Community College of Rhode Island

Register now

Get Adobe Reader

*PDF files require Adobe Acrobat Reader to view - Download here

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 "Accept or Decline My Loans"
  4. Click Award Year
  5. Click "Accept Award Offer" tab
  6. Scroll down to Award Decision
  7. In the drop down box on the side of your offered loan(s), click on "Select Decision" and change to ACCEPT
  8. 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 FSA ID Username or E-mail Address and FSA ID Password
    1. You may create an FSA ID @ https://fsaid.ed.gov/npas/index.htm 
  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 FSA ID Username or E-mail Address and FSA ID Password
    1. You may create an FSA ID @ https://fsaid.ed.gov/npas/index.htm 
  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 of Federal Direct Stafford Loans.

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 "Accept or Decline my Loans"
  4. Click Award Year
  5. Click "Accept Award Offer" tab
  6. Scroll down to Award Decision
  7. In the drop down box on the side of your offered loan(s), click on "Select Decision" and change to DECLINE
  8. Click on SUBMIT

This page developed and maintained by Financial Aid. Send comments and suggestions to ccrifafaq@ccri.edu .


Last Updated: 7/9/15