Financial Aid and Loans

Financial Aid and Loans

Table of Contents
Obtaining Institutional or Financial Aid Information
Student Financial Aid Information
Undergraduate Financial Aid Data
State Grant Assistance
Student Loan Information Published by the Department of Education
National Student Loan Data System
Entrance and Exit Counseling For Student Borrowers
Private Education Loan Disclosures
Code of Conduct for Education Loans
Preferred Lender Lists and Arrangements

 

Obtaining Institutional or Financial Aid Information

Prospective and enrolled students are encouraged to contact individuals from the appropriate office for information and assistance regarding financial aid:

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Student Financial Aid Information

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Undergraduate Financial Aid Data
Financial Aid Statistics for Fall 2011: All Undergraduates

% of
Undergrads
Receiving Aid
Total Amount
of Aid
Received
Average
Amount of Aid
Received
Grant or Scholarship 48% $96,380,458 $31,476
Pell Grant 15% $3,809,894 $4,114
Federal Student Loan 24% $9,966,722 $6,485

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State Grant Assistance
  • Federal and State Grants: State scholarships are provided by select states for eligible students. A Free Application for Financial Aid (FAFSA) is also required from students to be considered for these grants.

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Student Loan Information from Department of Education

Information for students and parents who have Direct Loans or who want information about the William D. Ford Loan Programs can be found on the following websites:

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National Student Loan Data System
  • NSLDS Student Access: NSLDS is the U.S. Department of Education's central database for Title IV student aid. Inquiries can be made to this website about Title IV loans and/or Pell grants. The site displays information on loan and/or grant amounts, outstanding balances, loan statuses, and disbursements. In order to use the NSLDS Student Access web site, you will need to provide your social security number (SSN), the first two digits of your last name, your date of birth, and your PIN (formerly known as EAC).

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Entrance & Exit Counseling for Student Borrowers
  • Entrance Counseling:
    • To complete Federal Direct Stafford Loan Entrance Counseling, students should visit the Direct Loan Servicing Center. This interactive entrance counseling session will provide useful tips and tools to help develop a budget for managing educational expenses and assist in understanding loan rights and responsibilities.
    • To complete Federal Perkins Loan Entrance Counseling, students should visit Mapping Your Future. Click on "Online Student Loan Counseling" and select "Perkins Entrance".
  • Exit counseling:
    • Prior to graduating or leaving the University, borrowers of both Perkins and Stafford loans are required to complete exit counseling. Contact Brown's Loan Office at 401-863-3296 or Loans@brown.edu with questions regarding this requirement.

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Private Education Loan Disclosures
  • Students and parents may consider securing a private educational loan beyond any need-based loans administered by the Office of Financial Aid. Brown does not endorse one private loan program over another. However, the Office of Financial Aid has created a Private Education Loan Checklist  that we recommend students consider.

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Code of Conduct for Education Loans

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Preferred Lender Lists and Arrangements

If you are considering borrowing a private loan, please review the information available through Brown's Office of Financial Aid: Private Education Loans.

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