loan programs

Federal Loans

On March 30, 2010, President Obama signed the Health Care and Education Affordability Reconciliation Act of 2010 into law. One of the major changes of the Act is that private lenders will no longer be able to originate any Federal Loans. Because of this, beginning July 1, 2010 CVA will make a complete transition to the Federal Direct Loan Program. The U.S. Department of Education is the lender with the Direct Loan program rather than a bank or financial institution.

Federal Stafford Loans for Students

To apply for a Federal Stafford Loan, you must complete student loan entrance counseling and a Federal Stafford Master Promissory Note (MPN). The MPN is a continuous promissory note that needs to be submitted only once while at CVA. Please print a copy of both the MPN and the Entrance Interview Confirmation for your records. If you prefer not to complete this process online, please contact the CVA Office of Financial Aid for more information on completing a paper application.
Direct Stafford Loan Entrance Counseling
Direct Stafford Loan MPN

Federal PLUS Loans for Parents

To apply for a Federal PLUS Loan, you must complete a Federal Stafford Master Promissory Note (MPN). The MPN is a continuous promissory note that needs to be submitted only once while the student is at CVA. Please print a copy of the MPN for your records. If you prefer not to complete this process online, please contact the CVA Office of Financial Aid for more information on completing a paper application.
CVA PLUS Loan Guide (FFELP)
Direct PLUS Loan MPN

Alternative Loan Programs

Alternative loans are loans for students through banks and other private lending sources. These loans are typically in the students name and will require a cosigner for most students. Interest rates are variable and typically based on the credit rating of the borrower and/or cosigner. For help determining a loan amount, please see the CVA Financial Aid Office. The CVA Financial Aid Office reminds students to exhaust all of their federal student loan options before looking at alternative loan programs.
CVA Alternative Loan Guide