STAFFORD, PLUS, and PRIVATE loans

New Borrowers

Stafford loan will automatically be included in your financial aid award if you completed the FAFSA.  However, you will still need to follow the necessary steps in order to receive the loan.  Parent PLUS loans will be originated through Wabash College once the parent has completed the Parent PLUS Loan Request Form for the current school year. Private loans are the responsibility of the student.  Wabash College Subsidized loans are need-based.  If this loan is not included in your financial aid award, you are not eligible for it. 

Previous Borrowers

If you have utilized a Stafford loan in the past, and have completed the FAFSA, the Stafford loan will automatically be included in your financial aid award. Parent PLUS loans will be originated through Wabash College once the parent has completed the Parent PLUS Loan Request Form for the current school year. Private loans are the responsibility of the student.  Wabash College Subsidized loans are need-based.  If this loan is not included in your financial aid award, you are not eligible for it. 

Disbursement of Loan Funds

Generally, all financial assistance is divided equally between the Fall and Spring semesters.  Students and/or parents must apply and be approved for any loan funding.  All loan proceeds are applied against direct charges from the College. If there is a credit balance on the student's account after all aid is applied, the student and/or parent receives a refund from the Business Office after the student completes the registration process.  Any refund should be used toward indirect educational expenses.