Federal Student Loans

Federal Student Loans

In order to apply for a federal loan, a student must submit a FAFSA (Free Application of Federal Student Aid). Based on a student’s FAFSA report, the Financial Aid Office will determine the maximum amounts and types of loans for which the student and his or her parents are eligible.

Loan funds cannot be disbursed until all necessary requirements are met. If all requirements have not been completed, loan amounts will not be applied to the student’s Morris Brown bill. You must notify the Financial Aid Office using the appropriate Loan Request and Adjustment form if any changes need to be made to your loans after they have been accepted in the Morris Brown portal.

Federal Direct Loans

The Federal Direct Student Loan Program consists of subsidized and unsubsidized loans. Repayment of Federal Direct Student Loans may be deferred while a student is attending the university on a half-time or full-time basis. The student must begin repayment of the loan six months after leaving school or dropping below half time.

The Federal Direct Subsidized Loan is awarded according to demonstrated financial need. Interest is paid by the federal government as long as a student is enrolled at least half time at the university. Interest will begin accruing six months after leaving school at the same time as repayment.

The Federal Direct Unsubsidized Loan is awarded regardless of a student’s demonstrated need. Interest begins accruing from the date of disbursement. By making interest payments while in school, a student can avoid capitalization of the interest. When interest is capitalized, it is added to the principal amount of the loan upon which further interest charges are based.

To view the current interest rates and fees visit the studentaid.gov.


If you have not previously received a Direct Loan or Federal Family Education Loan (FFEL), the Federal Government requires you to complete entrance counseling to ensure that you understand the responsibilities and obligations you are assuming.

If you are completing entrance counseling to borrow a loan as an undergraduate student, then the entrance counseling will fulfill counseling requirements for Direct Subsidized Loans and Direct Unsubsidized Loans.

If you are completing entrance counseling to borrow a loan as a graduate or professional student, the entrance counseling will fulfill counseling requirements for Direct Subsidized Loans, Direct Unsubsidized Loans, and Direct PLUS Loans.

Your school may have alternate entrance counseling requirements.

Click here to complete Entrance Loan Counseling studentaid.gov


The Master Promissory Note (MPN) is a legal document in which you promise to repay your loan(s) and any accrued interest and fees to the U.S. Department of Education. It also explains the terms and conditions of your loan(s).

You may receive more than one loan under an MPN over a period of up to 10 years to pay for your or your child’s educational costs.

Click here to complete a Master Promissory Note (MPN) studentaid.gov


The Annual Student Loan Acknowledgement is a StudentAid.gov tool to inform borrowers of what they owe in federal student loans or, for new borrowers, it provides important information about student loans. This tool will also assist borrowers in planning for the future.

All Federal Direct Loan borrowers will have to acknowledge prior to receiving a loan disbursement for Award Year 2021-22.

Click here to complete an Annual Student Loan Acknowledgement studentaid.gov

Contact Us

Morris Brown College

Financial Aid Office
643 Martin Luther King Jr. Drive
Atlanta, GA 30314
Phone: 404-458-6085 ext. 1
Fax: 678-585-6648

Hours of Operation: 9am-5pm