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First Name Last Name
3TUDENT.ET)$
Today's Date
Please check the box on the right that applies to your status
Please check the box on the right that applies to your status:
I will be at least 18 years old by the beginning of Orientation
For CONTINUING students only. I will be registered for
the following amount of credits in
Undergraduate Student OR
Graduate Student
Continuing Student OR
Entering Student
Yes No
Fall
Spring
Loan Agreement
Introduction
Before continuing to fill out this agreement, please ensure that you have completed the following
necessary loan application steps (if not, your loans may be processed incorrectly or not at all):
1) Carefully read the financial award/loan eligibility letter that you received by email (required to
understand how much loan funding you’re eligible to receive this year).
2) Consult the AUP web page about living expenses (required to budget in living costs).
3) Complete the instructions in the Step-by-Step Guide to Loans at AUP that you received by email
(required to apply for loans at AUP).
Once finished with the above, please read through this entire document and check the box at the end
before submitting it to the Financial Aid Office. Important information follows.
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1. Requested Direct PLUS loan (i.e. credit check).
2. R
eceived the conrmation email with credit check approval.
3. Filled out the Parent PLUS Master Promissory Note (MPN).
4. I have veried that the Borrower name on the MPN is the parent
and not the student.
5.
I have talked this over with my parent(s) and if I am getting a
living expense check, I am allowed to receive it (indicate on the
right).)FYOUCHECK@NOPLEASEBEINTOUCHWITH3TUDENT
!CCOUNTING3ERVICESDIRECTLYINORDERTOWORKOUTTHEDETAILS
SAS AUPEDU
If you request the maximum as indicated on youR financial
aid award letter please check the box on the right
If you request a loan amount lower than the maximum,
please indicate the exact dollar amount on the right
Applying for Loans
Yes No
Yes No
Yes No
Yes No
Yes No
Yes No
Yes No
Fall
Spring
Applying for a Stafford Loan
I have applied for a Stafford Loan (indicate on the right)
If yes, I have completed the following steps on studentloans.gov:
1. Completed Entrance Counseling.
2. Filled out Stafford Master Promissory Note.
Requested Stafford Loan Amount:
1. If you request the maximum as indicated on your financial aid
award letter please check the box on the right.
2. If you request a loan amount below the max., please indicate
the exact dollar amount in the appropriate box on the right.
Yes No
Yes No
Yes No
Yes No
Fall
Spring
Applying for a Parent PLUS Loan
We have applied for a Parent PLUS Loan (indicate on the right)
If yes, we have completed the following steps on studentloans.gov:
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If yes, I have completed the following steps on www.salliemae.com:
1. Filled out the online loan application.
2. Veried that my cosigner lled out their section.
3. Any missing documents and information (if needed) have been
provided to Sallie Mae and now AUP only needs to certify the
loan.
If you request the maximum as indicated on your financial
aid award letter please check the box on the right
If you request a loan amount below the max. please
indicate the exact dollar amount on the right
Yes No
Yes No
Yes No
Yes No
Yes No
Fall
Spring
If yes, I have completed the following steps on studentloans.gov:
1. Completed Entrance Counseling (the combined Grad PLUS/
Stafford)
2. Requested Direct PLUS loan (i.e. credit check).
3. Received the conrmation email with the credit check approval.
4. Filled out the Grad PLUS Master Promissory Note.
If you request the maximum as indicated on your financial
aid award letter please check the box on the right
If you request a loan amount below the max., please
indicate the exact dollar amount on the right side
Yes No
Yes No
Yes No
Yes No
Yes No
Yes No
Fall
Spring
Applying for Loans
Applying for a Graduate PLUS Loan
I have applied for a Graduate PLUS Loan (indicate on the right)
Applying for a Private Sallie Mae Loan
I have applied for a Sallie Mae Smart Option Loan (indicate on
the right)
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1. Once on campus, you can request a meeting with members of the financial aid office in order to
understand your federal loans. You can find out how they impact your student account, and we can
clarify questions about interest rates, disbursement, repayment and planning for future semesters.
2. Student Accounting Services (SAS) processes living expense checks in euros during the week before
the start of classes. If you wish to leave your money on your student account of if you prefer to receive
the payment in US dollars instead of euros, the request must be made in writing to the following
address: sas@aup.edu. If you don't plan to open a local bank account into which you can deposit a
check in euros, please contact SAS as well.
3. You can request a statement of your loan history from The Financial Aid office.
4. For undergraduate students, you and your parents can contact the Financial Aid office at any point
to understand the implications of loans for financing your education.
1. If you are going to receive a living expense check in order to pay Comforts of Home rent, it is your
responsibility to make this payment to Comforts of Home right away after retrieving your living expense
check from AUP. AUP does not pay Comforts of Home on your behalf.
2. You cannot qualify for any federal loan money or keep your previous federal loans in deferment if you
drop down to less than half time in a given semester. Half-time for loans is officially defined as 6 credits.
Please note that thesis extensions are worth 0 credits and, therefore, will not qualify you to receive
federal loans (see #7).
3. Since AUP is a foreign university (meaning our campus is located outside of the United States), federal
regulation states that students receiving federal loans during their studies cannot study in the U.S. at
any point while in the pursuit of their degree at AUP. This regulation means that you cannot participate
in a study abroad program with a partner university in the U.S. and that you cannot do field research,
write a thesis, or do an internship for credit within the U.S.(Code of Federal Regulations CFR600.52.ii.c).
USC /GW students are not eligible for federal loans while at AUP but this restriction is lifted once they
leave the AUP campus and begin studies elsewhere.
-ANDATORY Information
Your Right to Know
Important Policies & Common Misunderstandings
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This means that:
a) You can’t receive living expenses to cover January rent until the Spring semester funds arrive in
January.
b) You can’t receive living expenses for Summer unless you are registered for at least 6 credits in the
summer.
c) You can’t ever receive living expenses for the month of August as there are no classes during that
month.
7. Students with thesis extensions or Internships that extend beyond a current semester are not
eligible to access additional funds for living or for loan deferment. As an example:
a) Students can apply to register a thesis in the fall semester, which is covered by loans, but the
thesis extension in the spring, is not.
b) Students can apply to register an internship in the fall semester, but if the internship ends in
March, students are NOT eligible for loan funds in January, February and March.
We know the loan process can be confusing and we’ve created this document to help clarify it.
We appreciate you taking the time to read it. Feel free to be in touch with us with additional
questions OR WRITE TO admissions@aup.edu
I have read and acknowledged all information in this document: YES
-ANDATORY Information
4. Student Accounting Services (SAS) prepares living expense checks at the beginning of each
semester. If you have applied for the maximum loan amount for the current semester but need
additional funds before the following semester, you have the right to submit a special request for
these funds to the Financial Aid Office. Special request expenses must be legitimate educational
expenses as defined by the Department of Education and be deemed 'reasonable'. The Financial Aid
Office is required to deny any requests outside of this scope.
5. Each semester, the earliest that AUP can request federal loans is 10 days before the first day of
class. Student AccountinG Services credits the student accounts and processes living expense checks
as quickly as possible. They will be available to pick up during the week before the start of class.
6. Federal guidelines state that living expenses can only be linked to a given loan period (a semester).
The three official semesters at AUP are: Fall (September-December), Spring (January-May), Summer
(June-July).