Federal loans are awarded based on your FAFSA. At Montana State University, we encourage students and families to make informed decisions about financial aid. We highly recommend that you borrow only the amount of loans you need to successfully complete your education.
Follow these simple steps to receive federal loans:
- Submit your completed FAFSA
- Be admitted to a degree-seeking program
- Accept your Award Letter in My Info
- Complete Direct Loan Entrance Counseling & sign your Master Promissory Note
- Register for at least 6 credits each semester
- Confirm your Bill
- To continue receiving financial aid you must also maintain Satisfactory Academic Progress
For more details, including interest rates and loan fees, see:
The federal government requires that you complete student loan Exit Counseling before you graduate or stop attending at least half-time (less than 6 credits). If you would like to schedule a personal appointment regarding Exit Counseling, please contact the Office of Financial Education.
Federal Direct Subsidized and Unsubsidized Loans:
Exit Counseling can be completed online in your National Student Loan Data System account at NSLDS.ed.gov. You will need your Social Security Number and FSA ID.
Select the Exit Counseling link in the middle of the page
Select Go, then Log In with your information
Select Montana State University as your school, and click Submit
When you are done you will receive confirmation that your Exit Counseling is complete
Federal Perkins and Nursing Loans:
If you had a Perkins Loan and/or Nursing Loan, a hold will be put on your transcripts until you complete Perkins/Nursing Exit Counseling. If you have any questions, please contact the Perkins and Nursing Loan Service Center, located in Montana Hall, at 406-994-2702.
Repaying your Loans
After you graduate, leave school, or drop below 6 credits, you have a grace period before you must begin repayment of your loans. Go to www.StudentLoans.gov for information on Managing Repayment. A record of all of the federal aid you have received can be found in your National Student Loan Data System account at NSLDS.ed.gov.