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Spelman College Graduates

Financial Aid at Spelman

The Office of Financial Aid exists to assist students in finding ways to finance their college education. The majority of funds administered by Spelman College’s Office of Financial Aid come from federal and state sources.  Spelman College will attempt to provide financial assistance to families who have been determined eligible based on the formula approved by Congress and used by the Department of Education.

At Spelman College, we value our students and are committed to making your education affordable. In addition to state and federal funds, the College invests from our own resources in support of financial aid programs to ensure that we attract students of high caliber who will enrich campus life with their academic and co-curricular achievements, and interests.

Last year, more than 85 percent of our students received some form of financial assistance to support their enrollment and success. Regardless of your family income, there are programs available to help finance the cost of your education. Learn more about the kinds of aid offered at Spelman College.

Instructions for Completing Federal Loans (Parents & Students)
and Private Loans

AlertFAFSA is available Oct. 1.

Student must have a FAFSA on file for parent(s) to apply for a Parent (PLUS) Loan.

Student and parent(s) must have a FSA login and password in order to log in to complete the loan application(s).

Direct PARENT (PLUS) Loans

The Parent PLUS loan application portal for 2023-24 school year will be available on April 15, 2023.

PARENTS: Please use your FSA ID username and password to complete the plus loan application (not the student's)

  • Log on to the Direct PLUS Loan Application with your parent FSA username and
    password (NOT the student's)
  • Choose ‘Loans and Grants’
  • Click on PLUS Loan (Grad PLUS and Parent PLUS)
  • Click button at I am a Parent of a Student and complete the application
  • If loan is approved, complete the PLUS Master Promissory Note (MPN) on the same website
  • If the parent loan is Denied, the student is eligible for an additional Unsubsidized Loan (yearly amount is $4,000 for first-year/sophomore or $5,000 for junior/senior).
  • Please note: If the PLUS loan is Denied and later appealed or approved, the additional Unsubsidized Loan must be returned to the lender

If you use an endorser/co-signer or an appeal process, you must complete PLUS Counseling on the same website and complete the Master Promissory Note (MPN).

Direct STUDENT Stafford Loans (subsidized and/or unsubsidized)

All steps must be completed.

  • Log into mySpelman with your OneSpelman password
  • Click on Banner Icon (Under Apps)
  • Click Student under Home (left column)
  • Click Banner Student Services
  • Click Financial Aid
  • Click Award Year Drop Down arrow and select appropriate aid year
  • Click Award Offer Tab
  • Scroll Down to Loans to accept/decline/modify your Loans
  • Log on Entrance Loan Counseling with the student's FSA username and
    password (not the parent's)
  • Choose ‘Loans and Grants’
  • Click on Loan Entrance Counseling 
  • Click ‘Log In To Start Button at I’m an Undergraduate Student’
  • Choose ‘Loans and Grants’
  • Click on Master Promissory Note (MPN) 
  • Click ‘Log In To Start Button at I’m an Undergraduate Student'

Private Loans

If you would like to apply for an outside private loan, you may do so by going to Private Lending for Higher Education.

Keep in mind that the school does not regulate private loan interest rates and the student will need a ‘credit-worthy’ co-signer. You must also complete the ‘Self Certification’ form in order for the loan to be disbursed from the lender.

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Contact Us

350 Spelman Lane, SW
Box 277
Atlanta, GA 30314
1-800-982-2411 (toll-free)

Grad Ready Financial Aid at Spelman College

Financial Aid Brochure

Spelman College Financial Aid Brochure