Applying for a Federal Direct loan:

 

Accept the loan on your eFAN – If you would like to borrow less then the loan amount offered, indicate the amount you want to borrow in the space provided on the eFAN. If you do not need all of the loans offered on your eFAN, borrow maximum Subsidized Loan eligibility before accepting an Unsubsidized Loan.

Complete a Master Promissory Note (MPN), if you are a first time borrower –

You must complete an MPN the first time you borrow a Direct Subsidized or Unsubsidized Loan. Once completed the Direct Loan MPN is valid for 10 years so continuing borrowers do not have to complete one each year. Go to www.Studentloans.gov if you are required to complete your Master Promissory Note.

Complete a Debt Management Session (DMS), if you are a first time borrower at UCLA –

If you are borrowing a Subsidized or Unsubsidized Loan for the first time at UCLA you are required to complete a Debt Management Session with the Student Loan Office. Go to www.loans.ucla.edu to complete your DMS. If you have any questions about this requirement, please contact the Student Loan Office at 310-825-9864.

Perkins Loan:

If you are awarded a Perkins Loan and accept the loan on your eFAN, you will receive an email from Student Loans Services 2-3 business days after. The email will instruct you to e-sign your Perkins Promissory Note / paperwork on line at www.loans.ucla.edu.

Instituational Loan:

If you are awarded an Institutional Loan and accept the loan on your eFAN, Student Loan Services will mail your Promissory Note / paperwork within 7-10 business.

For more information, please refer to the Guide to Subsidized and Unsubsidized Direct Loans and Graduate PLUS Guide