Federal Stafford Loans

Federal Stafford Loan Application Process

IUPUI and IUPUC participate in the federal Direct Loan program for all federal Stafford loans. The lender for the federal Direct Loan program is the US Department of Education. The application process for a Federal Stafford Loan can be completed entirely online by following these steps:

1. Complete Free Application for Federal Student Aid (FAFSA) at www.FAFSA.ed.gov.
      • Be sure to provide the correct school code: IUPUI – 001813; IUPUC - E01033.

2. IUPUI Office of Student Financial Services will process your Federal Stafford Loan eligibility.

3. All students will be required to either Accept, Reduce or Decline the Stafford loans that appear
  in students’ Financial Aid Notification and in students’ OneStart accounts. It is very important for
  students to monitor OneStart and “Accept” or “Reduce” Stafford loans that they wish to receive. If
  no actions are taken, the Stafford loans will not be disbursed. Please follow our “How to Accept
  and Decline Awards” online tutorial for guidance.

4. If you are a first-time federal Direct Loan borrower, IUPUI will send a notification to your
  university email address to complete the online Master Promissory Note (MPN). These
  notifications will begin in June each academic year - if we have received your FAFSA and have
  evaluated your financial aid eligibility.

5. Another eligibility check is done at the beginning of each semester.  As long as you meet the eligibility requirements, your loan funds
  will apply to your university account no earlier than 10 days prior to your first class. If your balance is paid and you have a credit on
  your university account, you will receive the excess funds to use toward books and living expenses.

    • You are encouraged to sign up for direct deposit for any refund via OneStart or by visiting the Office of the Bursar’s website.

    • If you do not have direct deposit set-up through the Office of the Bursar, a refund check will be mailed to the "local" address on file
     with the university. You can view/update your addresses by visiting OneStart.


Any of the following conditions could delay the processing of your loan funds:
• Not having accepted your loan funds through Onestart.
• Not being admitted to a degree-seeking program.
• Not being enrolled at least half-time.
• Not having a FAFSA on file for the current academic year.
• Not meeting Satisfactory Academic Progress criteria.
• Having student loan debt in excess of the federal aggregate limits.
• Not completing loan entrance counseling.
• Not responding to requests for additional information/documentation.
• Waiting until classes begin before completing the financial aid process.

You should monitor the progress of your financial aid and any additional information requests via your OneStart account and email account.