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Our Best Answer: How do I apply for a Federal Direct Loan (FDL)?

Federal Direct Loans (FDL)

To apply for a Federal Direct Loan, you must first file and receive a response to your FAFSA. FDL Applications will be available to students at the beginning of each academic year. Once your FAFSA is finalized, you can apply for a an FDL through your CUNYfirst account online. The Direct Loan form can be found after you sign in under Student Center.

You must complete a Direct Loan Entrance Counseling session and sign a Master Promissory Note (MPN) to receive an approved loan. These can be completed online.

You'll pay an origination fee of 1.062% of the total amount of the loan for funds disbursed to you on or after October 1, 2018 and before October 1, 2019. This will be deducted proportionately from each loan disbursement.

You can borrow up to the following amounts but not more than the cost of attendance at LaGuardia Community College minus your Expected Family Contribution (EFC) and any other financial aid you receive. Before processing your loan request, the Financial Aid Office will calculate your need based on these factors.

Academic Level

Dependent & Independent Students

1st Year – Fewer than 30 credits earned

Up to $3,500 Per Year (Subsidized)

Dependent  Students up to $ 2,000 (Unsubsidized)

Independent students up to $ 6,000 (Unsubsidized)

2nd Year – 30 or more credits earned

Up to $4,500 Per Year (Subsidized)

Dependent  Students up to $ 2,000 (Unsubsidized)

Independent students up to $ 6,000 (Unsubsidized)

Undergraduate Aggregated Maximum

Dependent–$31,000, no more than $23,000 may be in subsidized loans

Independent–$57,500, no more than $23,000 may be in subsidized loans


A student loan is a serious legal and financial obligation. You should apply for a loan only after careful consideration of all other options for financing your education. Think of borrowing as a commitment to pursuing and completing your education successfully. If you find you have to interrupt your studies, you could face having to repay your loan sooner than anticipated.

Applying for Additional FDLs: Once you have signed an electronic or paper Master Promissory Note (MPN) for a Federal Direct Loan, you are not required to sign a new MPN in most instances. The note already on file will be used for subsequent year loan borrowing under the Federal Direct Loan program. You always have the option of re-signing your MPN every time you borrow but it is not a requirement. PLEASE NOTE: if you previously signed an MPN that did not result in a disbursement of Direct Loan funds, you must resign your MPN for subsequent loan requests.

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