Annual Student Loan Acknowledgment
All borrowers -- students who borrow Federal Direct Subsidized, Unsubsidized, or Grad PLUS and parents who borrow Federal Parent PLUS Loans -- are able to complete an Annual Student Loan Acknowledgment in order to review your loan borrowing and anticipated loan repayment.
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.
Completing the Acknowledgment
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.
While loan borrowers only complete a Master Promissory Note (MPN) and loan entrance counseling generally once, the annual student loan acknowledgment is an easy way to keep track of your loan borrowing and plan for the future.
As always, student borrowers do need to complete the FAFSA each year to be eligible for federal aid.