Student Loans

What is the Annual Student Loan Acknowledgement?

The Annual Student Loan Acknowledgment provides federal student loan borrowers information on student loans and how borrowing will impact their financial future. It is required to be completed every year federal student loans are requested, starting with the 2021 – 2022 school year. The Acknowledgement will be required for subsidized, unsubsidized, Parent PLUS, and Grad PLUS loans. The requirement applies to both student and parent borrowers. First-time borrowers will review information about loan debt and repayment of loans. Returning borrowers will review their current loan debt and loan servicer information.

How do I complete this?

The Acknowledgement is not required for the 2020 – 2021 year but it is available, borrowers are encouraged to complete it to review their current borrowing information. Log into your MyStudentAid account using your FSA ID and password to complete this Annual Student Loan Acknowledgement requirement.

Direct Student Loans

Direct Loans are low-interest loans for students to help pay for the cost of their education after high school and beyond. The lender is the U.S. Department of Education rather than a bank or other financial institution. To apply for these loans, you must have a FAFSA on file with Athens State Student Financial Aid.

Direct Subsidized Loans are loans for students with financial need, as determined by federal regulations. No interest is charged while you are in school at least half-time, during your grace period, and during deferment periods.

Direct Unsubsidized Loans are loans for students that are not based on financial need. Interest is charged during all periods.

The interest rate associated with these loans varies based on when they are disbursed. You can review the current rates here: Direct Loan Interest Rates

In addition to interest, you pay a loan fee calculated off the principal amount of each Direct Subsidized or Direct Unsubsidized Loan that you receive. This means the money you receive will be less than the amount you actually borrow. You’re responsible for repaying the entire amount you borrowed and not just the amount you received. This fee is not collected by Athens State University. You can review the current fee, and more information, here: Direct Loan Fees

Student Loan Repayment is Required.

Please review StudentAid.gov for detailed information concerning:

  • Direct Lending
  • Managing your student loans
  • Entrance Counseling
  • Master Promissory Note
  • Exit Counseling
  • Loan Consolidation
  • Loan Repayment Options
  • Loan forgiveness programs for teachers and public service
  • Assistance with repayment of student loans
  • Finding your Financial Aid History

Private or Alternative Loans for Students

Please return the completed pages linked below to allow you to apply for loans from private sources. Athens State does not recommend private student loans or lenders. The use of private student loans is at the sole discretion of the student. Athens State University does not certify loans for students in a suspended status.

Private Education Loan Applicant Self-Certification

Helpful Information Regarding Repaying your Student Loans