Student Loan Management Resources

How to Complete a Plus Loan Application

Entrance Loan Counseling
	Students who are considering taking out their first federal direct student loan must complete an Entrance Loan Counseling session. A quick and easy interactive loan counseling tool is available from the federal direct loan servicer at https://www.studentloans.gov. You can take this step now even if you have not yet received a financial aid award notice indicating your are eligible for a federal student loan. Parents borrowing through the PLUS program are not required to receive entrance loan counseling. Be sure to include Western Washington University when prompted to include a school this is to receive notification that you completed the counseling session.
Electronic Master Promissory Note The Electronic Master Promissory Note is the fastest, most accurate way for you to complete your promissory note. And - it's easy!
	To take advantage of the Federal Direct Student Loan program or the Federal Parent Loan for Undergraduate Students (PLUS) program, you must complete a loan repayment promissory note. The new Electronic Master Promissory Note (E-MPN) is faster and more accurate than the traditional paper process. You can even complete the E-MPN before you receive a financial aid award. Now is a good time to start the E-MPN process if you expect to use student loans to help fund your education.
Loan Repayment Calculator Will you be student loan debt free by 43?		Snowman outside Old Main
	Use this loan calculator to determine what your monthly repayment obligation will be once you leave school and start repaying your student loans.
Budget Calculator Do you really need to take out that student loan?
	This budget calculator will help you examine your expenses and sources of income to determine your student loan needs. Look for expenses that you can trim to reduce your borrowing needs.
Budget Your Expenses Where did it all go, Joe?
	Plan your income and expenses carefully to ensure your income matches or exceeds your expenses. Our budget worksheet will help you get started.
Direct Loan Services Quick... how much student loan debt do you have now?
	A key feature to managing your student loan debt is to know how much you have. Check your current loan balances with the Direct Loan Servicer to keep tabs on your debt level. Helpful loan repayment information is also available at this website.
Direct Loan Repayment So, is it time to think about repaying your student loans?
	The Direct Loan Repayment Book is an excellent resource to review your repayment obligations and options.
WWU Loans & Collections Office
	This office can provide guidance and advise on repaying your student loans.
Debt Management and Personal Financial Planning
	Learn how to manage a difficult financial situation and find resources to help you recover if you find yourself overextended in debt.