Provided below are step by steps directions on how to complete the Federal Direct Loan process.
Step 1: Submit the Free Application for Federal Student Aid (FAFSA).
Step 2: Accept, decline or reduce the Federal Direct loan(s) through the financial aid portal. Use the Menu link to access the student’s financial aid offer. Muhlenberg College will never reduce or accept a loan on the student’s behalf.
Step 3: Complete Loan Entrance Counseling for an undergraduate student. The student needs to sign in to the website using their FSA ID and password. Parents should not complete this step for students because it reviews important information the student needs to know as the borrower of the loan(s).
*If you forgot your FSA ID and password, you can request to reset it.
Step 4: Sign a Master Promissory Note (MPN) for an undergraduate student. The student needs to sign in to the website using their FSA ID and password. Parents should not complete this step for students do to the fact this is a legal document.
Step 5: Check the Documents & Messages link in the financial aid portal to verify that no other requirements or documents need to be submitted to the Office of Financial Aid.
Step 5: Once your loan has been certified, the Department of Education will send you a Disclosure Statement in the mail. It will provide you with the loan disbursement amount and scheduled disbursement date.
Once all of these steps have been completed your loans will be ready for disbursement. They will be disbursed in two equal disbursements minus the origination fee. The first disbursement will be on the first day of the fall semester; the second disbursement will be on the first day of the spring semester. Any delay is the steps above can result in a delay in the disbursement of a student’s aid.
