Federal Student Loan Borrowers –
The County College of Morris process federal subsidized
Stafford loans under the federal Direct Loan
program (DL). This
program allows all student loan borrowers to borrow “electronically"
directly from the US Department of Education.
In order to participate in the Federal Direct Loan
Program, borrowers are required to follow and complete the below steps:
- Students must be accepted in a
matriculated Degree-Seeking program.
- Apply for your PIN, which also serves as an
electronic signature for the FAFSA and Direct Loan. To request
a PIN if you do not already have one, login to : http://www.pin.ed.gov/PINWebApp/pinindex.jsp
the Free Application for Federal Student Aid (FAFSA)
required, prior to Step 4.) To apply login
- Complete your “electronic version” Subsidized/Unsubsidized,
Loan - Master
Promissory Note (MPN) and Entrance Counseling
(STEP 3. completion required for processing*
- For current borrowers, you can now
manage your account by going to https://www.myedaccount.com/
All above steps must be completed in order for the County
College of Morris Financial Aid Office to receive and certify your
Federal Direct Loan.
Additionally, Stafford student
loan borrowers are required to complete a Stafford EXIT Counseling
on exiting the college or if enrolled for less six (6) credits per term.
What happens after you
complete the above steps?
- The Financial Aid Office will receive all
applications electronically from the Federal Processing Center
- Once received, your application will be
reviewed. If additional information is needed our office will
contact you by mail or your CCM email.
- Once the review process is completed, your loan
will be certified by our office and placed in a “deferrable” status,
applicable towards your semester’s tuition charges – Your electronic
MPN must be received in 10 business days prior to the college billing
- Once your term class attendance has been
verified, the Financial Aid Office will authorize the release of your
loan from the federal processing center to CCM. If
you are expecting a refund, the Bursar Office will assess and issue
(check) the amount due to you within 3 - 4 weeks of receiving your
class attendance verification.