Direct Loans are low-interest federal loans for students and parents to help pay for the cost of a student’s education. The lender is the U.S. Department of Education. With Direct Loans, you:
Check Your Financial Aid Status Online to accept your federal direct subsidized, unsubsidized and graduate PLUS loans.
NOTE: If you are reviewing financial aid for the Summer 2017 term, please select the "Show me my Financial Aid Status" for Fall 2016/Spring 2017.
If this is your first federal loan from the University of Maryland College Park, you must complete the Entrance Counseling requirement. Click the "Documents" tab, and then follow the instruction under "Document Status" to complete the requirement. First time Graduate PLUS loan borrowers must also complete a separate Graduate PLUS Loan Entrance Counseling.
All students must sign a Master Promissory Note (MPN). Click the "Documents" tab, and then follow the instruction under "Document Status" to sign the MPN.
Please note: You will need your FSA ID to electronically sign the MPN. If you have forgotten your FSA ID, please visit the Federal Student Aid ID website to request a duplicate or reactive the FSA ID.
The Federal Direct PLUS Loan Program is a credit based loan program available to parents of undergraduate students and to graduate students. A parent of an undergraduate student may borrow up to the total Estimated Cost of Attendance less financial aid resources received by the student. Likewise, a graduate student may also borrow up to the total Estimated Cost of Attendance less financial aid resources received by the student. The U.S. Department of Education is the lender for the Direct PLUS Program. Parents can apply for the PLUS loan by visiting StudentLoans.gov. The 2016-2017 Parent PLUS Loan Application will be accepted beginning May 2016. Graduate students need not complete a separate application, they will be automatically packaged and it will appear in their award offer.
If you have borrowed prior federal student loans with private lenders, the Department of Education offers the opportunity to consolidate your loans. For more information on the Loan Consolidation process, please feel free to visit StudentLoans.gov and click “Direct Loan Consolidation”. Please read the small print. If you choose to consolidate, you will go immediately into repayment and the terms of your prior loans will not apply.