How to Accept Federal Direct Loans

STEP 1:
ACCEPT YOUR FEDERAL DIRECT LOANS

• Login to Student Hub.
• Select the “Financial Aid & Scholarships” tab.
• Select “My Award Information”.
• Select “Award By Aid Year (Accept Award Offers)”.
• Select aid year.
• Select “Terms and Conditions” tab. If incomplete, read and accept before continuing.
• Click on “Accept Full Amount All Awards” to accept the full loan amount. Please note: For both of these options, the dollar amount accepted is for two semesters OR
• On the line marked “Federal Subsidized Loan Offered” or “Federal Unsubsidized Loan Offered”, select “Accept”. Then enter the total dollar amount (cannot exceed offered amount) that you would like to accept. Click on “Submit Decision”

STEP 2:
COMPLETE ENTRANCE COUNSELING

Before receiving a Federal Direct Loan, borrowers are required to complete a student loan entrance counseling interview. This quick and easy interactive counseling session provides useful tips and tools to help you develop a budget for managing your educational expenses. It also helps you understand your loan responsibilities when you enter repayment.

STEP 3:
SIGN A MASTER PROMISSORY NOTE

The Master Promissory Note (MPN) is required to be completed by each borrower. The MPN is a legal contract that binds you to the federal government. Signing this document indicates that you promise to repay the student loan you are taking out. The master promissory note also includes important language about rights and responsibilities as a borrower. Both subsidized and unsubsidized Direct Loans are covered under the master promissory note.

If you decide later that you would like to request an adjustment to the amount of your loan, you will be able to use the links provided below to request additional funds you may be eligible for, or to request a decrease or cancellation. If you have rejected your loan and would like to have it reoffered, please contact our office.

To request an increase, decrease, or cancellation to your Federal Direct Loans for 2021-2022 (SUMMER ONLY) Complete a Loan Re-evaluation Form (LNEVL) available here.  

• Loan adjustment requests can be submitted more than once. However, if you have submitted a LNEVL, it must be processed before you can submit another request. 
• Loan requests will be based on your total Cost of Attendance (budget) and awards already accepted. Any changes to your enrollment may affect your loan eligibility. 
• If you are returning a paper check refund,  you must complete the LNEVL form, section C. For more information on returning refunds, contact our office. 
• ALL SUMMER ONLY loan requests/adjustments must be submitted no later than July 18, 2022.