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15. Juli 2020

Federal Direct Loans

Federal Direct Loans can be obtained to eligible students signed up for a degree that is eligible on at the least a half-time foundation (six credit hours per term).

Pupils thinking about trying to get a Federal Direct Loan must:

To just accept or decline your supplied loans:

1) First-time borrowers just, finish the Authorization to make use of Title IV funds by:

  • Accepting the Authorization of Title IV funds in BannerWeb. To perform your Authorization electronically, proceed with the guidelines here.
  • If you’re a potential Undergraduate or perhaps a potential legislation student it’s also possible to complete your Authorization by signing the Award recognition form that has been supplied with your award letter and coming back it to your workplace. It may be gone back to us via e-mail at finaid@richmond.edu, by fax at (804)484-1650, or by mail.

2) Accept or decline all or a percentage of the Federal Direct Loans via BannerWeb. Guidelines for performing this are found here.

3) first-time borrowers just – complete entry counseling and signal your Master Promissory Note electronically at studentloans.gov.

To be able to make sure your loans are processed and placed on your bank account because of the very first day’s course, complete the above loan needs at minimum six months ahead of the first day’s classes. If some of the above demands are finished from then on date, aid is supposed to be prepared nonetheless it may possibly not be available because of the very first day’s course.
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