Beginning with the 2021-2022 academic year, all borrowers of Federal Direct Subsidized, Unsubsidized, Parent PLUS and Graduate PLUS loans must complete the Annual Student Loan Acknowledgement (ASLA).
This process must be completed each year. Student borrowers, as well as parent borrowers, if applicable, are required to complete the ASLA for each new award year before the first disbursement of their loan will be released
The purpose of the ASLA is to help students and their families make informed choices regarding paying for higher education. During the online session, you will see how much you have borrowed, estimated monthly payments and learn about basic federal loan concepts.
You can expect to gain the following insights after completing your ASLA session:
- A more detailed understanding of your current federal student loan debt.
- The knowledge needed to make an informed choice before agreeing to borrow additional money to finance your education.
- A clearer understanding of your financial obligation based on estimated monthly payment calculations compared to the median salary you can expect to earn after graduation.
- A breakdown of basic loan concepts such as interest accrual, capitalization and the difference between private and federal loans which will help you better understand your repayment plan options.
Log in to your Federal Student Aid account using your FSA ID and password to access and complete the ASLA.
Please remember, parent borrowers must also complete the ASLA if a Parent PLUS loan has been borrowed. Parent borrowers must use their own FSA ID and password to access and complete the ASLA.