APPLY NOW
[email protected]
(575) 461-6600
Menu
  • Future Students
  • Current Students
  • Community
  • Faculty & Staff

Federal Direct Loans

A Federal student loan is money you borrow and must pay back with interest. If you decide to take out a loan, it is important to understand that a loan is a legal obligation that you will be responsible for repaying with interest.

To apply for a Federal Student Loan, you must submit a Free Application for Federal Student Aid (FAFSA). The Expected Family Contribution (EFC) number generated by your FAFSA application, along with your grade level, will determine your eligibility for a Federal Direct Subsidized Loan and Federal Direct Unsubsidized Loan. Along with completing the FAFSA application, students must also be admitted as a degree-seeking students and be meeting all aspect of Satisfactory Academic Progress.

An origination fee required by the federal government will be applied to each Direct Loan you borrow. The origination fee is a percentage of the amount of each loan you receive and is subtracted from the amount of the loan you borrow. This means the loan money you receive will be less than the amount you actually borrow. You’re responsible for repaying the entire amount you borrowed and not just the amount you received. For more information about current loan origination fees, please visit the Federal Student Aid website.

To learn more about Federal Student Loans and how to manage your debt, visit https://www.ecmcsolutions.org.

Student Loan Options

  • Federal Direct Subsidized and Unsubsidized Loans
  • Federal Direct Parent PLUS
  • Private Loans
  • Federal Student Loan Repayment and Consolidation

Loan Basics

  • Interest Rates and Fees
  • Master Promissory Notes
  • Entrance Counseling
  • Exit Counseling
  • NSLDS – The National Student Loan Data System (NSLDS) is the U.S. Department of Education’s (ED’s) central database for student aid. NSLDS receives data from schools, guaranty agencies, the Direct Loan program, and other Department of ED programs. NSLDS Student Access provides a centralized, integrated view of Title IV loans and grants so that recipients of Title IV Aid can access and inquire about their Title IV loans and/or grant data.

Apply for Federal Direct Student Loans

(e.g. Subsidized, Unsubsidized, and Parent PLUS)

Step 1. Complete the Free Application for Federal Student Aid (FAFSA)
Step 2. Complete Entrance Counseling
Step 3. Complete Master Promissory Note (MPN)

It is important that all borrowers understand there are borrower rights and responsibilities that must be followed.

 

 

Home » Helpful Links & Resources » Financial Aid » Federal Direct Loans

Links

  • Borrower Rights and Responsibilities
  • Exit Counseling
  • Federal Direct Loans
  • Federal Student Loan Repayment and Consolidation
  • Master Promissory Notes and Entrance Counseling
  • Private Loans

  • About Mesalands
  • Alerts signup
  • Community
  • College History

ABOUT US
Mesalands Community College

[email protected]
(575) 461-6600

911 South Tenth Street
Tucumcari, NM 88401

Quick links
  • Accreditation
  • Admissions Check-List
  • Campus Safety
  • Consumer Information
 
  • Library
  • Mesalands Email
  • Moodle
Gallery
Bull riding
Western Art Spurs
View from the top
Mesalands Community College (MCC) is committed to creating and sustaining a community that celebrates individuals differences and diversity. We are dedicated to improving access to equal opportunities to all persons. MCC is dedicated to eliminating discrimination and prohibits discrimination against any person based upon their race, age, religion, color, national origin, ancestry, sex, sexual orientation, gender identity, spousal affiliation, pregnancy, childbirth, condition related to pregnancy or childbirth, physical or mental disability, serious medical condition, or veteran status in violation of the law, in its educational programs, activities or employment.
Copyright © 2021 Mesalands Community College, All Rights Reserved