Office Of Scholarships & Financial Aid
1201 S. State Street,
CSS 101,
Big Rapids, MI 49307
Requirements Information
First Time Borrowers must complete two one-time requirements, as well as a new annual requirement before a federal student loan can pay toward their student account:
Entrance Counseling is a tutorial that tells you all of the important details you need as an informed borrower - including interest rates, fees, and repayment information.
The Master Promissory Note (MPN) is your legal contract to repay the government once you graduate or drop below half-time attendance.
Annual Requirement - ALL Federal Loan Borrowers are encouraged to complete the Annual Student Loan Acknowledgement each academic year. This applies to undergraduate borrowers, parent borrowers for the Parent PLUS loan, and Graduate borrowers.
Direct Loans
Important: You will be prompted to enter your FSA ID to complete these requirements. If you have not already created an FSA ID, please follow the instructions to create one. You will not be able to complete this counseling without an FSA ID.
If you are a First Time Borrower who has accepted a Direct Loan (Subsidized and/or Unsubsidized) or plans to, you must complete Entrance Counseling and a Master Promissory Note (MPN):
- LOG IN at https://studentaid.gov
- Select the “Complete Aid Process" dropdown.
- Select "Complete a Master Promissory Note (MPN)".
- Select "Complete Loan Entrance Counseling".
ALL Borrowers who have accepted a Direct Loan (Subsidized and/or Unsubsidized, Parent PLUS, or Graduate PLUS) or plans to, are encouraged to complete the Annual Student Loan Acknowledgement each year:
- LOG IN at https://studentaid.gov
- Select the “Complete Aid Process" dropdown.
- Select "Complete Annual Student Loan Acknowledgement".
Please note that system restrictions prevent us from satisfying your loan requirements
until June 1. If you have already completed the Direct Loan Entrance Counseling and
Master Promissory Note, please disregard any missing requirement emails for these
items until that time.
Nursing/Health Professions Loans
- Sign in at UAS Connect once you receive emailed instructions to complete loan requirements.
- First time recipients of the loan must register, returning users can use their previous Username and Password.
- The FSA ID is not valid on the UAS website.
- Nursing Loan Self-Certification Form
- Nursing Loan Promissory Note
- Nursing Loan Disclosure Statement
Click Here for Exit Counseling
Average Loan Debt of 2021/2022 Ferris graduates according to degree level
| Degree | Debt |
|---|---|
| Associate | $14,020 |
| Bachelor | $21,027 |
| Master | $36,045 |
| Doctorate | $109,545 |