FAFSA
- You may retrieve your PIN at www.pin.ed.gov.
- Choose "Complete Entrance Counseling"
- Complete all the questions
- Click on SUBMIT
- You may want to print the confirmation page for your own records
* These steps are required by all first time borrowers at CCRI.
Reminder: Students must be enrolled at least half-time (6 credits) at the time of disbursement to be eligible for a Direct Stafford Loan.
Decline
What to do once you have been offered a Federal Direct Stafford Loan(s) and you would like to cancel the loan(s).
Step One: Declining the Federal Direct Stafford Loan(s) offered
- Login to your MyCCRI account
- Click on "For Students" tab
- Click on "View Financial Aid Awards"
- Click Award Year
- Click "Accept Award Offer" tab
- In the drop down box on the side of your offered loan(s), click on "UNDECIDED" and change to DECLINE
- Click on SUBMIT
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