Borrowing a Direct Student Loan

To begin the process of getting a Direct Student Loan, the student must complete the FAFSA. After the student submits the FAFSA and completes any additional federal requirements, the Office of Financial Aid will automatically award the student the maximum amount of student loans eligible. This award can be seen on MyCharleston. Students that have not borrowed from Direct Loans before must complete Entrance Counseling and a Federal Direct Loan Electronic Master Promissory Note (MPN) before loan money can be disbursed. The results of both will be sent electronically to the College of Charleston, and should be received within 2 weeks of the completion date. Students that have borrowed from Direct Loans do not need to complete these requirements again; the loans will disburse automatically on the disbursement dates.