Federal Direct Loans

Applying for the Loan

1) Accept Your Loan in Axess

  • If the loan is included in your award you can accept it in AXESS. Under the Student Center tab, in the Finances section, select "Accept/Decline Awards." You can accept the maximum amount, specify a lower amount, or decline the loan.
  • If you do not have the loan included in your award, submit a request to financialaid@stanford.edu.
  • If you have not applied for financial aid, complete the Applying for Aid process.

2) Complete Your Master Promissory Note

Note: If you completed a Direct Loan Master Promissory Note (MPN) in a prior academic year at Stanford, you do not need to complete a new MPN. Your existing MPN covers your Direct Loan borrowing for up to ten years.

  1. Go to the Direct Loan website at http://StudentLoans.gov/.
  2. Locate and select "Log In" button Loan type options
  3. Log in using your FSA ID.  If you forgot your FSA ID, refer to the following link: https://fsaid.ed.gov/npas/index.htm
  4. Click on "Complete Loan Agreement (Master Promissory Note)”.  You will be taken to a screen with these options: Loan type options
  5. Click on "Start" for the MPN for Subsidized/Unsubsidized Loans. Loan type options
  6. Complete all required fields (indicated by red asterisk) in the Borrower Information section.
  7. For School State, select CALIFORNIA.
  8. For School Name, select STANFORD UNIVERSITY. Your selection should look like the following: Loan type options

  9. Continue with the following steps including the electronic signature. You will have the opportunity to print a copy of your completed, signed MPN. The Stanford Financial Aid Office will be notified when you have completed and signed your MPN.

    If you have questions about completing your MPN, you can call Direct Loan Applicant Services at (800) 557-7394 or contact the Stanford Financial Aid Office.

    Note: If you have not already done so, please complete your Direct Loan Entrance Counseling requirement on this same website.

3) Receiving Your Loan Funds

Loans are generally divided evenly over the three quarters of the academic year. If your promissory note is complete and you have enrolled for courses, your loan funds will be applied to the University bill a few days prior to the beginning of each quarter. If the quarter has already begun, students can monitor the loan disbursements in AXESS.

Updated on May 18, 2021 2:12 PM