The “Borrow Smart” campaign was developed to educate students regarding their rights and responsibilities as borrower’s and how to manage their student loan debt.
3 year cohort default rate – 31.7%
In conjunction with the "Borrow Smart" campaign and due to the Loan Education, Justification, Application Policy, effective 6-24-13 student loans will no longer be offered as part of your financial aid award package. If you need to apply for a loan:
- Please go to www.newriver.edu, quick links, financial aid, financial aid forms and then select Loan Application
- Print the form and complete it entirely making sure to attach all requested documentation.
- Please take the form to you local Financial Aid Counselor for review. If you mail your form, please be aware that insuffcient documentation will result in non-review.
If you are borrowing a federal loan for the first time, you are required to complete an entrance counseling session. The counseling may be done online at http://www.studentloans.gov.
Master Promissory Notes
If this is your first Direct Loan, your Master Promissory Note (MPN) will be available at http://www.studentloans.gov within a week after you accept the loan. You will need your FAFSA PIN. Results will be sent electronically to the New River CTC Financial Aid Office. A valid MPN with references and valid signature must be completed before any loan funds will be disbursed to your account.
To complete exit counseling, please go online at http://www.studentloans.gov.
Federal School Code for FAFSA: 039603