Federal Direct Unsubsidized Loan Master Promissory Note
First-time Federal Direct loan borrowers must complete and sign a new Master Promissory Note (MPN) and Entrance Loan Counseling in order to receive a Federal Direct Unsubsidized Loan. You do not need to complete another MPN if you borrowed the Federal Direct Unsubsidized Loan within the past ten years. The MPN is valid for ten years, after which, you must complete a new one. Entrance Loan Counseling must be completed only once in your educational career.
Eligible U.S. citizens/national/permanent residents in degree-seeking programs, please visit Studentloans.gov to complete an MPN.
Note: When completing the MPN and selecting the School from the drop-down menu, you will only have four options for the University of Chicago. Graduate Students: Please select the option that reads: UNIVERSITY OF CHICAGO (THE) – GRADUATE SCHOOL.
Federal Direct GradPLUS Loan
A Grad PLUS application must be completed every year at studentloans.gov for each award year you wish to borrow this loan and for subsequent requests for the Grad PLUS loan within an award year.
First-time borrowers must complete and sign a new Master Promissory Note (MPN) and entrance loan counseling in order to receive this loan. Continuing borrowers who have completed an MPN within the last 10 years do not have to complete a new note. If you have completed entrance loan counseling at any time in the past, you do not have to complete it again. The Grad PLUS loan is subject to fees. Fees are deducted up front from each disbursement.
IMPORTANT: The required check on this loan is good for 180 days.