The Financial Aid Office has partnered with USA Funds to provide a Loan Comparison Tool to aid you in your lender selection. It provides information on Stafford, PLUS, Grad PLUS, and Private/Alternative Loans.
New Stafford, PLUS and Private/Alternative borrowers will need to apply through this website. Stafford and PLUS borrowers will be instructed to complete Loan Entrance Counseling (if applicable) and sign a Master Promissory Note after selecting a lender and logging into OpenNet.* Private/Alternative borrowers will be taken to their chosen lenders website to complete the application process.
*A students OpenNet user ID/password is the same as the one used to access Your Electronic Award. Parents applying for a PLUS loan need to register using their own information and cannot use an ID/password previously created by their student. Concordia University does not provide OpenNet user ID's or passwords. If you are having difficulty accessing the site please contact OpenNet Customer Service at Sallie Mae- (888) 272-5543.
If you are denied a Parent PLUS Loan, your student may be eligible to receive additional Unsubsidized Stafford Funds of either $6,000 for freshman and sophomores or $7,000 for juniors and seniors. The Financial Aid Office will be notified by your lender when you are denied and a Revised Award Letter will automatically be created.