General Information
- Common Loan Definitions
- Financing Alternatives
Brown University Loan Office
The Brown University Loan Office is responsible for managing all federal and Institutional loan programs, Tuition Prepayment Plan, and the Brown Employee Loan Program. The office manages the collection of Federal Perkins, Health Profession, and institutional funds, and is responsible for processing deferments, forbearances, and cancellations for these loan programs.
The Office of Financial Aid determines student eligibility for financial aid and awards all federal and institutional student loans. Loan award information is transmitted to the Loan Office. Students are notified by the Loan Office of any documentation that must be completed before their loan(s) can be processed, including promissory notes and loan entrance counseling. Once all required documentation is completed, the student loan funds are credited directly to the student's account. If the loan funds create a credit balance on the student's account, a refund request form can be completed and remitted to the Bursar Office.
Information regarding Parent Loans can be found on the Loan Office web site under “Financing Alternatives”. Parent borrowers can apply for amounts up to the Expected Family Contribution (EFC) and approval is based on the borrower's creditworthiness.