Getting a Loan

New Loan Applicants

Durham Technical Community College students who have never had a Direct Loan are required to complete the following four steps to be considered for a student loan. The Free Application for Federal Student Aid (FAFSA) must be completed before you can complete these steps.

Students should complete and submit all financial aid form documents prior to applying for a loan.

Students who have received a loan and wish to continue receiving a loan must re-apply. To learn more, see below for information about Previous Loan Recipients.

admissions-step-1.gif Complete Entrance Counseling
Complete the required Entrance Counseling online.

Please note: The  official rate published in September 2022 shows that 4% of borrowers of loans at Durham Tech have defaulted on their loans.


admissions-step-2.gif Complete your Master Promissory Note (MPN)
Fill out your MPN at studentaid.gov.
 

admissions-step-3.gif Complete and Submit the Loan Authorization form to the Financial Aid office. All sections must be completed to be considered for a loan. 

View the Frequently Asked Questions to learn more about loan awards.
 

Previous Loan Recipients from Durham Tech

Students who have received a loan from Durham Tech and who wish to continue to receive a loan must reapply for each academic year. Students who have previously borrowed at Durham Technical Community College (only) may complete the Loan Authorization form online and then print and submit the signed form to the Financial Aid office, Phail Wynn, Jr. Student Services Center, room 10-210. The FAFSA must be completed and all follow-up paperwork submitted before the Financial Aid office can accept your loan request. Since you have previously received a loan from Durham Tech, a new eMPN, Entrance Counseling, or attending a Durham Tech Loan Workshop is not required.