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Loan Information

Code of Conduct The Office of Financial Aid at Clayton State University has the responsibility to make the student loan process as efficient as possible and we strive diligently to give our students the best advice. Clayton State University Office of Financial Aid does not receive any financial incentives, benefits and/or inducements from any lender, nor do any of our personnel. We do not participate in revenue sharing or contract agreements with any lenders.

Entrance Loan Counseling The Department of Education requires all borrowers to complete online Direct Loan Entrance Counseling for each school you attend in order to receive student loans. You must complete Loan Entrance Counseling if:

  1. You are a first time borrower at Clayton State and you are required to complete Direct Loan Entrance Counseling.
  2. You previously completed an older version of student loan entrance counseling under the Federal Family Education Loan Program (FFELP) and have not completed the online Direct Loan Student Loan Entrance Counseling

Be sure to complete Student Loan Entrance Counseling NOT Financial Aid Awareness Counseling. You will not be able to receive your loan disbursement until this requirement has been satisfied.

Exit Loan Counseling The federal government requires us to counsel students regarding their rights and responsibilities as a student loan borrower before they graduate or leave school.

Federal Stafford Loan Programs Additional information on the Stafford Loan programs can be found at this website.

Federal Stafford Loans - Frequently Asked Questions Check this site for answers to most of your loan questions.

Federal Loan Acceptance Procedures Instructions for applying for student loans can be found on this web page. By following these procedures and accepting your loans, you are entering into an agreement with the Department of Education to borrow funds that must be repaid in full, including interest, according to Department of Education regulations.

FSA Student Loan Ombudsman If at any time you experience problems with your lender, you can contact the Ombudsman's office for assistance. They can be contacted at 877-557-2575 or visit their website.

Private Loan Program Additional information on private student loans can be found at this website.

Private Loans - Frequently Asked Question

Private Loan Agreement Form Please complete this form if you wish to be ONLY be reviewed for a private loan. You must complete the FAFSA if you wish to be considered for federal aid such as grants and subsidized or unsubsidized students loans.

Is there a limit to the length of time I can receive a Subsidized Stafford Loan?

Since July 1, 2013, Direct Loan statutory requirements have limited a first-time borrower’s eligibility for Direct Subsidized Loans to a period not to exceed 150% of the length of the borrower’s educational program. In addition, under certain conditions, the requirements have caused first-time borrowers who have met or exceeded the 150% limit to lose the interest subsidy on their Direct Subsidized Loans. The FAFSA Simplification Act, part of the Consolidated Appropriations Act, 2021, provides for a repeal of the 150% Subsidized Usage Limit Applies (SULA) requirements. For more information, please visit

Loan Limits There are both annual and lifetime loan limits for students. This web site provides important information on those limits.

NEW - Income Based Repayment (IBR) The Department of Education has now made it even easier for a student to apply for the new Income Based Repayment Plan by adding an electronic IBR application to Student Loans. Because this program requires a student to verify their income, they have also included the IRS data retrieval tool as part of the electronic application process.

Loan Repayment Calculator Use this calculator to help you determine your monthly student loan payment.

Master Promissory Note (MPN) Procedures

You will be able to access your loan history, loan balance, lender and guarantor information at Please note, as a consumer you need to be aware that the U.S. Department of Education will post your Federal Direct Loan data on the National Student Loan Data System (NSLDS) which is accessible by federal student loan guarantee agencies, lenders and institutions which the Department of Education has authorized access to this data system.

Salary Research This will allow you to research salaries to help see if you will make enough money to repay your student loans.

Student Access Loan (SAL) View information on the Student Access Loan (SAL) Program administered by Georgia Student Finance Authority (GSFA).

If you are selected and eligible for SAL, the funds will not be available to apply toward your tuition and fees by the fee payment deadlines. For students who have satisfied all necessary procedures with GSFC, the earliest your SAL funds will be received is after the drop/add period.