The Andover Newton Theological School Financial Aid Office understands that graduate education is expensive and is ready to assist all aid applicants in finding ways to meet individual program costs. We also recognize that school scholarship aid will not cover your full costs - students are encouraged to plan well and to continue to explore all church, family and private resources. Last, but not least, always feel free to call or write the Financial Aid Office for help with any financial aid concerns or questions.
Important Notice Regarding Changes to the Stafford Loan Program
The Budget Control Act of 2011 was signed into law on August 2, 2011. The following changes were made to the Direct Stafford Loan Program.
- Effective for loans made for periods of enrollment beginning on or after July 1, 2012 graduate students are no longer eligible to receive Federal Direct Subsidized Loans. Graduate students will only be eligible to receive Federal Direct Unsubsidized Loans. The annual loan limit remains unchanged at $20,500.
- Effective for loans disbursed on or after July1, 2012, the up-front interest rebate of .5% has been terminated. A 1% fee will now be deducted from each disbursement.
How to Apply
Master Promissory Note (MPN) and Entrance Counseling:
Entrance Counseling and the MPN may be completed at http://www.studentloans.gov . In order to complete the Entrance Counseling Session and the MPN you must have your PIN number available.
If you have never borrowed a Federal Direct Stafford Loan, you must complete a Master Promissory Note (MPN). Students who have a Federal Direct Stafford Loan Master Promissory Note already on file with the Department of Education will not have to complete a new MPN
If you have never borrowed a Direct Stafford Loan at Andover Newton, you must complete an Entrance Counseling Session, which will teach you your rights and responsibilities as a borrower.
If you have dropped below half-time enrollment status, withdrawn, or will be a graduating soon you must complete Exit Counseling.