Paying for
College: Loans
INFORMATION
FOR STUDENTS
AND
PARENTS

STUDENT INSTRUCTIONS
STEP 1: ACCEPT TERMS AND CONDITIONS
• On the Trailhead website (trailhead.mines.edu),
select Self-Service > Financial Aid > Eligibility >
Student Requirements. Click Submit once you have
located the appropriate aid year.
• Review and accept the terms and conditions. You
will not be able to accept loans until you have
completed this step.
• If you have other requirements outstanding,
complete those as soon as possible. Financial
aid will not disburse until your requirements are
complete (with the exception of work-study
requirements).
STEP 2: ACCEPT DIRECT LOANS
• In Trailhead (trailhead.mines.edu) select Self-Service
> Financial Aid > Award > Award for Aid Year. Click
Submit once you have located the appropriate aid
year.
• After reviewing the amount offered, you may
accept/reject/accept partial amount on the Accept
Award Offer tab. Any amount accepted will be
automatically split equally between fall and spring
terms.
STEP 3: COMPLETE ENTRANCE COUNSELING
• Log into www.studentloans.gov using your
FSA ID.
• Select Complete Loan Counseling > Start Entrance
Counseling.
• Once complete, this requirement will update within
3 business days on Trailhead.
STEP 4: COMPLETE MASTER PROMISSORY NOTE
• Log into www.studentloans.gov using your
FSA ID.
• Select Complete Loan Agreement (Master
Promissory Note) > Subsidized/Unsubsidized Loans.
• Once complete, this requirement will update within
3 business days on Trailhead.
• Funds will disburse to your Trailhead account no
sooner than 3 days prior to the start of classes.

PARENT INSTRUCTIONS
STEP 1:
REQUEST A DIRECT PLUS LOAN
• Log into www.studentloans.gov using your
(not your student’s) FSA ID.
• Select Apply for a Direct PLUS Loan > Start
Loan Application for Parents. There is one parent
borrower per loan.
• Read and answer all questions on the application.
You must specify an amount for the loan or choose
maximum amount (cost of attendance minus
all other aid). You can choose an amount that is
different from what was listed on your award letter.
• A parent can apply for a PLUS loan even if one was
not offered in the award letter.
• The parent who signed the FAFSA does not have to
be the PLUS loan borrower.
• There is an origination fee charged on the PLUS
loan. Please take this into consideration when
choosing your amount.
• This loan request must be completed each academic
year you would like to borrow a PLUS loan.
STEP 2: COMPLETE MASTER PROMISSORY NOTE
• Log into www.studentloans.gov using your (not
your student’s) FSA ID.
• Select Complete Loan Agreement (Master
Promissory Note) > PLUS MPN for Parents.
• Once complete, this requirement will update within
3 business days on Trailhead.
STEP 3: HAVE YOUR STUDENT CHECK TRAILHEAD
In July, the Financial Aid Office will begin processing
PLUS loan requests. When your loan request has
been processed, the PLUS loan will show
an accepted status on Trailhead.
For loan definitions and terms, please visit:
• inside.mines.edu/General-Information-About-Loans
• www.studentloans.gov

PRIVATE LOAN INFORMATION
• Private loans are credit-based loans offered by a
lender other than the federal government. These
are obtained by applying directly to the lender
and completing their requirements.
• Students may be the primary borrower, but may
need a creditworthy cosigner if they cannot
pass the credit check.
• Interest rates and repayment terms are set by
the lender.
• These loans are certified by the school to ensure
they do not exceed the cost of attendance
minus all other aid. You can find your cost of
attendance on Trailhead Self-Service > Financial
Aid > Award > Award for Aid Year. Select the
current year; look for your cost of attendance on
your award overview.
• Once Financial Aid certifies your loan, it will
show as accepted on Trailhead.
• The loan will pay after a mandatory 2-week hold
on the funds and no sooner than 3 days before
classes begin.
FINANCIAL AID OFFICE
FINAID.MINES.EDU
Ben Parker Student Center
1200 16th St. | Golden CO 80401
finaid@mines.edu
303.273.3301 | 1.888.446.9489
FAX: 303.384.2252