Shepherds Theological Seminary is authorized to participate in the Title IV federal unsubsidized direct loan program though the U.S. Department of Education (ED).

Getting Started with Federal Student Loans

To begin the application process, complete the following steps:

  • Submit the FAFSA online.
  • Complete the graduate/professional Master Promissory Note (MPN) online. Select the MPN corresponding to unsubsidized loans, and download a copy once completed.
  • Complete ED’s graduate/professional Student Loan Entrance Counseling online.
  • Contact the Financial Aid Office (FAO) to receive access to the student portal and meet with the Financial Aid Administrator (FAA).

Federal Student Loan Overview

For information on federal student loan annual limits, interest rates and fees, repayment plans, and more, access the following ED resources:

Verification of Title IV Eligibility and Return of Title IV

Verification is the process of confirming the accuracy of student-reported data on financial aid applications. The FAA verifies those applicants identified by ED. In addition, the FAA may select a student for verification if there is a discrepancy or a condition that is unusual and warrants investigation. Students are notified by the FAA of the results of verification. Because the FAO is liable for disbursements made prior to verification, the FAO policy does not allow interim disbursements. Students must complete the verification process before aid is awarded or disbursed.


Title IV Funds are awarded to a student under the assumption that the student will attend school for the entire period for which the assistance is awarded. When a student withdraws, the student may no longer be eligible for the full amount of the Title IV disbursement. The FAO is required by federal statute to recalculate federal financial aid eligibility for students who withdraw, drop out, are dismissed, or take a leave of absence prior to completing 60% of a payment period or term. The federal Title IV financial aid programs must be recalculated in these situations. The calculation must be performed even if the student has completed 60% of the payment period, to show that the school determined that the student withdrew. After calculation, funds must be returned to the federal government within 45 days. For further details on Verification and Return of Title IV Funds see the student handbook.