Education Loans

Students and their families can apply for federal or private loans to pay for costs that are not covered by scholarships, grants, or other types of financial aid. Students applying for federal student loans must complete a Free Application for Federal Student Aid (FAFSA).

The U.S. Department of Education offers low-interest student loan programs for U.S. citizens and legal residents. Student loans are also available from private lenders for those who are not eligible for federal loan programs or whose federal loans do not cover all their costs.

Accept your Federal Student Loan(s)

Once you have received and reviewed your award offer you must accept (full or partial amount) or decline your loan(s) via Maritime Self-Service, Financial Aid tab. Select "Award" and appropriate aid year. Select the tab that says Accept Award Offer on the right of your screen. First-time borrowers must complete a Master Promissory Note (MPN) and Entrance Counseling at before the loan can credit the student's account and disburse.

As with any type of loans, you should borrow only want you need.

Annual Renewal
Federal student loans are not carried over automatically from year to year. They must be renewed annually by refiling the FAFSA. The amount of a student's financial aid package, including loans, can vary from year to year and must be accepted every year via Maritime Self-Service.