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Loans

The Federal Direct Loan Program includes subsidized and unsubsidized loans for students as well as the PLUS loan for Parents. For information regarding loan types, loan terms and conditions, rights and responsibilities, borrowing limits, interest rates, fees, and repayment, visit studentloans.gov.  

Loan Application Process:

No aid can be packaged with an incomplete Financial Aid file. Log onto MyBC and resolve all the RED flags (Verification, Authorizations, Forms) that could stop you from getting all your aid packaged and awarded by your tuition payment due date.  When you have received your award notification email message, make sure that you have completed the following steps:
 
  

Click each Step 1-4 to progress and complete Broward College's Process for Direct Student Loans. 

​NOTE: Late students receive late and last-minute service.
Previous Direct Loan Borrowers- Skip to Step 4.
Step 1. Complete a Direct Loan Master Promissory Note
First-Time Federal Direct Loan Borrowers must complete a Direct Loan Master Promissory Note (MPN). The MPN is the legal document through which you promise to repay your Direct Loans and any accrued interest and fees.
 
Complete your MPN electronically at StudentLoans.gov. You will use the Federal Student Aid PIN that you used to complete the Free Application for Federal Student Aid (FAFSA). For customer service regarding a previously assigned PIN, visit www.PIN.ed.gov.
Step 2. Complete Direct Loan Entrance Counseling
First-Time Federal Direct Loan Borrowers must complete Direct Loan Entrance Counseling. Entrance Counseling provides information on what it means to borrow funds and your responsibility towards repayment.
 
Complete Direct Loan Entrance Counseling electronically at StudentLoans.gov.  You will use the Federal Student Aid PIN that you used to complete the Free Application for Federal Student Aid (FAFSA). For customer service regarding a previously assigned PIN, visit www.PIN.ed.gov.
Step 3. Attend a Debt Management Workshop
If you are a FIRST TIME borrower, or have borrowed more than $15,000 for Associates degree program or $30,000 for a Bachelor degree program, you are required to attend a Debt Management Workshop. You will receive an e-mail informing you of the dates, times, and locations of upcoming debt management workshops.
Step 4. Request a Loan

Broward College does not discriminate on the basis of race, color, ethnicity, genetic information, national origin, marital status, sex, disability, or age in its programs and activities. Inquiries regarding
the non-discrimination policies and Title IX may be directed to: Equity Coordinator Dr. Denese Edsall, Executive Director, Human Resources, 6400 NW 6th Way, Ft. Lauderdale, Fl 33309,
(954) 201-7502, dedsall@broward.edu