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Annual Student Loan Acknowledgment

Annual Student Loan Acknowledgment

Please note: The US Department of Education (ED) announced on January 21, 2022, that completion of the Annual Student Loan Acknowledgment will not be required in 2022-23 and beyond. 

What is the Annual Student Loan Acknowledgment ?

The Annual Student Loan Acknowledgment is an online session that will allow students and parents to see how much they have borrowed, preview what their monthly payments might be, and explain concepts such as capitalization and the difference between federal and private loans.

What will you gain from the Annual Student Loan Acknowledgment?

  • Making informed choices by showing students and their parents how much they owe in federal student debt before agreeing to borrow more money to pay for their higher education.
  • Knowing the borrower’s obligation by calculating the monthly payments and the median salary that students can expect to receive after graduating from a specific college.
  • Understanding the balance for repayment by breaking down basic loan concepts such as interest accrual and capitalization and the difference between private and federal student loans.

How do I complete this?

Log into your MyStudentAid account using your FSA ID and password to complete your Annual Student Loan Acknowledgment.