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Federal Direct Loans

Federal Direct Loan Application Process

IUPUI and IUPUC participate in the federal Direct Loan program for all federal Direct loans. The lender for the federal Direct Loan program is the US Department of Education. The application process for a Federal Direct Loan can be completed entirely online by following these steps:

1. Complete Free Application for Federal Student Aid (FAFSA) at
      • Be sure to provide the correct school code: IUPUI – 001813; IUPUC - E01033.

2. IUPUI Office of Student Financial Services will process your Federal Direct Loan eligibility.

3. All students will be required to either Accept, Reduce or Decline the Direct loans that appear
  in students’ Financial Aid Notification and in students’ OneStart accounts. It is very important for
  students to monitor OneStart and “Accept” or “Reduce” Direct loans that they wish to receive. If
  no actions are taken, the Direct loans will not be disbursed. Please watch our How to Accept or
  Decline Loans at IUPUI online tutorial for guidance.

4. If you are a first-time federal Direct Loan borrower, IUPUI will send a notification to your
  university email address to complete the online Master Promissory Note (MPN). These
  notifications will begin in June each academic year - if we have received your FAFSA and have
  evaluated your financial aid eligibility.

The Master Promissory Note (MPN)

The Master Promissory Note (MPN) is your promise to repay your federal Direct Loan. First-time borrowers must complete an MPN in order to receive the funds from your federal Direct Loan; this process can be done online using the eMPN website. The eMPN website is designed to make the loan process simpler for student borrowers.

Click Here to Complete Your MPN

5. Another eligibility check is done at the beginning of each semester.  As long as you meet the
  eligibility requirements, your loan funds will apply to your university account no earlier than 10
  days prior to your first class. If your balance is paid and you have a credit on your university
  account, you will receive the excess funds to use toward books and living expenses.

• You are encouraged to sign up for direct deposit for any refund via or by visiting the
Office of the Bursar’swebsite.

• If you do not have direct deposit set-up through the Office of the Bursar, a refund check will be
 mailed to the "local" address on file with the university. You can view/update your addresses by

Any of the following conditions could delay the processing of your loan funds:
• Not having accepted your loan funds through
• Not being admitted to a degree-seeking program.
• Not being enrolled at least half-time.
• Not having a FAFSA on file for the current academic year.
• Not meeting Satisfactory Academic Progress criteria.
• Having student loan debt in excess of the federal aggregate limits.
• Not completing loan entrance counseling.
• Not responding to requests for additional information/documentation.
• Waiting until classes begin before completing the financial aid process.

You should monitor the progress of your financial aid and any additional information requests via your account and email account.