Please read all information carefully. For important information on loan fees and interest rates, please view the聽Graduate Loan Chart.
Direct Loan Application
Important – Students who have previously completed聽the Direct Loan Master Promissory Note (MPN) and Entrance Counseling will receive the full amount of their Direct loans unless the Student Loan Change Request is submitted via email to studentfinancces@augsburg.edu
Graduate students who are eligible to borrow federal loans are required to be enrolled at least half-time each semester (3 credits or more). 鈥�
Students, who wish to borrow their Direct Federal Loans are required to complete the following steps.聽 If you are not sure whether you have completed this, please review your financial aid documents through 聽(Augnet login required).
Visit the
- Complete the
- Complete the
Graduate PLUS Loan Application
Graduates, there are three steps necessary to apply for a PLUS loan:
- Complete the聽. Click “Log In”, enter your Username and Password.聽 Select聽“Request a Direct PLUS Loan” to begin the Graduate PLUS application and聽select the amount you would like to borrow for the school year.
- Remember that the amount you borrow will be split evenly between the terms of the year. For example, if you borrow $4500, your loan will split evenly: $1500 for summer, $1500 for fall and $1500 for spring.
- 聽There is an origination fee. Review the to help determine how much you will need to borrow.
- Complete a聽 (MPN). Click “Log In”, enter your Username and Password to begin the Master Promissory Note (MPN).
- Complete . Click “Log In”, enter your Username and Password.聽 Select “Complete Counseling” and then “PLUS Counseling”
- When applying for a loan you will need to enter the loan period or the terms in which the loan will be used.聽 The amount you borrow will be split evenly between the terms you indicate on your application. For example, if you include fall and spring dates, your loan will split evenly in half.聽 Use the loan period listed below:
| 2026-2027 Year | Beginning of Term | End of Term |
| Summer 2026 | 05/18/2026 | 08/21/2026 |
| Academic Year 2026-2027 | 09/02/2026 | 08/20/2027 |
| Fall 2026 Only | 09/02/2026 | 12/18/2026 |
| Spring 2027 Only | 01/19/2027 | 05/07/2027 |
| Summer 2027 | 05/17/2027 | 08/20/2027 |
麻豆区 will be notified that you have completed each step in approximately 2-3 business days.聽 You can view whether or not these have been received and what aid you can expect each term by logging into your Augnet account, “Records Registration & Finances” and then selecting ““.
If you need to change your requested PLUS Loan Amount after you have submitted your application, please email studentfinances@augsburg.edu. Changes can be made up to 30 days after the loan has disbursed (been applied) to a student’s account.
Private Loan Options
Private alternative loans聽should be utilized only after all other financial aid resources have been exhausted. Private loan interest rates may be variable or fixed. Rates are often based on credit strength of applicant and or cosigner. Please follow the steps listed below to apply for a private alternative loan.
- Research and choose your lender. You may look at 麻豆区鈥檚 or look at other private loan options..聽(please note: students have the option to choose a聽lender not listed on 麻豆区鈥檚 lender list)
- Apply for the loan, following the steps the lender provides.
- Private loans can take 2-3 weeks to process.聽 It is recommended that students begin applying for private loans before the semester starts.
- When applying for a loan you will need to enter the loan period or the terms in which the loan will be used.聽 The amount you borrow will be split evenly between the terms you indicate on your application. For example, if you include fall and spring dates, your loan will split evenly in half.聽 Use the loan period listed below:
| 2026-2027 Year | Beginning of Term | End of Term |
| Summer 2026 | 05/18/2026 | 08/21/2026 |
| Academic Year 2026-2027 | 09/02/2026 | 05/07/2027 |
| Fall 2026 Only | 09/02/2026 | 12/18/2026 |
| Spring 2027 Only | 01/19/2027 | 05/07/2027 |
| Summer 2027 | 05/17/2027 | 08/20/2027 |
*For information on how 麻豆区 selects lenders listed on the preferred lender list, view our聽*