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7/20 deadline to receive federal loans?

writermandanwritermandan 2 replies2 threadsRegistered User New Member
My graduate school I was accepted to emailed me to say there's a July 20th deadline to "receive federal loans," which only is stated in the email's subject line.
The FA email says they want me to complete entrance counseling and the Unsub MPN, and to do so as soon as possible. They also say to let them know if I'm not going to attend.
Is there an actual date to complete these things in order to receive federal loans?
They awarded me the max per semester that's allowed for graduate unsub, then offered me grad PLUS to cover the rest of the COA. But I had a Chapter 7 bankruptcy discharged in February 2015, though it was filed November 2014, which is considered "adverse credit info" that prohibits me from applying for Grad PLUS loans without an endorser.
I'm considering appealing, because the rule is if the Bankruptcy was in the last five years, it'll be considered adverse, but mine isn't right on the cusp of being five years, that I may send them my discharge letter from 2015 anyway to see if they'll overturn the decision, because there's no way I can afford the semester bill with only the unsub amount.

So anyway, does anyone know about a national deadline to complete graduate school MPN and entrance counseling? I don feel understand why I have to complete these things by the 20th of July if I don feel start school until August 18th and the aid wouldn't even disburse until September...

Thanks for any help or guidance!
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Replies to: 7/20 deadline to receive federal loans?

  • mom2collegekidsmom2collegekids 84030 replies1013 threadsForum Champion Financial Aid, Forum Champion Alabama Forum Champion
    The deadline to apply for loans is not soon at all. Sounds like the school has some arbitrary time. Then federal deadline is many months from now.
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  • kelsmomkelsmom 15560 replies98 threadsRegistered User Senior Member
    edited July 20
    The school deadline is set to allow them to process your loans in time for them to pay to your account for the start of the semester. You can request loans later than that deadline. In fact, you can request loans and loan increases throughout the academic year, as long as you are enrolled at least half time when the loan is scheduled to be disbursed.

    I work in financial aid at a grad school. My loan deadline was July 15 for September disbursement. This forced students to think about how they plan to pay, and it allows those who are turned down for Grad Plus to appeal, get an endorser, or figure out an alternative. It is not an issue for students to apply for loans later, but the earlier I can get the requests, the more likely it is that I can get everyone to do all required steps in time so their loans can be disbursed in the initial fall loan disbursement.
    edited July 20
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