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Washington and Lee University

Washington and Lee University
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Accepting Your Loans

Washington and Lee University processes all Federal Stafford LoansFederal Parent PLUS Loans, and Federal Grad PLUS Loans through the William D. Ford Federal Direct Loan Program (referred to as the Direct Loan Program).  This allows all students and parents to borrow their Federal Stafford Loans, Federal Grad PLUS Loans, and Federal PLUS Loans directly from the federal government. 

Borrowing Your Loan Eligibility

If you have received your financial aid award letter and would like to accept your federal loan eligibility, follow the steps below.

Stafford Loan

  1. Complete and submit your Financial Aid Award Letter online paying particular attention to whether you have accepted/declined the Stafford Loan(s). To borrow less than the awarded amount(s) indicate the new amount immediately to the right of the original award.
  2. If this is your first Direct Stafford Loan, complete the Stafford Loan Master Promissory Note (MPN) on the Direct Loan website.  You will use your FAFSA PIN to electronically sign the MPN.
  3. If this is your first Direct Stafford Loan, complete Entrance Loan Counseling on the Direct Loan Website.  (If you are applying for both the Stafford and Grad PLUS Loans, you should complete the combination Stafford and Grad PLUS Loan counseling session.)

Parent PLUS Loans

  1. Review your Financial Aid Award Letter online to determine the amount of Parent PLUS loan eligibility.
  2. Complete the 2013-14 Parent PLUS Loan Borrower Information Sheet (BIS) online. Send the completed BIS to the Financial Aid Office (fax, email, or mail.)
  3. If this is your first Direct Parent PLUS Loan, complete the Parent PLUS Loan Master Promissory Note (MPN) on the Direct Loan website.  You will use your FAFSA PIN to electronically sign the MPN.

Graduate PLUS Loans

  1. Complete and submit your Financial Aid Award Letter online paying particular attention to whether you have accepted/declined the Grad PLUS Loan. To borrow less than the awarded amount indicate the new amount immediately to the right of the original award.
  2. Complete the 2013-14 Grad PLUS Loan Borrower Information Sheet (BIS) online.  Send the completed BIS to the Financial Aid Office (fax, email, or mail).
  3. If this is your first Direct Grad PLUS Loan, complete the Grad PLUS Loan Master Promissory Note (MPN) on the Direct Loan website.  You will use your FAFSA PIN to electronically sign the MPN.
  4. If this is your first Direct Grad PLUS Loan, complete Entrance Loan Counseling on the Direct Loan Website.  (If you are applying for both the Stafford and Grad PLUS Loans, you should complete the combination Stafford and Grad PLUS Loan counseling session.)

Mail the paper award letter and PLUS Borrower Information Sheet:
Washington and Lee University
Financial Aid Office
204 West Washington Street
Lexington, VA 24450

Should you have questions or concerns regarding any aspect of the loan process, please call the Financial Aid Office for assistance (540-458-8032 or 8717).