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Apply for a Federal Direct Stafford Loan

Phillips Graduate Institute participates in the Department of Education’s Federal Direct Loan Program. Prior to receiving a Federal Direct Stafford Loan, students must complete the Free Application for Federal Student Aid (FAFSA), be a United States citizen or eligible non-citizen, not be defaulted with any Department of Education loan, and be enrolled in school at least half-time.  Federal Direct Stafford loans have a variable-fixed interest rate currently of 6.21%.  Repayment of the loan will begin six months after the student graduates or drops below half-time enrollment.

Borrowers are required to complete loan Entrance Counseling and a Master Promissory Note before the loan can be disbursed.  Students can complete these items by following the steps below:

Go to: www.studentloans.gov

Sign in using your FAFSA PIN number

Verify your personal information

Click on: COMPLETE ENTRANCE COUNSELING 

Click on: COMPLETE MASTER PROMISSORY NOTE

Select loan type: STAFFORD LOAN

Follow through until the process is complete



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