Requesting a loan must be done on-line for the 2008-2009 academic school year. Request a loan only after you have carefully reviewed your financial aid award letter and the amount of loans offered.

STUDENT Stafford Loan - If you are awarded a Stafford Loan and would like to accept it, you can accept any amount up to but not exceeding the amount on your award letter.

• Review the Award Letter.
• Go to the on-line Lender List to request a Stafford LoanBe sure to request the annual amount desired.
• Simpson University will receive confirmation of the loan request. As prompted, please complete and E-sign the Master Promissory Note online.
• If you do not request a loan, Simpson University will decline it on your behalf.

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Perkins Loan - If you have been awarded a Perkins Loan and would like to accept it, you can accept any amount up to but not exceeding the amount on your award letter. Please accurately complete and return the forms included in your award packet, keeping the student copy for your records.

• New Borrower - If you are a new, first time borrower, you are required to complete entrance loan counseling to better understand the Perkins Loan. Failure to complete the new borrower meeting will result in delayed processing of funds.
• Previous Borrower - If you have already borrowed a Perkins Loan, please confirm the amount you would like to take out for the 2008-2009 academic school year by signing the Perkins Confirmation Form and returning it to Student Financial Services.

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PARENT Plus Loan If you are the parent of a dependent student, you will have the opportunity to help with your student's cost of college by taking out the Parent PLUS loan. You can borrow any amount up to but not exceeding the amount on the award letter.

Important facts to remember: (1) Only one parent should request the loan. (2) Requesting a PLUS loan does not obligate the parent to take out the loan. (3) It is necessary to request the loan even if you believe you may be denied, as the student may become eligible for an additional an unsubsidized Stafford loan through a denial.

• Analyze the annual amount you will need to request (deducting the 3-4% origination fees).
• Go to the online Lender List to request a PLUS Loan Be sure to request the annual amount desired.
• The Parent PLUS Loan request is a three-step process: (1) fill out the required confirmation form; (2) fill out the required pre-approval credit check; and (3) e-sign the Master Promissory Note. If you are a continuing parent borrower (at Simpson University), be sure you are the same borrower from the previous year as continuing borrowers only need to complete the confirmation form and the pre-approval credit check.
• If you do not request a loan, Simpson University will decline it on your behalf.

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Federal PLUS Loan for Graduate students - Once you have requested the full amount of your Stafford loans, you will have the opportunity to help with your cost of college by taking out the Graduate PLUS Loan. You can borrow any amount up to but not exceeding the amount on the Award Letter.

• Analyze the annual amount you will need to request (deducting the 3-4% origination fees).
• Go to the online Lender List to request a Graduate PLUS Loan Be sure to request the annual amount desired.
• The Grad PLUS request is a three-step process: (1) fill out the required confirmation form; (2) fill out the required pre-approval credit check; and (3) e-sign the Master Promissory Note.
• If you do not request a loan, Simpson University will decline it on your behalf.

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Private Loan - Private Loans are available to students in addition to Stafford loans and may be used to replace the offer of a Parent PLUS Loan. Once a private loan is certified by the University, the funds will be transmitted electronically to your student account. This process expedites the delivery of loan funds and eliminates the need for you to endorse a check. 

Carefully review the Lender List and choose the lender that best fits your needs. Request the annual amount needed. If you intend to have a co-signer, please be prepared to provide that individual's information. Most borrowers will obtain a better interest rate (and in some cases lower fees) by having a co-signer with good credit. Most private loans require a co-signer if the borrower has little or no credit history.

• Analyze the annual amount you will need to request (some private loans are subject to origination fees).
• Go to the online Lender List to request a Private Loan with the lender of your choice.
• The private loan request is a three-step process: (1) go to the online Lender List to request a private loan by selecting "Apply Now" with the lender of your choice; (2) fill out the required pre-approval credit check; and (3) e-sign the Master Promissory Note.
• The lender may request additional documentation to avoid delays in the processing of your loan.

There are generally two types of private loans, (1) school certified, (2) and non-school certified. School certified private loans are not allowed to negatively impact your financial aid package and the amount that can be requested cannot exceed your federal budget for financial aid. Non-school certified loans (also known as Direct-to-Consumer, or DTC, loans) have no limit on the amount that can be borrowed; however, they can negatively impact your financial aid package and may exceed your federal budget for financial aid. DTC loans can cause you to lose grants and scholarships if they are taken out for an amount that exceeds your financial aid eligibility. DTC loans usually have higher fees, higher interest rates, and less favorable repayment options than school certified loans. We do not recommend that a student pursue taking out a DTC loan. If you need additional funding to cover your college expenses, then we recommend a school certified private loan. Remember to only take out a private loan after you have exhausted all of your federal loan options (Stafford, Perkins, PLUS, and Grad PLUS). If you intend to take out a DTC loan, please contact Student Financial Services at (530) 226-4111 to discuss the impact this will have on your current financial aid package.

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Lender List - If you have not borrowed before, we recommend that you choose a Lender that you feel comfortable with. You must choose a lender in order to complete the online confirmation. If you do not see a lender on our list that you would like to use, please select "Other Lender" and enter the required information. Please note that using a different lender than those Simpson University offers may delay the processing of your loans. If you have already borrowed from the federal loan program, we recommend that you use the same lender. If you choose to select a different lender than previously used, you must complete and e-sign new Master Promissory Note (MPN) with that lender or your funds may be delayed.

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