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Federal Direct Subsidized and Unsubsidized Loans

Application Process

IUPUI participates in the Federal Direct Subsidized Loan and Federal Direct Unsubsidized Loan programs. The lender for Federal Direct Loans is the U.S. Department of Education. The application process for a Federal Stafford Loan can be completed entirely online by following these steps:

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

2. IUPUI Office of Student Financial Services will determine your federal loan eligibility.

3. 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(s). First-time borrowers must complete an MPN in order to receive the funds from your federal Stafford 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

4. 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 day of classes. 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 website.
       Refunds for students with direct deposit are generated every business day.

      • 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. Refund checks are prepared on Tuesdays and Thursdays only and are sent through U.S. Mail.  You can
       view/update your addresses by visiting

5. Any of the following conditions could delay the processing of your loan funds:
      • 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 the Master Promissory Note and loan entrance counseling for new
      • 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.