Direct Loans | Northcentral Technical College
  • Home
  • Financial Aid
  • Direct Loans

Direct Loans

Direct Loans replaced the Federal Family Education Loans (FFEL Stafford/PLUS loans) starting with the 2010 summer semester.


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.
  • Convenient—You will have online access to your Direct Loan account information 24 hours a day, seven days a week via Direct Loan Servicing online.
  • 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.



  • Financial Aid