Direct Loan Questions and AnswersHow can I get a Direct Loan?
For a Direct Loan, you must fill out a Free Application for Federal Student Aid (FAFSA). After your FAFSA is processed, MSU-Northern will review the results and will inform you about your loan eligibility. You must also sign a master promissory note, a binding legal document that lists the conditions under which you're borrowing and the terms under which you agree to repay your loan. Direct Loan Entrance Counseling is also required.I have been awarded a Federal Direct Loan through the Financial Aid Office at MSU-Northern, How do I apply for a Federal Direct Loan?
If you have received your Award Letter Notification and responded by accepting all or a portion of the loans offered, you must go to the Financial Aid MyAward page and complete Federal Direct Loan Entrance Counseling and a Federal Direct Loan Master Promissory Note (MPN).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.Top