Terms & Conditions

• Title IV Loan recipients must have submitted a valid FAFSA and meet all minimum eligibility requirements for recipients of Federal aid programs.
• Loan amounts vary based on the student's level, dependency status, and classification. 
• Interest rates change annually. See studentaid.gov for new rate information for federal loans.
• Satisfactory Academic Progress standards for all state and federal programs can be found at onestop.web.baylor.edu/SAP.
• Most loans are available up to Cost of Attendance (COA), less all other aid.  
• Title IV loan information will be submitted to NSLDS and accessible by authorized agencies, lenders, and institutions, for students, or parents of students, who enter into an agreement regarding Title IV loans [HEOA 489 amended HEA Sec. 485B] – Access Title IV loan information here:  https://nslds.ed.gov/nslds/nslds_SA/.
• Entrance Counseling helps you understand loan terms and conditions. 
• Exit counseling helps you understand responsibilities when you drop below less than half-time hours, stop attending, or graduate.
• It is important to understand the terms and conditions of your loan and retain copies of all loan documents.  When you sign your promissory note (MPN), you are agreeing to pay the loan according to the terms of the note, even if you do not complete your educational program.
• Once all requirements are met, accepted Title IV loans will schedule to disburse, no earlier than ten days before the first day of class.
• Terms and conditions of Title IV, HEA program loans may be more favorable than provisions of private education loans.

Code of Conduct for Education Loans 

To comply with the Higher Education Opportunity Act of 2008 (HEOA), Baylor has adopted the federally mandated Code of Conduct for Education Loans to address specific legislative concerns relating to educational loan programs.