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TYPES OF FEDERAL STUDENT LOANS:
The Master Promissory Note (MPN) you are about to complete will enable Ottawa University to help you obtain Federal Student Loan funds. Remember that these are funds that MUST BE REPAID.
The amount you decide to borrow will be communicated to the Ottawa University Financial Aid Department via our internal forms and not during this process.
Note: You will need to log in using your personal identifiers before being able to start the loan process. Once you are logged in, please click on the “Complete MPN” link found near the bottom on the left side of the page. You will then need to select the second link “Graduate PLUS” to complete the right application.
IMPORTANT NOTE: You will need to select “Kansas” when you are prompted to select your school’s location.
Please contact the Ottawa University Financial Aid department if you have any questions regarding this process.
Graduate Student PLUS Loans
Federal GRAD PLUS Loan
: This loan is only available to Graduate students. A credit check will be required. Please contact the Financial Aid department before applying for this type of loan.
Interest
: 7.9%
Fees
: 4.0%
Up-front Interest Rebate
: 1.5% (must make initial 12 required payments timely to retain this)
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