Stafford, Perkins, and PLUS Loans
Important Notice
As Stafford or PLUS Loan borrowers, we encourage students and parents to make an informed decision regarding lender selection. Borrowers are encouraged to learn about lender's products and services by visiting the lender's websites and contacting the lending agency. Ferrum College will certify a Stafford, PLUS, or Alternative Loan with any lender or guarantor the borrower chooses to use. Ferrum College is releasing this information in good faith and assumes no liability for information from lender partners, nor for any changes to products and services made by the lender. Please see Ferrum's Lender Policy (pdf) for more information.Lender Information
» Lender Selection Policy (pdf)» Ferrum College Lender Gift Policy (pdf)
» Ferrum College Lender List (pdf)
Click here to apply for a Stafford Loan.
Click here to apply for a PLUS (Parent) Loan.
Loan Instructions (pdf): Step-by-step instructions for first time borrowers of Stafford, Perkins, or PLUS loans.
Stafford Loan Entrance Counseling: Required Stafford Loan Counseling for new Stafford Loan borrowers entering Ferrum College.
Stafford Loan Exit Counseling:Required Stafford Loan Counseling for graduates and withdrawals leaving Ferrum College.
Unsubsidized Stafford Loan Request form: In case of PLUS denial or independent student status, students can request additional funds through this source.
Perkins Loan Entrance Counseling: Required Perkins Loan counseling for new Perkins Loan borrowers here at Ferrum College.
Perkins Loan Exit Counseling: Required Perkins Loan counseling for graduates and withdrawals leaving Ferrum College.
Electronic Master Promissory Notes (MPN): If your lender is not listed in the drop down box please print a blank copy of the promissory note and mail to the Financial Aid Office.
Perkins Master Promissory Notes (MPN) (pdf): The Perkins Loan Master Promissory Note should be completed, and signed by students who have received this program on their award letter. The original note must be mailed back to the Financial Aid Office.
Federal PLUS Loan Pre-Approval: Parents who are Pre-Approved for a Federal PLUS (Parent) Loan are required to complete a PLUS Loan Master Promissory Note (MPN) before the loan proceeds will be disbursed to the school. Parents can complete the MPN online. Prior borrowers should use the lender that they have previously utilized in the past.
Educational Credit Management Corporation (ECMC): Virginia’s designated guarantor. Click here for a list of participating lenders and contact information.
Sample repayment chart (pdf): This chart below can give you a better understanding of what your monthly payment could be when you enter repayment.
If you would like additional information, contact the Financial Aid Office by calling 1-800-868-9797 or by emailing us at finaid@ferrum.edu.