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Student Loans

Federal Loans

The University does not offer loans directly, but we participate in the William D. Ford Federal Direct Loan program, in which borrowers obtain loan funds directly from the U.S. Department of Education. We work to help families understand the options available and to find alternative resources if needed.

Federal Direct Student Loans
Federal Direct PLUS Loans

Federal Direct Student Loans

Federal Direct Student loans are fixed-rate guaranteed student loans for undergraduate and graduate students attending college at least half-time. All borrowers will be charged an origination fee on the loan amount, which is deducted from each loan disbursement. All students must complete a FAFSA, and all first-time borrowers must complete three necessary steps to apply for your Direct Loan. For more information on federal direct student loans, click here.

Application Instructions


1. Complete the MASTER PROMISSORY NOTE

  • Visit the website https://studentloans.gov.
  • Sign in using your FSA ID.
  • Click on the link for Complete Master Promissory Note.
  • Follow instructions, filling in each section.
  • If you encounter any technical problems, call 1-800-557-7394.

2. Complete Entrance Counseling

  • Visit the website https://studentloans.gov.
  • Click on the link for Entrance Counseling.
  • Follow instructions. Approximate time to complete is 30 minutes.

3. Submit your MSMU Direct Loan Certification Form

  • Obtain a copy of the Certification Form (.pdf).
  • Refer to your financial aid award letter to determine the maximum amount you are eligible to request (both subsidized and unsubsidized).
  • Complete the form. Fill in the total amount (subsidized and unsubsidized, if appropriate) you wish to borrow in the box in middle of the page.
  • Mail or fax 301-447-5915 the form to the MSMU Financial Aid Office.
Financial Aid Office
Mount St. Mary's University
16300 Old Emmitsburg Rd.
Emmitsburg, MD 21727

Federal Direct PLUS Loans

Federal Direct PLUS loans are federal education loans available for the parents of dependent students or graduate students. To be eligible, both the student and the parent applicant must meet specific federal eligibility requirements outlined on the U.S. Department of Education Federal Student Aid website.

PLUS Loan interest rates are fixed and borrowers will be charged an origination fee on the loan amount, which is deducted from each loan disbursement. All students must complete a FAFSA and first time PLUS loan borrowers must complete a Master Promissory Note for the loan. This promissory note will be used for the life of the loan, but may have some cancellation provisions.  For more information of Direct Plus Loans, click here.  

Recommended Deadline

For the PLUS Loan to appear on your July 15 billing statement, the above steps should be completed by July 6.

Application Instructions

  • Visit the website https://studentloans.gov.
  • Sign in using your FSA ID (Please note, your parent will need to sign in if you are a dependent undergraduate student).
  • Click "Request a Direct PLUS Loan."
  • Select Parent PLUS (for parents of undergraduate students) or Graduate PLUS Loan (for students in a graduate program).
  • Enter personal information, including the student information and the loan amount requested.
  • Consent to credit check.
  • If approved, complete the electronic Master Promissory Note (e-MPN) if you are a first time PLUS Loan borrower.
  • If credit is not approved, follow instructions provided.
Please note, if you encounter any technical problems you may call 1-800-557-7394.

Alternative Student Loans

Alternative loans, also known as private student loans, are used by Mount students to supplement family resources available for educational expenses. These loans are typically funded by banks or other institutions and are not federally funded. Although they are loans meant for students, a creditworthy cosigner or co-borrower is usually necessary for dependent undergraduate students.

Note: We strongly encourage students to research and understand their financial obligations before borrowing any loans. Interest rates, loan fees, and repayment provisions vary from lender to lender. Some lenders require students to begin paying the interest on the loan while in school and others offer interest rate reductions for on-time payments and having automatic payments made from your bank account.

Recommended Deadline

For the Alternative Loan to appear on your July 15 billing statement, the above steps should be completed by July 6.

Application Instructions

  1. Visit the website for ELM Select and to take the time to review all of the lenders and options.

  2. Follow the instructions provided.  

Student Loan Code of Conduct

Mount St. Mary’s University is committed to providing students and their families with the best information and processing alternatives available regarding student borrowing. In support of this and in an effort to rule out any perceived or actual conflict of interest between Mount St. Mary’s University officers, employers or agents and education loan lenders, Mount St. Mary’s University has adopted the Student Loan Code of Conduct.

Code of Conduct Details

  • Mount St. Mary’s University does not participate in any revenue-sharing arrangements with any lender.
  • Mount St. Mary’s University does not permit any officer, employee or agent of the school who is employed in the financial aid office or is otherwise involved in the administration of education loans to accept any gifts of greater than a nominal value from any lender, guarantor or servicer.
  • Mount St. Mary’s University does not permit any officer, employee or agent of the school who is employed in the financial aid office or is otherwise involved in the administration of education loans to accept any fee, payment or other financial benefit (including a stock purchase option) from a lender or affiliate of a lender as compensation for any type of consulting arrangement or contract to provide services to a lender or on behalf of a lender relating education loans.
  • Mount St. Mary’s University does not permit any officer, employee or agent of the school who is employed in the financial aid office or is otherwise involved in the administration of education loans to accept anything of value from a lender, guarantor or group of lenders and/or guarantors in exchange for service on an advisory board, commission or other group established by such a lender, guarantor group of lenders and/or guarantors. Mount St. Mary’s University does allow for the reasonable reimbursement of expenses associated with participation in such boards, commissions or groups by lenders, guarantors or groups of lenders and/or guarantors.
  • Mount St. Mary’s University does not assign a lender to any first-time borrower through financial aid packaging or any other means.
  • Mount St. Mary’s University recognizes that a borrower has the right to choose any lender from which to borrow to finance his/her education. Mount St. Mary’s University will not refuse to certify or otherwise deny or delay certification of a loan based on the borrower's selection of a lender and/or guarantor.
  • Mount St. Mary’s University will not request or accept any offer of funds to be used for private education loans to students from any lender in exchange for providing the lender with a specified number or volume of Title IV loans, or a preferred lender arrangement for Title IV loans.
  • Mount St. Mary’s University will not request or accept any assistance with call center or financial aid office staffing.