What is E-Sign?

E-sign is an electronic signature which allows student loan borrowers to sign their Master Promissory Note and complete the loan process online. It is a fast and efficient way to complete the student loan process.

Federal Stafford loan

FFEL Stafford Loans have variable interest rates and are for eligible students. The loans you receive will be either subsidized or unsubsidized.

Subsidized loan is awarded on the basis of financial need. You won’t be charged any interest before you begin repayment or during deferment periods. The federal government pays the interest during these periods.

Unsubsidized loan is not awarded on the basis of need. You’ll be charged interest from the time the loan is disbursed until it’s paid in full. If you allow the interest to accrue while you’re in school or during other periods of nonpayment, it will be capitalized. This means the interest will be added to the principal amount of your loan, and additional interest will be based on that higher amount.

Most students begin repayment six months after leaving college or when dropping below half-time status.

You must only complete this process if you have done the following:

1. Completed your financial aid file
2. Have been awarded and accepted the Stafford loan
3. Completed the Loan Data Sheet on the web.
4. Completed the loan entrance counseling at www.mapping-your-future.org. (This only applies to first time borrowers, or students who did not attend the previous academic school year)

Ready to Continue to E-Sign Process >>