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Applying for Loans Summer Term – Spring Term

As of July 1, 2010, all federal Stafford loans are made through the US Department of Education’s Federal Direct Loan program.  This means that if you borrow money toward educational expenses, you will make repayment to a federal government servicer instead of a private lender. 

Loan Information

Applying for Loans

Federal Direct Loans

Alternative Loans

Consolidation Loans

Exit Counseling

Once you have completed your FAFSA Application, you must then complete entrance counseling and a master promissory note.  Both of these steps must be completed at www.studentloans.gov .  This site also has invaluable information for borrowers on managing their repayment, consolidating loans, loan discharge and loan forgiveness. 

Who is Eligible to Apply for a Federal Direct Loan?

Students must be enrolled at least half time (6 or more credits) to get student loans.  You must also be registered in a degree or certificate program, not owe a repayment on an over-award or be in default on Federal Direct Loans. 

Entrance Counseling:

Entrance Counseling is required by the federal government for all first time borrowers at CGCC; however, CGCC requires you to complete this process yearly as a reminder of your loan responsibilities and your repayment requirements.  The information provided during the entrance counseling session is intended to assist you in understanding how to manage your student loans and the commitment that comes with the acceptance of the loan. 

Once logged into the site, www.studentloans.gov , follow these instructions:

  • Click “Sign In” button
  • Enter your SSN
  • Enter first 2 letters of your last name
  • Enter your date of birth
  • Enter your FAFSA Pin
  • Click “Sign In”
  • Click on “Complete Entrance Counseling”
  • Follow the directions – read the information then respond to the questions that follow
  • View the “Borrower Rights and Responsibilities”
  • When done, click on “Submit” and then “Print” your confirmation

Master Promissory Note:

The Master Promissory Note (MPN) is used to make one or more loans for one or more academic years (up to 10 years).  The MPN for the Federal Direct Loans must be completed before any aid will be disbursed and it is required to be completed one time at CGCC. 

Once you have completed the Entrance Counseling session and printed your confirmation, you can move on to completing your MPN from that same page by:

  • Clicking on “You Can Submit a Master Promissory Note”
  • Select the type of Loan you want (Subsidized/Unsubsidized)
  • Complete all “Personal Information”
  • Complete all “School and Loan Information”
  • Complete “Reference 1 and Reference 2 Information”
  • Read Terms and Conditions thoroughly
  • Check that you have reviewed the information and acknowledge that it is correct
  • Confirm information and edit if needed
  • Sign the form electronically by entering your name and clicking on “Sign”
  • Once your signature has been authenticated, review the HTML version of your MPN before submitting
  • You can view and print a PDF version of your MPN.

Next Steps:

After completing the Entrance Counseling session and your Master Promissory Note, CGCC will receive electronic confirmation from the Department of Education.  CGCC will then begin the process to certify your loans and maximum eligibility.  Subsidized eligibility is always calculated for you prior to Unsubsidized.  Subsidized is the least expensive loan option available.  Your loan period is generally the current/next term for which you meet the loan application deadline through the end of the academic year.  Exceptions may be considered on an individual basis per a written request.  An updated Award Letter will be issued reflecting loan awards by type and term.  The net amount will be divided into term disbursements and applied to your student account.  To request a partial or full cancellation, submit a Federal Direct Loan Revision Request form to the Financial Aid Office within 14 days of funding applied to your student account.

Please see Dates and Deadlines on the Financial Aid home page for more information.


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Columbia Gorge Community College, Financial Aid Office, 400 East Scenic Drive, The Dalles OR  97058 - P (541) 506-6021 - F (877) 368-6370



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