Apply for a Federal Direct Loan

Important: To guarantee timely processing of your loan, you must apply two weeks prior to the week of the tuition due date.

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.

You're a new loan borrower at MCC if you have never borrowed a loan at MCC or at another school.

New loan borrowers must attend New Borrower Student Loan Meetings.
New Borrower Student Loan Meetings 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.

If you're a new Federal Direct Loan borrower, you must complete these steps prior to requesting a New Borrower Student Loan Meeting.

  1. Complete and submit the Free Application for Federal Student Aid (FAFSA)
  2. Complete the Financial Aid Process – review your progress on your myMCC Financial Aid Self-Service page
  3. 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 the required steps through confirmation.
    • Select Complete Master Promissory Note. Complete the required steps through confirmation.
    • Confirmation of completion will be sent to the school within 24 hours
  4. Complete the New Borrower Loan Request Worksheet
  5. 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 myMCCSelf-Service > Student Planning
  6. Be enrolled in at least six credit hours that are required to complete your eligible academic program.

Register for your New Borrower Loan Meeting »

You're considered a repeat loan borrower if you have borrowed previously at MCC (or any other college/university).

Repeat loan borrowers must complete Financial Awareness Counseling.
Financial Awareness Counseling provides tools and information to help you understand your financial aid and help you manage your finances.

If you're a repeat loan borrower at MCC, you must complete these steps.

  1. Complete and submit the Free Application for Federal Student Aid (FAFSA).
  2. Complete the Financial Aid Process; review your progress on your myMCC Financial Aid Self-Service page.
  3. Complete the Financial Awareness Counseling.
      • Go to StudentLoans.gov
      • Log in with your verified FSA ID.
      • Select Complete Loan Counseling (Entrance, Financial Awareness, Exit)
      • Confirmation of completion will be sent to the school within 24 hours.

    Note: If you've had a previous student loan at another college/university, you must also complete Entrance Counseling and the Master Promissory Note (MPN) at StudentLoans.gov.

  4. 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 > Self-Service > Student Planning
  5. Be enrolled in at least six credit hours that are required to complete your eligible academic program.
  6. Complete the Repeat Borrower Loan Request Worksheet