Aultman College participates in the Federal Direct Loan Program, which allows students to borrow directly from the federal government through our Financial Aid Office.
Accepting Your Loan
- Students should accept or decline all or part of their loan through the Financial Aid Office.
- Once accepted, the Financial Aid Office will process the loan.
First-Time Borrowers
If this is your first time borrowing a Direct Loan, you must:
- Sign a Master Promissory Note (MPN) this is a legal agreement to repay your loan.
- Complete Loan Entrance Counseling this explains your rights and responsibilities as a borrower.
Both the MPN and entrance counseling are completed at StudentLoans.gov.
How the Process Works
File the FAFSA
- Submit your Free Application for Federal Student Aid (FAFSA) online at fafsa.ed.gov.
- Aultman College school code: 006487
Student Aid Report (SAR)
- After submitting the FAFSA, you’ll receive your SAR electronically.
- Keep this for your records.
- Corrections can be made online at fafsa.gov.
FAFSA Data Received by Aultman College
- The Financial Aid Office receives your FAFSA results electronically.
- You may be asked to provide additional documents. Contact us at finaid@aultmancollege.edu with questions.
Financial Aid Award Notification
- Award letters are emailed to students who qualify for financial aid.
- You must accept or decline your aid award and return it to the Financial Aid Office.
- Gift aid (grants, scholarships, institutional aid) is automatically applied.
Final Step: Account Credit & Refunds
- Once your file is complete and enrollment requirements are met, accepted financial aid is credited to your student account (usually mid-semester).
- If there’s a remaining credit after charges are paid, a refund is issued.
- If a balance remains after aid is applied, you are responsible for payment. Balances are due at the start of each semester, and payment options are available.
Need Help?
We’re here to support you! Contact the Financial Aid Office: