How to Apply for a Federal Direct Loan at OCtech
STEP ONE: COMPLETE THE OCtech INSTITUTIONAL LOAN APPLICATION (Student Loan Application)
Print, complete, and return the OCtech Institutional Loan Application to the financial aid office. Please allow 5 business days, from the day we receive your Institutional Loan Application for the financial aid office to process.
STEP TWO:LOG INTO WebAdvisor TO CHECK THE STATUS OF YOUR DIRECT LOAN
After completing the OCtech Institutional Loan Application and waiting 5 business days, Log into WebAdvisor through Campus Cruiser and see if you have been awarded a Federal Direct Loan.
To see if you have been awarded a Federal Direct Loan in WebAdvisor….
If you have been awarded a Federal Direct Loan, please proceed to STEP THREE. If you do not see where you have been awarded a Federal Direct Loan and you have waited the required time for processing please contact our office before proceeding to STEP THREE.
STEP THREE: COMPLETEING YOUR MASTER PROMISSORY NOTE (MPN) AND ENTRANCE COUNSELING
You will complete your MPN and entrance counseling electronically online. You will need to have your FAFSA PIN in order to complete this process. If you do not have a PIN you can obtain one by going to the PIN website.
Once you have your PIN you can go to the Studentloans.gov website to complete your MPN and Entrance Counseling.
Once you are at the Studentloans.gov website…
IMPORTANT POINTS TO REMEMBER
- Even though you have been awarded a Federal Direct Loan, those funds will not be available for you to use to pay tuition or to get books until you have completed your MPN and Loan Entrance Counseling.
- We will process and award your Federal Direct Loan with 5 business days of receiving your OCtech Institutional Loan Application, but it is the students responsibility to ensure that the MPN and Loan Entrance counseling is completed in a timely manner in order for funds to be available to pay tuition or use those funds in the bookstore.