Federal Direct and PLUS Loan Application Instructions

Federal Direct and Federal Direct Parent PLUS Loan
Application Instructions
Federal Direct Loan Program Federal Direct PLUS Loan Program

Do you wish to borrow through the
Federal Direct Loan program?

Do your parents wish to borrow through the
Federal Direct PLUS loan program?

4 Steps to Apply for a Federal Direct Loan

Please follow the steps below in order to apply for a Federal Direct Loan or a Federal Direct PLUS loan. A Free Application for Federal Student Aid (FAFSA) must have already been filed and processed prior to completing an application for a Federal Loan. To file a FAFSA, please visit www.fafsa.gov

 

*Disclaimer: Please go to Step 4 if you have previously borrowed a Federal Direct Loan. Master Promissory Notes and Loan Entrance Counseling only need to be completed once.* 

 

Step 1:

Go to www.studentloans.gov and sign in using your FSA ID.  

Step 2:

Choose "Complete a Master Promissory Note (MPN)" then “Subsidized/Unsubsidized”

To complete the MPN you will need:

  • Your Federal Student Aid FSA ID
  • Approximately 30 minutes to complete
  • MPN must be completed in a single session.
  • Students must log in using their own FSA ID to complete Master Promissory Notes (MPNs). Use of another person's FSA ID constitutes fraud. Use only your own FSA ID information.

Step 3:

Choose “Complete Counseling” then “Entrance Counseling”

To complete the requirement you will need:

  • 20-30 minutes to complete
  • Your FSA ID
  • Students must log in using their own FSA ID to complete Entrance Counseling. Use of another person's FSA ID constitutes fraud. Use only your own FSA ID information.

Step 4:

Tell us the amount you wish to borrow using this online form.

The rest of our process is simple.  We will send you a confirmation e-mail and letter from our office when your federal Direct Loan has been approved. You will also receive detailed information from the U.S. Department of Education concerning your loan when your loan has been paid to your student account.  

Contact scloans@swarthmore.edu with questions.

3 Steps to Apply for Federal Direct PLUS Loan

Step 1:

Go to www.studentloans.gov and sign in using parent’s FSA ID and password. 

Step 2:

Choose "Complete a Master Promissory Note (MPN)" then “Parent PLUS”

Step 3:

Request a Direct PLUS Loan.  This option is found on left side menu under “PLUS Loan Process”.   Choose the option “Parent PLUS”.

Parents borrowing a Direct PLUS Loan to pay for their child's education are not required to complete entrance counseling unless  prompted by the U.S.  Department of Education under special circumstances.

The rest of our process is simple.  We will send your parent a letter from our office when the federal Direct PLUS Loan has been approved. They will also receive detailed information from the U.S. Department of Education concerning the loan when the loan has been paid to your student account.

Contact scloans@swarthmore.edu with questions.