Do I have to sign a new master promissory note?
Yes, all new students and first time borrowers will need to complete a new master promissory note. You will need your FAFSA pin number.
What happens to the Stafford loans I borrowed in previous years?
There is no change.
Will they still be deferred now that UMDNJ is changing its loan process?
Yes deferment remains the same.
How can I receive Direct Loans?
You must complete E-MPN, all required UMDNJ Forms and FAFSA.
What are the interest rates for Direct Loan?
See Direct Loan Fee Chart
Will I still be able to borrow private loans through an outside lender?
Yes, if you meet the qualifications you will still be able to borrow private loans through an outside lender up to your cost of attendance.
Where can I find information about who services my other federal loans?
You can find information about the servicers of your other federal loans at www.nslds.ed.gov. You will need your pin number from the FAFSA to access this information.