Student Loans

Additional Navigation

Federal Student Loan Programs Offered at LU

All federal loans are processed through the William D. Ford Federal Direct Lending Program. Liberty University does not participate in the Federal Perkins Loan Program.

Federal Direct Student Loans

Subsidized Student Loans
Unsubsidized Student Loans

Subsidized Student Loans are need-based, meaning your Free Application for Federal Student Aid (FAFSA) will determine eligibility. Liberty University encourages students to utilize any subsidized loan eligibility before unsubsidized eligibility.

Federal Direct PLUS Loans

Graduate PLUS Loans
Parent PLUS Loans

PLUS loans are credit-based. Liberty University will not process a credit decision on any Federal PLUS loans and will only accept the official credit decision offered by the U.S. Department of Education

Private/Alternative Education Loans

Students interested in applying for a private student loan may view a list of available lender to compare: Private Student Loan Listing (ELM Select)

The Financial Aid Office at Liberty University encourages students to borrow from the Federal Direct Student Loan Program before considering private educational loans, as the interest rates and repayment requirements can vary.

Liberty University does not recommend specific student loan lenders, nor does it have a preferred lender list or preferred lender arrangement. Students may borrow from any lender that offers educational student loans. Liberty University encourages students to borrow only what is absolutely needed to prevent future debt.

Applying for Federal Direct Student Loans

Tip! Before you complete any steps, make sure you have created a Federal Student Aid (FSA) ID and submitted your FAFSA for the applicable academic year.

Complete the Federal Direct Student Loan Master Promissory Note (MPN).

You’ll complete this requirement at StudentAid.gov.
The MPN is the legally binding contract between a lender and a borrower that contains the terms and conditions of the loan, including how the loan is to be repaid.
If you have an MPN completed from another school, you will not have to complete it again as long as within the first year of signing the E-MPN, you had a loan disbursed. If you did not have a loan disbursed within the first year or if it has been ten years since the MPN was signed, a new MPN will be necessary.

Complete the Federal Direct Student Loan Entrance Counseling.

You’ll complete this requirement at StudentAid.gov.
The Entrance Counseling is an informative online session for first-time loan borrowers. It ensures that students know they are borrowing funds for their education and that they are expected to repay the loans
You’ll need to complete the Entrance Counseling requirement, even if you have completed it for another school previously.

All federal student loan borrowers will receive a confirmation email from the U.S Department of Education (ED) once they have successfully completed the E-MPN and Entrance Counseling. The requirements will be shown as complete in your ASIST account 48 hours after completing the Entrance Counseling.

Applying for Federal Direct PLUS Loans

Parents or Graduate borrowers will need to complete these requirements at StudentAid.gov. In order to do so, you will need a Federal Student Aid (FSA) ID.

Under the Loan and Grants section at the top of the page, choose “PLUS Loans: Grad PLUS and Parent PLUS.”
Choose the type of loan you plan to apply for (Parent PLUS or Grad PLUS) and complete the application. Note: the parent is the borrower of a Parent PLUS loan and will require parent information on the application.

Credit Information

Liberty University will not process a credit decision on any Federal PLUS loans and will only accept the official credit decision offered by the U.S. Department of Education. If you wish to appeal a credit decision, you should do one of the following:

Contact Application Services at (800) 557-7394 to speak with a representative from the U.S. Department of Education — Mon.-Fri., 8 a.m.-11 p.m. (ET).
Find an endorser for the loan and complete an official endorser addendum. This must be submitted with the ticket number assigned to you by the U.S. Department of Education Application Services Department.

If you had poor credit but were approved for a Direct Parent PLUS or Direct Graduate PLUS loan by getting a qualified endorser (or documenting to the satisfaction of the U.S. Department of Education that there are extenuating circumstances related to the borrower’s adverse credit), you must complete the new Direct PLUS Loan Counseling requirement.

International Students Loans

There are student loan opportunities for international borrowers. International students at Liberty should also view the information and scholarship opportunities listed at Liberty.edu/International.

Canadian Students

Canadian students who are considering attending Liberty University can review Canadian Student Loan options. These loans are processed through the Canadian government and do have eligibility and application requirements.

Other International Students

International students who need assistance in financing their education have the option to apply for private educational loans through a private loan lender. Most private loan lenders require an international loan applicant to also have a U.S. co-signer during the application process. View listing of lenders for International students.

Track Your Student Loan Usage

You can track your federal and private loans.
StudentAid.gov also lets you review your federal grants and loans and keep track of your remaining lifetime eligibility.

Find Your Loan Servicer

Follow the step-by-step instructions to find your loan servicer
Federal Loan Servicers List

Additional Information and Resources

Student Loan Disbursements:

View the Loan Disbursement Process and applicable disbursement dates.

Consolidating Your Loans

After graduation you have a choice: You may either make individual payments to your previous lender(s) and to the U.S. Department of Education (ED), or you can consolidate your loans into one payment with ED through a Federal Direct Consolidation Loan.

Resolving a Loan Default

Federal Requirements for Default Resolution

Federal regulations prohibit the awarding of additional federal student aid (FSA) to students who have defaulted on a federal student loan. However, you can regain eligibility for FSA by resolving the default status.

The U.S. Department of Education has established the following three methods to resolve a default status:

Repayment in full (including consolidation): You can resolve a default by repaying the loan in full.
Satisfactory repayment arrangements: You can regain eligibility on an FSA loan in default after making six consecutive, full, on- time, voluntary payments under a repayment arrangement that is satisfactory to the loan holder. You may regain eligibility under this option only one time.
Loan rehabilitation: Although you can regain eligibility for all FSA funds by making satisfactory repayment arrangements, the loan is still in default. After you make nine full, voluntary payments on time (no later than 20 days after the due date) within 10 consecutive months, the loan becomes eligible for rehabilitation.

After a default status has been resolved, sufficient documentation must be sent to the school indicating that you have regained federal aid eligibility. Per federal regulations, the documentation must be from the entity that reported the default to the National Student Loan Data System (NSLDS). Clearly show that each defaulted loan has been resolved; be provided in writing on the entity’s letterhead (or another format that ensures its origin) and dated.

Additional loan default information can be found at the U.S. Department of Education’s Federal Student Aid website.

Keep track of your federal student loans and what you have borrowed using the NSLDS.

Consumer Information

View consumer information regarding student loans. Topics include but are not limited to:

Loan Code of Conduct
Lending Statement
Average Indebtedness
Graduation Rate Information