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Important Reminders for Borrowers of Federal Student Loans

The U.S. Department of Education has recently resumed federal student loan collections which were paused in March 2020 due to COVID-19. As repayment resumes, it is important to stay informed and take action! Visit our Loan Repayment page for more information.

Blue money icon

Important Reminders for Borrowers of Federal Student Loans

The U.S. Department of Education has recently resumed federal student loan collections which were paused in March 2020 due to COVID-19. As repayment resumes, it is important to stay informed and take action! Visit our Loan Repayment page for more information.

Student Loans

Do you need to accept your student loans?

  • If the answer is no - Do nothing, your loans will remain available if your financial situation changes, but they will not be disbursed, otherwise.
  • If the answer is yes - Follow the instructions below to accept your loans.

Accepting Your Student Loans

If you are accepting your loan for the first time or you have been out of school for some time, you must accept the loan in two phases.

  • Phase 1 - Entrance Counseling and Master Promissory Note (MPN):

    1. Go to studentaid.gov
    2. Sign in using your FSA ID (ID used for FAFSA).
    3. Complete the required Entrance Counseling.
    4. Complete the Master Promissory Note (MPN).

    Please note that this process may take up to 10 days to be reported to GSW after it is completed.

  • Phase 2 - Accept Your Loan with Georgia Southwestern:

    1. Go to gsw.edu/RAINLogin.
    2. Sign in using your CanesNet credentials.
    3. Click Financial Aid.
    4. Click Award Offer.
    5. Scroll down to Loans.
    6. Under Take Action, choose one of the three options:
      1. Click Accept to accept the loan.
      2. Click Decline to decline the loan.
      3. Click Modify to change the loan amount.
    7. Click Submit.

View Your Online GSW Invoice

View Your Online GSW Invoice

  1. Log into your RAIN account.
  2. Click on Student Services.
  3. Click on Registration.
  4. Click on Registration Fee Assessment.
  5. Select the correct Term and click Submit.
Scroll down to see invoice total including current financial aid awards.

Contact

Office of Financial Aid

Canes Central

229-928-1378 phone
229-931-2061 fax
finaid@gsw.edu

Monday - Friday 8:00 am - 5:00 pm

Resources


Need more information about loans?
For more information about student loans and the borrowing process, view our series of short videos that better explain and walk you though the loan process.
Financial Aid TV

Parent Plus Application Information

Students needing additional funds should consider asking their parents to apply for a Parent Plus Loan.

  • Visit studentaid.gov
  • Parents should sign in with their FSA ID and password
  • Click on Apply for a Direct PLUS Loan
  • Click on Start new to Direct PLUS Loan Application for Parents

General Loan Information

You do not have to accept the loan offer, or you may accept a portion of the loan offered. To accept a partial loan amount, type the amount you wish to borrow that is less that the offer. This amount will be split between two semesters. 

Types of Loans

  • Subsidized Loan - Interest is paid by the federal government while you are in school and will begin accruing once you leave school. This is the preferred loan choice.
  • Unsubsidized Loan - Interest will accrue while you are in school and you will have to repay accrued interest plus the loan amount.

Cohort Default Rate Information

Georgia Southwestern State University is committed to helping students make informed borrowing decisions and successfully manage their federal student loan obligations. One measure of a school's success in helping students repay their loans is the Cohort Default Rate (CDR).

What is a Cohort Default Rate?

The Cohort Default Rate is the percentage of a school's federal student loan borrowers who enter repayment during a particular federal fiscal year and default on their loans within the applicable monitoring period established by the U.S. Department of Education.

The Department of Education calculates and publishes official Cohort Default Rates annually for all institutions participating in the federal student aid programs.

A low Cohort Default Rate indicates that borrowers are generally successful in managing and repaying their federal student loans.

Georgia Southwestern State University's Official Cohort Default Rates

Fiscal Year

Cohort Default Rate

FY 2022

0

FY 2021

0

FY 2020

0.1

Source: U.S. Department of Education Official Cohort Default Rate Data.

For official Cohort Default Rate information published by the U.S. Department of Education, visit https://nsldsfap.ed.gov/cdr-searchable-database/school/search.  You may search for GSW by using the school’s OPEID which is 001573.