Direct Loan Process – First-Time Borrower

Apply for a Direct Loan

To apply for a Direct Loan for the first time, you must complete a Master Promissory Note. The Master Promissory Note is a legal document in which you promise to repay your loan(s) and any accrued interest and fees to the Department of Education.  Also, you must complete the entrance counseling before the loan department can process your Direct loan with the Department of Education. 

For Direct Subsidized/Unsubsidized Loans, where the first disbursement is made on or after October 1, 2015 and before October 1, 2016 the origination fee is 1.068%.


Exit and Financial Awareness Counseling