Applying for a Federal Direct Loan
New Loan Borrower: Attend a Student Loan Workshop
Student Loan Workshops provide you with a detailed explanation of the borrowing process from determining your borrowing needs to repayment options. Specific topics include: types of Federal Direct Loans, borrowing limits, Department of Education expectations, available repayment options and your rights and responsibilities as a borrower. You'll learn the type and amount of loan you're eligible for, and be given the opportunity to make adjustments based on your needs.
Repeat Borrower: Complete Financial Awareness Counseling
Financial Awareness Counseling provides tools and information to help you understand your financial aid and help you manage your finances.
Note: Completing Entrance Counseling and the Direct Loan Master Promissory Note is not a commitment to borrow funds for your education. If, after attending loan counseling, you determine a federal student loan is not a good option for you, you may choose not to pursue federal loan funds.
If you're a New Federal Direct Loan Borrower, you must complete these steps prior to registering for the Student Loan Workshop.
You're a new borrower at MCC if you have never borrowed a loan or have only borrowed at another school.
- Complete and submit the Free Application for Federal Student Aid (FAFSA).
- Complete the Financial Aid Process – review your progress on your myMCC Financial Aid Self-Service page
- Complete Entrance Loan Counseling and Direct Loan Master Promissory Note (MPN).
- Go to StudentLoans.gov.
- In the Manage My Direct Loan box, create a login using your FSA ID.
- Select Complete Entrance Counseling. Complete required steps through confirmation.
- Select Complete Master Promissory Note. Complete required steps through confirmation.
- Confirmation of completion will be sent to the school within 24 hours.
- Complete and print this Loan Request Worksheet.
- Bring the completed Loan Request Worksheet to the Student Loan Workshop.
- Be enrolled in a financial aid-eligible academic program. Eligible programs consist of a degree or certificate of 16 credit hours or more.
- To view your current active academic program(s), go to myMCC > select Self-Service > select Student Planning
- Be enrolled in at least six credit hours that are required to complete your eligible academic program.