Financial Aid

Loan Information for Students and Parents

Whitworth University administers federal Student and PLUS loans through the Federal Direct Loan
Program. Borrowers complete the necessary processes, and Whitworth facilitates the funding directly
from the federal government. Below are links to webpages that will provide additional information on
the Federal Direct Loan Program.

Federal Direct Student Loan Program Information

Federal Direct Parent Loan Program Information

For new borrowers or previous borrowers with no outstanding balances as of July 1, 2013, please
read the Time Limitation on Direct Subsidized Loan Eligibility document.

Click on the loan program below to jump to more information and application processes:

Federal Direct Student Loan

Federal Perkins Loan

Federal Direct Parent Loan

Federal Direct Graduate PLUS Loan

Private Education Loans

Federal Direct Student Loans
These loans are government-insured student loans. Students must file a FAFSA in order for the financial aid staff to determine eligibility. There are two types of Federal Direct Student Loans.

  • Subsidized Loans are need-based loans subsidized by the federal government, which ensures that all interest charges during school and periods of deferment are paid by the government. The fixed interest rate on this loan for the 2015-16 academic year will be 4.29 percent. Students have six months from the day they are no longer enrolled at least half time (see below) to begin repayment. Interest is not charged while students are in school.
  • Unsubsidized Loans are non-need-based loans that are not subsidized by the federal government. Students are responsible for all interest charges during school and periods of deferment. Students can defer interest payments until they begin repayment. The interest rate on this loan for the 2015-16 academic year will be fixed at 4.29 percent for undergraduate students and 5.84 percent for graduate students. Students have six months from the day they are no longer enrolled at least half time (see below) to begin repayment on both principal and interest.

According to federal regulations, institutions are to disclose to students the average amount a student would borrow on the Federal Direct Student Loan programs as well as the Federal Direct Graduate PLUS Loan for graduate students. The following chart indicates those average amounts reflected by student program for the 2014-2015 academic-year.

Student Type by program and the average number of years to complete the respective program

Average Annual Amount borrowed on all federal loan programs

Average Monthly Payment on the *Federal Standard Repayment Plan over a maximum of 10 years with a 6.8% interest rate

Traditional Day Undergraduate Students for 4 years of study

$26,592

$306

Evening Undergraduate Students for 2 years of study

$19,330

$222

MIM/MBA Students for 2 years of study

$29,861

$344

GSE Students for 2 years of study

$30,889

$355

MA Theology Students for 2 years of study

$25,654

$295

MIT Students for the entire program

$41,928

$483

*The Standard Repayment Plan is the most aggressive payment plan offered by the Federal Direct Loan Servicing Center. There are other repayment plans that are offered and would reduce the monthly payments.

Enrollment status information that has an impact upon loan repayment:

Undergraduate students must be enrolled in six credits or more to be considered half-time.

Graduate students must be enrolled in three credits or more to be considered half-time.

The Stafford exit loan counseling process will be required once a student is no longer enrolled at least half time.

Online Federal Direct Loan Processes:

Complete Federal Direct Student Loan Electronic Master Promissory Note: www.studentloans.gov

Complete Federal Direct Student Loan Entrance-Loan Counseling Process: www.studentloans.gov

  • Allow 30 minutes to complete the process.
  • Read all text carefully.
  • Print your "Borrowers Rights and Responsibilities" for your records.
  • Print the "Verification" page that indicates that you have completed and passed the quiz. You may need this page as proof of completing this process. Please retain it in your records.

Complete Federal Direct Student Loan Exit-Loan Counseling Process: www.studentloans.gov

You can always view your federal student loan history on National Student Loan Data System for Students (NSLDS) at www.nslds.ed.gov.

For a complete list of federal loan servicers, visit: https://studentloans.gov/myDirectLoan/additionalInformation.action

Perkins Loan

Federal Direct Parent Loans (PLUS)

Federal Direct Parent Loans are loans borrowed by parents for dependent students who are enrolled at least half time. A parent can be a student's biological or adoptive parent or the student's stepparent, if the biological or adoptive parent has remarried at the time of application. Federal Direct Parent Loans are loans that do require credit approval. Interest is charged at the time of disbursement. The parent can choose to pay the interest or defer it as long as the student remains in school at least half time. Repayment begins within 60 days from when the student is no longer enrolled.


