Direct Loans | Northcentral Technical College
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Direct Loans

Direct Loans are:

  • Simple—You borrow directly from the federal government and have a single contact—the Direct Loan Servicing Center—for everything related to the repayment of your loans, even if you receive Direct Loans at different schools.
  • ConvenientYou will be able to access your direct loan account information by logging into the National Student Loan Data System (NSLDS) for Students:

    The NSLDS Student Access web site is available 24 hours a day, 7 days a week. You can use the web site to make inquiries about your Title IV loans and/or grants.  The site displays information on loan and/or grant amounts, outstanding balances, loan statuses, and disbursements.

  • Flexible—You can choose from several repayment plans that are designed to meet the needs of almost any borrower, and you can switch repayment plans if your needs change.


You will be required to go to, sign in with the 4-digit PIN created for your FAFSA, and complete these two steps before any loan funds will be disbursed to you:

  1. An electronic Master Promissory Note (eMPN) and
  2. Entrance Counseling (not Financial Literacy Counseling, which is highly recommended but optional)


Loans, unlike grants and work study, are borrowed money that must be repaid and that accumulate interest.  You may not have these loans canceled because you did not graduate, obtain a job in your field of study, or because you are having financial difficulty.  Loans are legal obligations, so before you take out a student loan, think about the amount that you will have to repay in the years after graduation.



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