Student Loans

Lon Morris College will participate in the Federal Direct Loan program effective with the 2010-2011 academic year.  To learn about the Federal Direct Subsidized, Unsubsidized, and PLUS Loan Programs, please visit  When the Financial Aid Office has awarded you a Federal Direct Loan, the maximum amount eligible for you to borrow is on your award letter. You must take the following steps to initiate your loan request:

Infomation About Your Loan


SUBSIDIZED: A Federal Direct Loan for which interest is paid by the federal government during in-school, grace and authorized deferment periods.  Students begin to pay principal and interest on a subsidized loan only after a 6 month grace period expires. The student must exibit need to qualify.

UNSUBSIDIZED: A Federal Direct Loan for which the borrower is responsible for all interest accrued during the life of the loan.  Students enrolled at least half time may choose to postpone interest payments on an unsubsidized loan until repayment begins. 



 All Federal Direct Loans are subject to origination and federal default fees that are deducted from your loan proceeds at the time of disbursement.  Beginning with loans for which the first disbursement of principal is made on or after July 1, 2012,the maximum origination fee that can be charged is 1%.



 For undergraduate students, the subsidized Federal Direct Loans first disbursed on or after July 1, 2010, have a fixed interest rate of 4.5%.  Unsubsidized Federal Direct Loans first disbursed on or after July 1, 2008, have a fixed interest rate of 6.8%. 



 All Federal Direct Loan borrowers must maintain a minimum of half time enrollment.  Otherwise, the U.S. Department of Education will place the student in his/her grace period in preparation for repayment.



Students new to Lon Morris who request Federal Direct Loan funds are required to complete Entrance Loan Counseling before receiving funds.  Entrance Loan Counseling is available online at


Guarantee Your Loan

You can print a pdf version of these instructions here.

Please refer to the form that was sent to you with your award letter.  This will show the amount of loan that you are eligible to receive.  This form must be returned to the Financial Aid office in order to complete your award process, along with confirmation that you completed the Entrance Counseling and a Master Promissory Note.  You may print a copy of the MPN or sign electronically online.

Federal Direct Student Loan Form




Please read this carefully before you begin the electronic Master Promissory Note (MPN) process. This is a step-by-step process to sign the MPN for the student Subsidized/Unsubsidized Loan.  Please be aware that once the electronic MPN has been submitted, and you realize there is a mistake, you cannot log back on to make corrections to it. At any time, if your session has expired and it has been under 30 minutes, please click on Tools on your browser, Internet Options, Delete Cookies, Delete Files (including offline content). Then exit out of the browser and restart the process.


1. To complete your Entrance Counseling and an electronic MPN, please click the green 'Sign-In' button from the home page at, which is located at the top left under 'Manage My Direct Loan.' If you do not see a green sign-in button, you may not be using a supported browser. To make sure your computer is compatible with the site, please go to ‘Learn More’ at the top of the page, and click on ‘What You Need.’  If you are using a browser that is not supported, your view and interaction with this site may be significantly impaired.  


Sign-in using your social security number, first two characters of your last name, date of birth, and PIN that was issued to you from


2. Entrance Counseling should be complete prior to beginning your MPN.  To begin, click on ‘Complete Entrance Counseling.’  This will take several minutes to complete and will ask a series of questions in regards to student loans.  Please read each section carefully.  Once completed, please print a copy of your confirmation and return with this form. 


3. After Entrance Counseling, click on 'Complete Master Promissory Note.’  Then click on 'Subsidized/Unsubsidized.'  Enter your personal information. If you do not have a driver’s license, you can leave this blank. All fields with a red asterisk placed next to it indicate a required field that you may not leave blank. At the bottom of the screen, enter your school and loan information.  After you select your school, please review the information to ensure it is correct.


4.  Provide information for two personal references. If you have previously created a reference on an electronic master promissory note, it will appear in the dropdown list.  It is recommended that the first reference be a parent or guardian that lives in the United States. The second reference should be someone you have known at least 3 years and also lives in the United States. If you are unable to provide a parent or guardian for the first reference, please list someone you have known for at least 3 years. Please note if you select ‘other’ for the relationship field, you must enter your affiliation with this reference before you can continue.  Additionally, make sure you do not use any characters or symbols when entering information on this step (for example: @, &, etc.), or any extra spaces, as the website views them as invalid characters.  Click 'Continue'.


5.  Sections C-G must be read before continuing. Sections C, D, E, and G will display a green checkmark to the right once completed. Section F contains instructions for completing a paper MPN and therefore is not displayed here. Click the plus sign to expand the tab and read the contents. Once you have read the section, clicking on the minus sign will minimize it. During this step, please review each section carefully.  Once you have read each section carefully, you will check the box on the bottom of the page with the following text: "I have reviewed the information about me on the Master Promissory Note and acknowledge that it is true and correct.  I have read, understand, and agree to the Borrower Request, Certifications, Authorizations, and Understandings, the Promise to Pay, and the MPN Terms and Conditions." Then click on the continue button.


6.  Review your submitted information. If any of the information is incorrect, you can modify any information by clicking on the edit button in each section.  If the information is correct, please type in your name as it appears under your personal profile when you first logged in. Click ‘Sign.’ Once your signature has been authenticated, you must click on the HTML Version of your MPN and review your information before continuing. Click Continue.


Note:  Please be sure to close out of the HTML Version of the MPN prior to clicking the ‘Continue’ button.  Your MPN has not been successfully submitted until you receive the "Thank you for submitting the MPN. You can view and/or download the PDF version of your completed MPN" message.


Success!  The next screen will allow you to view/download the PDF version of your completed MPN. You may print a copy of your MPN or save it to your desktop. If you would like to request that a paper copy of your completed MPN be mailed to you, click on ‘Completed MPNs’ under loan documents on the left hand side of the screen. The next screen will display your completed MPNs. Check the box next to the MPN that you would like a copy of, and click ‘Request Printed MPN.’ 


If you have problems completing your MPN online, please contact the COD School Relations – Application Services at 1.800.557.7394.