Direct loan

The Direct Loan Program is one of the Federal Student Aid (FSA) programs offered by the Department of Education, and it provides students with a simple, inexpensive way to borrow money to pay for education after high school. You apply for FSA by filling out the Free Application for Federal Student Aid; you can use the paper FAFSA, but we recommend using the online version, FAFSA on the Web.
If your school participates in the Direct Loan Program, you'll then need to complete a master promissory note (MPN) to get a Direct Loan. The MPN explains the loan terms and is the legally binding agreement that you will repay the Department.