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Direct Subsidized and Unsubsidized Loans

Special Processing Notes:

  • If this is the first year you will receive a loan at OCU, please remember that you will receive automatic e-mail reminders to complete the Master Promissory Note (MPN). The reminders will stop once your loan has been originated by the financial aid office. You may continue to receive the reminders even if you have completed the MPN until the loan is processed. Loan processing will begin by May 1. Please be patient.

Student loans are provided by the U.S. Department of Education to enable a student to pay for education after high school. Eligible students borrow directly from the U.S. Department of Education.

There are two types of federal loans available to students: Direct Subsidized Loans and Direct Unsubsidized Loans.

The information below will highlight the key differences between the subsidized and unsubsidized loans, as well as guide you through the steps needed to obtain a Direct Loan for your OKCU education.

From the U.S. Department of Education, studentaid.gov website.

  • Direct Subsidized Loans are loans made to eligible undergraduate students who demonstrate financial need, by completing the FAFSA, to help cover the cost of higher education. Subsidized loan borrowers are not responsible for making interest payments while in an in-school, grace, or deferment period.
  • Direct Unsubsidized Loans are loans made to eligible undergraduate, graduate, and professional students regardless of need. Unsubsidized loans accrue interest regardless of the loan status.
  • For more information on Subsidized and Unsubsidized loans, and the differences between the two, visit: studentaid.gov

  • Complete the FAFSA at studentaid.gov
  • The FAFSA becomes available each year on October 1.
  • Log into your BlueLink (https://bluelink.okcu.edu) account
  • Click on the Student Financial Services tab
  • Click Financial Aid Awards
  • Select the current financial aid year
  • Read all of the tabs and accept the Terms & Conditions
  • Accept all or part of you Financial Aid Package

  • Log onto studentaid.gov using your FSA ID and password
  • Click "Complete Loan Agreement (Master Promissory Note)"
  • Click the Start button for "MPN for Subsidized/Unsubsidized Loans"
  • Fill in your information for each portion of the MPN then e-sign and submit

  • Log onto studentaid.gov using your FSA ID and password
  • Click "Complete Loan Counseling"
  • Click the Start button for "Entrance Counseling"
  • Follow the prompts to complete and submit your Entrance Counseling
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