MBA federal loan

Can you tell me in detail about the Federal Loans offered for MBA (Master of Business Administration) students in Haas School of Business of University of California, Berkeley?

[sumit]

The University of California, Berkeley participates in the William D. Ford Federal Loan Program, which allows students enrolled at least half-time (6 units) to borrow money directly from the federal government.

Federal Loan Eligibility

General Eligibility Requirements:
In order to be eligible for any of the federal loan programs, one need meet the following requirements:
1. One need to be a U.S. Citizen, U.S. Permanent Resident or eligible non-citizen
2. One need to have a valid Social Security Number
3. One need to enrolled at least half-time for the semester (6 units)
4. One need not to in default on a federal educational loan and not owe a refund on a federal grant
5. One need to maintain Satisfactory Academic Progress
6. If male, One need to be registered with the Selective Service or obtain a waiver from the Selective Service Office

Application Process for Federal Loans
• File a Free Application for Federal Student Aid (FAFSA) at www.fafsa.ed.gov [annually]
• If the UC Berkeley Financial Aid Office requests it, submit additional documentation [contact Haas Financial Aid]
• Once one has a UC CalNet ID and passphrase and has received Financial Award Notification (beginning in June), accept one’s awards on MyFinAid There is a drop-down on the Award Details screen to accept all or part of the loans. [annually]
• One need to complete the Direct Loan Master Promissory Note (MPN) for Direct Loans [just the first year you borrow]
• One need to complete the Graduate PLUS Master Promissory Note (MPN) if one also wish to borrow this loan [just the first year you borrow]
• One need to complete the Federal Loan online Entrance Counseling [just the first year you borrow]
• Sign up for Electronic Funds Transfer (EFT) to more quickly receive loan funds borrowed beyond billable costs at eftstudent.berkeley.edu [just the first year one borrow]

MBA Federal Loan