1. Complete a Free Application for Federal Student Aid (FAFSA).
2. Thoroughly complete and submit the Federal Direct Stafford Loan Request Form for Summer 2008.
3. Complete the First-time Borrower Requirements* if applicable.
4. The Office of Scholarships and Financial Aid will process your loan.

*First-time Borrower Requirements

Master Promissory Note Requirement
The Federal Direct Stafford Loan program requires all first-time borrowers to complete a Master Promissory Note. You may complete an electronic Master Promissory Note on the Web by using your PIN at www.bsu.edu/finaid, then click on Fill Out Your Master Promissory Note.

Loan Counseling Requirement
Federal Direct Stafford Loan program regulations require all first-time borrowers to complete a loan counseling session before these funds can be released. This requirement may be completed on the web at www.bsu.edu/finaid. Then click on Take Loan Entrance Counseling and follow the directions through the entire site.

Loan Maximums Based on Student Status

Federal regulations require that you be enrolled for at least 6 hours undergraduate per semester to receive these funds. The maximums listed for each grade level apply to any two consecutive terms (i.e., summer/fall, fall/spring, spring/summer). Two consecutive semesters define your borrowing period. If your borrowing period includes summer, borrowing more than half of your eligibility during the first semester can affect the amount you are eligible to receive in the second semester of your borrowing period.

Undergraduate Students:

Maximums based on the number of hours the school counts toward satisfying the requirements of the student's program OR
Maximums based on the number of hours the student is required to earn to complete the program.

You may not be able to borrow the maximum as a result of previous borrowing, other aid received, and your estimated cost of attendance.