Financial Aid at Thomas More College
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Stafford Student Loans

Most students who complete the FAFSA are eligible for Stafford Student Loans. Stafford Loans are the best student loans available for college students. A student can borrow money in their own name. They do not need a co-signer, and they are not required to go through a credit check. Interest rates are fixed, and repayment begins six months after the student graduates or ceases to be enrolled at least half-time. We advise students to borrow the minimum amount of loan funds they need. To receive Stafford loans, students must apply for them by following the instructions below. Students must complete both Entrance Counseling as well as a Master Promissory Note.

Stafford Loan Quick Facts*

Credit Check: No credit check required.

Interest Rates and Fees: Stafford Loans may be subsidized or unsubsidized depending on the student's financial need as determined by the FAFSA. No interest accrues on subsidized Stafford Loans while the student remains enrolled in school at least half-time. When interest does begin to accrue on subsidized Stafford Loans, the rate is fixed at 4.66 percent. Interest begins accruing immediately on unsubsidized Stafford Loans. The rate for unsubsidized Stafford Loans is fixed at 4.66 percent. The government deducts a 1.073 percent fee from the loan amount up front.

Repayment: Repayment begins six months after the student graduates or ceases to be enrolled at least half-time (six credit hours).

Refunds: Loan funds are applied to the student's account, and any refund generated after the student's balance is paid will be sent to the student by check.

Student Enrollment: Students must be enrolled at least half-time (6 credit hours) in order to receive federal Stafford Loan funds.

  • You must file a Free Application for Federal Student Aid at to qualify for Stafford Student Loans.
  • Your Stafford Student Loan Application is called a Master Promissory Note (MPN).
  • The Master Promissory Note describes your rights and responsibilities as a student loan borrower. By signing the MPN, you agree to repay the money borrowed and agree to all terms and conditions included in the MPN.
  • You DO NOT need to sign a new MPN each school year.
  • Transfer students who have borrowed at previous schools will NOT need to complete a new MPN with Thomas More College.

To Apply

  1. Visit Make sure you have names, addresses, and phone numbers for two references before you begin. These references should be people who will know how to contact you during school and after graduation.
  2. Click the SIGN IN button in the top left-hand side of the screen.
  3. Sign in with your social security number, the last two letters of your last name, your date of birth, and your FAFSA PIN number. If you forget your PIN number, visit and select "Request A Duplicate PIN" to retrieve it.
  4. Click the first link: Complete Counseling.
  5. Click the first column: Entrance Counseling.
  6. Select your school from the dropdown menu: Thomas More College.
  7. Select whether you are applying as an undergraduate or graduate student.
  8. Answer the questions and submit the Entrance Counseling Form. Be sure to open and complete all tabs on each page of the entrance counseling session.
  9. Click the link at the bottom of the page: You Can Submit a Master Promissory Note.
  10. Select Subsidized/Unsubsidized Loan.
  11. Select your school from the dropdown menu: Thomas More College.
  12. Complete your information, sign electronically, and submit application.

Apply for Stafford Student Loan

*2013-2014 amounts