How to Apply for Federal Direct Stafford Loans


  1. Be admitted into an approved Degree, Diploma, or Certificate program, and be maintaining Satisfactory Academic Progress in that program.
  2. Complete the FAFSA (Free Application for Federal Student Aid) for the current aid year.
  3. Provide other documents if requested by the Financial Aid Office. Sometimes the FAFSA data is incomplete, or the U.S. Department of Education has selected a student for verification. If the financial aid office needs additional information before determining your loan eligibility, please comply as quickly as possible.
  4. Complete Loan Entrance Counseling. Once you access this website, select the option for “Entrance & Exit Counseling” in the top right-hand corner of the page.
  5. Complete the Electronic Master Promissory note at the secure Department of Education site. Once you access this website, select the option for “Complete New MPN for Student Loans.” You only need to complete one promissory during your academic career at Rowan-Cabarrus Community College.
  6. Complete RCCC Entrance Counseling by visiting Mapping Your Future
  7. Determine how much you need to borrow and the loan period. All loans come in two disbursements.
  8. Complete the Loan Acceptance Form 14-15
  9. View your award on WebAdvisor.
  10. Attend and finish your classes. You must attend your classes to be eligible for the loan disbursements. If you withdraw or drop below half-time (6 credits) before your loan is disbursed, you are not eligible for the loan. Loan refunds (balances remaining after all charges are deducted) are disbursed via HigherOne. Refunds are disbursed approximately 6 weeks after classes begin. Please plan your finances accordingly.
  11. Complete the Loan Exit Counseling online.
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