Student Loan Information | Lake Erie College
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Student Loan Information
A college education is an important investment but represents a major expense in most family budgets. However, we commit ourselves to helping find the means to afford a quality private education. We provide guidance to new freshman and transfer students, current students and students in our graduate programs.


Student Loan Information

Federal Direct Stafford Loan

All students who intend to borrow Federal Direct Stafford Loan funds must have a Direct Stafford Master Promissory Note (MPN) and have completed Stafford Loan entrance counseling. Use your PIN from the Department of Education to complete your information.

Federal PLUS (Parent Loan for Undergraduate Student)

A PLUS loan is a Federal loan a parent can borrow on behalf of the student. The maximum amount a parent is eligible to borrow is the student's cost of attendance less any other aid awarded. A parent can be the student's biological or adoptive mother or father. A stepparent is eligible to borrow if his/her income and asset information is reported on the student's FAFSA. A legal guardian is not considered a parent.

Exit Counseling

Exit Counseling for students who have borrowed federal loans is required upon separation from the college. Use your PIN to access the Exit counseling.

Perkins Loan Information

Private Educational Loan Information and Comparison Tool

Your Federal Loan History

Lake Erie College | 391 West Washington Street | Painesville, Ohio 44077 | 1.855.GO.STORM