Annual Student Loan Acknowledgment

Called the "Annual Student Loan Acknowledgment" to encourage borrowers to complete it each year, this review of your loan borrowing is a voluntary and optional process to complete as you desire.

All federal student loan borrowers (including parent borrowers for Federal Direct Parent PLUS Loans) can complete the acknowledgment in less than 10 minutes to gain a better understanding of their loan.

If you are a first-time borrower accepting a federal loan, you are acknowledging that you understand your responsibility to repay your loan.

If you are an existing federal loan borrower, you are acknowledging that you understand how much you owe and how much more you can borrow.

To complete the process, you will need the following:

• Verified FSA ID (used to complete your FAFSA)
• School Name*
• Degree Name*
• Field of Academic Program*

          * first-time borrowers only

Because your Federal Direct Loan is held by the federal government, you will need to go to the U.S. Department of Education website to complete the Annual Loan Acknowledgment using the link below and signing in with your FSA ID.

There are many additional loan resources that are available in understanding your loan, its terms and conditions, and payback responsibilities. It is important, as a loan borrower, to read the information on the Student Financial Aid website.

Additionally, studentaid.gov is a main portal to information specific to your federal loan. Take the time to read information now and as a refresher throughout college career.