Complete the Three-Step Application Process

Tips Before You Begin

  • Direct Loans at UMFK are processed through Direct Lending. The Department of Education will be your lender. For more information regarding Direct Lending, please visit Federal Student Aid’s overview of subsidized and unsubsidized Direct loans.
  • Your financial aid award can be viewed and accepted or declined in your Student Center.
  • There are three steps to the Direct Loan application process. All actions (below) must be completed before we can process your loan request.
  • You will leave UMFK’s website as you complete the process. Make sure to return to UMFK’s website to complete the remaining steps. If Steps remain incomplete, your loan request will not be processed.

Click Each Step for Detailed Instructions

Step 1: Accepting Your Direct Loan Offer

If you want a Direct Loan that was offered on your Award Notice, you must affirm to the financial aid office that you wish to accept all or part of the “offered” loan. An “offered” loan on your Award Notice informs you of how much you are eligible to borrow. If you want loan funds, you must officially accept all (or part) of the “offered” Direct Loan(s) in your Student Center.

You can apply for a Direct Loan in one of two ways:

  1. Online from your Student Center.
  2. By paper: complete, sign and return to UMFK the (paper) Award Notice mailed to you. Make sure to complete both sides of the form.

Note: All steps of the Direct Loan application process must be completed before we can process your request and before loan funds can be applied to your school account.

Note: Once the loan is applied to your account, your bill will be reduced by the loan payment amount. Payments applied to your University bill can be viewed in detail under the Finance section of your Student Center. We recommend you review your student bill periodically.

Step 2: Complete Entrance Counseling

About Entrance Counseling: The Entrance Counseling Session is an online presentation that provides information about the different types of Direct Loans (i.e., subsidized and unsubsidized) available and your rights and responsibilities as a loan borrower. You are required by Federal law to complete this session before you can borrow a Direct Loan. This is an automated process, and you will be required to answer questions as you complete the process.

The Entrance and first-time Direct Loan borrowers at UMFK

  • Federal law requires all first-time borrowers to complete an Entrance Counseling session.
  • There will be a quiz after the online presentation, so please listen and read the instructions carefully.
  • After you have completed this session, you do not need to complete it again while at UMFK.

The Entrance and continuing UMFK students

  • If you’ve previously received Direct Loan funds through UMFK, you have already completed this step.
  • If you are unsure if you completed this process, complete it again.

Complete Entrance Counseling

Step 3: Complete the Direct Loan Master Promissory Note (MPN)

The Direct Loan MPN is an agreement you sign verifying that you promise to pay back the Direct Loan according to the terms of the note.

MPN and Direct Loan Borrowers

  • If this IS your first Direct Loan, you must complete a Direct Loan MPN. Your FSA ID is required to log into this website. You may apply for an FSA ID online.
  • If this is NOT your first Direct Loan and you’ve previously completed a Direct Loan MPN, you can skip this step.

Complete Your Direct Loan MPN

If you don’t complete the required MPN online, Once we certify your loan, your lender may contact you by mail requesting you to complete an MPN. Completing the MPN online is the preferred method. If a paper MPN is provided, complete it and immediately forward it to the address indicated. An MPN must be completed and returned to the lender before any loan funds are disbursed to UMFK.

Note: when you sign a promissory note and receive loan funds, you agree to repay the loan according to the terms of the note. Except in cases where the loan is discharged (for instance, in the death of the student), the loan must be repaid with interest, even if the student does not complete the program, does not like the program, or is unable to procure employment after completing the program.