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First-time loan borrowers through the Federal Direct Loan program must complete entrance counseling and sign a Master Promissory Note to receive your money. These processes are required only one time and help borrowers better understand the responsibilities of having student loans.
The Federal Direct Loan is not a grant awarded by Capital University. It is a loan and will require repayment. To apply for a Federal Direct Loan, you must complete the Free Application for Federal Student Aid (FAFSA). Even though the unsubsidized Federal Direct Loan is available to all students regardless of financial need, you must still submit the FAFSA to be eligible. You can receive a subsidized loan and an unsubsidized loan for the same period. For more information, see the Student Loan Fact Sheet.
Your financial aid award letter will indicate the maximum loan amount available for the academic year. If you plan to attend in the summer term in addition to the fall and spring, the total loan amount would be divided between three terms.
Capital University disburses all loan funds to our undergraduate students approximately seven days prior to the start of each semester. Funds can only be disbursed once the student has completed the two required steps. If we are unable to disburse the loan seven days before the term begins, we will disburse the funds as soon as the student has completed the Master Promissory Note and Entrance Counseling.
New Capital students or first-time new borrowers at Capital MUST complete a promissory note and entrance counseling.
Direct Loan Exit Interview
Capital University is a private four-year undergraduate institution and graduate school located in the Columbus, Ohio, neighborhood of Bexley. Copyright © 2013 Capital University