Brown University shieldBrown University

Loan Application Process & Disbursement

Loan Process

(Loans will not be paid to a students account until all steps have been completed and the semester start date is within 10 days.)

  • Accept or decline award offers - Students are required to make borrowing decisions on Banner Self Service beginning May 2nd each academic year. Students can choose to accept the full amount offered, a partial amount based on what is needed, or decline any loan.  Loans that remain in offered status will not be processed and will eventually be cancelled.
  • Complete loan requirements -  The Loan Office sends emails directly to the student's Brown email account with detailed instructions.  Learn more about viewing and completing Loan Requirements.
  • Disbursement - Loan funds will be disbursed to the student account once all loan requirements have been completed. Loan funds may no be disbursed any earlier than 10 days prior to the beginning of the term. If the loan disbursement results in a credit balance on the student account, students may request an electronic student account refund through the Bursar's Office.
  • Need additional funds to cover expenses? Contact Financial Aid to be certain you have exhausted all of your federal student loan eligibility before considering PLUS Loans or Private Loans.  Undergraduate students may request loans through the "Resources/Additional Information" tab on Banner Self Service. Borrowers may apply for PLUS Loans beginning on June 1st for each upcoming academic year.  

Plan Ahead

  • Keep track of borrowing each year - Visit StudentAid.ed.gov to view your federal student aid history and get federal servicer's contact information. Borrowers can also get details of institutional loans on Banner Self Service.
  • Complete Exit Counseling before leaving school - Exit Counseling is a mandatory requirement whether you are taking a leave of absence, withdrawing, graduating, or enrolling less than half-time.
  • Grace Period- Loans enter a grace period when you leave school. No payments are required, but it's a great time to pay down your debt and reduce your overall cost of repayment. It's also a good time to make decisions about loan repayment, get to know your servicers, and set up online account access. 
  • Repayment - You want to be prepared before your loans enter repayment.