Loans

The Direct Student Loan Program

Beginning with the 2010/2011 academic year, Moberly Area Community College will participate exclusively in the Federal Direct Student Loan Program which includes Subsidized Student Loans, Unsubsidized Student Loans and Parent Loans. MACC previously participated in the Federal Family Educational Loan Program (FFELP) and students were required to choose a private lender. The Federal Government is the lender in the Federal Direct Student Loan Program. Students and parents interested in federal student and parent loans will be required to apply through the Federal Direct Student Loan Program. All students must complete an MACC Student Loan Data Sheet, as well as a new student loan entrance counseling and a new master promissory note (MPN) with the Federal Direct Student Loan Program.

How to Apply for a Federal Direct Student Loan:

To apply for a Federal Direct Student Loan, students must meet basic eligibility criteria and complete the following steps:

1. Read the MACC Student Loan Application Guide. Refer all questions and concerns to the Financial Aid Office for resolution so you fully understand the process before proceeding to the next step.


2. Complete Federal Direct Student Loan Entrance Counseling.


3. If you are borrowing a loan at MACC for the first time, you must complete Student Loan Entrance Counseling in a live, in-person counseling session. Click here for a list of dates and locations.


4. Complete a Federal Direct Student Loan Master Promissory Note.


5. Print a MACC Federal Student Loan Data Sheet. Complete the form and submit it to the Financial Aid Office via mail, fax or in-person.

How to Apply for a Direct Parent Loan

To apply for a Direct Parent Student Loan, students must meet basic eligibility criteria and parents must complete the following steps:

1. Complete the Federal Direct Parent Loan Promissory Note.
2. Print a Federal Direct Parent PLUS Loan Data Sheet and Refund Check Routing Form.
3. Complete the form and submit it to the Financial Aid Office via mail, fax or in-person.

For additional information on the Direct Student Loan Program, please click on the following links:

General Direct Loan Information

Direct Loan Consolidation Information

Direct Loan Servicing Information

Direct Loan Publications for students and parents