Direct Loan Questions and Answers

How 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.