Federal Direct Student and Parent Loans

FEDERAL DIRECT STAFFORD LOANS

All Federal Stafford Loans (both Subsidized and Unsubsidized) are obtained through the Direct Loan program. 

For NEW Federal Direct Stafford Loan borrowers, please follow these steps:

  1. Submit to Student Financial Services your signed award letter with the desired Federal Direct Stafford Loan amount accepted.
  2. Complete a new Master Promissory Note (MPN).
  3. Complete Entrance Counseling. If you have previously borrowed a Federal Stafford Loan, you may skip this step. Please note that you must login before you start entrance counseling or your completion will not be recorded and you will have to complete it again.

For REPEAT Federal Direct Stafford Loan borrowers, please follow these steps:

  1. Submit to Student Financial Services your signed award letter with the desired Federal Direct Stafford Loan amount accepted.

To make CHANGES to your Federal Direct Stafford Loan after the initial acceptance/decline:

  1. Email Student Financial Services (financialaid@carleton.edu) from your Carleton email account specifying the changes (additions, reductions) you would like to make to your Federal Direct Stafford Loan.

FEDERAL DIRECT PLUS LOANS

All Federal PLUS Loans are obtained through the Direct Loan program. Parents can begin to complete their loan applications after June 1st

For Federal Direct PLUS loans, please follow these steps:

  1. Federal regulations required the student and a parent to complete the Free Application for Federal Student Aid (FAFSA) in order to apply for a PLUS Loan even if the family's intention is not to apply for need-based financial aid.  Complete the FAFSA for the academic year you are requesting the PLUS Loan.  If you have already completed the FAFSA, Proceed to Step 2.
  2. Complete the PLUS Request Process. You must enter a dollar amount for the requested loan amount.
  3. For NEW borrowers, complete the PLUS Master Promissory Note (MPN).