Accepting Loans


If you apply for financial aid, you may be offered loans as part of your school’s financial aid offer. A loan is money you borrow and must pay back with interest.

See complete list of Types of Aid ↪

Federal Direct Student Loans

Before Federal Direct Student Loans can be disbursed to your account, you must actively accept your loans and First-Time Borrowers must complete Entrance Counseling and a Master Promissory Note.

If you wish to reinstate a loan you have already declined or modify a loan you have already accepted please print, complete and return this Federal Direct Loan Update Form. If you wish to decline a Federal Perkins Loan or a Denison Scholar Loan, please contact the Office of Financial Aid.

Federal Direct Parent Loan for Undergraduate Students (PLUS)

To receive a Federal Direct PLUS loan, a parent must be a biological or adoptive parent of the student for which the loan is being borrowed. The loan is based on the credit worthiness of the parent. The maximum a parent can borrow is Denison's cost of education minus all financial aid the student receives. The interest on this loan begins to accrue when it is disbursed to the student's account, and continues to accrue until the loan is paid in full.

Applying for a PLUS loan

  • A FAFSA must be filed by the student for whom the PLUS loan is being borrowed.
  • Parents interested in a PLUS loan may now apply online at
  • A federal PIN is required to sign into  If you did not use a PIN to electronically sign a FAFSA, or if you have forgotten your PIN, you may apply for one or request a duplicate here.
  • First-time PLUS borrowers may also complete an Electronic Master Promissory Note (eMPN) at

Alternative Student Loans

Denison University provides resources for students and families to help with understanding private educational loan options. We believe that students and families should see and compare as many choices as possible in a format that helps them better understanding the obligations and impact of borrowing to pay their educational expenses at Denison.

As always, students should fully exhaust their Federal loan options before turning to private educational loans and parents should consider the PLUS Loan option if it fits within their budget.

Prospective Students: visit Admissions Financial Aid ↪