Messiah College processes all federal student and parent loans directly through the United States Department of Education via the William D. Ford Federal Direct Loan Program.
For all students or parents who borrow a Title IV, Higher Education Act loan (typically the Stafford Loan, Perkins Loan and PLUS Loan), the institution is required to submit the loan to the National Student Loan Data System (NSLDS). NSLDS is a database maintained by the federal government and, via this database, information about your loan(s) will be accessible to guaranty agencies (organizations that contract with the federal government to process student data), lenders and institutions determined to be authorized users of the data system.
Federal loans are available to U.S. citizens and permanent residents only.
Loan Forgiveness & Third-Party Debt Relief Company Information
It has been brought to our attention “debt relief” companies may utilize sophisticated strategies through social media and other means to target unsuspecting borrowers by inappropriately using not only the Department of Education's logo but also Messiah College’s. These companies do this to give the impression they are working with or for the government.
Messiah College is currently monitoring organizations that may be using our institution's name, mascots, logos, trademarks or other identifying information in a manner that has not been authorized by Messiah College.
Here are four warning signs of third-party “debt relief” companies that student loan borrowers should avoid:
- Pressure to pay high up-front or monthly fees;
- Promises of immediate loan forgiveness or debt cancellation;
- Demands that you sign a "third party authorization"; or
- A request for a student's Federal Student Aid PIN or FSA ID.
These companies are often asking students to pay for services that are available to students free through the Department of Education. These services include:
- Consolidating federal student loans;
- Changing repayment plans;
- Resolving defaults;
- Filing requests for borrower defense loan cancellation; and
- Other benefits and services that students are entitled to receive at no charge.
There are also a variety of resources housed on the Department of Educations’ websites that can be used to inform students of Federal student loan repayment options and other important information, including the following:
- Information on StudentAid.gov;
- Information about student loan repayment at StudentAid.gov/repay;
- A video message on YouTube from former Secretary of Education, Arne Duncan;
- A blog post on the ED.gov from the Department of Education's Ombudsman;
- A blog post on the ED.gov and an article on Medium.com from former Under Secretary of Education, Ted Mitchell; and
- A video message on YouTube from former acting Secretary of Education, John King.
Please be sure, as a borrower, to educate your-self to avoid paying unnecessary fees to third party “debt-relief” companies.
- To obtain a Federal Direct Subsidized Stafford Loan or a Federal Direct Unsubsidized Stafford Loan, please complete your FAFSA.
- A Federal Direct Stafford Loan will be offered on your Financial Aid Award Notice. You can accept or decline the Federal Direct Stafford Loan on your Self-Service menu (prospective students can also use myMC).
- If you accept the Federal Direct Stafford Loan, the loan record will be processed in mid-July.
- About that time you should receive a Loan Disclosure Statement from the William D. Ford Federal Direct Loan Program detailing the terms and conditions of your Federal Direct Loan.
- Please note: You can cancel the Federal Direct loan at any time.
- Click here for more information about the Federal Direct loan, requirements, terms and conditions.
If a parent would like to obtain a federal Direct Parent PLUS Loan, a FAFSA is required for your student.
The PLUS Loan application process is only two separate steps.
- One parent should complete the Parent PLUS application, using your parent FSA ID # to log in.
- After applying online, the parent (borrower) needs to sign a Master Promissory Note (MPN).
- Shortly after the PLUS loan is processed in mid-July, you should receive a Loan Disclosure Statement from the William D. Ford Federal Direct Loan Program detailing the terms and conditions of your Federal PLUS Loan.
- Parents may request an 'in-school forbearance' option while the student is enrolled full-time. Interest will accumulate on the loan during this forbearance period. Otherwise, PLUS loan repayment begins 60 days after the loan is fully disbursed into your student's account.
- Click here for more information about the Parent PLUS loan, application, terms and conditions.
Please call us at 717-691-6007, Monday through Friday, 8:30 a.m.-4:30 p.m. or email us at firstname.lastname@example.org.