Go to navigation (press enter key)Menu

Loans

Federal Direct Stafford Loan

Student Loan
No credit required

Students have an additional $2,000 Unsubsidized Direct Stafford Loan eligibility not listed on the Statement of Financial Aid. Please email your request for the additional Stafford Loan to finaid@vassar.edu.

  1. Complete the Free Application for Federal Student Aid (FAFSA).
  2. Complete entrance counseling.
    1. Visit the StudentLoans.gov website.
    2. Sign in to Manage My Direct Loan.
    3. Go to My Profile.
    4. Go to Entrance Counseling.
    5. Go to Complete Entrance Counseling.
      • Follow the four steps to complete the Entrance Counseling.
  3. Complete the Master Promissory Note (MPN).
    1. Visit the StudentLoans.gov website.
    2. Go to Complete Master Promissory Note.
    3. Go to Subsidized/Unsubsidized.
      • Follow the four steps to complete and submit the Master Promissory Note. 
Top

Federal Direct Parent Loan for Undergraduate Students (PLUS)

Parent Loan
Requires credit

Note: The Direct Parent Loan (PLUS) has a provision for loan forgiveness in the event that either the parent or student dies or suffers 100% disability. This is not offered by private student loans where a co-signer is required for the student.

  1. Complete the Free Application for Federal Student Aid (FAFSA).
  2. Complete PLUS loan application.
    1. Visit the StudentLoans.gov website.
    2. Sign in to Manage My Direct Loan.
    3. Go to My Profile.
    4. Go to Start PLUS Application Process.
  3. Complete the Master Promissory Note (MPN).
    1. Visit the StudentLoans.gov website.
    2. Go to Complete Master Promissory Note.
    3. Go to Parent PLUS.
      • Follow the four steps to complete and submit the Master Promissory Note.

Please make sure that the same parent completes both the PLUS Application and the PLUS Master Promissory Note 

Top

Alternative/Private Loans

Typically a student loan
Requires credit check and co-borrower for optimal rates

Go to ELMSelect to select a lender under the Alternative Loans tab.

  1. The ELMSelect Lender Comparison User Agreement emphasizes your right to select any lender; you must click on the box and accept, indicating that you understand this right.
  2. Select New York (the state in which Vassar is located). Then scroll down through the list of schools and click on Vassar College; then click “Search.”
  3. This is our Vassar specific page with tabs related to the various types of loans available for education and a list of lenders that Vassar families have borrowed from in the past year. We suggest that you visit various lender websites and review the terms of the loans offered.
  4. Select a lender under the Alternative Loan tab, click apply now, and complete the application/ promissory note requirements. If you would like to choose a lender not listed, you can search for other lenders by clicking on the tab above Helpful Links.
  5. Click on the link to apply and fill out the Promissory Note.
Top