Federal Direct Loan Instructions
Learn more about the Federal Direct Loan Program by visiting studentloans.gov
Learn more about repayment options for Federal Direct Loans by visiting studentaid.ed.gov/sa/repay-loans/understand
First-time borrowers who wish to utilize of the Federal Direct Loan Program, should complete both steps below as soon as possible to ensure Notre Dame can begin processing your loan(s) in the month of June.
STEP 1. Complete Entrance Counseling
STEP 2. Complete Master Promissory Note
“Sign In” using student's FSA ID (federal student aid username and password)
Select “Complete Entrance Counseling”
The interactive entrance counseling session helps you to understand your loan responsibilities and provides tools to develop a budget for managing educational expenses. Entrance counseling takes 20-30 minutes to complete and requires your FSA ID (used to complete your FAFSA).
Complete/Submit "Master Promissory Note”
The Master Promissory Note (MPN) is a legal document in which you promise to repay your loan and any accrued interest and fees to the U.S. Department of Education. The MPN also offers details on the terms and conditions of the loan. Completion of the MPN takes up to 30 minutes and requires the following:
Notre Dame Loan Processing Overview
- The U.S. Department of Education will notify Notre Dame after you have completed entrance counseling and signed your MPN.
- You will receive a disclosure statement from the U.S. Department of Education providing specific information about your loan, including loan amount, fees, and the expected disbursement dates.
- To ensure your loan disbursement is credited to your University account for the start of the fall term, complete the two steps above as soon as you are able. Loans are processed starting in June as soon as the steps above are completed.
- The Office of Financial Aid will notify you via email when your loan funds have been disbursed to your University account.
- Loan applications cannot be processed after the academic year ends or if the student ceases to be enrolled at least half-time.