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Financial Aid Loans

A loan is a type of financial aid that the student or parent borrows. This aid usually has to be repaid. Examples: Parent Plus, Federal Direct Loans, Alternative Loans.

Students should log onto their MyMoreheadState account and click "Student Self-Service" and then select "Financial Aid." Once there you may review "My Awards" and accept your loans.

View Instructions

Students should log onto their MyMoreheadState account and click "Student Self-Service" and then select "Financial Aid." Once there you may review "My Awards" and decline or accept your loans.

View Instructions

Students may email finaid@moreheadstate.edu stating they would like to reduce their loan(s) for the academic year. Students must state the exact amount of loan funds that they are requesting and include the academic year (this amount will be evenly divided between the fall and spring semesters) or may complete the Student Request to Adjust Financial Aid Form.

For the need-based Subsidized Stafford Loan, the federal government pays the interest while you are enrolled at least half-time (six semester hours). However, for the non-need-based Unsubsidized Stafford Loan, interest does accrue while the student is enrolled and must be paid by the student upon graduation or ceasing enrollment of half-time status. Both types of Stafford loans have an interest rate that is capped at 8.25%. Repayment begins six months after you graduate or you cease to be enrolled at least half-time (six semester hours). For more information about direct loan interest rates, please visit the Student Aid website.

Students may visit nslds.ed.gov to retrieve their loan information.

The Department of Education assigns students a lender. Students may visit nslds.ed.gov to find out who their lender is and how to contact that lender about starting repayment of their loans.

For current federal student loan rates, visit the Federal Student Aid website.

For information about completing entrance counseling, visit StudentLoans.gov.

For information about completing the Master Promissory Note (MPN), visit StudentLoans.gov.

Federal Direct Subsidized or Unsubsidized loan(s) do not disburse until the following have occurred:

  1. The loan is linked to an active Master Promissory Note.

  2. The loan is linked to Entrance Counseling completion.

  3. The student is actively attending at least their 6th credit hour.*

* If a student enrolls in 3 hours the first nine weeks and then does not begin their other three credit-hour courses until the second nine weeks, the loan will not disburse until the student is actively attending the second nine-week class. Note: If a student has six credits as of the census but then withdraws or drops a course and falls below six credits for that term the remaining and/or all of the direct loan is subject to a return of funds or cancellation. Students below (or who fall below) 6 credit hours for a term are no longer eligible to receive Federal Direct Subsidized or Unsubsidized loans. Note for first-time freshman borrowers: Loans will not disburse until the above requirements have been met and your 30-day delay requirement has passed.

Students are awarded grants and direct loan(s) based on their eligibility from their FAFSA (Free Application for Federal Student Aid). 

For information about completing exit counseling, visit StudentLoans.gov.

Contact US

Office of Financial Aid

121 E. Second St.
Morehead, KY 40351

FAFSA Code 001976

EMAIL: finaid@moreheadstate.edu
PHONE: 606-783-2011
FAX: 606-783-2293