Denver Seminary

Denver Seminary participates in the Federal Stafford Loan program. Low-interest loan funds are provided by banks which are subsidized by the Federal Government. Students apply through the Denver Seminary Financial Aid Office. Stafford Loans come in two forms: subsidized, which are awarded to the most needy students, and unsubsidized for everyone else. Subsidized loans are interest free to the student while in school, and unsubsidized loans incur a low rate of interest that the student may pay while in school or have added to the amount of principal owed. No payments are made on principal for either type of loan until six (6) months after graduation or termination from the seminary.

Denver Seminary's Loan Recommendations

Denver Seminary Loan Guidelines

The information provided on this sheet is designed to help you understand and complete the forms necessary to secure funding from the Subsidized and Unsubsidized Federal Stafford Loan program.  The most accurate and detailed information regarding the different lenders is going to be on their individual website.  The lenders chosen to be on this list, responded to the request for information sent out by Denver Seminary.  The Financial Aid Office reviewed the information and decided that these lenders are giving the best benefits to the students.  One of the benefits is to have financial literacy training on campus for current students and on the lenders website.  Please remember to electronically sign your award letter office as it will serve as your loan request.  Below we have listed the frequently used lenders at Denver Seminary with the link for you to complete your application for a Stafford Loan.  You must follow the steps and at the end you will sign the Master Promissory Note. 

 Entrance Interview

First time Stafford Loan Borrowers at Denver Seminary are required to complete an Entrance Interview before we will certify your loan. If there is any chance that you will take a Grad PLUS loan you will need to complete the Stafford Loan/Grad PLUS Entrance Interview.  Follow this link to complete this requirement: http://mappingyourfuture.org/

Adjustment to Loan Amounts

Loan fees of 1 percent will be deducted from the gross amount of the loan that you receive.  The loan amount will be disbursed in equal amounts for each semester.  Processing takes 2-4 weeks after you have submitted all of the required information.  We recommend that you start the process as early as possible.

Frequently Used Lenders

You are able to use any lender that you want.  Please contact the Financial Aid Office to provide the necessary information for processing 303 762-6903. 

If you are a continuing student and have already completed a Master Promissory Note (MPN), you do not have to complete a new one.  However if you have changed lenders, or your lender is no longer participating in the Stafford Loan program, you do need to complete a new MPN.  This MPN is good for up to 10 years.  All you are required to do is sign  your award letter electronically.     

Please click on a link above and complete a MPN with your lender. If you would like assistance please contact either your lender or the financial aid office at 303-762-6903. Your loan is a long-term commitment for both you and your lender; please take the time to carefully make your lender selection.