Renewing Loans

Continuing Students: About Renewing Aid

Current students need to re-apply for aid each year

To renew a federal student loan

Be sure to accept your loan: Students who have applied for financial aid after their first academic year and have been issued an award letter must contact their financial aid counselor to notify them of the value of the loan they would like to accept (all or partial). Students do not need to resubmit any additional forms such as Master Promissory Notes or Entrance Interviews.

To renew an Alternative Loan

Students who are receiving an Alternative loan must reapply for their loan every year. Just like the PLUS loan, alternative loans are credit approved loans, so they are not guaranteed each year. Students receiving an alternative loan must complete an application with their preferred vendor.

To renew a Parent PLUS loan

PLUS Loans must be renewed every year. Parents/students must apply for the PLUS loan and be approved to receive funds. Approval for prior years does not guarantee PLUS loan funding will be approved each year. Loan recipients can complete the PLUS loan application at StudentLoans.gov.