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Federal Regulations |
Wartburg College is required by federal
regulations to comply with individual lender terms and cannot
certify a loan for more than your eligibility as determined by
the student cost of attendance minus any other available financial
aid. Wartburg College does not participate in revenue-sharing
practices, referral fee arrangements, or private loan application
fee payments. |
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Students: There are two easy steps for you to complete the Stafford Loan process.
Step 1: As a Stafford loan borrower you have the right to select a lender of your choice. We have provided links below so that you can complete a Master Promissory Note (MPN) online. The MPN will be used for all subsidized and unsubsidized Federal Stafford loans. This form needs to be completed once at Wartburg. Subsequent Stafford loans accepted by you will be automatically processed under the same MPN unless you switch lenders. If you wish to select a lender not listed, please contact the Financial Aid office to inform us of the lender name and lender code.
Step 2: All new borrowers are required by the federal government to complete Entrance Loan Counseling. You can complete loan counseling online.
Parents: There are two easy steps for you to complete the PLUS Loan process.
Step 1: If you are borrowing on behalf of your son or daughter in the Federal Parent Loan for Undergraduate Students (PLUS) program you will need to select a lender and complete a Master Promissory Note (MPN). The MPN is required to be completed once at Wartburg. You may choose one of the lenders below by clicking on the link and completing the MPN online. If you wish to select a lender not listed, please contact the Financial Aid office to inform us of the lender name and lender code.
Step 2: You will also need to complete a PLUS loan request form. This form needs to be completed each time you wish to borrow a new amount.
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Lender Selection Policy |
Wartburg College participates in the Federal Family Education Loan Program. This program allows the borrower to select a lender of choice when borrowing in the Stafford or PLUS loan program. In an effort to help students and parents navigate the ever increasingly complex student loan landscape Wartburg has selected the below lenders. This list is not all inclusive but reflects Wartburg’s unbiased research to identify lenders which provide the best combination of services and benefits to Stafford and Parent (PLUS) Loan borrowers. Our annual selection process involves contacting a number of lending institutions and requesting them to provide information as to the services and benefits they are able to provide borrowers. Each lending institution that submits a proposal is evaluated and ranked accordingly for the services and benefits provided to borrowers. This list should not be considered an endorsement of these lenders by Wartburg College. A student and/or parent has the right to select a lender of their choice if they do not appear on this list.
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