{"id":56,"date":"2016-02-19T14:12:24","date_gmt":"2016-02-19T19:12:24","guid":{"rendered":"https:\/\/www.umw.edu\/financialaid\/?page_id=56"},"modified":"2026-04-24T12:40:36","modified_gmt":"2026-04-24T16:40:36","slug":"application-instructions","status":"publish","type":"page","link":"https:\/\/www.umw.edu\/financialaid-test\/types\/loans\/student-loans\/application-instructions\/","title":{"rendered":"Federal Loan Application Instructions"},"content":{"rendered":"

UMW Students who have borrowed Direct Loans in previous years only need to complete Step 1 and Step 5<\/em><\/p>

If you would like to apply for a Federal Direct Loan the steps are as follows:<\/p>

Step 1<\/strong>-The student must complete the Free Application for Federal Student Aid<\/a>.<\/p>

Step 2<\/strong>-The student must log on to the Studentaid.gov website<\/a> using their FSA User ID and password. This is the same ID and password used to complete your FAFSA.<\/p>

Step 3<\/strong>-Click on the link “Complete Entrance Counseling” and follow the instructions. You will need approximately 30 minutes to complete the counseling.<\/p>

Step 4<\/strong>-After completing Loan Entrance Counseling, continue on to complete the eMPN (electronic Master Promissory Note) by clicking the “Complete Master Promissory Note” link and then select Subsidized\/Unsubsidized. The MPN record will be sent electronically to the University and the student account updated within two weeks of competing it.<\/p>

Step 5<\/strong>-To access the UMW Banner SSB Portal and review\/accept your loan(s) please go to umw.edu\/banner and follow the instructions below:<\/p>

    \n
  1. \n
      \n
    1. Login to your Banner SSB Portal with your NetID and password<\/li>\n
    2. Click on Financial Aid<\/li>\n
    3. Click on Award Offer<\/li>\n
    4. Scroll down to Work & Loans and Accept\/Decline or Modify the award<\/li>\n
    5. Then hit “Submit” at the bottom of the page<\/li>\n<\/ol>\n<\/li>\n<\/ol>

      The Direct Loan cannot be disbursed to the student account until all the steps have been completed and recorded by the Office of Financial Aid.<\/p>

      Important Information<\/h2>

      All Federal Direct loans currently have an origination fee that changes each July. Current rates for 07\/01\/2021 – 6\/30\/2022.<\/p>