Student Financial Services

Campus Based Loans

For details on how to apply for federal or non-federal aid, please see the How to Apply for Aid page.

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Loan Programs & Details

The Campus Based Loans Office handles all campus-based Title IV, VII and Title VIII Campus Loans as well as Institutional Student Loans:

All borrowers of campus based loans disbursed from this office must first have approval from the Financial Aid and must have an Entrance Interview and Exit Interview before:

  • Separation
  • Graduation
  • If the student drops below half-time student status.

Disbursement Sessions

Entrance Interview

The Entrance Interview is a one-on-one counseling session between the first time loan borrower and a Campus Based Loan staff member.

Once the Campus Based Loan Office receive a disbursement roster from the Financial Aid, the staff member will contact the borrower to schedule an entrance interview (borrowers should make sure their correct email address, permanent address and telephone information is correctly reported to Enrollment Management.)

During the session, the borrower signs the promissory note and other pertinent documents and provides the University with reference information. The borrower is made aware of the following:

  1. The terms of the loan;
  2. The borrower's rights and responsibilities;
  3. The fact that the loan must be used for educational expenses;
  4. The fact that the loan must be repaid;
  5. The fact that the borrower must notify the school of any address, telephone or name changes.

In turn the staff member will disburse the loan, answer any questions and provide the borrower with:

  1. Copies of all documents;
  2. The name and address of the school to which the debt is owed;
  3. The name and address of the servicing/billing agent to whom communications should be sent.

Exit Interview

The Exit Interview is a reiteration of the entrance interview only it is conducted at the end of a student's matriculation. The one-on-one counseling sessions is between the borrower and a Collections Department staff member, the contact person for the student until the loan is paid-in-full. Borrowers needing an exit interview may schedule one by contacting the office at (202)-806-2570.

Loan Payments

Type of Payment

The Office of Student Financial Services accepts the following types of payments:

  • AMERICAN EXPRESS
  • Bank Check
  • Cash
  • Cashier's Check
  • DISCOVER
  • ExpressPay (Only used via web through ACS)
  • MASTERCARD
  • Money Order
  • Personal Check
  • VISA
  • Wire Transfer (Only used through the Banner system)

Cash payment should be made in person only. For all other type of payments, please specify the student or loan borrower's name and Howard University's Identification number or Loan account number.

The office charges a $35.00 returned check fee on all returned checks. If a student has one (1) returned check, the Cashier's Office will no longer accept any personal checks from that student.

Students seeking any type of financial clearance must pay by:

  • Cash
  • Cashier's/Bank Check
  • Credit Card (via fax or in person only)
  • Money order

For credit card payment, the office accepts faxed written authorization with the student or loan borrower's name and account number along with the credit card holder's name, address, telephone number, credit card number, expiration date, and payment amount printed clearly or one of our Credit Card Authorization forms completed in its entirety.

Method of Payment

The Office of Student Financial Services accepts the following methods of payment:

  • By office visit
  • By mail
  • By facsimile
  • By wire transfer
  • By Internet - For Federal Loan or Long-term Emergency Loan Payment Only
    www.acs-education.com

Go to the website and login with your User ID, Password and Social Security Number. Click on ExpressPay and follow the directions.