Federal Direct Stafford Loan (Subsidized & Unsubsidized)

Each student’s Federal Direct Stafford Loans will be awarded when we receive his/her FAFSA, and students will be notified to accept those Federal Direct Stafford loans online (http://my.tcu.edu).Students who have not borrowed a Federal Direct Stafford Loan at TCU before will then need to complete a Master Promissory Note (MPN). The MPN process is completed online at www.studentloans.gov.

Federal Direct Stafford Loan Process

  1. Accept your Federal Direct Stafford Loan awards at http://my.tcu.edu/. After logging in, click on Financial Aid, Financial Aid Home, and Accept/Decline Financial Aid. If you have borrowed a Federal Direct Stafford loan before at TCU, this is your only required step to receive a new Federal Direct Stafford Loan.
  2. Within 2 business days, TCU will notify you via email that it is time to complete the Master Promissory Note (MPN). Go to http://www.studentloans.gov/ and log in using your federal FSA ID (the same FSA ID you used to e-sign the FAFSA). Click on Complete MPN on the left menu. Choose the loan type Subsidized/ Unsubsidized, and follow the on-screen instructions from there. TCU will receive electronic confirmation that you have completed the MPN process.
  3. This step is required if you have not had a Federal Direct Stafford Loan before. At the http://www.studentloans.gov/ site, click on Complete Entrance Counseling on the left menu. Make sure you select the loan type Subsidized/ Unsubsidized. Follow the on-screen instructions, and TCU will be notified electronically when you have completed this step.

Watch your TCU email account for important financial aid notifications!!!

For more information about the Direct Loan Program, visit http://www.ed.gov/offices/OSFAP/DirectLoan/student.html.

The maximum amount of the Federal Direct Stafford loan is determined by the student’s grade level. All Federal Direct Stafford Loans have a 1.066% fee charged by the loan provider (US Department of Education). Subsidized Federal Direct Stafford Loans do not accrue interest until repayment begins* (six months after student stops attending/graduates). All undergraduate Federal Direct Stafford loans have a fixed interest rate of 4.45%. Repayment can be deferred until the student stops attending/ graduates, or student can choose to make interest payments on Unsubsidized loans while attending school.

* Due to the Consolidated Appropriations Act of 2012, the subsidy paid by the US Department of Education during a student’s grace period has been temporarily suspended. For Subsidized Stafford loans first disbursed on or after July 1, 2012 and prior to July 1, 2014 – interest will not accrue during in-school periods but WILL accrue during the student’s grace period.


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