Loan Application Process

Please see the Applying for Aid page for a description of the overall financial aid application process.

Student and Parent Loan Instructions

Note: Loan information for Federal Direct Student Loans (Subsidized, Unsubsidized, and PLUS) will be submitted to the NSLDS and will be accessible by guaranty agencies, lenders, and institutions determined to be authorized users of the data system.

Grinnell College Loan & Henry Strong Loan

ECSI, Grinnell's loan servicer, will send an email from webmaster@ecsi.net to your Grinnell account beginning in early July or when your award has been finalized, whichever is later, with instructions for completing a promissory note. All Grinnell College Loan and Henry Strong Loan borrowers must complete an online promissory note with ECSI.

The following information, as it appears on file with Grinnell, will be required to access the site:

  • Social Security Number*
  • Last Name
  • First Name
  • Date of Birth

*If you do not have a social security number, use your Grinnell Student ID, padded with leading zeros to create a nine digit “temporary” SSN.

For example for ID 0123123, use 000123123.

Federal Direct Student Loan

Step 1: Complete the FAFSA

If you have not already done so, complete the Free Application for Federal Student Aid (FAFSA) Grinnell Code: 001868.

Step 2: Accept Your Loan Award Online

Log in to the Online Financial Aid Office to accept your loan award or reduce your loan award. An increase to your loan must be requested by contacting the Office of Financial Aid at finaid@grinnell.edu or calling 641-269-3250.

Step 3: Complete Entrance Counseling

New students and first-time returning student Direct Loan borrowers must complete Entrance Counseling online at StudentLoans.gov before the loan funds can be disbursed. If you previously borrowed a Federal Direct Student Loan, you do not need to complete the Entrance Counseling again.

Step 4: Complete the Master Promissory Note

New students and first-time returning student Direct Loan borrowers must complete the Federal Direct Loan Master Promissory Note (MPN) online at the link below. You may electronically sign the MPN using your FSA ID. If you previously borrowed a Federal Direct Student Loan, you do not need to complete the Master Promissory Note again.

Federal Direct Loan Master Promissory Note Online Customer Service 800-557-7394

Federal Direct Parent Loan for Undergraduate Students (PLUS):

Step 1: Complete the FAFSA

If not already done, your student must complete the Free Application for Federal Student Aid (FAFSA) Grinnell Code: 001868.

Step 2: Request the Loan

Visit StudentLoans.gov.

The parent borrowing will need to:

  1. Select the Parent Borrowers tab
  2. Select 'Apply for a PLUS Loan'
  3. Log In
  4. Enter information to log in
  5. Go through the Apply for a PLUS Loan steps.

Step 3: PLUS Counseling

Effective March 29, 2015 PLUS borrowers with adverse credit who decide to pursue a PLUS with an endorser or through an appeal to the Department of Education, will be required to complete PLUS Counseling. The PLUS Counseling must be completed within 30 days and will only be valid for the duration of the credit check.

Visit StudentLoans.gov.
The parent borrowing will need to:

  1. Select the Parent Borrowers tab
  2. Select 'Complete PLUS Credit Counseling'
  3. Log In
  4. Enter information to log in
  5. Go through the PLUS Loan Credit Counseling steps.

Step 4: Master Promissory Note (MPN)

Parents borrowing for new students and first-time parent borrowers of returning students should complete the Federal Direct Parent Loan Master Promissory Note (MPN) online at the link below. You may electronically sign the MPN using your FSA ID. If you previously borrowed a Federal Direct PLUS Loan for the student, you do not need to complete the Master Promissory Note again.

Visit StudentLoans.gov. Customer Service 800-557-7394

The parent borrowing will need to:

  1. Select the Parent Borrowers tab
  2. Select 'Complete Loan Agreement for a PLUS Loan (MPN)'
  3. Log In
  4. Enter information to log in
  5. Go through the Submit Master Promissory Note steps.

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