To apply for a Federal Direct Loan and/or Federal Direct PLUS Graduate Loan, students must complete a Free Application for Federal Student Aid (FAFSA) online at www.fafsa.ed.gov. Students must also complete an electronic Master Promisory Note (eMPN) at www.student loans.gov. The eMPN is valid for 10 years, but the FAFSA must be completed each year. This information is also available in the financial aid section of the Marywood University website at www.marywood.edu/fin_aid

Federal Direct Unsubsidized Student Loan. Under this program, matriculating graduate students enrolled on at least a half-time basis (minimum of three credits per semester beginning in Fall 2014) can borrow up to $20,500 per academic year. Interest begins accruing on the loan at the time of disbursement. The approved loan amount can never exceed the actual cost of education less any other scholarships, grants, employer reimbursement, or loans received.

Federal Direct Graduate PLUS Loan. Under this program, matriculating graduate students enrolled on at least a half-time basis (minimum of three credits per semester beginning in fall 2014) can borrow the difference between the cost of education less any other scholarships, grants, employer reimbursement, or loans received. Requirements for this loan include a credit check.