Student Loans

Please review the new process that begins April 2020

What is the Annual Student Loan Acknowledgement?

The Annual Student Loan Acknowledgement is an online session that will allow students and parents to see how much they have borrowed, preview what their monthly payments might be, and explain concepts such as capitalization and the difference between federal and private loans. Starting in the 2020-2021 school year, borrowers of Federal Subsidized, Unsubsidized and PLUS loans will be required to complete the Informed Borrowing Confirmation process once each award year before receiving disbursement of their loan.

How do I complete this?

After April 15th, 2020 log into your MyStudentAid account using your FSA ID and password to complete this Annual Student Loan Acknowledgement requirement.

Direct Student Loans

Direct Student Loans are low-interest loans for students to help pay for the cost of a student’s education after high school. The lender is the U.S. Department of Education rather than a bank or other financial institution. Direct Subsidized Loans first disbursed on or after July 1, 2010, have an interest rate of 4.5% while Direct Unsubsidized Loans first disbursed on or after July 1, 2010, have an interest rate of 6.8%. In addition to interest, you pay a loan fee of up to 2.5% of the principal amount of each Direct Subsidized or Direct Unsubsidized Loan that you receive.

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.

To apply for a Direct Student Loan the student must have a Free Application for Federal Student Aid on file with Student Financial Aid. Please see the information in Apply for Assistance for more details.

Student Loan Repayment is Required
Please see the website: 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

Helpful Information Regarding Repaying your Student Loans

***Note to students interested in private loan funding*** 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