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HOW TO APPLY FOR YOUR STUDENT LOAN

Concord University (CU) will be participating in the William D. Ford Federal Direct Loan (Direct Loan) Program. Direct Loans are low-interest loans
for students and parents to help pay for educational costs. The lender is the U.S. Department of Education (ED) rather than a bank or other financial
institution. Direct Loans include the Direct Subsidized Loan, the Direct Unsubsidized Loan, the Direct PLUS Loan, and the Direct Graduate PLUS Loan.
For more information on these loans and other types of aid visit our website.
https://www.concord.edu/admisssions/financial-aid

Direct Subsidized and Unsubsidized Loan Instructions for Students

Step One: Complete Entrance Counseling
All first time borrowers must complete a mandatory loan counseling session. If you have received a prior Subsidized or Unsubsidized Loan
from through Concord University or any other school you are not required to complete entrance counseling again. Access the following website
to complete entrance counseling, if required. https://studentloans.gov/myDirectLoan/index.action
 

Step Two: Electronic Master Promissory Note
All Direct Loan borrowers at Concord University must complete a new Master Promissory Note (MPN). Once completed, Concord University will receive
an electronic transmission of your funds, which will disburse to your account three days prior to the start of classes. Access the following website
to complete your MPN.
https://studentloans.gov/myDirectLoan/index.action

INSTRUCTIONS FOR PARENT PLUS LOAN BORROWERS

Step One: Request Plus Loan
All Direct Plus Loan borrowers at Concord University must complete the Request Plus Loan Process and agree to the credit check. Once completed,
Concord University will receive an electronic notification of the credit check results and will begin to process your Direct Plus Loan. Access the
following website to complete the Request Plus Loan Process.
https://studentloans.gov/myDirectLoan/index.action

 

Step Two: Electronic Master Promissory Note
If your credit check is approved, you will need to complete the Direct PLUS Loan Master Promissory Note (MPN). Once completed, Concord will receive
an electronic transmission of funds, which will disburse to your student’s account three days prior to the start of classes. Access the following website to complete your MPN.
https://studentloans.gov/myDirectLoan/index.action

 

Step Two: Parent PLUS Signature Form
Each parent must complete a Parent PLUS Signature Form in order for your Parent PLUS Loan to be disbursed. Access the following website to complete
the Parent PLUS Signature Form.
.https://www.concord.edu/admisssions/financial-aid

INSTRUCTIONS FOR GRAD PLUS BORROWERS

Step One: Electronic Master Promissory Note
All Direct Graduate PLUS Loan borrowers at Concord University must complete a new Master Promissory Note (MPN). Once completed, Concord University will
receive an electronic transmission of funds, which will disburse to your student’s account three days prior to the start of classes. Access the
following website to complete your MPN.
https://studentloans.gov/myDirectLoan/index.action

 

Step Two: Complete Entrance Counseling
 All first time borrowers must complete a mandatory loan counseling session. If you have received a prior Subsidized or Unsubsidized Loan from through
Concord University or any other school you are not required to complete entrance counseling again. Access the following website to complete entrance counseling,
if required. https://studentloans.gov/myDirectLoan/index.action

Last updated on Sep 17, 2010. Originally created on Jul 16, 2010. Report incorrect information.

Important CU Codes: Fafsa 003810 - Act 4516 - SAT 5120