clipboard steeple boxes gift circle-arrow chevron-thin-right chevron-thin-left magnify alasu instagram youtube feed twitter facebook

Welcome to Alabama State University. The following assistives navigation will help you jump to specific areas of the page.

Federal Loans

Applying for Aid

At Alabama State University, applying for financial aid begins with filling out your FAFSA (free application for federal student aid.

Types of Loans

Required Items for Loan Funding Process

After a student has selected a lender, he/she may then complete a master promissory note. Listed below are some key items required for proper loan funding process:

  • FSA ID Website
    An FSA ID is compromised of a username and password and is required in order to e-Sign your Federal Direct Loan MPN and other federal student aid documents.
  • Master Promissory Note
    A Direct MPN is required of all new and current borrowers.
  • Entrance Counseling
    Federal Direct Entrance Counseling is required for new borrowers who have not already completed an Entrance Counseling Session.
  • Exit Counseling
    Federal Direct Exit Counseling is required prior to graduating or leaving Alabama State University; borrowers are required to complete an exit counseling session.
  • Loan Consolidation
    Consolidate your FFELP loans with your Federal Direct Loans when you graduate if desired.

Pros & Cons of Consolidation

A Consolidation Loan can lower the borrower's total monthly repayment and simply loan repayment. Because the repayment period for the Consolidated Loans is often longer than for most Stafford Loans, the monthly payments may be lower.(On the other hand), the total interest that is paid over the longer repayment period is usually greater.) If the borrower has more than one loan, a Consolidation Loan simplifies repayment because there's only one lender and one monthly payment. Consolidation may be an option for a borrower in default, if certain conditions are met. The borrower should also be aware that some deferments and other benefits available with his/her current loans (especially Perkins) may be lost through consolidation.

Contact Us

Financial Aid Office
Alabama State University
J. Garrick Hardy Student Center C2.48
915 S. Jackson Street
Montgomery, AL 36101-0271

Phone: (334) 229-4323
Email: finaid@alasu.edu
Fax: (334) 229-4924
M-F 8 a.m. to 5 p.m.
 

Helpful Links

FAFSA
The Free Application for Student Aid is the most important step in applying for financial aid. It’s the fastest and most accurate way to apply.

ASU School Code
001005

Check Your Status

Hornet’s Web for Students

Back to top