Financial Aid Award Acceptance 2008-2009

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1.  If we requested any additional forms from you, follow this link to the forms page. 

Otherwise, continue to step 2.

 

2.  Accepting gift aid (grants and scholarships) & work-study

We assume your acceptance of any gift aid (grants or scholarships), which will appear as "pending" aid on your billing statement.  All grants and scholarships will be applied to your student account 4-6 weeks into the term, after registration and federal eligibility requirements have been met. Students with Federal Work-Study eligibility can visit this link to search and apply for jobs.

 

You must complete the following steps in order for your loans to be credited to your account as anticipated aid! 

3.  Complete Federal Loan Entrance Counseling

All students who will be borrowing student loans for the first time at Prescott College must complete loan entrance counseling as required by federal law.   Students may comply with this requirement by completing EdTe$t online loan entrance counseling at www.edfund.org.

4.  Accepting Loans

All unclaimed loan offers will expire after 90 days.  All accepted loans will be applied to your student account 4-6 weeks into the term, after registration and federal eligibility requirements have been met. Students may incur out-of-pocket expenses prior to their refund dates, so please plan accordingly.

Stafford Loans (for students):

Students may borrow Stafford Loans from any lender pariticapting in the Federal Family Education Loan Program.

1. If you have not already chosen a lender, Visit the ELM Select website to review a list of preferred lenders. You may move to step 2 directly from ELM Select by clicking "Apply Now" next to the lender of your choice.
2. If you have already chosen a lender, click here to be directed to EdFund's WEBapp online loan acceptance system.

 

Parent PLUS Loans:

Parents must complete an application directly with a lender

1. If you have not already chosen a lender, you may review a list of preferred PLUS lenders on the ELM Select website and apply by clicking "Apply Now."  You may also contact any participating lender directly to apply.
2. Print, sign and return the PLUS Loan Disbursement Directive.