Community College of Rhode Island

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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

  1. Login to your MyCCRI account
  2. Click on "For Students" tab
  3. Click on "View Financial Aid Awards"
  4. Click Award Year
  5. Click "Accept Award Offer" tab
  6. In the drop down box on the side of your offered loan(s), click on "UNDECIDED" and change to ACCEPT
  7. Click on SUBMIT

Step Two: Complete your Master Promissory Note (MPN) for Federal Direct Stafford Loan(s)*

  1. Login to www.studentloans.gov. 
  2. You will be required to enter your PIN for your FAFSA
    1. You may retrieve your PIN at www.pin.ed.gov.
  3. Choose "Complete Master Promissory Note"
  4. Complete all the questions
  5. Click on SUBMIT
  6. You may want to print the confirmation page for your own records

Step Three: Complete Entrance Counseling*

  1. Login to www.studentloans.gov.
  2. You will be required to enter your PIN for your FAFSA
    1. You may retrieve your PIN at www.pin.ed.gov.
  3. Choose "Complete Entrance Counseling"
  4. Complete all the questions
  5. Click on SUBMIT
  6. 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

  1. Login to your MyCCRI account
  2. Click on "For Students" tab
  3. Click on "View Financial Aid Awards"
  4. Click Award Year
  5. Click "Accept Award Offer" tab
  6. In the drop down box on the side of your offered loan(s), click on "UNDECIDED" and change to DECLINE
  7. Click on SUBMIT

 

 

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Last Updated: 8/1/14