All students must complete the Federal Direct Loan application process to receive funding. These forms are due to our office by May 1, for returning students. The deadline for new students is registration. MSL cannot process any additional requests after April 15 for the current year. The financial aid application process for the Federal Direct Loan program at the Massachusetts School of Law involves submitting: Free Application for Federal Student Aid (FAFSA) The FAFSA is required of all students applying for financial aid. You will need to fill out a FAFSA (or renewal FAFSA) for each year you attend MSL. MSL’s FAFSA code is 032353. Once completed, the Department of Education will forward the school an electronic copy of your records for use in verifying your eligibility. Please review this copy for completion and errors. Entrance Counseling First-time financial aid borrowers at MSL must complete entrance counseling which can be completed through studentloans.gov. Confirmation of completion for this document will be sent automatically to the school. An Entrance Counseling must be received before the Office of Financial Aid will initiate your loan request. Master Promissory Note First-time financial aid borrowers at MSL must also complete a Master Promissory Note, which can be completed at studentloans.gov. Confirmation of completion of this document will be sent automatically to the school. An MPN must be received before Direct Loans will disburse your fund request to the school. The origination fee is 1% and the interest rate is 6.8%. MPN2 You will NEED to determine the amount you wish to borrow for the academic year. The MPN2 form must be received before the Office of Financial Aid will initiate your loan request. Form 3 You will NEED to determine the amount you wish to borrow for the academic year. The MPN2 form must be received before the Office of Financial Aid will initiate your loan request. Copy of your Driver’s License Copy of Social Security card or Valid US Passport All students requesting financial aid are required to submit additional documentation, if requested. Students should exhaust their full eligibility in federal loans before resorting to a private loan. Federal loans may have more beneficial terms (including consolidation, loan cancellation/forgiveness, a fixed interest rate) than the private loans available. Should you choose to borrow a private education loan instead of the Federal Graduate PLUS Loan, please be aware you must contact your lender directly to initiate the loan and inform MSL’s financial aid office. RETURN ALL PAPERWORK TO MSL. Check your status! Returning students can check what’s still needed and what’s been received by sending an email to Lynn Bowab. Incoming students can check what’s still needed and what’s been received by sending an email to Kathy Perry. Federal Graduate PLUS Loan: Please note that Grad PLUS loans (as well as private loans) are credit-based; inclusion of this loan amount on your award letter does not mean the loan has yet been approved, certified or applied to your account. Credit review is done by Direct Loans; if you are not approved for the Grad PLUS loan based on your own credit, you will receive a notification from Direct Loans regarding obtaining an endorser for the loan. Please follow these steps to complete a request for a Graduate Plus Loan You must have a current FASFA for the Academic Year, in which you are applying for the Graduate Plus Loan.You must have an up to date financial aid file with all paperwork completed (FASFA form, form 3, budget, drivers license, Social Security card or passport).Please make sure you have turned in to Lynn or Kathy the MPN2 form indicating the amount you with to borrow – Please note: No requests can be processed after April 30.You must have a completed Graduate Plus Entrance session at studentloans.gov(Please note: you may have already completed this step when you applied for the Stafford Loan)You must complete a Graduate Plus application request through the following website studentloans.gov if your application is approved you have completed the process. If your application was denied and you intend on resubmitting your application with an endorse, please continue to step 6.If you are resubmitting your application with an approved endorser please provide MSL (Lynn or Kathy) with the following information: Endorser’s Name, Date of Approval and Loan ID Number.We highly recommend not to bring in any fake ID cards in. We can detect these fake documents with our sophisticated software. Financial aid fraud is a felony. You may think you have the best fake ID, but it’s not worth the risk. Right to Cancel Notice At the Massachusetts School of Law, we understand that student loans can be intimidating. That’s why we have partnered with Inceptia, a division of the National Student Loan Program, to provide you with FREE assistance on your student loan obligations to ensure you feel comfortable and can be successful in your loan repayment. Inceptia may be calling to help you with next steps in your repayment journey. Their friendly counselors are there to help you every step of the way. While you are in your grace period, they might reach out to you to answer questions you may have on your repayment options. If you become delinquent on your loans, they may also contact you to help find a solution that works within your means. The Inceptia counselors are there to help you with every step by staying in touch with you via phone calls, letters, and/or emails. They will not be collecting money from you. Inceptia’s nonprofit purpose is to help you find answers to your questions and solutions to your issues. We encourage you to visit Inceptia’s Student Loan Knowledge HQ website at HeroKnowl.org. Privacy Act Disclosure Notice The Privacy Act of 1974 (5 U.S.C. 552a) requires that the following notice be provided to you. The authority for collecting the information requested on this form is §451 et sec. of the Higher Education Act of 1965, as amended. Your disclosure of this information is voluntary. However, if you do not provide this information, you cannot be considered for a Direct PLUS Loan. The information on this form will be used to determine your eligibility for a Direct PLUS Loan. The information in your file may be disclosed to third parties as authorized under routine uses in the Privacy Act notices called “Title IV Program Files” (originally published on April 12, 1994, Federal Register Vol. 59 p.17351) “National Student Loan Data System: (originally published on December 20, 1994. Federal Register Vol. 59 p. 65532). Thus, this information may be disclosed to federal and state agencies, private parties such as relatives, present and former employers and creditors, and contractors of the Department of Education for purposes of administration of the student financial assistance program, for enforcement purposes, for litigation where such disclosure is compatible with the purposes for which the records were collected, for use by federal, state, local or foreign agencies in connection with employment matters or the insurance of a license, grant, or other benefit, for use in any employee grievance or discipline proceeding in which the Federal Government is a party, for use in connection with audits or other investigations, for research purposes, for purposes of determining whether particular records are required to be disclosed under the Freedom of Information Act, and to a Member of Congress in response to an inquiry from the congressional office made at your written request. Because we request your social security number (SSN), we must inform you that we collect your SSN on a voluntary basis, but section 484(a)(4) of the HEA (20 U.S.C. 1091(a)(4)) provides that, in order to receive any grant, loan, or work assistance under Title IV of the HEA, a student must provide his or her SSN. Your SSN is used to verify your identity, and as an account number (identifier) throughout the life of your loan(s) so that data may be recorded accurately.