Step 1: Accepting Your Loan
All students are offered subsidized and/or Unsubsidized Direct Loans, based on eligibility. Federal Direct Loans are a type of financial aid that must be repaid after you graduate, withdraw, or fall below half-time status. You must be registered half-time, in at least six (6) credits to be eligible for loan funding. Loans can be used to pay tuition, fees and other living expenses. Once loans are offered, you must log into your ctcLink account and accept or decline the loan.
Step 2: Entrance Counseling
Since this is your first time receiving a Direct Loan, the Federal Government requires you to complete entrance counseling. This process helps to ensure that you understand the responsibilities and obligations you assume by taking out a loan.
Step 3: Loan Agreement (MPN)
The subsidized/unsubsidized Master Promissory Note (MPN) is a legal document in which you promise to repay your federal student loans and any accrued interest and fees to your lender or loan holder.
Note: There are two MPN forms. One for student loans and a different one for Parent (PLUS) loans. If you’re looking for the Parent (PLUS) MPN form, visit our PLUS Loan page.
You will need:
Your Federal Student Aid (FSA) ID that you used to complete your FAFSA.
Complete address and phone numbers of two references.