Direct Loan Application Steps

IMPORTANT:

Please do not begin the following loan steps until the FAFSA and all MCC financial aid paperwork is completed. We cannot process a student loan without a completed FAFSA and a processed financial aid file. We will return any loan paperwork received if the file is not completed.

MCC does not take loan paperwork unless the student is enrolled at least ½ time.

  1. Go to https://studentloans.gov/myDirectLoan/index.action
  2. In the Manage My Direct Loan Box, create a log in using your FAFSA pin#
  3. Click on “Complete Entrance Counseling” link. Print confirmation page when completed.
  4. Click on "Complete Master Promissory note" link. Print your Direct Loan Master Promissory Note.
  5. Download and fill out the 2010/11 MCC Loan Declaration Sheet or the 2011/12 MCC Loan Declaration Sheet.
  6. Bring entrance counseling confirmation, Copy of Master Promissory Note and the MCC Loan Declaration Sheet to the financial aid office to have your loan certified.

    All three important loan pieces listed in step 6 must be submitted at the same time; MCC Financial Aid Office will not accept partial loan paperwork.

If you lose your Master Promissory Note (MPN), you must contact COD Applicant Services at (800) 557-7394 to request that a new MPN be sent to you. MCC Financial Aid Office cannot assist you with a duplicate MPN.

You will receive an award letter and/or loan status form with loan disbursements dates and other important loan details within 4 weeks.

You must pay back your students loans. Before making a decision to borrow, we highly recommend you visit Managing Repayment and Learn more sections of the My Direct Loan website.