students at whiteboard

Loan Application Process

Student and Parent Loan Instructions

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

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

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: Request the Loan

Complete the Federal Direct Loan Request Form. If you need assistance with this process, you may schedule an appointment with a member of our office.

Step 3: Complete Entrance Counseling

New students and first-time returning student Direct Loan borrowers must complete Entrance Counseling online at Federal Student Aid 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

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 Federal Student Aid. The parent borrowing will need to:

  1. Under the ‘Apply for Aid’ menu, select Apply for a PLUS Loan
  2. Log in and 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 Federal Student Aid. The parent borrowing will need to:

  1. Under the ‘Apply for Aid’ menu, select Complete PLUS Credit Counseling
  2. Log in and 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. The exception is for PLUS borrowers who went through an appeal process due to adverse credit or the use of an endorser.

Visit Federal Student Aid. Customer Service 800-557-7394

The parent borrowing will need to:

  1. Under the ‘Complete Aid Process’ menu, select MPN for Parents
  2. Log in and go through the Submit Master Promissory Note steps.

ECSI, Grinnell’s loan servicer, will send an email from webmaster@ecsi.net to your Grinnell account beginning in early July or when you request a loan, 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.

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