- File the complimentary Application for Federal scholar help (FAFSA) by March 1 for consideration, and submit all needed papers (as noted regarding the student’s account that is myPurdue towards the Division of Financial Aid (DFA). Eligibility with this loan is founded on showing a top standard of economic need (as dependant on the FAFSA) and available financing.
- DFA will be sending the pupil an Award realize that the debtor may use to ascertain loan duration, the kind of eligibility, as well as the quantity of eligibility.
- The debtor has to regulate how much they would like to borrow and certainly will have the choice to just accept the full quantity provided or lessen the loan amount at myPurdue.
- The pupil shall be asked to signal a Promissory Note 1-2 business days after accepting the mortgage.
Just how to Accept/Decline
You are necessary to signal a note that is promissory times after accepting your loan. Heartland ECSI, the alternative party loan servicer, will be sending you a contact in this schedule showing whenever your promissory note can be obtained. You need to signal an innovative new promissory note each time you accept a Purdue Loan or a growth to a preexisting Purdue Loan. Borrowers can finish this requirement at www. Ecsi.net/prom3P. Please enable business that is 3-4 for the workplace to down load the completed requirement and improve your myPurdue account. (please be aware: This note that is promissory separate from any Stafford Loan requirement)