Finalizing Your Student Loans

Federal student loans

Step 1:

Accept your loans in MyPacific: Log in to my.pacific.edu, open the Financial Aid widget and select Go to Financial Aid Portal, then on the Offer tab, scroll to the Loans section and choose Accept All, Decline All, or Modify (if you do not want the full loan amount) before clicking Submit.

Important: Loan offers must be accepted each school year.

Undergraduate students

Complete at studentaid.gov.

Step 2: Master Promissory Note (MPN)

Select I’m an Undergraduate Student.
Complete the MPN for Subsidized/Unsubsidized Loans.

Step 3: Loan Entrance Counseling

Select I’m an Undergraduate Student and complete the counseling.

Graduate & professional students

Complete at studentaid.gov.

Step 2: Master Promissory Note (MPN)

Select I am a Graduate/Professional Student.
Complete the MPN for Unsubsidized Loans.
Complete the Direct PLUS Loan MPN, if eligible for PLUS loans.

Step 3: Loan Entrance Counseling

Select I am a Graduate/Professional Student and complete the counseling.

Are you a new or legacy borrower?

Recent federal changes created two borrower categories — legacy and new. Your category affects your loan limits and which Parent PLUS and Grad PLUS restrictions apply to you.

You are a legacy borrower if you can answer "yes" to both questions below.

You are a new borrower if you cannot answer "yes" to both questions below.

Disbursement:

Did you receive a disbursement of a federal student loan at Pacific on or before June 30, 2026?

Undergraduate students and their parents: This also includes a Parent PLUS loan received as an undergraduate.
Graduate and professional students: This also includes a Grad PLUS loan for your current graduate program.

Enrollment:

Were you enrolled at Pacific for the spring 2026 and/or summer 2026 semester? (Summer counts only if your program requires summer enrollment.)

Parent PLUS loans

For parents of dependent undergraduate students only (first year and transfer). Complete both steps at studentaid.gov.

Important: You must reapply for a new Parent PLUS loan before each new academic year begins.

Step 1: Apply

Visit studentaid.gov.
Under I am a Parent of a Student, select Log In to Start.
Log in using the parent’s FSA ID and password.
If applying for the 2026–27 academic year, use August 2026–May 2027 as the loan period.
If your application is approved, continue to Step 2 to complete the Master Promissory Note. (If your credit is denied, see the note below.)

Step 2: Master Promissory Note (MPN)

Select I am a Parent of an Undergraduate Student.
Complete the PLUS Loan MPN for Parents of Dependent Undergraduate Students.

If your credit is denied, contact our counseling staff to explore other options, such as filing an appeal, pursuing an endorser or increasing your student’s loan eligibility.

Private loans

Students and parents have options for private loans. Visit Elm Select to explore lenders that the University has identified. Note that there are other lenders beyond those listed on Elm Select that borrowers can explore.