Archive for the ‘Financial Aid’ Category

Sign Your Federal Direct Loan Master Promissory Note

Friday, August 5th, 2011

 

For 2013-2014

FEDERAL DIRECT STAFFORD LOAN:

If it is your first time borrowing a Direct Stafford Loan, you must sign a Master Promissory Note (MPN) for the 2013-2014 academic year in order to receive your Stafford Loan Funds.  You DO NOT have to wait until your loan has processed to complete this step.

If you are a returning student and have previously borrowed Direct Stafford Loans you do NOT have to complete a new MPN.

To complete your Federal Direct Stafford Loan MPN, go to www.studentloans.gov

FEDERAL PERKINS LOAN:

All Federal Perkins Loan borrowers must sign a new Master Promissory Note every year in order to receive Perkins Loan funds.

To sign your Perkins MPN: Go to your Student Center on MaineStreet, click on View Financial Aid, and select the 2014 aid year.  To access the Perkins Loan MPN, click on Sign Promissory Note link under Loan Details.

FEDERAL DIRECT PLUS LOAN:

If your parent has been approved for a Federal Direct PLUS Loan for the 2013-2014 academic year, your parent MUST sign a Master Promissory Note within 90 days of the loan’s credit approval in order for you to receive these loan funds.

If your parent has been approved for the Federal Direct PLUS loan, but no longer wishes to borrow the loan, please have them send a signed request to our office.

Parents should sign the PLUS Loan MPN at the following link: www.studentloans.gov

Check Your FAFSA Status

Tuesday, January 11th, 2011

The Office of Student Financial Aid began loading 2013 – 2014 FAFSAs in January.  To determine  whether your FAFSA has been received by UMaine, login to your Student Self-Service page in MaineStreet.  You will find the FAFSA Status link under the Finances section of your Student Center.  Verify we have received your 2013-2014 FAFSA.  The date listed is not the date you filed the FAFSA, but the date we transferred your FAFSA  information into MaineStreet.  If you have recently filed and the receipt of your FAFSA does not appear within 7 business days, please contact the Office of Student Financial Aid.

We anticipate accessing 2014-2015 FAFSAs in mid January 2014.

End of Semester Loan Information for Fall Only Loans

Monday, December 13th, 2010

 

For Fall 2013

Federal Direct Stafford Loans – All students wishing to borrow fall semester Federal Direct Stafford Loans, must accept these loans by Wednesday, December 18th, so they can be processed by the end of the semester.  Students who have not completed MPNs or Entrance Counseling for fall only loans must complete these by Friday, December 20th at http://studentloans.gov.

Federal Direct PLUS Loans – All fall semester PLUS Loan applications must be received by the Office of Student Financial Aid by Wednesday, December 18th to allow adequate processing time.

Alternative Loans -  In order for us to certify fall semester alternative loans, all certification requests must be received by the Office of Student Financial Aid by Friday, December 20th.

If you have any questions, please contact the Office of Student Financial Aid at 207-581-1324

Anticipated Financial Aid and Anticipated Resources

Friday, July 16th, 2010

To view anticipated financial aid in MaineStreet, go to Student Self-Service > Student Center. In the Finances section of Student Center, click on Account Inquiry. You will see a summary of your account, including outstanding charges and deposits, pending financial aid and the total amount you owe. Anticipated financial aid shows in the Pending Financial Aid column. This includes all grants and University scholarships and will only include Stafford Loans which have been accepted in MaineStreet and outside scholarships after the scholarship check has been received.

Please report any funds in Anticipated Resources that are not already included as anticipated financial aid. If you have a remaining balance due after anticipated financial aid has been applied, you must report Anticipated Resources or pay the remaining balance by the bill’s due date in order to avoid a late payment fee. Outside scholarships or other outside assistance must also be reported to the Office of Student Financial Aid.

Anticipated Financial Aid

Thursday, July 30th, 2009

To view anticipated financial aid in MaineStreet, go to Student Self-Service > Student Center. In the Finances section of Student Center, click on Account Inquiry. You will see a summary of your account, including outstanding charges and deposits, pending financial aid and the total amount you owe. Anticipated financial aid shows in the Pending Financial Aid column. This includes all grants and University scholarships and will only include Stafford Loans which have been accepted in MaineStreet and outside scholarships after the scholarship check has been received.

Please report any funds in Anticipated Resources that are not already included as anticipated financial aid. If you have a remaining balance due after anticipated financial aid has been applied, you must report Anticipated Resources or pay the remaining balance by the bill’s due date in order to avoid a late payment fee. Outside scholarships or other outside assistance must also be reported to the Office of Student Financial Aid.