Federal Direct Loans

Applying for the Loan

1) Accept Your Loan in AXESS

  • From the My Finances menu, select Financial Aid > Accept/Decline Loans. Use the red Change button to switch to the correct academic year, if necessary. For each loan offer, use the drop-down under Award Decision to Accept or Decline your loan. If you wish to accept a lower amount, choose Accept, then click the Reduce box, then enter the amount you wish to accept. When you are ready, click Submit.
  • If you do not have the loan included in your award, submit a request to financialaid@stanford.edu.
  • If you have not applied for financial aid, complete the Applying for Aid process.

2) Complete Your Master Promissory Note

Note: If you completed a Direct Loan Master Promissory Note (MPN) in a prior academic year at Stanford, you do not need to complete a new MPN. Your existing MPN covers your Direct Loan borrowing for up to ten years.

  1. Go to the Federal Student Aid website.
  2. Locate and select the "Log In" link.
  3. Log in using your FSA ID (Username). If you forgot your FSA ID, go to Retrieve Your Log-in Information.
  4. From the navigation at the top of the page, find the dropdown list for Grants and Loans. Select “Master Promissory Note (MPN).”
  5. Undergraduate students should click “Start.” Graduate students should click “Select MPN Type,” then click “Start” next to MPN for Subsidized and Unsubsidized Loans.
  6. Follow the prompts to enter your demographic information.
  7. To notify the correct school, choose CALIFORNIA as the state and STANFORD UNIVERSITY as the school. Click “Add” to add this school, then click “Continue.”
  8. Follow the prompts to complete the remaining items, including the electronic signature. You will have the opportunity to print a copy of your completed, signed MPN. The Stanford Financial Aid Office will be notified when you have completed and signed your MPN.

Note: If you have not already done so, please complete your Direct Loan Entrance Counseling requirement on this same website.

3) Receiving Your Loan Funds

Loans are generally divided evenly over the three quarters of the academic year. If your promissory note is complete and you have enrolled for courses, your loan funds will be applied to the University bill a few days prior to the beginning of each quarter. If the quarter has already begun, students can monitor the loan disbursements in AXESS.

Updated on February 3, 2026 10:11 AM