To read more about the Federal Parent Loan Program visit: http://www2.ed.gov/offices/OSFAP/DirectLoan/parent.html


Parents who are interested in borrowing a Federal Parent Loan for the 2015-16 academic-year should complete the following checklist:


_____Step 1: Determine how much to borrow; visit our online 2015-16 Cost EstimatorWe encourage parents to apply for the total amount of parent loan needed for the entire academic year.  By doing just one parent loan for the academic year, a parent’s credit will only be checked once and the funds are guaranteed. Parent loans borrowed for the academic-year are disbursed according to the number of terms the student is attending and once the student’s financial aid file is complete.  (Interest is only charged on the amount disbursed.) There is a minimal origination fee taken from each disbursement of 4.292. Once you know the net amount you want to receive, divide that number by .95708 to determine the gross amount you would need to apply for in order to receive that net amount after the origination fee is taken out off the top.

_____Step 2: Using your FAFSA log in data, log into www.studentloans.gov and complete the 2015-16 Parent Loan Request process.  Parent borrowers will be notified immediately if they are approved or denied for the loan.

Approved borrowers

_____ Complete an electronic PLUS Master Promissory Note available at www.studentloans.gov -for parents borrowing for the first time for a student.


_____Indicate the amount you want to borrow based on Step 1 in the online request process.  (Whitworth does not calculate how much is owed to determine the loan amount.) The parent borrower determines the amount to borrow by entering one of the following in the request process:

  • An amount owed for the year (factoring in loan fees);
  • An amount that works with other resources ; or
  •  MAX – Whitworth will calculate what will be the maximum the parent is eligible for based on his/her student’s cost of attendance minus other financial aid resources. This amount may or may not exceed the amount owed.

_____Print, complete and return the Parent Loan Self-Certification Form.  This form is required for all new loans and for all parent borrowers.  Whitworth must confirm parent borrowers meet all parent loan eligibility requirements before disbursing funds to a student’s account.

Denied borrowers will be given the following options during the online process:

    • Pursue an endorser. Denied parent loan borrowers can obtain an endorser to co-sign on the loan for approval.  The endorser should not have any adverse credit history and is required to complete an online addendum.
    • Request the additional Unsubsidized Stafford Loan for the student.  Students are eligible for additional Unsubsidized Stafford Loan funds if the parent is denied a parent loan.
      • 1st and 2nd year studentscan borrow an additional $4,000
      • 3rd and 4th year students can borrow an additional $5,000
    • Appeal/Challenge the Credit Decision.  Parent borrowers who choose to appeal the credit decision and are approved, will be required to complete PLUS Credit Counseling before the school can disburse any funds on his/her behalf.  The PLUS Credit Counseling can be completed at www.studentloans.gov.

For questions related to the online processes to the Federal Parent Loan, please contact Federal Department of Education – Applicant Services at 1-800-557-7394.
For questions related to the processes at Whitworth University, please contact the Financial Aid Office at 509-777-3215.


Helpful Links:

  • Parent Information
  • Cost Estimator
  • PLUS MPN
  • PLUS Counseling
  • Disbursement Information
  • Federal Direct Graduate Parent (PLUS)Loans

    The Federal Direct Graduate PLUS Loan program is similar to the Federal Direct Parent Loans. To be considered for a Graduate PLUS Loan, students must first apply with a FAFSA to determine eligibility for the Stafford Loan Program. This loan is not based on financial need; the student must show credit-worthiness, and interest is charged while the student attends school. Principal and interest repayment begins within 60 days from the date that the student is no longer enrolled at least half-time.

    To apply for a Graduate PLUS Loan, a student must complete the Federal Direct Graduate Parent Loan Request Form online at www.studentloans.gov. The student must log into access the request process using their FAFSA login information.

    If the student is approved for the loan, s/he must complete the following two online processes.

    Borrowers who choose to appeal/challenge the credit decision and are approved, will be required to complete additional PLUS Credit Counseling before the school can disburse any funds on his/her behalf.  The PLUS counseling can be completed at www.studentloans.gov.

    Private Education Loans