Activate Subsidized and Unsubsidized Federal Direct Student Loans
For 1'st time borrowers of FEDERAL DIRECT STUDENT LOANS ... Follow these 3 electronic steps to receive your loan money. Complete these requirements as soon as you are awarded a loan. Waiting for the beginning of the semester can delay your loan.
STEP 1: Register and obtain your Personal Identification Number
(PIN) if you have not already done so.
http://www.pin.ed.gov
STEP 2: Complete a Federal Electronic Master Promissory
Note! Go to the Federal Electronic Promissory Note Web
Site at: http://dlenote.ed.gov (you will need to use your Federal
PIN). Before you can receive your Federal Direct Stafford or
Federal Direct Unsubsidized Stafford Loan, you MUST complete a
Master Promissory Note (MPN), the legal document Federal
Direct Loan borrowers must sign agreeing to pay back their
loans. (If you believe you have already completed a MPN, please use the website to verify that you have a valid MPN
on file: http://dlenote.ed.gov)
STEP
3: Complete Direct Loan Entrance Counseling at:
http://www.dl.ed.gov
All first-time Federal Direct Stafford Loan borrowers MUST complete an online entrance orientation session before their loan funds can be disbursed. Look for this banner when you get to the Direct Loan servicing web site:
HOW DO I GET MY PARENT LOAN?
Your parent needs to complete a Parent Loan Application. This form can be completed online, printed off and submitted to the Office of Scholarships and Financial Aid. The steps necessary to receive this loan are detailed on the following link: http://financialaid.cmich.edu/activatePLUS.shtml