The Direct Loan Process
If you are a returning student who has never borrowed a Direct Loan while at Boston Conservatory, you should take the steps outlined below. (If you are a returning student who has at some point borrowed a Direct Loan while at Boston Conservatory, you should follow instructions 1 and 4. Once you have filled out the Direct MPN and the Direct Entrance Interview, you do not need to fill them out again while at the Conservatory.)
- Fill out the FAFSA
- Once the Conservatory receives the FAFSA, you will be awarded the Subsidized/Unsubsidized Master Promissory Note on Net Partner. Provide all documentation requested on Net Partner.
- Go to studentloans.gov and fill out the Entrance Counseling Interview and the Subsidized/Unsubsidized Master Promissory Note.
- Accept the loans on Net Partner.
Direct Parent PLUS and Direct Grad PLUS Loan Process
If you are an undergraduate student whose parent wishes to take out the Parent PLUS Loan, or a graduate student who wishes to take out the Grad PLUS Loan and has never done so before, take the following steps:
- The student fills out the FAFSA
- The student provides all requested documentation on Net Partner
- The parent or graduate student goes to studentloans.gov and fills out the PLUS application and the PLUS Master Promissory Note
- If you or your parent have taken a PLUS Loan out at the Conservatory before, you or your parent will have to fill out the PLUS application every year. You won't have to fill out the PLUS Master Promissory Note, however.
- If your parent has been denied the PLUS Loan, then:
- You will be automatically awarded additional Unsubsidized Loan in the amount of $4000 (freshman or sophomore) or $5000 (junior or senior)
- Your parent can appeal the decision
- Your parent can reapply with an endorser
- If your parent successfully appeals or reapplies, then the additional Unsubsidized Loan will be canceled.
Annual Reapplication Requirement
For federal and state aid programs, you must reapply every year by submitting a FAFSA. To apply online, visit fafsa.ed.gov. The FAFSA becomes available October 1. For most state aid, you must file your FAFSA by May 1. Check your individual state for deadlines. For SEO Grants and Federal Work-Study, you must submit your FAFSA by May 1.