What if I have already borrowed a Federal Direct Loan at another institution?
Good news...if you've already completed an MPN at another institution you may not be required to complete a new promissory note. The Financial Aid Office will notify you if we need an updated MPN on file. What if I don't want to change lenders?
All students at MSU-Northern will be required to borrow their federal funds through the Direct Loan Program. Due to new Federal Regulations the FFELP lending program is no longer an option for student borrowers. The only way to receive federal loan funds is to borrow directly from the U.S. Department of Education.
Can I combine my federal loans if I have multiple lenders?
Yes, you can consolidate all your federal loans through the Federal Direct Loan Consolidation program. Private lenders have discontinued their loan consolidation program.