Financial Aid

Loan Information

borrow smart

The “Borrow Smart” campaign was developed to educate students regarding their rights and responsibilities as borrower’s and how to manage their student loan debt.

2015 draft 3 year cohort default rate – 22.2%


In conjunction with the "Borrow Smart" campaign and due to the Loan Education, Justification, Application Policy, effective 6-24-13 student loans will no longer be offered as part of your financial aid award package.  If you need to apply for a loan:

  • Please go to, quick links, financial aid, financial aid forms and then select Loan Application
  • Print the form and complete it entirely making sure to attach all requested documentation.
  • Please take the form to you local Financial Aid Counselor for review.  If you mail your form, please be aware that insuffcient documentation will result in non-review.

Entrance Counseling

If you are borrowing a federal loan for the first time, you are required to complete an entrance counseling session. Click here for a printable brochure on loan entrance counseling. The counseling may be done online at

Master Promissory Notes

If this is your first Direct Loan, your Master Promissory Note (MPN) will be available at within a week after you accept the loan. You will need your FAFSA PIN. Results will be sent electronically to the New River CTC Financial Aid Office. A valid MPN with references and valid signature must be completed before any loan funds will be disbursed to your account.

Exit Counseling

Click here for a printable brochure on loan exit counseling. To complete exit counseling, please go online at


National Student Loan Database (NSLDS)

You have the right to access the NSLDS to obtain information about your Federal student loan borrowing at New River CTC.


Note:  You will need your Department of Education issued FSA User ID.  If you have lost or don’t remember your FSA User ID, it can be retrieved at:





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Federal School Code for FAFSA: 039603



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 New River CTC will be closed Wednesday, March 21.