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Student Financial Aid

Accepting Your Perkins and Direct Loans

Once we have determined your eligibility, we will send you an Award Notification via email listing the amount of loans you are eligible to borrow from each loan program. To view your financial aid award, please visit our website at www.financialaid.umd.edu and select the link "Check Your Financial Aid Status Online". The financial aid award is located under the "Award" section. To accept your awards, you must indicate the accepted loan amount and select "Submit" for the request to be processed by the Office of Student Financial Aid (OSFA).

Accepting Perkins Loan Awards

  • If you are interested in applying for the Perkins Loan, you must accept the award and complete the Perkins loan application. To complete this process, visit our website at www.financialaid.umd.edu and select the link "Check Your Financial Aid Award Status Online". The Perkins loan award is located under the "Award" section. To accept your awards, you must indicate the accepted loan amount and select "Submit". The Perkins loan application is located under the "Documents" section. Both the accepted loan and Perkins application documents must be completed for the request to be processed by the Office of Student Financial Aid (OSFA).

Accepting Direct Loan Awards

  • On your Award Notification, you must indicate the amount of the loan(s) you want to borrow.
  • We will transmit your loan request information to the Department of Education.
  • You must complete the Direct Loan Master Promissory Note (MPN) and Entrance Counseling with the Department of Education at studentloans.gov

tips

For tips on how to retain your eligibility for these loans, see Keeping Your Aid.

For information on how these loans are disbursed, see How Aid is Disbursed (Getting Aid)