Financial Aid
Loans

Award Letter Loan Basics

  • The loans described in this section are available only to students and to parents of dependent undergraduate students. The loans must be repaid, typically after the student graduates or ceases to be enrolled at least half time (6 credits as an undergraduate student; 3 credits as a graduate student).

    The financial aid award letter generally lists the maximum amount the student may borrow for the academic year.

    • To accept or reject Stafford, Perkins or Nursing loans, students log on to SUOnline and, from the Financial Information section of the Student Menu click on "Accept/Reject My Loans or Work Study Awards."
    • To request a reduced amount of any of these loans, students should email Student Financial Services from their SU email address, specifying the amount to which they want their loans reduced.
      • Revised loan amounts are distributed equally across all quarters for which students are expected to enroll.
      • When requested revisions are complete, notifications are are sent to students.